AfroCentric Investment Corporation Limited announced that Group Chief Executive Officer ("CEO"), Antoine van Buuren, has announced his retirement as CEO with effect from 31 March 2019. The company also announced the appointment of Ahmed Banderker has been appointed as the new Group CEO with effect from 1 April 2019. Ahmed, who is a chartered accountant, has served as Chief Executive of Sanlam Strategic Business Development since 2011. He joined the Board in 2015 as a Non-Executive Director and has also served as a Non-Executive Director of Medscheme Holdings (Pty) Limited as well as various AfroCentric Board Committees.