Advantage has created a sustainable business model through our unwavering commitment to protect the interests of our stakeholders by upholding the highest standards of governance. We seek to effect de facto transformation in South Africa and in so doing believe that our procurement policy and practice is such that true empowerment is achieved.
Corporate Governance
Advantage endorses the Code of Corporate Practices and Conduct (The Kings Code 2002) contained within the King Report on Corporate Governance for South Africa (2002). The board mandates specific committees to ensure compliance of sound corporate governance practices that operate within the recommendations of the Report.
These committees are comprised of both staff and external professionals to ensure that we continually uphold the corporate values which we would expect from investment professionals.
Procurement
Our procurement policy supports and contributes to the growth and development of South Africa and aims to redress the imbalances of the past.
Our objective is to ensure that a substantial amount of procurement spend
is channeled to companies owned by historically disadvantaged individuals
in line with the Financial Sector Charter, and audited statements are required
to prove ownership or control.
Although support is given to suppliers who qualify in terms of a BEE assessment, we won´t compromise on service levels, quality and price.
Advantage Asset Managers is an authorised financial services provider (FSP) under the Financial Advisory and Intermediary Act, FSP number 19840. Advantage is also registered administrator of investments in terms of section 13B of the Pension Funds Act, section 13B number 24/401. Advantage is regulated by the Financial Services Board.