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AfroCentric INTEGRATED ANNUAL REPORT 2016
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CHIEF FINANCIAL OFFICER’S REPORT (continued)
3. Pharmacy Direct has been successful in winning the COID
tender for chronic medication distribution, which could
grow to 15% of the total Pharmacy Direct revenue once
fully taken on in the latter part of 2017.
4. The salesforce of Bonitas and Fedhealth has been
improved in conjunction with the Sanlam broker market
and we foresee some positive organic growth from our
two open schemes.
5. Our pharmacy software, via Allegra, will be installed in all
Medirite pharmacies in Checkers branches countrywide,
which makes us the leading provider of turnkey pharmacy
management software that is not just linked to financial
but also clinical information flow.
AfroCentric and its subsidiaries are starting to prove to the
market that it can deliver sustainable products to manage
the healthcare spend of medical schemes. Clients outside
the AfroCentric Group are recognising this ability. The
investments made in the past in IT and clinical research and
development of systems will start reaping benefits in the
financial years to come.
I would like to conclude by thanking my colleagues in
the Group Finance team for their support and dedication
through the various transactions concluded. Their value
adding support to the operational business has contributed
to the Group being more cost effective and agile enough for
growth opportunities.
Hannes Boonzaaier
Chief Financial Officer