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AfroCentric Investment Corporation Ltd (ACTJ.J)

ACTJ.J on Johannesburg Stock Exchange

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Summary

Name Age Since Current Position

Anna Mokgokong

58 2016 Non-Executive Chairman of the Board

Antoine Vorster van Buuren

2016 Chief Executive Officer

Hannes Boonzaaier

2015 Group Chief Financial Officer, Executive Director

Willem Britz

2015 Executive Director

Ahmed Banderker

2015 Non-Executive Director

Ian Kirk

58 2015 Non-Executive Director

M. Joe Madungandaba

2010 Non-Executive Director

Nkateko Munisi

2015 Non-Executive Director

Joe Appelgryn

2013 Non-Executive Independent Director

Lindani Dhlamini

2015 Non-Executive Independent Director

Jacob Kahn

76 2015 Non-Executive Independent Director

Michael Sacks

2015 Non-Executive Independent Director

Biographies

Name Description

Anna Mokgokong

Dr. Anna Theresa Masamo Mokgokong is the Non-Executive Chairman of the Board of the Company. The former President of the SA Women Entrepreneurs Network ("SAWEN") and the International Women’s Forum of SA ("IWFSA"), she is also a Board member for various listed and unlisted companies in South Africa and abroad. She is one of the founding members and Group Executive Chairperson of Community Investment Holdings, a leading black empowerment company. With a medical degree and Doctorate in Economics, she has served in academia and the public sector and is a much sought-after public speaker with a keen interest in community development as well as Women Empowerment. She has received numerous accolades and acknowledgements both locally and internationally.

Antoine Vorster van Buuren

Mr. Antoine Vorster van Buuren has been appointed as Chief Executive Officer of the Company. Antoine joins the Company as CEO after serving as CEO to the AfroCentric Health Group Limited, a wholly owned subsidiary of AfroCentric since 1 August 2015. Antoine entered the healthcare sector in 2004 when he jointly founded WAD Holdings. He previously served as CEO of WAD subsidiary companies Pharmacy Direct, a courier pharmacy business, and Curasana Wholesalers, a pharmaceutical wholesaler. Prior to founding WAD Holdings, he spent 15 years with Total both in South Africa and internationally, including holding general management positions responsible for logistics and retail. Antoine holds a B.Comm in Accounting from the University of Pretoria and an MBA from the University Of Pretoria Graduate School Of Business.

Hannes Boonzaaier

Mr. Hannes Boonzaaier is Group Chief Financial Officer, Executive Director of the Company. Hannes qualified as a CA (SA) after completing his articles with KPMG in 1999. He then joined the Corporate Finance team at KPMG where he gained experience in valuations, due diligence reviews and commercial structuring of deals. After 3 years in the Corporate Finance environment, he joined the Medscheme group as a financial manager. In 2010 after the AfroCentric purchase of the Lethimvula Group, Hannes was appointed as the General Manager for group financial reporting. His success in leading the financial team and the core business knowledge gained by him resulted in his appointment as CFO from 1 March 2015 for AfroCentric Health Limited, which is the largest subsidiary in AfroCentric.

Willem Britz

Mr. Willem Britz is Executive Director of the Company with effect from 1 August 2015. As one of the founding members of WAD Holdings, Willem Britz is an admitted attorney and has been involved in numerous business ventures ranging from mining to pharmaceutical, financial services, property, telecommunications and the game breeding industry over the past 12 years. He also acted as an advisor to the medical aid industry for several years.

Ahmed Banderker

Mr. Ahmed Banderker is Non-Executive Director of the comapny. he is a Chartered Accountant and the Chief Executive of Strategic Business Development at Sanlam Personal Finance Mr Banderker is responsible inter alia, for running a group of innovative businesses within Sanlam's retail business. He is also responsible for new group venture opportunities which included the transaction with AfroCentric.

Ian Kirk

Mr. Ian M. Kirk is Non-Executive Director of the company. He is a Chartered Accountant, and holds the office of Sanlam Group Chief Executive Officer after the recent retirement of Dr Johan Van Zyl. Ian joined the Sanlam Group in 2006 as Chief Executive of Strategy and Projects, after which he was appointed Chief Executive Officer of Santam in June 2007.

M. Joe Madungandaba

Mr. M. Joe Madungandaba is Non-Executive Director of AfroCentric Investment Corporation Ltd., since June 10, 2010. Having received a Bachelor of Commerce from UNISA and studied at the Cranfield School of Management (UK) and Wharton Business School (USA), he also became a member of the Institute of Commercial and Financial Accountants of Southern Africa. A keen businessman, Joe is also an Independent Non-Executive Director for Distell Group, CEO for Community Investment Holdings and a Board member of Jasco Electronic Holdings. He serves on a number of Boards of companies, both listed and unlisted, locally and internationally. He is a recipient of the Black Management Forum ("BMF") Manager of the Year Award and has helped shape government policy on taxation, reconstruction and development.

Nkateko Munisi

Dr. Nkateko David Munisi serves as Non-Executive Director of the Company, with effect from 7 December 2015. Nkateko is a qualified and practicing medical doctor with extensive experience in the industry having served on numerous committees, boards and panels throughout his career. He is amongst other things currently the chairman of the medical panel at the Eskom Pension and Provident Fund and the Public Investment Corporation representative in the healthcare infrastructure fund, RH Managers where he currently serves as chairman of the advisory committee. Nkateko is a Director and the current chairman of Golden Pond Trading 175 (Pty) Limited, a joint venture company between SGH and Community Healthcare Holdings (Pty) Limited who are material shareholders in AfroCentric.

Joe Appelgryn

Mr. Joe Appelgryn is Non-Executive Independent Director of AfroCentric Investment Corporation Ltd. Joe Appelgryn is a Chartered Accountant, having served articles at Ernst & Young, with experience in transaction advisory, capital raising and business and project appraisals. He founded Sinergi Corporate Advisors and has since raised more than R2 billion in funding for his clients and has led transactions for a range of businesses. His experience spans a range of industries focusing on Healthcare and Wood & Paper industries. Prior to Sinergi, Joe worked at the Industrial Development Corporation of SA Ltd ("IDC") for 8 years where he was active in the Wood & Paper Business Unit and in the establishment of the Healthcare & Education Business Unit. He has served on a number of boards and as Acting Chairman, Vice-chairman and Trustee of Resolution Health Medical Scheme ("RHMS"). He was also member of RHMS’s Audit and Risk Management Committees.

Lindani Dhlamini

Ms. Lindani Dhlamini is Non-Executive Independent Director of the Company. Lindani is a chartered accountant with over 20 years of experience. She is the co-founder and the Chief Executive Officer of SekelaXabiso as well as the Chairperson of SkX Financial Services.

Jacob Kahn

Mr. J. Meyer Kahn serves as Non-Executive Independent Director of AfroCentric Investment Corporation Ltd. Meyer is currently an Independent Non- Executive Director on the Comair Limited Board and Chairman of the Risk Committee for Network Healthcare Holdings. In 2012, he retired as Executive Chairman from SABMiller after a 46 year career within the Group. Meyer has served on the Boards of 16 listed companies, as a trustee of numerous organisations and is a past-president of The South Africa Foundation. He has received a number of awards, amongst others, one of the five Top Businessmen (1983), Marketing Man of the Year (1987), Business Manager of the Year (1990), the Award for Business Excellence from Wits and has been honoured by the University of Pretoria as Professor Extraordinaire by way of an honorary doctorate in Commerce.

Michael Sacks

Mr. Michael I. Sacks serves as Non-Executive Independent Director of AfroCentric Investment Corporation Ltd. Motty is a qualified Chartered Accountant with an esteemed career in business. He was the co-founder of Netcare Limited and served as Chairman of the Board for 15 years until his retirement in 2011. Motty was also a co-founder of Net 1 (Aplitec Limited) and also served as its Non-executive Chairman. Motty has served as a Nonexecutive Director on several listed institutions, including being the Non-executive Chairman of Advtech Limited, South Africa's largest private education institution. Motty has also served as a Director of the International Association of Political Consultants, of which he has been a member since 1983. He is actively involved in black economic empowerment initiatives and serves on numerous committees and trusts dedicated to supporting these objectives.