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Performance summary for the year
1
About this report
2
CHAIRPERSON’S REPORT
4
ORGANISATIONAL OVERVIEW
9
Profile
10
Investment case
14
Company history
16
Group structure
18
Our footprint
19
HOW WE CREATE VALUE
21
Business model
22
Materiality
26
Stakeholder engagement
36
Strategy
42
GROUP CEO’S REPORT
47
PERFORMANCE
53
Group CFO’s report
54
Results at a glance
57
OPERATIONAL REVIEWS
61
Medscheme South Africa
62
Pharmacy Direct, Curasana and Activo Health
66
Aid for Aids
69
AfroCentric Health Solutions
71
Allegra
73
Klinikka
76
Wellness Odyssey
78
Helios IT Solutions
79
GOVERNANCE
83
Board of Directors
84
Corporate governance report
88
Board committees and attendance
92
Remuneration Committee report
96
Our social impact
104
SHAREHOLDER INFORMATION
115
Financial calendar
116
Notice of Annual General Meeting
117
Annexure A – Salient features of the
AfroCentric Group Long-Term Incentive Plan
128
Glossary
134
Form of proxy
135
Appendix – Extract from section 58 of the
Companies Act
137
Administration and contact information
139
CONTENTS
NAVIGATION
The following icons are used for reference purposes:
The following icons illustrate the integration between AfroCentric’s
strategic objectives and relevant elements:
Website
Page reference
Group Annual
Financial Statements
Enhance
shareholder value
Maximise growth
opportunities
Improve efficiencies
through cost
consciousness
Reduce the cost
of healthcare
Promote transformation
Diversify revenue
sources
Deliver exceptional
client service
Uplift our people