The report highlights AfroCentric's financial performance in 2013, including a 22% increase in revenue and 29% increase in operating profit. The company also finalized the acquisition of AfroCentric Health Limited, a significant transaction that contributed to the growth of the year. The report also includes a detailed discussion of the company's sustainability initiatives, including its commitment to broad-based black economic empowerment (BEE) and its efforts to create a more sustainable healthcare system in South Africa. The report details the AfroCentric Health Solutions division's expansion into international markets, with the acquisition of a health insurance business in Kenya. Finally, the report includes a detailed discussion of the company's corporate governance practices.
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Afrocentric Investment Corporation Limited 2013 Integrated Annual Report
Issuing Company Afrocentric Investment Corporation Limited
Report Type Integrated Report
Report Language EN
Report Filesize 3.29 MB
No. of Pages 101 pages
Reporting periodJune 30, 2012-June 30, 2013
Report EditionUnknown
Assurance Provider Unknown
Reporting Standards GRI; SASB; UNSDGs; others
Materiality Assessmenttrue