Glossary of terms

B-BBEE Broad-based black economic empowerment
CAGR Compound annual growth rate
Capex Capital expenditure
CDP Formerly Carbon Disclosure Project
Cullet Waste glass
CSD Carbonated soft drinks
DBP Deferred bonus plan
DEA Department of Environmental Affairs
dti Department of Trade and Industry
EBITDA Earnings before interest, taxation, depreciation and amortisation
FABS Flavoured alcoholic beverages
FMCG Fast-moving consumer goods
FTSE/Russell ESG FTSE Russell Environmental Social & Governance
GDP Gross domestic product
GEC Group executive committee
HDPE High-density polyethylene
HEPS Headline earnings per share
HRD Human resources director
IFRS International Financial Reporting Standards
IIRC International Integrated Reporting Council
IOM Isle of Man
ISO International Organisation for Standardisation
LTI Long-term incentive
LTIFR Lost-time injury frequency rate. It refers to the rate of occurrence of workplace incidents that result in an employee's inability to work the next full work shift. It refers to the number of such injuries that occur within a given period relative to the total number of hours worked in the same accounting period
MTI Medium-term incentive
NAFEX Nigerian Autonomous Foreign Exchange market
OHSAS Occupational Health and Safety Assessment Series
PET Polyethylene terephthalate
Preforms Test-tube shaped containers with thick walls, blow-moulded on customers' sites
PRMA Post-retirement medical aid
PRO Producer responsibility organisations
PSP Performance share plan
R&D Research and development
ROE Return on equity
RONA Return on net assets
rPET Recycled PET
SAP Share appreciation plan
SKU Stock keeping unit
STI Short-term incentive
TGRC The Glass Recycling Company