ABOUT AFROCENTRIC

AfroCentric Group (the Group or the Company) is a Broad-Based Black Economic Empowerment (B-BBEE) level 1 investment holding company listed on the Johannesburg Stock Exchange (JSE). The Group owns and operates diverse healthcare-related enterprises that provide specialised medical scheme administration and deliver healthcare products and services to the public and private healthcare sectors. Sanlam Life Insurance Limited holds a controlling stake in the AfroCentric Group, fostering synergies and creating opportunities for both entities.

The principal objective of the Group is to ensure the delivery of efficient health management services and the distribution of quality products – all at a manageable and affordable cost for the benefit of its stakeholders.

AfroCentric has successfully broadened its interests in the industry by continuing to pursue new opportunities to expand and rationalise its presence across the healthcare sector.

ECONOMIC

4.0 million

LIVES UNDER OUR MANAGEMENT

(2023: 3.9 million lives)

0.4%

REVENUE INCREASE

(2023: 2.0%)

0.8%

INCREASE IN OPERATING PROFIT

(2023: 23.6% decrease)

1.9%*

RETURN ON EQUITY

(Restated 2023: 8.7%)

* 9.0%, excluding impairment of goodwill.

SOCIAL

Level 1

B-BBEE STATUS

(2023: Level 1)

CLIENT MEDICAL SCHEMES IN SOUTHERN AFRICA

(2023: 15 client medical schemes)

5 944

EMPLOYEES

(2023: 5 867 employees)

ENVIRONMENTAL^#

30 573 kl

IN WATER CONSUMPTION

(2023: 31 751 kl)

6 035 MWh

IN ELECTRICITY CONSUMPTION

(2023: 7 803 MWh)

166 810 litres

OF DIESEL (USED IN GENERATORS)

(2023: 290 497 litres)

^#	The environmental data relates to Medscheme, not the Group as a whole.

GOVERNANCE

THE DIVERSE BACKGROUNDS AND EXTENSIVE EXPERIENCE OF OUR BOARD ENHANCE OUR CAPABILITY TO NAVIGATE THE CONSTANTLY EVOLVING OPERATING ENVIRONMENT REFER TO CORPORATE GOVERNANCE REPORT

AFROCENTRIC INTEGRATES ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) FACTORS INTO PERFORMANCE METRICS