List of Glossary Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Numeric


ZAMA ZAMA
A term for an illegal miner in South Africa. South Africa has many disused mines where the shafts and stopes are accessible. Illegal miners remove particularly precious metals using primitive... read more
 
ZAMA ZAMA
These are informal miners who attempt to extract ore from a disused mine - usually at great risk to themselves. Known as "Zama-zama" (which means "people who try"), these miners have inadequate... read more
 
ZAR
The currency of South Africa. The currency is also used in Lesotho and Namibia while other countries in the area have pegged their currencies to the rand. The rand took over from the British... read more
 
ZCL
23 - 09 - 2020
This is an A2X-listed investment holding company focused on financial market infrastructure and managing a capital base. Their investment portfolio is located 38% in South... read more
 
ZED
08- 10 - 2020
Zeder (ZED) is PSG's listed, 43,7%-held, investment holding company in agriculture. Just under half (51,2%) of the Zeder portfolio was its stake (28,6%) in Pioneer Foods (PFG)... read more
 
ZERO RATED
Products which do not attract value-add tax (VAT). The zero-rating of various food stuffs and other products, like educational products, is designed to help poor people to survive and improve... read more
 
ZERO SUM GAME
A securities market where the total of capital gains made by investors exactly equals the total of capital losses so that subtracting the one from the other always comes back to zero. Derivative... read more
 
ZERO-BASED BUDGETING
Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. The process starts from a "zero-base" and each new item must be justified using... read more
 
ZERO-COUPON GOVERNMENT BONDS
Government bonds that are purchased at a deep discount and pay no cash dividend, unlike regular bonds.
 
ZETA
The percentage change in an options price per 1% change in implied volatility.
 
ZIGZAG
 
ZINC
A base metal which is used mainly for galvanising to prevent corrosion of iron or steel. It is also used in various alloys with other metals such as copper to make brass. Economically viable... read more
 
ZOMBIE COMPANY
A company that cannot pay the interest on its debts. The term originates in Japan where companies were sustained by the banking sector during the "lost decade" in the 1990's. Subsequently, in... read more
 
ZXTWI
TWK (ZXTWI) describes itself as, "a diversified agriculture and forestry company, headquartered in Piet Retief, Mpumalanga. It operates mainly in Mpumalanga and Kwazulu-Natal, but with business... read more