AfroCentric
Holding Companies & Conglomerates · South Africa · 5K - 10K Employees
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Overview
Headquarters
37 Conrad St, Roodepoort, Gauteng, 1709,...Phone Number
+27 116712000Website
afrocentric.za.comRevenue
$495.9 MillionStock Symbol
ACT.JOIndustry
ZI Rank: 3
Signal Type
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ZI Rank
2
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3
About AfroCentric
AfroCentric Investment Corporation Limited is a Black-owned investment holding company headquartered in Roodepoort, Gauteng, South Africa, and listed on the Johannesburg Stock Exchange. Founded in 2008, AfroCentric is recognized as the most diversified healthcare company in Southern Africa, operating across three primary business clusters: Health Administration and Managed Care, Pharmaceutical Solutions, and Corporate Solutions. The Group's subsidiaries include Medscheme, South Africa's largest health risk management provider and a leading medical scheme administrator serving clients such as Bonitas, Fedhealth, GEMS, and Polmed, as well as Pharmacy Direct, the country's largest specialist courier pharmacy. Additional subsidiaries span pharmaceutical manufacturing, dental managed care, wellness, and occupational health services. AfroCentric holds a Level 1 B-BBEE rating and operates across four sub-Saharan African countries, with Sanlam Life Insurance Limited holding a controlling stakeRead more
AfroCentric Org Chart
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Company Profile Activity
Activity Insights
AfroCentric is experiencing very low activity levels compared to other companies in the Holding Companies & Conglomerates sector.
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AfroCentric is drawing exceptional interest within the Holding Companies & Conglomerates industry, suggesting notable developments or strong market momentum, learn more about AfroCentric.
AfroCentric Tech Stack
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Most Recent Scoops
Award
AfroCentric has been recognized as the top medical aid scheme for excellence in customer experience in the Ask Afrika Orange Index twice in 2024 and again in 2025. The company maintained service levels at over 80% customer effort scores under complex delivery conditions, including multi-provider complexities, with no single SLA breach over this period.
Customer Service, Customer Experience
Project
AfroCentric has announced a structured turnaround program in response to the Bonitas outcome, built on four pillars: cost reset, stabilization, a reorganized operating model, and portfolio simplification. The program has an explicit objective of reaching breakeven by 2027.
Corporate Strategy, Finance, Financial Operations
Project
AfroCentric is redesigning its entire cost base and operating model, which were built for larger scale. The company cannot merely shrink what it has due to significant stranded costs, and must reorganize how it services clients going forward, as the entire enablement and support infrastructure sits above the operating business.
Corporate Strategy, Finance, Financial Operations, Operations
Pain Point
AfroCentric has sought interdictory relief related to the Bonitas RFP, requesting an order directing Bonitas from taking further steps to negotiate, finalize, or implement the RFP pending the outcome of the Council for Medical Schemes forensic investigation. The relief is sought following persisting media reporting on allegations of improper procurement processes at Bonitas, which prompted the CMS to initiate a Section 44 investigation into the affairs of the scheme.
Compliance, Lawsuits, Legal Affairs, Governmental Affairs & Regulation, Regulations
Earnings
Customer Retention & Development
AfroCentric News & Media
AfroCentric Investment (JSE:ACT) shareholders have endured a 1.4% loss from investing in the stock five years ago
The main aim of stock picking is to find the market-beating stocks. But in any portfolio, there will be mixed results...Private companies own 30% of AfroCentric Investment Corporation Limited (JSE:ACT) shares but retail investors control 41% of the company
Key Insights Significant control over AfroCentric Investment by retail investors implies that the general public has...AfroCentric Investment Insider Ups Holding During Year \
Viewing insider transactions for AfroCentric Investment Corporation Limited's ( JSE:ACT ) over the last year, we see...Earnings Not Telling The Story For AfroCentric Investment Corporation Limited (JSE:ACT) After Shares Rise 32%
AfroCentric Investment Corporation Limited ( JSE:ACT ) shareholders would be excited to see that the share price has...
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Frequently Asked Questions Regarding AfroCentric
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AfroCentric Investment Corporation Limited is a Black-owned investment holding company headquartered in Roodepoort, Gauteng, South Africa, and listed on the Johannesburg Stock Exchange. Founded in 2008, AfroCentric is recognized as the most diversified healthcare company in Southern Africa, operating across three primary business clusters: Health A... Read More
