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Glossary
continued
Word
Definition
CSI
Corporate social investment
CSR
Corporate social responsibility
disintermediation
Reduction in the use of intermediaries between network operators and consumers
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 & Pop stores)
DTH (TV)
Direct-to-home television, a method of receiving satellite television services
dti
Department of Trade and Industry
EBITDA
Earnings before interest, taxes, depreciation and amortisation
EEC
Employment Equity Committee, which reports to the Social, Ethics and Transformation
Committee
EFT
Electronic funds transfer
e-tokens
Electronic tokens – a form of electronic cash used for secure transactions
Exco
Executive Committee
fintech
Technology businesses that compete against, enable and/or collaborate with financial
institutions
GRI
Global Reporting Initiative. Established in 1997, with the mission of designing globally
applicable guidelines for the preparation of enterprise-level, sustainable development
reports
Group
Blue Label Telecoms Limited and its subsidiaries, associates and joint ventures
IBC
Inside back cover
IC
Investment Committee
IRCC
Internal Risk and Compliance Committee
JSE
JSE Limited
JV
Joint venture
King IV
The King IV Report on Corporate Governance for South Africa
KPMG
KPMG Services Proprietary Limited
LBS
Location-based services
LSM
Living standards measure
M-commerce
Mobile commerce
Main market
The informal, mostly rural, market in South Africa, from which the Group derives the
bulk of its revenues
M&A
Mergers and acquisitions
MNO
Mobile network operator, such as Vodacom, MTN, Telkom and Cell C in South Africa
MOI
Memorandum of Incorporation