AsgiSA
Accelerated and Shared Growth Initiative for South Africa

BIC
Board Investment Committee

DBSA
Development Bank of South Africa

DFI
Development Finance Institution

DPE
Department of Public Enterprises

ECIC
Export Credit Insurance Corporation

Equity
Another name for shares (derived from the word “equal” meaning each share is equal to every other share in the same class)

ERM
Enterprise-wide Risk Management

EXCO
Executive Committee

EXCO IC
EXCO Investment Committee

FRMC
Finance and Risk Management Committee

HCRC
Human Capital and Remuneration Committee

ICT
Information Communication Technology

IDC
Industrial Development Corporation of South Africa

IFRS
International Financial Reporting Standards

IPO
Initial Public Offering (when a company is about to list itself on the stock exchange, it offers to sell its shares to the public)

IRR
Internal Rate of Return

JSE
JSE Limited

Khula
Khula Enterprise Finance

Leverage
Another term for debt

MEC
Member of Executive Council

NEF
National Empowerment Fund

NEF Act
National Empowerment Fund Act No. 105 of 1988

PFMA
Public Finance Management Act No. 1 of 1999 (as amended by Act No. 29 of 1999)

SAI
State Allocated Investments

Secondary market
Once a company is listed on the stock exchange, trade in its shares is referred to as a “secondary market” (as opposed to the “primary market”, which is the initial raising of funds through IPOs)

SEDA
Small Enterprise Development Agency

SME
Small and Medium Enterprises

The codes/The codes of Good Practice
Small and Medium Enterprises Broad-Based Black Economic Empowerment Codes of Good Practice

the dti
Department of Trade and Industry