| “ACT” |
AfroCentric Investment Corporation Limited |
| “AfroCentric” or “ the Company” |
AfroCentric Investment Corporation Limited – the Group holding company |
| “AGM” |
Annual General Meeting |
| “AHA” |
ACT Healthcare Assets (Pty) Ltd |
| “AHL” |
AfroCentric Health (Pty) Limited |
| “B-BBEE” |
Broad-based Black Economic Empowerment |
| “CEO” |
Chief Executive Officer |
| “CFO” |
Chief Financial Officer |
| “CMS” |
Council of Medical Schemes |
| “COID” |
Compensation of Occupational Injuries and Disease |
| “CSI” |
Corporate Social Investment |
| “DBC” |
Documentation based care |
| “ED” |
Enterprise Development |
| “ERMF” |
Enterprise Risk Management Framework |
| “ICT” |
Information and Communications Technology |
| “IFM” |
Insurance Fraud Manager from FICO |
| “IFRS” |
International Financial Reporting Standards |
| “IIRC” |
International Integrated Reporting Council |
| “JSE” |
JSE Limited |
| “King III” |
King Report of Corporate Governance of South Africa 2009 |
| “LGRC” |
Legal, Governance, Risk and Compliance |
| “MCC” |
Medicines Control Council |
| “MD” |
Managing Director |
| “MOI” |
Memorandum of Incorporation which comprises the Company’s existing memorandum of association and its articles of association |
| “NEHAWU” |
National Education Health and Allied Workers Union |
| “NHI” |
National Health Insurance |
| “SADC” |
Southern African Development Community |
| “Sanlam” |
Sanlam Life Insurance Limited |
| “SED” |
Socio-economic development |
| “the Board” |
The Board of Directors of AfroCentric Investment Corporation Limited |
| “the Companies Act” |
The Companies Act (Act No 71 of 2008) |
| “the current period” |
The year ended 30 June 2016 |
| “the current year” |
The year ended 30 June 2016 |
| “the Group” |
AfroCentric Investment Corporation Limited, its subsidiaries and associates |
| “the previous year” or “the prior year” |
The year ended 30 June 2015 |
| “the year” or “the year under review” |
The year ended 30 June 2016 |
| “WAD Acquisition” |
Pharmacy Direct (Pty) Limited, Curasana Wholesaler (Pty) Ltd, 26 % interest in Activo Health (Pty) Ltd |
| “WAD” |
WAD Holdings (Pty) Ltd |
