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Glossary of key terms

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1H FY21
The six months ended 30 September 2020
1H/2H
First half/second half of the financial year (same applies for quarters [1Q/2Q])
AGM
Annual General Meeting
AI
Artificial Intelligence
ARPU
Average Revenue Per User
AVOD
Advertising Video On Demand
B2B
Business To Business
BBBEE
Broad-Based Black Economic Empowerment
Capex
Capital Expenditure
Companies Act
Companies Act, 71 of 2008 (as amended)
CAGR
Compound Annual Growth Rate
CEO
Chief Executive Officer
CFO
Chief Financial Officer
COPS
Cost Of Providing Services
CSAT
Customer Satisfaction Score
CSI
Corporate Social Investment
CV
Connected Video
CWC
Cricket World Cup
DTH
Direct To Home Television
DTT
Digital Terrestrial Television
EBITDA
Earnings Before Interest, Tax, Depreciation And Amortisation
EESE
Equity Express Securities Exchange
EPL
English Premier League
ESG
Environmental, Social And Governance
FCF
Free Cash Flow
FEC
Forward Exchange Contract
FIRS
Federal Inland Revenue Service
FTA
Free To Air
FWC
FIFA World Cup (soccer)
FX
Foreign exchange
FY21
The Financial Year from 1 April 2020 to 31 March 2021
FY22
The Financial Year from 1 April 2021 to 31 March 2022
GDP
Gross Domestic Product
GDPR
General Data Protection Regulation
GE
General Entertainment (operating segment)
HD
High Definition (SD = Standard Definition)
ICASA
The Independent Communication Authority of South Africa
ICT
Information and Communications Technology
IFRS
International Financial Reporting Standards
IPTV
Internet Protocol Television
IT
Information Technology
I & T
Information And Technology
JSE
Johannesburg Stock Exchange
King IV
King IV Report on Corporate Governance™ for South Africa, 2016
LED
Light-Emitting Diode
M&A
Mergers and acquisitions
MCSA, MultiChoice South Africa
MultiChoice South Africa Holdings Proprietary Limited and its subsidiaries
MCG
MultiChoice Group
MOI
Memorandum Of Incorporation
MTF
The MultiChoice Talent Factory
MutliChoice, The MultiChoice Group
MultiChoice Group Limited and its subsidiaries
Naspers
Naspers Group Limiteds
NCI
Non Controlling Interests
Opex
Operating Expenditure
OTT
Over-The-Top Media Services
PN, Phuthuma Nathi
Phuthuma Nathi Investments (RF) Limited (MultiChoice SA’s broad-based black economic)
PN2
Phuthuma Nathi Investments 2 (RF) Limited (a replica scheme that combined with Phuthuma Nathi on 28 November 2019)
POPIA
Protection of Personal Information Act
PSL
Premier Soccer League in South Africa, renamed DStv Premiership
PVR
Personal Video Recorder
PwC
PricewaterhouseCoopers Inc
PY/CY
Prior year/Current year
RoA
Rest Of Africa
SA
South Africa
SENS
Stock Exchange News Service
SG&A
Selling, General and Administration Expenses
SMS
Short Message Service
SSA
Sub Saharan Africa
STB
Set-Top Box
SVOD
Subscription Video On Demand
TV
Television
UCL
UEFA Champions League
UHD
Ultra High Definition (technically different from but conflated with 4K)
Ultra-HD
Ultra-High Definition (technically different from, but conflated with 4K)
UI and UX
User Interface and User Experience
US
United States
USD
United States Dollar
USSD
Unstructured Supplementary Service Data
VAT
Value Added Tax
VOD
Video On Demand
WFH
Work From Home
YES
Youth Employment Services
YoY
Year-On-Year
YTD
Year To Date
ZAR
South African Rand