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Changes to the board
AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1988/000570/06)
JSE Code: ACT
ISIN: ZAE000078416
(“AfroCentric” or “the Company” or “the Group”)
CHANGES TO THE BOARD
In compliance with Rule 3.59 of the JSE Limited Listings Requirements, the Company wishes to
make the following announcement.
The board of directors of AfroCentric (“the Board”) announces that Mr Wallace Holmes, who has
reached the mandatory retirement age, has retired as the Group Chief Financial Officer (“CFO”)
with effect from 1 August 2015.
The Chairman and the Board wish to thank Wallace for his valued contribution to the Company
during his tenure on the Board and wish him well going forward.
Mr Hannes Boonzaaier has been appointed as an Executive Director and Group CFO with effect
from 1 August 2015.
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.
Mr Willem Britz has been appointed as an 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.
The Chairman and the Board wish to welcome Hannes and Willem to the Board and know that
they will make a positive contribution to the ongoing success of the Company.
Johannesburg
31 July 2015
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
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