The following abbreviations and definitions listed below have been used throughout this Integrated Report.
“AARTO” Administrative Adjudication of Road Traffic Offences
“Ader” Servicios Empresariale Ader S.A
“AGM” Annual General Meeting
“AUD” Australian Dollar
“Basic EPS” Earnings for the year attributable to equity holders of Super Group divided by the weighted average number of ordinary shares in issue during the year
“B-BBEE” Broad-Based Black Economic Empowerment
“BEE” Black Economic Empowerment
“CAGR” Compound Annual Growth Rate
“CEO” Chief Executive Officer
“CFO” Chief Financial Officer
“CIO” Chief Information Officer
“CIPC” Companies and Intellectual Property Commission
“CJD” Chrysler, Jeep, Dodge
“Closing earnings yield” Headline earnings per share as a percentage of market value per share at 30 June
“Closing PE ratio” Market value per share at 30 June divided by headline earnings per share
“Companies Act” Companies Act No. 71 of 2008, as amended
“CSI” Corporate Social Investment
“DMTN” Domestic Medium Term Notes
“Earnings yield” HEPS as a percentage of market value per share
“EBIT” Earnings before interest and taxation
“EBITA” Earnings before interest, taxation, amortisation of PPA intangibles and capital items
“EBITDA” Earnings before interest, taxation, depreciation and amortisation of PPA intangibles and capital items
“EPS” Earnings per share
“ESG” Environmental, Social and Governance
“EU” European Union
“EUR/€” Euro
“Exco” Executive Committee
“FMCG” Fast Moving Consumer Goods
“FML” Full Maintenance Leasing
“GDP” Gross Domestic Product
“Gearing” Interest-bearing borrowings less cash and cash equivalents as a ratio to total equity
“GLS” GLS Supply Chain Equipment (Pty) Ltd
“GRC” Group Risk Committee
“HEPS” Headline earnings divided by the weighted average number of ordinary shares in issue during the year
“IAS” International Auditing Standards
“IFRS” International Financial Reporting Standards
“inTime” inTime Holdings GmbH and its subsidiaries
“IRBA” Independent Regulatory Board of Auditors
“IT” Information Technology
“JIBAR” Johannesburg Interbank Agreed Rate
“JSE” JSE Limited
“King IV™” The King Code of Corporate Governance Principles and the King Report on Governance for South Africa 2016
“KPI” Key Performance Indicators
“Legend Logistics” Legend Logistics Proprietary Limited
“Lieben Logistics” Lieben Logistics Proprietary Limited
“Listings Requirements” Listings Requirements of the JSE
“NAAMSA” National Association of Automobile Manufacturers of South Africa
“NAV” Net asset value
“NCI” Non-controlling interests
“Net operating assets” Total assets excluding cash and cash equivalents, deferred tax assets, equity accounted investees and interest-bearing receivables less total liabilities excluding bank overdrafts, interest-bearing borrowings, FML borrowings, ROU liabilities, deferred tax liabilities, interest bearing payables and income tax payable
“OEMs” Original Equipment Manufacturers
“OHS” Occupational Health and Safety
“Operating profit “margin” Operating profit as a percentage of revenue
“PE” Price earnings, market value per share divided by HEPS
“Pound Sterling/GBP/£” Great British Pound
“PPA” Purchase Price Allocation
“QSR” Quick Service Restaurant
“R” Rand, the South African currency
“Remco” Remuneration Committee
“Return on equity” Profit attributable to equity holders of Super Group as a percentage of average capital and reserves attributable to equity holders of Super Group
“Return on total assets” EBIT as a percentage of average total assets
“RNOA” Return on net operating assets, calculation being EBIT after tax as a percentage of average net operating assets
“ROU” Right-of-Use
“S&P” Standard and Poor’s
“SA” South Africa
“SARS” Share Appreciation Rights Scheme
“SENS” Stock Exchange News Service
“SG Fleet” SG Fleet Group Limited
“SOC” State-Owned Company
“Strate” Strate Limited
“Super Group” or “the Group” Super Group Limited and its subsidiaries
Super Group Holdings Super Group Holdings Proprietary Limited, the holding company for the Group’s South African businesses
“t” ton or tonnes
“TLT” Trans-Logo-Tech GmbH
“the Board” the Board of directors of Super Group
“the Company” Super Group Limited
“UK” United Kingdom
“WACC” Weighted Average Cost of Capital
“WLTP” World-wide Harmonised Light Vehicle Test Procedure
“Zultrans” Zultrans (Pty) Ltd