Integrated Annual Report
2020

Glossary

Accsys

Accsys (Pty) Ltd, a 100% owned subsidiary of TCRS

Group

Transaction Capital Limited

AGM

Annual general meeting

HEPS

Headline earnings per share

AI

Artificial intelligence

IFRS

International Financial Reporting Standards

ALCO

Asset and liability committee

IP

Intellectual property

ARC
committee

Audit, risk and compliance committee

ISPPIA

International Standards for the Professional
Practice of Internal Auditing

B2B

Business-to-business (vehicle dealerships)

IT

Information and technology

B2C

Business-to-consumer

King IV

King IV Report on Corporate Governance™
for South Africa, 2016

B-BBEE

Broad-based Black Economic Empowerment

KPIs

Key performance indicators

Board

The Transaction Capital board of directors

LTI

Long-term incentive

CAGR

Compound annual growth rate

NCR

National Credit Regulator

CEO

Chief executive officer

NPLs

Non-performing loans within SA Taxi’s loans
and advances portfolio

CFO

Chief financial officer

NPL Portfolio

Non-performing consumer loan portfolio
acquired by TCRS to be collected as
principal

CIO

Chief investment officer

NTA

National Taxi Alliance

COVID-19

The novel coronavirus and the disease it causes

OEMs

Original equipment manufacturers

CPI

Consumer price inflation

Open market

In SA Taxi, insurance clients not financed by
SA Taxi Finance

cps

Cents per share

Principa

Principa Decisions (Pty) Ltd, previously a
100% owned subsidiary of TCRS

CSP

Conditional share plan

RBH

Royal Bafokeng Holdings

CTC

Cost to company

Recoveries
Corporation

Recoveries Corporation, an Australian 100%
owned subsidiary of TCRS

DEKRA

A vehicle inspection certification providing information on the mechanical and technical status of a vehicle

Repo rate

Rate at which the South African Reserve Bank
lends money to banks

DFIs

Developmental finance institutions

ROE

Return on average equity

EBITDA

Earnings before interest, taxes, depreciation and amortisation

SANTACO

South African National Taxi Council

ERC

Estimated undiscounted remaining gross cash collections from NPL Portfolios over the next 120 months

SAR

Share appreciation rights

ESE

Economic, social and environmental

SED

Socioeconomic development

ESG

Environmental, social and governance

STI

Short-term incentive

EUR

Euro (currency)

SME

Small- and medium-sized enterprise

F&I products

Finance, insurance-based, tracking and other allied products

TCBS

Transaction Capital Business Solutions (Pty)
Ltd, a 100% owned subsidiary of TCRS

F&I product margin

Additional gross margin earned on value- added products and allied services including finance, insurance, tracking and other revenue

TCRS

Transaction Capital Risk Services

TCTS

Transaction Capital Transactional Services,
a division of TCRS

Fihrst

Net1 Fihrst Holdings (Pty) Ltd, a 100% owned subsidiary of TCRS

USD

United States of America dollar (currency)

FFS

Fee-for-service

Vehicle
supermarket

WeBuyCars vehicle warehouse and
showroom

GDP

Gross domestic product

VWAP

Volume-weighted average price