Glossary

Word   Definition
3G Mobile   3G Mobile Proprietary Limited, a private company which procures high-end branded mobile handsets for supply to Cell C and major retailers in South Africa and beyond. Its wholly owned subsidiary, Comm Equipment Company (CEC), provides the financing to Cell C for the mobile handset element of postpaid contracts
Act/the Act/Companies Act   Companies Act, No 71 of 2008, as amended from time to time
ADRs   American Depository Receipts
AEON   Blue Label's proprietary switch through which all transactional capability is accessed. Banking grade transactions are switched through the Postilion platform
AEON EVD   The Aeon Electronic Voucher Distribution platform is a central repository in which electronic (or virtual) stock is housed. It is referenced by other internal platforms like EVMS, AMS and AEON
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
AMS   Airtime management system
ARCC   Audit, Risk and Compliance Committee
ARPU   Average revenue per user
B2B   Business-to-business, a commercial transaction between businesses
B2C   Business-to-consumer, a commercial transaction between a business and a consumer
B-BBEE   Broad-based black economic empowerment
BGCSA   Boys & Girls Clubs of South Africa
BLD   Blue Label Distribution Proprietary Limited
BLDS   Blue Label Data Solutions Proprietary Limited
BLM   Blue Label Mexico S.A. de C.V.
BLT   Blue Label Telecoms Limited
Blue Label/Blue Label Telecoms   Blue Label Telecoms Limited
Cell C   Cell C Proprietary Limited, launched operations in 2001, seven years after the launch of the two incumbents, Vodacom and MTN (launched in 1994)
CEO   Chief Executive Officer
CIO   Chief Information Officer
CIPC   Companies and Intellectual Property Commission
Company   Blue Label Telecoms Limited
content aggregator   An organisation which gathers web content and applications from different online sources for reuse and resale
CPA   Consumer Protection Act
CRC   Customer relation consultant
CRM   Customer relationship management
CSDP   Central Securities Depository Participant
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
EAP   Economically active population
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
GDPR   General Data Protection
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
IoDSA   Institute of Directors in Southern Africa
Indian operations   Oxigen Services India, Oxigen Online and 2DFine
IRCC   Internal Risk and Compliance Committee
JSE   JSE Limited
Word   Definition
JV   Joint venture
King IV   King IV Report on Corporate Governance for South Africa
KPMG   KPMG Services Proprietary Limited
LBS   Location-based services
LSM   Living standards measure
LTI   Long-term incentives
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
money remittances   The ability to transfer money to another individual without a bank account
NAV   Net asset value
NC   Nomination Committee, part of the Remuneration and Nomination Committee
NERA   National Empowerment Rating Agency
NPCI   National Payments Corporation of India, the national transactions switch
NQF   National Qualifications Framework, the system that records levels of learning activities
Oxigen/Oxigen India   Oxigen Services (India) Private Limited
Oxigen Online   Oxigen Online Services (India) Private Limited
physical prepaid airtime   Prepaid vouchers that are available as physical items
PINless top-up   E-token recharge directly to mobile phone via a POS device
POP   Points of presence
PoPI   Protection of Personal Information Act
POS   Point of sale, usually a place or a device
PowerPin voucher   Offline prepaid electricity top-up, consolidates the purchase of prepaid electricity across national municipalities
PwC   PricewaterhouseCoopers Inc.
Reware   Reware is a distributor of certified pre-owned smartphones
RC   Remuneration Committee, part of the Remuneration and Nomination Committee
RNC/Remco   Remuneration and Nomination Committee
SAICA   South African Institute of Chartered Accountants
SBI   State Bank of India
SDP   Service delivery platform
SED   Socio-economic development
SHEQ   Safety, Health, Environment and Quality
SIM card   Subscriber identification module card
SMS   Short message service
spaza shop   An informal convenience outlet
SRI Index   Socially Responsible Investment Index
SSETA   Services Sector Education and Training Authorities
STI   Short-term incentives
TJ   Transaction Junction Proprietary Limited
touch points   Devices through which consumers are able to purchase Blue Label products and services
TPC   The Prepaid Company Proprietary Limited
transactional services   Includes money transfers, payments of bills and the like
unbanked   People without bank accounts
underbanked/badly banked   People with poor access to mainstream financial services, such as banks and therefore rely on alternative financial services or alternatively people with bank accounts who do not make effective use of the broader services offered by the bank - they merely deposit and withdraw cash from their accounts
UniPIN   Universal PIN for prepaid electricity
USSD   Unstructured supplementary service data
value added   Measure of wealth the Group has created in its operation by "adding value" to the cost of products and services
VAS   Value-added services
Viamedia   Viamedia Proprietary Limited
virtual distributor   Distribution of e-tokens of value in electronic format
virtual prepaid airtime   Airtime top-up in an electronic format
WAP   Wireless application protocol
WASP   Wireless application service provider
WASPA   Wireless Application Service Providers Association