Glossary

Word   Definition
2D   Two dimensional space
3D   Three dimensional space
Act/the Act/Companies Act   Companies Act, No 71 of 2008, as amended from time to time
ADRs   American Depository Receipts
AEON   Blue Label’s proprietary switch through which all transactional capability is accessed. Banking grade transactions are switched through the Postilion platform
AEON EVD   The Aeon Electronic Voucher Distribution platform is a central repository in which electronic (or virtual) stock is housed.
It gets referenced by other internal platforms like EVMS, AMS and AEON
APS   Africa Prepaid Services
APSN   Africa Prepaid Services Nigeria
ARCC   Audit, Risk and Compliance Committee
ARPU   Average revenue per user
B2B   Business-to-business, a commercial transaction between businesses
B2C   Business-to-consumer, a commercial transaction between a business and a consumer
badly banked   See underbanked
B-BBEE   Broad-based black economic empowerment
BGCSA   Boys & Girls Club of South Africa
BLD   Blue Label Distribution Proprietary Limited
BLDS   Blue Label Data Solutions Proprietary Limited
BLM   Blue Label Mexico S.A. de C.V.
BLT   Blue Label Telecoms Limited
Blue Label/Blue Label Telecoms   Blue Label Telecoms Limited
bulk printing   Ability to print bulk vouchers
CEO   Chief Executive Officer
CFD   Contract for difference
CIO   Chief Information Officer
CIPC   Companies and Intellectual Property Commission
Company   Blue Label Telecoms Limited
content aggregator   An organisation which gathers web content and applications from different online sources for reuse and resale
COO   Chief Operations Officer
CPA   Consumer Protection Act
CRC   Customer relation consultant
CRM   Customer relationship management
CSA   Cricket South Africa
CSDP   Central Securities Depository Participant
CSI   Corporate social investment
CSR   Corporate social responsibility
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 into 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
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
IBC   Inside back cover
IC   Investment Committee
ICASA   The Independent Communications Authority of South Africa. The regulator for the South African communications sector
ICT   Information and Communications Technology
intelligent transport   Toll roads, bus and train prepaid ticketing
interconnect fees   Charges associated with calls terminated between two different operators (networks)
IP   Intellectual property
IRCC   Internal Risk and Compliance Committee
ISO   Independent Sales Organisation
IT   Information technology
JAVA   A programming language and computing platform
JSE   JSE Limited
JV   Joint venture
King III   The King Report on Governance for South Africa 2009 including the King Code of Governance Principles for South Africa 2009
kiosk   An area, usually within a retail outlet, which is dedicated to transactions for Blue Label products and services
KPA   Key performance area
KPI   Key performance indicator
KPMG   KPMG Services Proprietary Limited
LBS   Location-based services
Listings Requirements   Listings Requirements of the JSE Limited, as amended from time to time
LSM   Living Standards Measure
M&A   Mergers and acquisitions
MMS   Multimedia messaging service
MNO   Mobile network operator, such as Vodacom, MTN and Cell C in South Africa
MOI   Memorandum of Incorporation
money remittances   The ability to transfer money to another individual without a bank account
MTR   Mobile termination rates, as determined by ICASA
MVNO   Mobile virtual network operator
NaaS   Network as a service
NAV   Net asset value
NC   Nomination Committee, part of the Remuneration and Nomination Committee
NERA   National Empowerment Rating Agency
NFC   Near Field Communications is a short range wireless technology that makes use of interacting electromagnetic radio fields instead of the typical direct radio transmissions. It is appropriate for applications where a physical touch, or close to it, is required in order to maintain security
NPCI   National Payments Corporation of India, the national transactions switch
NQF   National Qualifications Framework, the system that records levels of learning activities
OHSA   The Occupational Health and Safety Act, No 85 of 1993
OTA   Over the air
Oxigen/Oxigen India   Oxigen Services (India) Private Limited
PaaS   Platform as a service
pCommerce   Prepaid commerce
parkrun SA   Parkrun Southern Africa Proprietary Limited
physical prepaid airtime   Prepaid vouchers that are available as physical items
PIN   Personal identity number
PINless top-up   E-token recharge directly to mobile phone via a POS device
POP   Points of presence
POPI   Protection of Personal Information Bill
POS   Point of sale, usually a place or a device
PowerPin voucher   Offline prepaid electricity top-up, consolidates the purchase of prepaid electricity across national municipalities
PwC   PricewaterhouseCoopers Inc.
Q&A   Questions and answers
R&D   Research and development
RC   Remuneration Committee, part of the Remuneration and Nomination Committee
RMCS   Retail Mobile Credit Specialists Proprietary Limited
RNC   Remuneration and Nomination Committee
RUIM or R-UIM   Reusable identification module; removable ID chip for cellphones extends the GSM SIM card to CDMA phones and networks
SaaS   Software as a service
SAICA   South African Institute of Chartered Accountants
SBI   State Bank of India, the second largest commercial bank in India
SED   Socio-economic development
shop-in-shop   An area within a retail outlet which is allocated to transactions for Blue Label products and services
SIM card   Subscriber identification module card
SMS   Short message service
spaza shop   An informal convenience outlet
SRI Index   Socially Responsible Investment Index
SSETA   Services Sector Education and Training Authorities
telco   Telecommunications
ticketing   For events and transport, includes sport, travel, entertainment, lifestyle and expos
touch points   Devices through which consumers are able to purchase Blue Label products and services
TPC   The Prepaid Company Proprietary Limited
TPPC   The Post Paid Company Proprietary Limited
transactional services   Includes money transfers, payments of bills and the like
unbanked   People without bank accounts
underbanked/badly banked   People with poor access to mainstream financial services, such as banks and therefore rely on alternative financial services or alternatively people with bank accounts who do not make effective use of the broader services offered by the bank – they merely deposit and withdraw cash from their accounts
UniPIN   Universal PIN for prepaid electricity
USSD   Unstructured supplementary service data
value added   Measure of wealth the Group has created in its operation by “adding value” to the cost of products and services
VAS   Value added services
Viamedia   Viamedia Proprietary Limited
virtual distributor   Distribution of e-tokens of value in electronic format
virtual prepaid airtime   Airtime top-up in an electronic format
WAP   Wireless application protocol
WASP   Wireless application service provider
WASPA   Wireless Application Service Providers’ Association
ZOK   ZOK Cellular Proprietary Limited