Glossary of terms
“ABET” |
Adult Basic Education Training |
“Aflease” |
Division of Crushco (Pty) Limited |
“Alfa” |
Alfa Sand Works (Pty) Limited |
“BBBEE” |
Broad-based Black Economic Empowerment |
“BEE” |
Black Economic Empowerment |
Black Ginger 372 (Pty) Limited |
Now renamed Buildmax Aggregates and Quarries (Pty) Limited |
“the board” or “board” |
The Board of Directors of Buildmax Limited |
“Brait” |
Collectively Brait IV Investment L.P., Brait IV SA Partnership and Brait SA Limited |
“Brownfield” |
Brownfield sites are abandoned or underused industrial and commercial facilities available for re-use. |
“BSB” |
Benoni Sand and Buildware (Pty) Limited |
“Buildco” or “the Buildco group” |
Collectively, Black Ginger 372 (Pty) Limited and its subsidiaries, Burnleigh Investments (Pty) Limited, Clarewick Investments (Pty) Limited and its subsidiary and Hollyberry Props 41 (Pty) Limited and its subsidiary. |
“Buildmax” or |
Buildmax Limited |
“Buildmax Equipment” |
Buildmax Equipment (Pty) Limited |
Burnleigh Investments |
Now renamed Cast Industries (Pty) Limited |
“Capex” |
Capital expenditure |
“Cast” |
Cast Industries (Pty) Limited |
“CEO” |
Chief Executive Officer |
“CFO” |
Chief Financial Officer |
Clarewick Investments |
Now renamed Buildmax Bricks and Blocks (Pty) Limited |
“Columbia” or “Columbia DBL” |
Columbia DBL (Pty) Limited |
“Companies Act” |
The South African Companies Act 71 of 2008 as amended |
“Crushco” |
Crushco (Pty) Limited |
“CSIR” |
Council for Scientific and Industrial Research |
“Diesel Power” |
Diesel Power Opencast Mining (Pty) Limited |
“DMR” |
Department of Mineral Resources |
“DWA” |
Department of Water Affairs |
“EBITDA” |
Earnings before interest, taxation depreciation and amortisation |
“EE” |
Employment Equity Act |
“EMP” |
Environmental Management Plan |
“Exco” |
Buildmax Limited Executive Committee |
“FCA |
Fellow Member of Institute of Chartered Accountants in England and Wales |
“GHG” |
Greenhouse Gas |
“GRI” |
Global Reporting Index G3 guidelines |
“the group” |
Buildmax Limited and its subsidiaries |
“ha” |
hectare |
“HDSA” |
Historically Disadvantaged South Africans |
“Head Office” |
Buildmax Head Office |
“HLPS” |
Headline loss per share |
“Hollyberry Props 41 |
Now renamed Buildmax Equipment and Services (Pty) Limited |
“HR” |
Human Resources |
“IBR” |
Inverted Box Rib |
“IDC” |
Industrial Development Corporation |
“IFRS” |
International Financial Reporting Standards |
“Interactive” |
Collectively Interactive Capital (Pty) Limited, Interactive Capital Management (Pty) Limited and Cream Magenta 36 (Pty) Limited |
“ISO” |
“International Organization for Standardization” |
“IT” |
Information Technology Systems |
“IUCN” |
International Union for Conservation |
“JSE” |
JSE Limited |
“Kensmark” |
Division of Buildmax Industries (Pty) Limited |
“King III Report” |
The requirements and recommendations of King III as contained in the ‘King Code of Corporate Governance Principles’ and the ‘King Report on Governance for South Africa 2009’ which was issued by the Institute of Directors in Southern Africa |
“KPMG” |
KPMG (Internal Audit and |
“LTIFR” |
Lost Time Injury Frequency Rate |
“MHSA” |
Mine Health and Safety Act 29 of 1996 |
“MPRDA” |
Mineral Resource and Petroleum Development Act 28 of 2002 |
“MQA” |
Mining Qualifications Authority |
“NDCAWU” |
National Democratic Change and |
“NEMA” |
National Environmental Management Act 107 of 1998 |
“NOx” |
Nitrogen Oxide |
“NUM” |
National Union of Mineworkers |
“NUMSA” |
National Union of Metalworkers of South Africa |
“OEM” |
Original Equipment Manufacturers |
“OHSAS” |
Occupational Health and Safety Advisory Services |
“PPE” |
Property, plant and equipment |
“prior/previous year” or “prior/previous period” |
The 12 months ended 28 February 2010 |
“Remco” |
Buildmax Limited Remuneration Committee |
“SA” |
South Africa |
“SABS” |
South African Bureau of Standards |
“S Burde” |
Division of Buildmax Industries (Pty) Limited |
“SENS” |
Stock Exchange News Service |
“SHECQ” |
Safety, Health, Environment, Community and Quality |
“SMME” |
Small and Medium and Micro Enterprises |
“SOx” |
Sulfur oxide refers to lower sulfur oxides |
“Verlesha” |
Verlesha Investments (Pty) Limited |
“Vukuza” |
Vukuza Earth Works (Pty) Limited now renamed Buildmax Equipment (Pty) Limited |
“Vuwa Investments” |
Collectively Arrowville Investments
(Pty) Limited, Austinville Investments (Pty) Limited and Ashbrooke Investments |
“Watertite” |
Watertite Guttering (Pty) Limited |
“Watson” |
Division of Buildmax Industries (Pty) Limited |
“Westbrooke” |
Collectively Westbrooke Investments (Pty) Limited, Westbrooke Special Opportunities (Pty) Limited and Westbrooke Capital Partners (Pty) Limited |
“Wit Deep” or “Wit Deep Sand and Stone” |
Wit Deep Sand and Stone (Pty) Limited |
