Glossary


ADS AfroCentric Distribution Services
ACT AfroCentric Investment Corporation Limited
AFS Annual Financial Statements
AGM Annual General Meeting
AHL AfroCentric Health (RF) (Pty) Ltd
AI Artificial intelligence
ARM Alternative reimbursement models
B-BBEE Broad-Based Black Economic Empowerment
BEE Black Economic Empowerment
CAGR Compound annual growth rate
CAPEX Capital expenditure
CCMDD Central Chronic Medicine Dispensing and Distribution
CEO Chief Executive Officer
CFO Chief Financial Officer
CIO Chief Information Officer
CMS Council for Medical Schemes
CTC Cost to Company
DBC Document-based care
DoH Department of Health
EE Employment equity
FWA Fraud, waste and abuse
GP General practitioner
HBM Hospital Benefit Management
HMI Health Market Inquiry
IFM Insurance Fraud Manager
IFRS International Financial Reporting Standards
IR Integrated Report
IT Information technology
JSE Johannesburg Stock Exchange
KPI Key performance indicator
LCBO Low-cost benefit options
MDT Multi-disciplinary team
MSA Medical Scheme Amendment
NDoH National Department of Health
NHI National Health Insurance
NICD National Institute for Communicable Diseases
PHA Private Healthcare Administrators
PPE Personal protective equipment
RPA Robotic process automation
SETA Sector Education and Training Authority
UMA Underwriting Management Agent
WHO World Health Organization