Glossary of terms

4IR   fourth industrial revolution
AFCON   Africa Cup of Nations football tournament
AGM   annual general meeting
AI   artificial intelligence
AIML   artificial intelligence and machine learning
ARPU   average revenue per user
AVOD   advertising video on demand
AWF   African Wildlife Foundation
B2B   business-to-business
BBBEE   broad-based black economic empowerment
Capex   capital expenditure
CEO   chief executive officer
CFO   chief financial officer
CSI   corporate social investment
DTH   direct to home television
DTT   digital terrestrial television
EESE   Equity Express Securities Exchange
EPL   English Premier League
ESG   environmental, social and governance
FTA   free to air
FY19   the financial year from 1 April 2018 to 31 March 2019
FY20   the financial year from 1 April 2019 to 31 March 2020
GDPR   General Data Protection Regulation
GE   general entertainment
the group   MultiChoice Group Limited and its subsidiaries
HD   high definition
ICASA   Independent Communications Authority of South Africa
ICT   information and communication technology
IFRS   International Financial Reporting Standards
IT   information technology
JSE   Johannesburg Stock Exchange
LTI   long-term incentives
MTF   MultiChoice Talent Factory
MultiChoice South Africa   MultiChoice South Africa Holdings Proprietary Limited and its subsidiaries
MultiChoice,the MultiChoice Group   MultiChoice Group Limited and its subsidiaries
Naspers/Naspers Group   Naspers Group Limited
NQF   National Qualifications Framework
OEM   original equipment manufacturer (automotive context)
OTT   over the top media services
Phuthuma Nathi   Phuthuma Nathi Investments (RF) Limited (MultiChoice SA’s broad-based black economic empowerment share scheme)
PSL   Premier Soccer League
SABC   South African Broadcasting Corporation
SMMEs   small, medium and microenterprises
STB   set top box
STI   short-term incentives
SVOD   subscription video on demand
Telcos   telecommunications companies
TPRM   third-party risk management
TV   television
TVOD   transactional video on demand
UI   user interface
US   United States
US$   United States Dollar
VAT   value added tax
VOD   video on demand
WHO   World Health Organization
YoY   year-on-year
ZAR   South African Rand