| 1 |
During the 2016 year, AfroCentric Health Proprietary Limited (a subsidiary of AfroCentric Investment Corporation Limited), bought back
the remaining minority shareholding for R3.7 per share. The total amount paid for the minority buyout amounted to 122 million of which
R46.8 million relates to the minority interest and R75.2 million which was recognised directly in equity |
| 2 |
During the 2016 year AfroCentric Health Limited had purchased an additional 22% shareholding in Klinikka Proprietary Limited,
increasing its shareholding from 70% to 92%. |
| 3 |
During the 2016 year Sanlam Life Insurance Limited (“Sanlam”) acquired a 28.7% shareholding in ACT Healthcare Assets Proprietary
Limited, a directly held subsidiary in AfroCentric Investment Corporation Limited. As the transaction with Sanlam does not result in a loss
of control of ACT Healthcare Assets Proprietary Limited, the transaction will be regarded as an equity transaction resulting in Sanlam’s
non-controlling interest portion of R456 million being recognised on the transaction date. The profit portion relating to the transaction is
recognised directly in equity amounting to R246 million. |
| 4 |
The subsidiary with a material non-controlling interest is the ACT Healthcare Assets (“AHA”) Group. AfroCentric Investment Corporation
Limited owns 71.3% of AHA Group. The share of profit that relates to the non-controlling interest is R90.2 million. |