Glossary

Acronym Definition
2024 Financial year 2024
2025 Financial year 2025
AGM Annual General Meeting
ABT Account-based Ticketing
AI Artificial intelligence
AltBureau Alternative Bureau for data services
API Application Programming Interface
APS Aligned Partnered Solutions
ARCC Audit Risk and Compliance Committee
ASPU Average spend per user
AUS Australia
BA Bachelor of Arts
B-BBEE Broad-based black economic empowerment
B2B Business to Business
BCompt Bachelor of Accounting Science
BCM Business continuity management
BI Business Intelligence
BLC Blue Label Connect
BLD Blue Label Distribution
BLDS Blue Label Data Solutions
Blu Voucher Digital voucher system of Blue Label
BluAdvance Advanced prepaid electricity solution
BluApproved Blue Label's trust and quality emblem
BluNova Data and decision science platform of Blue Label
BMF Black Management Forum
BO Black-owned
BPO Business process outsourcing
BProc Baccalaureus Procurationis
BRM Business Relationship Management
BUSA Business Unity South Africa
BWO Black women-owned
CA (SA) Chartered Accountant
CEC Comm Equipment Company
CEO Chief Executive Officer
CI/CD Continuous Integration/Continuous Deployment
COBIT Control Objectives for Information Technologies
CSDP Central Securities Depository Participant
CSP Conditional share plan
CTA College of Accounting Sciences
CVM Customer Value Management
DE Data engineering
DRP Disaster recovery plan
EAP Employee Assistance Programme
EBITDA Earnings before interest, taxes, depreciation and amortisation
EE Employment equity
EME Exempted Micro Enterprises
EPS Earnings per share
ERM Enterprise-wide Risk Management
ERP Enterprise resource planning
ESG Environmental, social and governance
EU European Union
EVP Employee value proposition
FAR Fixed annual remuneration
FD Financial Director
GCRS GloCell Retail Solutions
HEPS Headline earnings per share
HR Human Resources
ICASA Independent Communications Authority of South Africa
ICT Information and Communication Technology
IEC International Electrotechnical Commission
IFRS International Financial Reporting Standards
ILO International Labour Organization
IoT Internet of Things
<IR> Framework The International Integrated Reporting Framework
IRCC Internal Risk and Compliance Committee
ISMS Information Management Security System
ISO International Organization for Standardization
IT Information technology
ITIL Information Technology Infrastructure Library
JSE Johannesburg Stock Exchange
King IV The King IV Report on Corporate Governance for South Africa, 2016
KPI Key performance indicator
LLB Bachelor of Laws
LLM Master of Laws
LTI Long-term incentive
LTIP Long-term incentive plan
MBA Master of Business Administration
ML Machine learning
MOI Memorandum of incorporation
MVP Minimum viable product
NFC Near Field Communication
NIST National Institute of Standards and Technology
NPAT Net profit after tax
PAIA Promotion of Access to Information Act
PIN Personal identification number
POP Persistent organic pollutants
POPIA Protection of Personal Information Act
POPI Protection of personal information
POS Point of sale
QSE Qualifying small enterprises
RINGAS RINGAS product associated with prepaid offerings
RITE Reach, Innovate, Trust, Efficiency
RNC Remuneration and Nomination Committee
ROCE Return on capital employed
SADC Southern African Development Community
SAICA The South African Institute of Chartered Accountants
SANRAL ABT card South African National Roads Agency Limited account-based ticketing
SDWAN Software-defined wide area network
SED Socio-economic development
SETC Social, Ethics and Transformation Committee
SIM Subscriber Identity Module
SLA Service-level agreement
SME Small and medium-sized enterprises
SMME Small, medium and micro-enterprises
SOC Security Operations Centre
SOE State-owned entity
STI Short-term incentive
STIP Short-term incentive plan
TicketPro End-to-end ticketing system
TJ Transaction Junction
TOPP Training Outside Public Practice
TPC The Prepaid Company
TT1 Real Time Transaction 1
U-Belong U-Belong project
UCT University of Cape Town
UNGC United Nations Global Compact
Unisa University of South Africa
UK United Kingdom
VAS Value-added service
VCC Venture Capital Company
VOC Volatile organic compounds
VRM Visual Revenue Management
WACC Weighted average cost of capital
Wits University of Witwatersrand
YES Youth Employment Service