GLOSSARY
The following key terms are provided to assist readers in understanding the terminology used within this report.
| Client | Refers to the medical schemes that are AfroCentric's clients. | |
| Members | Refers to the end customer. The members of the various schemes that are AfroCentric's clients. | |
| ACT | AfroCentric Investment Corporation Limited | |
| AfroCentric, the AfroCentric Group, the Company or the Group | AfroCentric Investment Corporation Limited – the Group holding company | |
| AGM | Annual General Meeting | |
| AHA | ACT Healthcare Assets Proprietary Limited | |
| AHL or AfroCentric Health | AfroCentric Health (RF) Proprietary Limited | |
| AHS or AfroCentric Health Solutions | AfroCentric Health Solutions Proprietary Limited | |
| B-BBEE | Broad-based Black Economic Empowerment | |
| CEO | Chief Executive Officer | |
| CFO | Chief Financial Officer | |
| CIS | Clinical Information System | |
| CMS | Council of Medical Schemes | |
| COID | Compensation of Occupational Injuries and Disease | |
| CSI | Corporate Social Investment | |
| DBC | Documentation based care | |
| ED | Enterprise Development | |
| ERM Framework | Enterprise Risk Management Framework | |
| ICCM | Integrated Chronic Care Model | |
| 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 IV | King Report of Corporate Governance of South Africa 2016 | |
| 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 | |
| PoPI | Protection of Personal Information Act | |
| RPA | Robotics process automation | |
| 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 71 of 2008, as amended | |
| the current period | The year ended 30 June 2018 | |
| the current year | The year ended 30 June 2018 | |
| the Group | AfroCentric Investment Corporation Limited, its subsidiaries and associates | |
| the previous year or the prior year | The year ended 30 June 2017 | |
| the year or the year under review | The year ended 30 June 2017 | |
| WAD Acquisition | Pharmacy Direct Proprietary Limited, Curasana Wholesaler Proprietary Limited, 26 % interest in Activo Health Proprietary Limited | |
| WAD | WAD Holdings Proprietary Limited |