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Outlook

Outlook information is considered to be that which details the challenges, opportunities and uncertainties we are likely to encounter in pursuing our strategy, as well as the potential implications for our business model and future performance.

Outlook information can be found throughout this report; however, the majority of this information is detailed in the following sections:

Chairman’s review

External environment

Our material matters

Chief Executive Officer’s (CEO’s) review

Our strategy and approach

Chief Financial Officer’s (CFO’s) review

Forward-looking statements

Certain statements in this document may constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could result in the actual performance or achievements of AfroCentric and its subsidiaries being materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Group undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of publication of this report, or to reflect the occurrence of anticipated events. These have not been reviewed or reported on by the Group’s auditors.

Process disclosure and assurance approach

Our integrated reporting process began with the review of the material matters for reporting. Content gathering for the report included engagements across the business and at Board level, as well as drawing from Board and Board committee submissions. We apply a combined assurance approach over the Group’s operations. Therefore, internal controls, management assurance, compliance and internal audit reviews, as well as the services of independent external assurance providers, support the accuracy of the disclosures within our published reports.

In line with their mandate, the Integrated Report is reviewed and recommended to the Board for approval by the Audit and Risk Committee. The Board takes final accountability for the approval of the Group’s external disclosures.

Board approval

The Board acknowledges its responsibility for the integrity of this report. This report provides relevant information to providers of financial capital to enable informed capital allocation decisions while supplying information relevant to our broader stakeholders. The report addresses all material matters, offering a balanced perspective of the Group’s strategy and how it relates to AfroCentric’s ability to create value in the short, medium and long term. The report addresses the use of and effects on the capitals and how the availability of these capitals impacts the Group’s strategy and business model. Furthermore, we believe this report demonstrates how the Group seeks to fulfil its purpose and, in this way, creates sustainable value for all its stakeholders. Our opinion is that this Integrated Report presents a fair and balanced view of AfroCentric’s performance and outlook. We, as the Board, believe that this report has been prepared in accordance with the International Integrated Reporting <IR> Framework.

This report was approved for release on 13 September 2021.