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AfroCentric Group's Overview

Total employees2346
HeadquartersJohannesburg
Founded2008

AfroCentric Investment Corporation Limited (AfroCentric Group) is a Black-owned, JSE-listed investment holding company with a primary focus on the healthcare and complementary financial services sectors. Its portfolio includes prominent South African entities like Medscheme, an administrator of medical schemes, and pharmaceutical businesses such as Activo Health and Pharmacy Direct. The group aims to enhance access to quality healthcare and financial services, driving transformation and sustainable value for its stakeholders across Africa.

Where is AfroCentric Group's Headquarters?

AfroCentric Group officeAfroCentric Group officeAfroCentric Group officeAfroCentric Group office
*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as the corporate center for strategic oversight, financial management, investment decisions, and governance for all Afrocentric Group subsidiaries and operations.

Notable Features:

Modern corporate office facilities located in a key commercial district, designed to support efficient operations and collaboration among its various divisions.

Work Culture:

The work culture at Afrocentric Group's headquarters is characterized by professionalism, a strong focus on ethical conduct, innovation in healthcare solutions, and a commitment to transformation and empowerment within South Africa.

HQ Significance:

The Johannesburg headquarters is pivotal for Afrocentric Group's operations, placing it in South Africa's economic heartland, facilitating engagement with key industry stakeholders, regulatory bodies, and the financial community. It's central to managing its JSE-listed status.

Values Reflected in HQ: The headquarters reflects values of excellence, integrity, accountability, and a commitment to contributing to the well-being of the communities it serves through its healthcare and financial services focus.

Location:

Afrocentric Group's primary operational presence is in South Africa, where most of its subsidiaries are based and conduct their core business. The group also has a presence in other African countries, including Botswana, Namibia, Eswatini, Kenya, and Zimbabwe, primarily through its Medscheme subsidiary and associated healthcare administration services. Their strategy includes exploring further expansion opportunities across the African continent.

Street Address:

37 Killarney Road, Killarney

City:

Johannesburg

State/Province:

Gauteng

Country:

South Africa

AfroCentric Group's Global Presence

Various, South Africa

Address: Multiple locations through subsidiaries like Medscheme, Activo Health, and Pharmacy Direct.

These locations support the direct delivery of healthcare administration, pharmaceutical distribution, and related services to clients and members across South Africa.

Gaborone, Botswana

Address: Medscheme Botswana offices

Serves the Botswanan market with localized healthcare administration solutions, adapting the group's expertise to regional needs.

Buying Intent Signals for AfroCentric Group

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of AfroCentric Group

As of April 2025, AfroCentric Group' leadership includes:

Ahmed Banderker - Group Chief Executive Officer
Hannes Boonzaaier - Group Chief Financial Officer
Gerald van Wyk - Group Chief Operations Officer
Avsharn Bachoo - Group Chief Risk & Compliance Officer
Tebogo Makgatho - Group Chief People Officer

Investors of AfroCentric Group

AfroCentric Group has been backed by several prominent investors over the years, including:

Public Investment Corporation (PIC)
Sanlam Investment Management
Other institutional investors
Retail investors via the Johannesburg Stock Exchange (JSE: ACT)

Executive New Hires/Exits in the Last 12 Months

Hire0
Exits0

Afrocentric Group has maintained a relatively stable executive team over the past year, with a focus on strategic execution. No major high-profile executive hires or exits have been widely publicized in the last 12 months, indicating continuity in leadership.

Technology (Tech Stack) used by AfroCentric Group

Discover the tools AfroCentric Group uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

AfroCentric Group Email Formats and Examples

Afrocentric Group and its subsidiaries like Medscheme commonly use professional email formats. The most prevalent format typically combines the first initial and last name, or full first name and last name, with the company domain.

[firstinitial][lastname]@afrocentric.za.com or [firstname].[lastname]@afrocentric.za.com. For subsidiaries like Medscheme, it would be @medscheme.co.za

Format

abanderker@afrocentric.za.com or ahmed.banderker@afrocentric.za.com

Example

80%

Success rate

News and media

Afrocentric Group Website / SENSFebruary 28, 2024

Afrocentric Group Interim Results for the six months ended 31 December 2023

Afrocentric Group announced its interim financial results, highlighting revenue growth and performance across its healthcare and pharmaceutical divisions. The company reported a 7.5% increase in Group revenue to R5.1 billion and a 12.9% rise in profit after tax to R326.9 million. The results underscored the resilience of its business model despite challenging economic conditions....more

Afrocentric Group Website / SENSSeptember 20, 2023

Afrocentric Group Audited Results for the year ended 30 June 2023

Afrocentric Group released its audited financial results for the year ended June 30, 2023. The company showcased steady performance, emphasizing growth in its services division and expansion initiatives. Key highlights included increased membership in administered medical schemes and growth in pharmaceutical distribution....more

Engineering NewsAugust 1, 2023

AfroCentric welcomes Competition Commission market inquiry report into fresh produce market

While not directly related to its core healthcare business, AfroCentric, through its subsidiary Chef Direct (part of the Services cluster), commented on the Competition Commission's Fresh Produce Market Inquiry report, indicating its interest in fair market practices that could impact its food services operations linked to institutional catering....more

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