Multichoice Group

Integrated Annual Report 2024
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Glossary of terms

AGM annual general meeting
AI artificial intelligence
ARPU average revenue per user
B2B business to business
B-BBEE broad-based black economic empowerment
CEO chief executive officer
CFO chief financial officer
Companies Act Companies Act, No 71 of 2008 (as amended)
CSAT customer satisfaction score
CSI corporate social investment
DTH direct to home (television)
DTT digital terrestrial television
ESG environmental, social and governance
EY Ernst & Young
FIRS Federal Inland Revenue Service
FTA free to air (television)
FY22 the financial year from 1 April 2021 to 31 March 2022
FY23 the financial year from 1 April 2022 to 31 March 2023
GDP gross domestic product
GDPR General Data Protection Regulation
ICASA Independent Communications Authority of South Africa
ICT information and communications technology
IFRS The International Financial Reporting Standards
IT Information technology
I&T Information and Technology
JSE Johannesburg Stock Exchange (as distinct from the JSE Limited)
King IV King Report on Corporate Governanceā„¢ for South Africa, 2016
LED light-emitting diode
MOI memorandum of incorporation
MTF MultiChoice Talent Factory
MultiChoice South Africa MultiChoice South Africa Holdings Proprietary Limited and its subsidiaries
MultiChoice, the MultiChoice Group or the group MultiChoice Group Limited and its subsidiaries
Naspers Naspers Group Limited
OTT over the top (video media services)
Phuthuma Nathi Phuthuma Nathi Investments (RF) Limited (MultiChoice SA's BBBEE share scheme)
POPIA Protection of Personal Information Act, No 4 of 2013
PwC PricewaterhouseCoopers Inc
SENS Stock Exchange News Service
SVOD subscription video on demand
TV television
Ultra-HD Ultra-high definition (technically different from, but conflated with, 4K)
UI and UX user interface and user experience
US United States
USSD Unstructured supplementary service data
USD United States dollar
VAT Value Added Tax
VOD video on demand
YES Youth Employment Services
YoY year on year
ZAR South African rand