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

Blu 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