Act/the Act/
Companies Act
Companies Act, No 71 of 2008, as amended from time to time
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 is referenced by other internal platforms like EVMS, AMS and AEON
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
AMS Airtime management system
API Application Programming Interface
APS Aligned Partnered Solutions Proprietary Limited
ARCC Audit, Risk and Compliance Committee
AWS Amazon Web Services
BBBEE Broad-based black economic empowerment
BCM Business continuity management
BI Business intelligence
Black South African nationals that are Indian, Coloured, African and Chinese
BLC Blue Label Connect Proprietary Limited
BLD Blue Label Distribution Proprietary Limited
BLDS Blue Label Data Solutions Proprietary Limited
Blue Label/Blue Label Telecoms Blue Label Telecoms Limited
BNPL Buy now pay later
BO Black ownership
BWO Black women ownership
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
CIO Chief Information Officer
CIPC Companies and Intellectual Property Commission
COBIT Control Objectives for Information Technologies
Company Blue Label Telecoms Limited
CRM Customer relationship management
CSDP Central Securities Depository Participant
CSI Corporate social investment
Deloitte Deloitte South Africa
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 and Pop stores)
EAP Employee assistance programme
EBITDA Earnings before interest, taxes, depreciation and amortisation
ECD Early childhood development
ED Enterprise development
EME Exempted micro enterprises
EPS Earnings per share
ERM Enterprise-Wide Risk Management
ERP Enterprise resource planning
ESG Environmental, social and governance
e-tokens Electronic tokens - a form of electronic cash used for secure transactions
EVP Employee value proposition
Exco Executive Committee
FAR Fixed annual remuneration
fintech Technology businesses that compete against, enable and/or collaborate with financial institutions
GDPR General Data Protection
Generic Generic enterprises
GP Gross profit
GRI Global Reporting Initiative. Established in 1997, with the mission of designing globally applicable guidelines for the preparation of enterprise-level, sustainable development reports
HEPS Headline earnings per share
IC Investment Committee
ICASA Independent Communications Authority of South Africa
ILO International Labour Organisation
IoDSA Institute of Directors in Southern Africa
IRBA Independent Regulatory Board for Auditors
IRCC Internal Risk and Compliance Committee
IT Information technology
JSE Johannesburg Stock Exchange Limited
JSE SDG JSE Sustainability Disclosure Guidance
King IV King IV Report on Corporate Governance for South Africa
KPMG KPMG Services Proprietary Limited
LTI Long-term incentives
LTIP Long-term incentive plan
LTO Labour turnover
M-commerce Mobile commerce
Main market The informal, mostly rural, market in South Africa, from which Blue Label derives the bulk of its revenues
MICTSETA The Media, Information and Communication Technologies Sector Education and Training Authority
MNO Mobile network operator, such as Vodacom, MTN, Telkom and Cell C in South Africa
MOI Memorandum of Incorporation
MVNO Mobile Virtual Network Operator
MVP Minimum viable product
NAV Net asset value
NC Nomination Committee, part of the Remuneration and Nomination Committee
NED Non-executive Director
NFC Near Field Communication
NGO Non-governmental organisation
NIST National Institute of Standards and Technology
OHSA Occupational Health and Safety Act, 85 of 1993
physical prepaid airtime Prepaid vouchers that are available as physical items
PINless top-up E-token recharge directly to mobile phone via a POS device
POC Proof of concept
POP Points of presence
POPIA Protection of Personal Information Act
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.
QSE Qualifying small enterprises
RC/Remco Remuneration Committee, part of the Remuneration and Nomination Committee
ROCE Return on capital employed
RNC Remuneration and Nomination Committee
RPA Robotic Process Automation
SARA South African Reward Association
SD Skills development
SDL Skills development levy
SED Socio-economic development
SIM card Subscriber identification module card
SMS Short message service
spaza shop An informal convenience outlet
SPV Special Purpose Vehicle
SSETA Services Sector Education and Training Authority
STI Short-term incentives
STIP Short-term incentive plan
TCFD Taskforce on Climate-related Financial Disclosures
thin-file refers to the credit report of a client with little or no credit history logged at credit bureaus
TJ Transaction Junction Proprietary Limited
touch points Devices through which consumers are able to purchase Blue Label products and services
TPC The Prepaid Company Proprietary Limited
transactional services Includes money transfers, payments of bills and the like
TSR Total shareholder return
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
USD US dollar
USSD Unstructured supplementary service data
value added Measure of wealth Blue Label has created in its operation by "adding value" to the cost of products and services
VAS Value-added services
virtual distributor Distribution of e-tokens of value in electronic format
WACC Weighted average cost of capital
YES Youth Employment Scheme