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INTEGRATED REPORT 2017
REGULATORY COMPLIANCE
LOSS OF CRITICAL
SKILLS/EMPLOYEES
PROJECT RISKS
Compliance affects our right to
do business.
The experienced and skilled employees
that AfroCentric depends on, particularly
in the actuarial, IT and specialist medical
fields, are highly sought after locally and
internationally.
We aim to retain our employees and the
intellectual capital vested in
the business.
The Group is running a number of
projects such as the AfroCentric and
Sanlam partnership. It is imperative that
the Group ensures:
• an integrated approach on financial
and distribution activities;
• the appointment of vendors with
domain knowledge as well as
adequate project management
resources and skills; and
• good governance.
Regulatory non-compliance will lead
to loss of our accreditation, impeding
our ability to do business. This will
negatively impact on revenue
and profitability.
Skills shortages make hiring and
retaining the right employees more
expensive.
Poor governance and quality of
resources may cause budget overruns
and erosion of the contract value.
Ongoing engagement with regulatory
bodies on proposed regulation and
legislation.
The Group’s increased investment in
human capital, and its empowerment
credentials makes it increasingly
attractive to black professionals.
Integrated service offerings within Africa.
• Regulators
• Our clients – medical schemes
• AfroCentric employees
• Suppliers
• Regulators
• Our clients – medical schemes
Maximise growth opportunities
Promote transformation
Deliver exceptional
client service
Uplift our people
Improve efficiencies through
cost consciousness
Diversify revenue sources
Maximise growth opportunities
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