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272

BLUE LABEL INTEGRATED ANNUAL REPORT 2014

GLOSSARY

CONTINUED

Word

Definition

ECNS/ECS

Electronic Communications 2005, Act, section 5(4) states:

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Electronics Communications Network Services (ECNS).

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Electronics Communications Services (ECS).

ECNS and ECS that require a class licence include but are not limited to:

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Electronic communication networks of district municipality or local municipal

scope operated for commercial purposes.

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Community broadcasting and low power services whether provided free to air or

by subscriptions.

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Such other services as may be prescribed, that the Authority finds do not have

significant impact on socio-economic development.

EEC

Employment Equity Committee, which reports into the Social, Ethics and

Transformation Committee

EFT

Electronic funds transfer

EMV compliant

The global standard for inter-operability of chip cards, POS terminals and automatic

teller machines

emerging economies

Nations with social or business activity in the process of rapid growth and

industrialisation

e-tokens

Electronic tokens – a form of electronic cash used for secure transactions

Exco

Executive Committee

FAQ

Frequently asked question

FD

Financial Director

FIDS

Forensic Intelligence Data Solutions Proprietary Limited

FMCG

Fast-moving consumer goods

FQUN

Fully qualified username

GPS

Global positioning system

GRC

Governance, risk and compliance

GRI

Global Reporting Initiative. Established in 1997, with the mission of designing

globally applicable guidelines for the preparation of enterprise-level, sustainable

development reports