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Last 614.00
Change Today -2.00 / -0.32%
Volume 13.7K
ACT On Other Exchanges
As of 5:12 AM 03/31/15 All times are local (Market data is delayed by at least 15 minutes).

afrocentric investment corpo (ACT) Snapshot

Previous Close
Day High
Day Low
52 Week High
03/19/15 - $640.00
52 Week Low
06/10/14 - $395.00
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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afrocentric investment corpo (ACT) Details

AfroCentric Investment Corporation Limited, an investment holding company, operates in healthcare fund management sector in South Africa. The company offers medical scheme administration products and services, including claims assessing, broker management and commissions, national branch network, healthcare provider administration, scheme contribution collections, member query management, and fund management services. It also provides health risk management services, such as hospital benefit management, medicine benefit management, disease management, network management, dental benefit management, and scheme management support services. In addition, the company offers and licenses ICT solutions, including Nexus and UMS, an integrated health administration and managed care system, as well as provides network support and Website hosting services; and provides a platform for critical patient information management. Further, it provides solutions for the management of HIV/AIDS treatments for medical aids and corporate clients. Additionally, the company offers various services to health insurance companies, including medical coding of claims, data transcription, claim adjudication, call center, network management, software development and support, and pre-authorization and guarantee of payment for inpatient claims; and financing services. AfroCentric Investment Corporation Limited was founded in 2006 and is headquartered in Roodepoort, South Africa.

3,524 Employees
Last Reported Date: 12/16/14
Founded in 2006

afrocentric investment corpo (ACT) Top Compensated Officers

Group Chief Executive, Executive Director and...
Total Annual Compensation: R4.5M
Chief Financial Officer, Financial Director a...
Total Annual Compensation: R3.0M
Executive Officer
Total Annual Compensation: R4.2M
Executive Officer
Total Annual Compensation: R3.1M
Compensation as of Fiscal Year 2014.

afrocentric investment corpo (ACT) Key Developments

Afrocentric Investment Corporation Limited Appoints Shireen Lutchan as Group Company Secretary

Afrocentric Investment Corporation Limited announced that Ms Shireen Lutchan has been appointed as the Group Company Secretary with effect from 1 March 2015.

Afrocentric Investment Corp Limited Announces Resignation of Wilbert Mhlanga as Company Secretary

Afrocentric Investment Corp. Limited announced that Mr. Wilbert Mhlanga has resigned as Company Secretary with effect from 31 January 2015.

Afrocentric Investment Corp., Annual General Meeting, Jan 21, 2015

Afrocentric Investment Corp., Annual General Meeting, Jan 21, 2015., at 10:00 South Africa Standard Time. Location: The Bonitas Marketing Company Offices. Agenda: To consider the re-election of non-executive directors; to consider the re-appointment of members of the audit and risk committee; to consider the re-appointment of joint external auditors and designated auditors; to consider the authority of directors and/or company secretary to sign documents; to consider the general authority to issue ordinary shares, and to sell treasury shares for cash; to consider the endorsement of the remuneration policy; to consider the approval of non-executive director’s remuneration; to consider the general approval to repurchase shares; and to consider the Inter-company loans and other financial assistance.


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