Login:



Main menu

Team

Gerald van Wyk

Chief Executive Officer


Gerald is the former CEO: Client Solutions for Santam where he was responsible for managing Santam’s direct-to-client value proposition that provides end-to-end digital, telephony and face-to-face distribution and servicing capabilities.

He was also responsible for the overall Marketing function for the group. He previously served as Executive Head: Strategic Business Development where he was responsible for the identification and driving of targeted growth opportunities across the Santam Group of Companies including collaboration with Sanlam.

These business opportunities span across ground up initiatives, acquisitions, joint ventures, and strategic partnerships. His other past experience includes the role of Executive Head: Distribution Services at Discovery Insure where he was also one of the founding executives of Discovery Business Insurance. He has over 18 years of extensive experience in the financial services industry.

He is a past president, and former executive council member, of the Insurance Institute of Gauteng (IIG) and a Fellow of the Insurance Institute of South Africa. And he served as non-executive director on the boards of two Santam Group subsidiary companies [Indwe Broker Holdings (Chairman) & Snyman van der Vyver] and served as non-executive director of Ayo Holdings Limited (an MTN Group subsidiary company in alliance with Sanlam)

Gerald holds the following qualifications:

BCom Risk Management, UNISA;
Senior Management Development Programme, University of Stellenbosch
General Management Program, Harvard Business School
Bongani Madikiza

Bongani Madikiza

Non – Executive Director


Bongani was appointed as the Chief Executive Officer: SA Retail Mass on 01 September 2020.

He has extensive experience in negotiation in both public and private spheres as a result of his trade union work where he was involved in strategy formulation and leading negotiations. Mr Madikiza’s experience in the financial sector began in 1990, when he drove the bancassurance model for Meeg Bank.

Prior to working for Sanlam, he was the Chief Executive Officer (2018 - 2020) and Chief Executive Officer Designate (2017 - 2018) for African Rainbow Life.

Before he started at African Rainbow Life, he held the positions of Chief Executive Officer for Lion of Africa Insurance (2016 - 2017); Managing Director of the Mass Market Cluster (2014 - 2015) and Managing Director of the Corporate Cluster (2010 - 2014) for Old Mutual; Group Social Equity Manager for Sun International (1999 - 2001); and Head of Negotiations for SACCAWU (1993 - 1995).

He holds a Management Advancement Programme from Wits Graduate School, an MBA in Negotiations from the Graduate School of Negotiation and an Advanced Management Program from Harvard Business School.

Avsharn Bachoo

Avsharn Bachoo

Group Technology Director


Avsharn Bachoo is a technology strategist with over two decades of experience as a chief information officer and chief technology officer.

He holds a PhD in systems architecture from the University of the Witwatersrand, a Master's in information systems from the University of the Witwatersrand, a Bachelor of Science Honours at Unisa and a Bachelor of Commerce at the University of Natal.

Aklaaq Mahmood

(BAcc Sci, MBA)
Executive Director: Business Development


Aklaaq Mahmood has more than 18 years’ experience in the healthcare industry. Formerly, he was the Deputy CEO of LA Health Medical Scheme and Principal Officer of ProSano Medical Scheme.

An MBA graduate from the University of Stellenbosch where he received a highest achievement Merit Award for Strategy. Aklaaq began his career in healthcare serving as a trustee on the Board, Audit Committee and Pension Fund of Global Health Medical Scheme.

He has also been a member of various other committees and forums, including Chairperson of the Audit Committee, Risk Committee and Mayoral Performance Evaluation Panel for the City of Cape Town. Aklaaq Mahmood is the director for AfroCentric Group’s Business Development and chairperson of Medscheme Namibia. He is a director for a number of AfroCentric Group subsidiaries. Further responsibilities include the integration of new acquisitions into the Group.

Hannes Boonzaaier

CA (SA)
Group Chief Financial Officer


Hannes Boonzaaier completed his articles with KPMG in 1999. During his tenure with KPMG, he gained experience in valuations, due diligence reviews and commercial structuring of business transactions.

He then joined Medscheme as a Financial Manager and over the past 12 years has been involved with Medscheme and the AfroCentric Group in various client operations.

His success in leading Group Finance along with his knowledge of the business culminated in his appointment as the AfroCentric Group Chief Financial Officer effective 1 August 2015.

Joe Madungandaba

(CPA (SA), MDP)
Non-executive Director


Joe Madungandaba studied Commerce at the University of the North, Cranfield School of Management (UK) and at the Wharton Business School (USA).

He is a member of the Institute of Commercial and Financial Accountants of Southern Africa and is a certified public accountant and tax practitioner.

He is the Group CEO of Community Investment Holdings and is appointed on all its subsidiaries’ Boards. He is also a Non-executive Director of public listed companies Distell, Jasco and AfroCentric.

Fezeka Nompumza

BSc (Hons)

Managing Executive – Clinical Risk and Advisory


Fezeka Nompumza has over 20 years' experience as a professional, manager, executive and leader in financial services and managed care industry.


Fezeka joins the AfroCentric Group from Concor Construction (previously Murray & Roberts Construction), where she held several positions including Senior Executive: Business Development and Stakeholder Engagement, Project Development Executive and Strategic Planning Executive/Manager in the Office of the CEO.

Satish Antony

BComm (Honours) Actuarial Science, University of Stellenbosch MBA (Executive Management), Graduate School of Business, University of Cape Town Fellow of the Institute & Faculty of Actuaries (UK)


Across a distinguished career spanning over 15 years in the financial services industry, Satish has honed a versatile skill set through extensive exposure to and work across financial services markets in Africa and India.

Satish is the former Head of Sanlam Pan Africa’s Motor Insurance division, where he was responsible for executing significant regional partnerships and growing the motor insurance portfolios across East & Southern Africa. He also served on the boards of FBN GI (Nigeria) and Grand-Reinsurance (Zimbabwe) as Sanlam’s representative non-executive director. Following this stint in the Pan-African environment and prior to joining Afrocentric, Satish oversaw strategy development for the Sanlam Group, Africa’s largest non-banking financial services group, where he guided strategic reviews and translated these into actionable initiatives.

As a qualified actuary (FIA UK), Satish holds a robust understanding of insurance and financial principles. Complementing this expertise is his completion of an Executive MBA from the University of Cape Town's Graduate School of Business, a testament to his commitment to continuous learning and leadership development.

His educational background, coupled with his extensive professional journey, underscores his strategic acumen and proficiency in navigating complex financial landscapes, positioning him as an adept leader in the financial services arena.

Back to top