Glossary

WORD	DEFINITION
AGM	Annual General Meeting
ARCC	Audit, Risk and Compliance Committee
BLD	Blu Label Distribution Proprietary Limited
BLDS	Blu Label Data Solutions Proprietary Limited
Blu Label, BLU	Blu Label Unlimited Group Limited
CEC	Comm Equipment Company Proprietary Limited
Cell C	Cell C Limited and Cell C Holdings Limited
CEO	Chief Executive Officer
the Companies Act	Companies Act, No 71 of 2008, as amended from time to time
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
ESG	Environmental, Social and Governance
FD	Financial Director
FNB	First National Bank Limited
Futuregrowth	Futuregrowth Asset Management
FVTPL	Fair Value Through Profit or Loss
GCorr	Moody's Analytics Global Correlation Model
Group	Blue Label Unlimited Group 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
Investec	Investec Bank Limited
IRBA	Independent Regulatory Board for Auditors
ISAs	International Standard on Auditing
ISAE	International Standard on Assurance Engagements
IT	Information technology
JSE	Johannesburg Stock Exchange Limited
LTI	Long-term Incentive
LTIP	Long-term Incentive Plan
NCI	Non-controlling interest
NERSA	National Energy Regulator of South Africa
OCI	Other Comprehensive Income
PD	Probability of Default
Remco	Remuneration Committee
RMB	Rand Merchant Bank
ROCE	Return On Capital Employed
SAICA	South African Institute of Chartered Accountants
SARB	South African Reserve Bank
SIM card	Subscriber Identity Module
SMS	Short Message Service
SNGGT	SizweNtsalubaGobodo Grant Thornton Inc.
SPV	Special Purpose Vehicle
TJ	Transaction Junction Proprietary Limited
TSR	Total Shareholder Return
TPC	The Prepaid Company Proprietary Limited
USD	United States Dollar
VAT	Value‑Added Tax
WACC	Weighted Average Cost of Capital
ZAR	South African Rand