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AFROCENTRIC INVESTMENT CORP LIMITED - APPOINTMENT OF CHIEF EXECUTIVE OFFICER

Release Date: 16/03/2016 15:27
Code(s): ACT     PDF:  
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APPOINTMENT OF CHIEF EXECUTIVE OFFICER

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”)


APPOINTMENT OF CHIEF EXECUTIVE OFFICER (“CEO”)

Shareholders of AfroCentric (“Shareholders”) are referred to the announcement published on SENS
on 8 December 2015 wherein the Company advised that Mr Dewald Dempers had stepped down as
CEO of the Company, and that the role would temporarily be filled by the Non-Executive Chairman,
Dr. Anna Mokgokong while the Company finalised the appointment of a new CEO.

Shareholders are now advised that, in compliance with the JSE Limited Listings Requirements, the
Board of AfroCentric (“the Board”) is pleased to announce that Mr Antoine Vorster van Buuren has
been appointed as CEO of the Company with effect from 16 March 2016.

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.

The Board welcomes Antoine and wishes him well on his new appointment.

Johannesburg
16 March 2016

Sponsor:
Sasfin Capital (A division of Sasfin Bank Limited)

Date: 16/03/2016 03:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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