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BLUE LABEL INTEGRATED ANNUAL REPORT 2015
GLOSSARY
CONTINUED
Word
Definition
developing economies
A term generally used to describe a nation with a low level of material
wellbeing (not to be confused with third-world countries). Since no single
definition of the term “developed country” is recognised internationally,
the levels of development may vary widely within so called developing
countries, with some developing countries having high average standards
of living
disintermediation
Reduction in the use of intermediaries between network operators and
consumers
distribution channels
For Blue Label, our distribution channels include retail and wholesale
outlets, petroleum forecourts, informal retail outlets, individual
merchants/entrepreneurs, corporates and independents (Mom & Pop
stores)
DTH (TV)
Direct-to-home television, a method of receiving satellite television
services
dti
Department of Trade and Industry
EBITDA
Earnings before interest, taxes, depreciation and amortisation
ECNS/ECS
Electronic Communications 2005, Act, section 5(4) states:
•
•
Electronics Communications Network Services (ECNS).
•
•
Electronics Communications Services (ECS).
ECNS and ECS that require a class licence include but are not limited to:
•
•
electronic communication networks of district municipality or local
municipal scope operated for commercial purposes;
•
•
community broadcasting and low power services whether provided
free to air or by subscriptions; and
•
•
such other services as may be prescribed, that the authority finds do
not have significant impact on socio-economic development.
EEC
Employment Equity Committee, which reports to the Social, Ethics and
Transformation Committee
EFT
Electronic funds transfer
EMV compliant
The global standard for inter-operability of chip cards, POS terminals and
automatic teller machines, in accepting Eurocard, Mastercard and Visa
Card.
emerging economies
Nations with social or business activity in the process of rapid growth and
industrialisation
e-tokens
Electronic tokens – a form of electronic cash used for secure transactions
EVMS
Electronic voucher management system
Exco
Executive Committee
FAQ
Frequently asked question
FD
Financial Director
FIDS
Forensic Intelligence Data Solutions Proprietary Limited
FMCG
Fast-moving consumer goods
GPS
Global positioning system
GRI
Global Reporting Initiative. Established in 1997, with the mission of
designing globally applicable guidelines for the preparation of enterprise-
level, sustainable development reports
Group
Blue Label Telecoms Limited and its subsidiaries, associates and joint
ventures