Afrocentric holds a majority equity stake in Afrocentric Health Limited (formerly known as Lethimvula Investments Limited (“AHL”)), and continues to engage with AHL shareholders who offer their AHL shares for sale.
AHL owns 100% of the shareholding in the following companies :
Medscheme Holdings (Pty) Ltd
Medscheme is a multi-medical aid scheme administrator. The company is the largest health risk management services provider and the third largest medical scheme administrator in South Africa. Their focus is to achieve sustainability through innovation, effective health risk management, complemented by careful control over healthcare costs and a relentless drive for operational efficiency.
Medscheme operates within 3 separate silos, those being Medscheme South Africa, Afrocentric Health Solutions and Medscheme International. Although Medscheme is essentially a South African enterprise, the company has a meaningful presence in various countries and is exploring several opportunities for further international expansion.
Helios IT Solutions (Pty) Ltd
Helios provides health-centric technology solutions. Started in 2009 when the main administrative system of Medscheme, Nexus, was transferred to Helios. The rationale for this was a long-term strategy to have a standalone, separately branded company in the Afrocentric Group which could be sold/outsourced to external administration clients as well as support the Afrocentric Group.
Aid for Aids Management (Pty) Ltd
Specialising in aids-related treatments and programmes this business has established itself as a world leader in providing assistance to help business care and medical scheme manage individuals living with HIV/AIDS.
Afrocentric holds a minority interest in the JSE listed Jasco Electronics Holdings Limited (“Jasco”).
Jasco provides solutions, services and products to customers through three core divisions : Information and Communication Technologies (“ICT”), Industry Solutions (“Industry”) and Energy Solutions (“Energy”).
Malesela Taihan Electric Cable (Pty) Ltd is a leading manufacturer and distributor of fibre optic cable with a wide range of power and telecom cable , serving inter alia the infrastructural development demands in the South African and African continental markets.
Afrocentric has an exploration and prospecting relationship with Rio Tinto Plc (“Rio Tinto”), in terms of the Reciprocal Strategic Co-Operation Agreement (“RCSA”). In terms of the RCSA, Rio Tinto is obliged to offer Afrocentric participation in all new start up opportunities which are approved by Rio Tinto for research and exploration.
Rio Tinto Plc is a London listed public company headquartered in the UK and together with Rio Tinto Limited forms the Rio Tinto Group.
Rio Tinto is a world leader in finding, mining and processing the earth’s mineral resources.