Word | Definition |
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 |
BLD | Blue Label Distribution Proprietary Limited |
BLDS | Blue Label Data Solutions Proprietary Limited |
BLT; Blue Label/Blue Label Telecoms; Company | Blue Label Telecoms Limited |
CEC | Comm Equipment Company Proprietary Limited |
Cell C | Cell C Limited, launched operations in 2001, seven years after the launch of the two incumbents, Vodacom and MTN (launched in 1994) |
CEO | Chief Executive Officer |
CPI | Consumer price index |
Deloitte | Deloitte South Africa |
EBIT | Earnings before interest and taxes |
EBITDA | Earnings before interest, taxes, depreciation and amortisation |
ECL | Expected credit losses |
EIR | Effective interest rate |
EPS | Earnings per share |
ERM | Enterprise risk management |
ESG | Environmental, social, and governance |
FD | Financial Director |
FNB | First National Bank Limited |
FVTPL | Fair value through profit or loss |
FVOCI | Fair value through other comprehensive income |
GCorr | General Commission on Religion and Race |
Group | Blue Label Telecoms Limited and its subsidiaries, associates and joint ventures |
HEPS | Headline earnings per share |
IAS | International Accounting Standards |
IASB | International Accounting Standards Board |
IFRS | International Financial Reporting Standards |
IRBA | Independent Regulatory Board for Auditors |
ISA | International Standard on Auditing |
ISAE | International Standard on Assurance Engagements |
IT | Information technology |
JSE | Johannesburg Stock Exchange Limited |
King IV | King IV Report on Corporate Governance for South Africa |
LGD | Loss Given Default |
LTI | Lost Time Injury |
LTIP | long-term incentive plan |
MOI | Memorandum of Incorporation |
MVNO | Mobile virtual network operator |
NCI | Non-controlling interest |
NERSA | National Energy Regulator of South Africa |
OCI | Other comprehensive income |
OSI | Oxigen Services India |
PD | Probability of Default |
Remco | Remuneration Committee |
ROCE | Return on capital employed |
RMB | Rand Merchant Bank |
SAICA | South African Institute of Chartered Accountants |
SARB | South African Reserve Bank |
SIM card | Subscriber identification module card |
SMS | Short message service |
SNGGT | SizweNtsalubaGobodo Grant Thornton Inc. |
SPV | Special purpose vehicle |
STI | Short-term incentives |
the Companies Act | Companies Act, No 71 of 2008, as amended from time to time |
TPC | The Prepaid Company |
TJ | Transaction Junction Proprietary Limited |
TSR | Total shareholder return |
USD | US dollar |
VAT | Value added tax |
WACC | Weighted Average Cost of Capital |
ZAR | South African rand |