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
The term for an illegal miner in South Africa is Zama Zama, which means "people who try" in Zulu. Illegal miners are also known as "Galamsey". South Africa has many disused mines where the shafts... 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
 
ZARX
The ZARX is a registered stock exchange in South Africa. It aims to become a pan-African with a relatively low cost structure. It boasts settlement in T+0 - which compares to the JSE's... read more
 
ZERO RATED
Products which do not attract value added tax (VAT). The zero-rating of various food stuffs and other products, like educational products, is designed to help poor people to survive and... read more
 
ZERO SUM GAME
A securities market where the total of capital gains made by investors exactly equals the total of capital losses by other investors, so that subtracting the... 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... read more
 
ZERO-COUPON BOND
A zero coupon bond is one where the interest (or coupon) on the bond is capitalised into the final redemption price. In other words, the bond pays no interest but... read more
 
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