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AfroCentric INTEGRATED ANNUAL REPORT 2016
2
Feedback on the contents
and presentation of the
Integrated Annual Report 2016
is welcomed. To provide feedback
or request hard copies of our report,
stakeholders are invited to
contact Shivani Ramdhani at
shivanir@afrocentric.za.com(Group Investor Relations).
CONTENTS
INTRODUCTION
About this report
3
Reporting suite
4
Navigation
4
Forward looking statements
5
OUR BUSINESS
6
Organisational overview
9
Company history
10
Vision, mission and strategy
11
Group structure
12
Our footprint
13
LEADERSHIP
14
Board of Directors
18
Executive Committee
20
Chairperson’s report
22
Chief Executive Officer’s report
26
STRATEGY
28
Strategy
31
Business model
36
Stakeholder engagement
42
Material risks and opportunities
47
PERFORMANCE OVERVIEW
52
Chief Financial Officer’s report
55
Group results at a glance
59
Group Annual Financial Statements (supplementary information)
OPERATIONAL REVIEWS
62
Medscheme South Africa
65
Aid for Aids
68
AfroCentric Health Solutions
69
Helios IT Solutions
71
Allegra
73
Pharmacy Direct, Curasana and Activo Health
75
Klinikka
77
GOVERNANCE AND SUSTAINABILITY
78
Corporate governance report
81
Remuneration Committee report
90
Social and Ethics Committee report
93
SHAREHOLDER INFORMATION
102
Financial calendar
105
Notice of Annual General Meeting
106
Form of proxy
115
Appendix – Extract from Section 58 of the Companies Act
117
Annexure A – Memorandum of Incorporation amendment
118
Glossary
132
Administration and contact information
ibc