AfroCentric Investment Corporation Limited. JSE: ACT

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Background of AfroCentric

  • AfroCentric Investment Corporation Ltd was established in 2008 as a black-owned,
    diversified investment holding company with interests in healthcare. AfroCentric
    shares were subsequently listed for sale in the healthcare sector of the Johannesburg Stock Exchange (JSE). The company was founded by three business heavyweights
    – SABMiller Chairman Meyer Khan, Netcare co-founder Motty Sacks and Bidvest’s Brian Joffe.
  • Through a number of subsidiaries, AfroCentric offers health risk management and
    administration solutions to the healthcare funding industry, as well as a range of
    complementary services for its traditional medical scheme clients. Services in AfroCentric’s portfolio include IT solutions, specialised disease management and transactional switching.
  • Other subsidiaries include courier pharmacy Pharmacy Direct and pharmaceutical wholesaler Curasana, with various other interests in medicine distribution and hospital management. AfroCentric share price has outperformed many of its
    competitors.

AfroCentric Share Growth Driver

  • AfroCentric aims to buy in to businesses with a solid performance history and favourable prospects for growth, with a special focus on actively contributing to community upliftment. The company has a vision of facilitating delivery of sustainable healthcare services, providing practical strategies for expanding medical aid scheme membership and promoting more efficient patient care and treatment.
  • AfroCentric has made a number of key acquisitions which have improved the group’s
    earnings and AfroCentric share price, resulting in greater visibility in heathcare
    markets. In 2015, it also decided to buy strategic alliance with Sanlam, one of South
    Africa’s foremost financial institutions, to expand marketing and distribution. In the
    interests of further diversification, there has also been an extensive focus on channelling investment into countries outside South Africa. The live online stocks chart shows that AfroCentric share price has recorded consistent growth for the past several years, with the company recording good financial data and solid returns for investors who buy the shares.

AfroCentric Investor Tip

  • The Sanlam partnership has resulted in a significant capital injection and opportunities for cross-selling of products, joint product development and the exploration of global opportunities to introduce healthcare funding to new markets. The company has also made a strong bid to buy into the healthcare supply value chain, whilst exploring new opportunities in technology, specialised disease management and other treatment programmes.
  • With a number of recent acquisitions and significant cash outlays locally and abroad,
    shareholders have committed to sacrificing short-term profits for long-term growth in
    the future. The various investments in business development, health intelligence,
    strategy development and innovation is forecast to provide good returns for investors. Investors who purchase AfroCentric shares can therefore expect good returns in the future, once all of the company’s acquisitions start bearing fruit.

AfroCentric Major Shareholders

Golden Pond Trading 175, Community Healthcare Holdings, Community Investment Holdings, AfroCentric Empowerment Trust.
  • Sector

    Consumer Staples

  • Industry

    Consumer Products

  • Sub industry

    Agricultural Producers

How to buy AfroCentric Shares

  • AfroCentric : How to buy AfriCentric Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy AfroCentric shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in AfroCentric and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase AfroCentric shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in AfroCentric.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
  • Buy Shares with Confidence

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