Glossary

A

AGM

Annual General Meeting

AIM

Alternative Investment Market, the London Stock Exchange's international market for smaller, growing companies

Analysys Mason

A company within Datatec's Consulting division, which provides specialist advice in telecoms, IT and media

ARCC

The Datatec Group Audit, Risk and Compliance Committee

B

BBBEE

Broad-Based Black Economic Empowerment

BPO

Business Process Outsourcing

C

CDP

Carbon Disclosure Project

CEO

Chief Executive Officer

CFO

Chief Financial Officer

CIO

Chief Information Officer

CIPC

Companies and Intellectual Property Commission

Consulting and Financial Services

Includes Analysys Mason, a specialist telecommunications, media and technology adviser and Datatec Financial Services, a specialist team of financial experts

CPI

Consumer Price Index

CSDP

Central Securities Depository Participant

CSI

Corporate social investment, contributions (monetary, employee time and resources), external to normal business activities for the purpose of benefiting and uplifting communities

CSP

Common Service Platform

D

DBP

Deferred Bonus Plan

Depreciation

The systematic allocation of the cost of an asset, less its residual value, over its useful life

E

EDGE

Engage, Develop, Grow, Extend; Westcon International's global enablement programme for new customer acceleration

EMEA

Europe, Middle East and Africa

F

FEC

Foreign exchange contract

FVTPL

Fair value through profit or loss

FY

Financial year; for Datatec, ending 28/29 February

G

GTDC

Global Technology Distribution Council

H

HEPS

Headline earnings divided by the weighted average number of shares in issue during the financial year

Hardware

The machines, wiring and other physical components or other electronic system

I

ICAEW

Institute of Chartered Accountants in England and Wales

IIRC

International Integrated Reporting Council

IRC

South African Integrated Reporting Committee

ISIN

International Securities Identification Number

IFRS

International Financial Reporting Standards

IaaS

Infrastructure as a Service, computer infrastructure being delivered on an outsourced basis. Typically, IaaS provides hardware, storage, servers and data centre space or network components

ICT

Information and Communication Technology, an umbrella term that includes any communication device or application, encompassing radio, television, mobile phones, computer and network hardware and software and satellite systems

Infrastructure

Refers to an entity's entire collection of hardware, software, networks and services required for the operation and management of the IT environment

IP

Internet Protocol

IT

Information technology

J

JSE

The Johannesburg Stock Exchange, a securities exchange operated by JSE Limited

K

King IV

The King IV Report on Corporate Governance for South Africa, 2016

KPIs

Key performance indicators, a set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting its strategic and operational goals

L

Logicalis or Logicalis Group

A division of Datatec that supplies ICT infrastructure and solutions and managed services

LSE

London Stock Exchange

LIBOR

London Interbank offered rate

LTIP

Long-Term Incentive Plan

Line of business

Line of business is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need

M

MBA

Master of Business Administration

MEA

Middle East and Africa

Mobility

The technology used for cellular communication

MSP

Managed service provider

N

NASDAQ

National Association of Securities Automated Quotations, a United States electronic securities market

NPO

Non-profit organisation

NWC

Net working capital

NYSE

New York Stock Exchange

NACA

Nominal Amount Compounded Annually

Networking

The construction, design and use of a network

O

OECD

Organisation for Economic Co-operation and Development

OEM

Original equipment manufacturer

P

P/E ratio

Price-earnings ratio

R

ROIC

Return on invested capital. This is calculated by dividing net operating profit after tax by average invested capital

S

SAICA

South African Institute of Chartered Accountants

SARs

Share Appreciation Rights

SAICA

South African Institute of Chartered Accountants

SAR Scheme

The Datatec Limited Share Appreciation Rights Scheme

SENS

Stock Exchange News Service

SD-WAN

Software-defined wide area network

Saas

Software as a service. Saas is one of three main categories of cloud computing, alongside infrastructure as a service (IaaS) and platform as a service (Paas)

Security

The protection of computer systems from the theft or damage to their hardware, software or information, as well as from disruption of the services they provide

SMB

Small and medium-sized business

Software

The programs and other operating information used by a computer

Systems integrator

Specialises in bringing together component subsystems into a whole and ensuring that those subsystems function together

T

The Board

The Board of Directors of Datatec Limited, as set out here

The Companies Act

South African Companies Act 71 of 2008, as amended

The Company or Datatec

Datatec Limited, listed on the JSE in the "Computer Services" sector and on the LSE's AIM and its subsidiaries as the context indicates

The current year, the year or the year under review

The year ended 28 February 2018

The Group

The Datatec Group, Datatec Limited and its subsidiaries

The previous year

The year ended 28 February 2017

The Register

The register of ordinary shareholders

TMT

Telecommunications, Media and Technology

The UK Code

UK Corporate Governance Code

The Via Group or Via

A company within Datatec's Consulting division, providing unified communications and voice solutions

TMT

Telecommunications, Media and Technology

TSR

Total shareholder return

U

UEPS

Underlying earnings divided by the weighted average number of shares in issue during the financial year

Underlying earnings

Earnings excluding impairments of goodwill and intangible assets, profit or loss on sale of investments and assets, amortisation of acquired intangible assets, unrealised foreign exchange movements, acquisition-related adjustments, fair value movements on acquisition-related financial instruments, restructuring costs relating to fundamental reorganisations, SYNNEX deal-related expenses and the taxation effect on all of the aforementioned

UCC

Unified communications and collaboration

Unified communications

The integration of communication tools that are used daily such as voice, email, instant messaging, conferencing and video into a single interface

V

Via

The Via Group, a company within Datatec's Logicalis division, providing unified communications and voice solutions

W

WEEE

Waste electrical and electronic equipment

Westcon Group or Westcon-Comstor

A division of Datatec that provides distribution of security, unified communications, networking and data centre products