Glossary

Word Definition
Act/the Act/Companies Act Companies Act, No 71 of 2008, as amended from time to time
AGM Annual General Meeting
Airvantage Airvantage, a private company whose Prepaid Airtime Advance System (PAS) offers Mobile Network Operators airtime, data and mobile money services: the ability to advance airtime, data or mobile money to subscribers
ARCC Audit, Risk and Compliance Committee
BLT; Blue Label/Blue Label Telecoms; Company Blue Label Telecoms Limited
CEC Comm Equipment Company
Cell C Cell C Proprietary Limited, launched operations in 2001, seven years after the launch of the two incumbents, Vodacom and MTN (launched in 1994)
CEO Chief Executive Officer
Deloitte Deloitte South Africa
EBITDA Earnings before interest, taxes, depreciation and amortisation
Group Blue Label Telecoms Limited and its subsidiaries, associates and joint ventures
HEPS Headline earnings per share
JSE Johannesburg Stock Exchange Limited
King IV King IV Report on Corporate Governance for South Africa
PwC PricewaterhouseCoopers Inc.
SIM card Subscriber identification module card
SMS Short message service
SNGGT SizweNtsalubaGobodo Grant Thornton Inc.
STI Short-term incentives
STIP Short-term incentive plan
TPC The Prepaid Company Proprietary Limited
USD US dollar
virtual distributor Distribution of e-tokens of value in electronic format
WACC Weighted Average Cost of Capital