About AfroCentric

AfroCentric Group (the Group) is a Broad- Based Black Economic Empowerment (B-BBEE) level 1 investment holding company listed on the Johannesburg Stock Exchange (JSE). The Group is focused on advancing access to affordable healthcare across Southern Africa. Through a diversified portfolio of supsidiaries, the Group delivers integrated health management solutions, including medical scheme administration, managed care, medicine provision, wellness services and digital health innovations.

The Group operates across public and private sector environments and remains focused on strengthening operational execution, leveraging technology and clinical innovation, and building partnerships that support inclusive, valuebased healthcare.

Sanlam Life Insurance Limited holds a controlling stake in the AfroCentric Group, fostering synergies and creating opportunities for both entities.

Chairman’s review

AfroCentric operates at the intersection of healthcare need, system reform and long-term stewardship. As pressures on affordability, access and outcomes continue to intensify, the Group remains focused on shaping a healthcare ecosystem that is resilient, inclusive and capable of delivering sustainable value over time.

CEO’s review

The year under review demanded clarity of purpose, resilience in execution and disciplined leadership. Guided by Vision 2030, we remained focused on transforming healthcare by expanding access, improving affordability and delivering better outcomes through integrated, value-driven care. We moved decisively from strategy to execution, making deliberate and at times difficult choices to strengthen the business’s foundations for long-term sustainability.

CFO’s review

The year under review unfolded against a challenging healthcare market backdrop, both locally and abroad. The South African healthcare market continues to operate under sustained pressure, characterised by elevated medical inflation, constrained scheme affordability, regulatory complexity, heightened public scrutiny on cost efficiency across the healthcare value chain, and modest overall membership growth.

Who we are

AfroCentric is a B-BBEE level 1 JSE-listed investment holding company providing services and products to the healthcare sector. The Group was founded in 2008 on the core philosophy of promoting transformation and empowerment.

What we do

We increase access to sustainable, affordable and quality healthcare through our operating supsidiaries by providing health administration, health risk management, and a range of complementary solutions to our medical scheme clients and their members across the healthcare value chain.

A primary lever in our growth strategy is building a winning health offering in partnership with Sanlam.

Why we exist

Our purpose

Enhancing the quality of life of our stakeholders.

Where we are going

Our vision

Transforming healthcare.

How we will get there

Our mission

To innovate a new integrated model of sustainable healthcare that measurably improves access to quality healthcare.

What it will require of us

Our values

Integrity
Collaboration
Innovation
Care

Where we operate

We operate in four Southern African countries.