Subsequent to the financial year-end, the following material events occurred, brief details of which are as follows:

Purchase of Wellness Odyssey

On 1 July 2017 (“effective date”) AfroCentric concluded agreements governing the acquisition of 100% of Wellness Odyssey Proprietary Limited. Wellness Odyssey is a service provider for corporate wellness days – raising awareness and enhancing preventative care to the advantage of the medical scheme, employer groups and participating members (refer to Note 4 for further information).