Glossary

ABASA  Association for the advancement of Black accountants in southern Africa 
ABG  Avis Budget Group 
BAW  Barloworld 
B-BBEE  Broad-Based Black Economic Empowerment 
BBS  Barloworld Business System 
BCO  Barloworld Corporate Office 
CATfin  Caterpillar Finance 
CE  Chief executive 
CHP  Combined Heat and Power 
CNG  Compressed natural gas 
COJ  City of Johannesburg 
CO2  Carbon dioxide 
COVID-19  An infectious disease caused by a newly discovered coronavirus 
CSI  Corporate Social Investment 
D&I  Diversity and Inclusion 
DRC  Democratic Republic of Congo 
EBITDA  Earnings before interest, taxes, depreciation and amortisation 
ESG  Environmental, social and governance 
EMPR  Extended mining product range 
ETR  Effective tax rate 
ESD  Enterprise and supplier 
EVP  Employee value proposition 
EWT  Endangered Wildlife Trust 
Genset  Generator set 
GHG  Greenhouse gas 
GJ  Gigajoule 
GMP  Guaranteed minimum pension 
GRI  Global Reporting Initiative 
HC  Human capital 
HCD  Human-centred design 
HEPS  Headline earnings per share 
IFC  Inside front cover 
IFRS  International Financial Reporting Standards 
IIRC  International Integrated Reporting Council 
IMF  International Monetary Fund 
JV  Joint venture 
KL  Kilolitres 
kWh  Kilowatt hour 
LCF  Leadership Competency Framework 
LNG  Liquefied natural gas 
LPG  Liquefied petroleum gas 
LTIFR  Lost-time injury frequency rate (Number of lost-time injuries multiplied by 200 000, divided by total hours worked) 
M&A  Mergers and acquisitions 
MAC  Material adverse change 
MAR  Measure, Avoid and Reduce 
MARSO  Measure, Avoid, Reduce, Switch and Offset 
MDI  Managing for Daily Improvement 
ML  Megalitre 
MoI  Memorandum of Incorporation 
MWh  Megawatts per hour 
NAAMSA  National Association of Automobile Manufacturers of South Africa 
NDoT  National Department of Transport 
NOPAT  Net operating profit after tax 
OEMS  Original Equipment Manufacturers 
PBS  Performance-based standards 
PV  Photovoltaic 
PQDCG  People Development, Quality, Delivery, Cost, and Growth 
R&D  Research and development 
RIE  Rapid improvement event 
RoA  Rest of Africa 
ROE  Return on equity 
ROIC  Return on invested capital 
RoU  Right of use 
RPA  Robotic process automation 
RTGS dollar  Real-time gross settlement dollar 
SDGs  Sustainable Development Goals 
SHE  Safety, health and environment 
SMD  Salvage management and disposals 
SMMEs  Small, medium and micro-enterprises 
tCO2e  Tons of carbon dioxide equivalent 
TED Dialogues  Transformation Empowerment Dialogues 
TERS  Temporary Employer/Employee relief scheme benenfits 
TPS  Toyota Production System 
T4A  Technicians for Africa 
US  United States of America 
VSA  Value stream analysis