Glossary

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