AFROCENTRIC INVESTMENT CORPORATION LIMITED - Change to the board

Change to the board

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
("AfroCentric")


CHANGE TO THE BOARD


Shareholders are referred to the announcement published on SENS on 19 November 2024,
wherein they were informed of the resignation of Mr. Hannes Boonzaaier as Chief Financial
Officer ("CFO") of AfroCentric. The board of directors of AfroCentric ("Board") is pleased to
announce the appointment of Mr. Thato Moloele as CFO designate and executive director of
AfroCentric with effect from 1 January 2025. Mr. Moloele will officially take office as the CFO
with effect from 1 February 2025.

Mr. Moloele, a qualified Chartered Accountant (South Africa), is an experienced finance
professional and a seasoned corporate financier. He has held several senior positions during
his career at Sanlam Limited, the Momentum Group and Deloitte. Whilst his early career was
in auditing, he transitioned to focus on mergers and acquisitions, shaping and executing on
strategic corporate initiatives. Mr. Moloele brings deep expertise in corporate governance
matters and a proven track record in managing complex local and cross-border commercial
transactions.

Mr. Moloele joins from Sanlam Limited, where he served as a Senior Consultant in Corporate
Finance. He holds a Bachelor of Accounting Science (Wits University), a Higher Diploma in
Accounting Science (Wits University) and an MBA from the University of Manchester.

The Board congratulates Mr. Moloele on his appointment and looks forward to his contribution
to the Group going forward.


Johannesburg
02 December 2024

JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited

Date: 02-12-2024 10:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.