Apex Drive Academy Business Plan — Appendix E: Glossary
Glossary of driver training, accreditation, licensing and financial terms used throughout the Apex Drive Academy business plan.
Appendix E: Glossary
Jump to section
- Overview & contents
- i. Important Notice and Basis of Preparation
- 1. Executive Summary
- 2. Market and Opportunity
- 3. Regulatory Framework
- 4. The Business Model
- 5. SWOT and Competitive Position
- 6. The Capital Efficiency Question
- 7. Route to Market
- 8. Management and Governance
- 9. Financial Plan
- 10. Break-Even and Debt Service
- 11. Investment Analysis
- 12. Sensitivity and Scenario Analysis
- 13. Risk Analysis
- 14. Implementation Roadmap
- 15. Key Performance Indicators
- 16. Key Assumptions
- 17. Conclusion and Recommendation
- A. Appendix A: Consolidated Financial Summary
- B. Appendix B: Capital and Fleet Schedules
- C. Appendix C: Funding and Debt Schedules
- D. Appendix D: Risk Register
- E. Appendix E: Glossary
|
Term |
Meaning |
|---|---|
|
B-BBEE |
Broad-Based Black Economic Empowerment. Skills development spend on black learners carries scorecard weight, which makes corporate training demand structural rather than discretionary. |
|
Code B / Code 8 |
The standard light motor vehicle licence for vehicles under 3 500 kg. The retail segment’s product. |
|
Code C1 / Code 10 |
The intermediate rigid heavy vehicle code, and a prerequisite for Code EC. Lessons are quoted from around R250 an hour. |
|
Code EC / Code 14 |
The articulated combination licence. Lessons are quoted from R370 an hour and the realistic all-in cost is R14 800 to R30 000. A Code C1 licence must be held first. |
|
DLTC |
Driving Licence Testing Centre. Test availability, wait times and yard pass rates vary materially between centres, which is why the plan builds relationships across several. |
|
DLCA |
The Driving Licence Card Account, which produces licence cards. Its backlog stood at roughly 540 000 cards in 2026, against targets of 21 working days in 2026 and 7 by 2028. |
|
Grade A / B / C instructor |
Provincial instructor grades. Grade A may teach any code and requires an EC manual and Code A licence; Grade C is limited to codes A1, A and B. Grade A instructors are materially scarcer. |
|
Learnership |
A structured, accredited training programme combining theory and workplace practice, funded through the skills levy system and delivered against registered unit standards. |
|
NaTIS |
The National Traffic Information System. A registered school’s account can book driving tests on a learner’s behalf and can surface earlier dates than the public-facing portal. |
|
PrDP |
Professional Driving Permit, required for drivers of goods vehicles above a threshold and for passenger vehicles. Heavy training vehicles must be PrDP compliant. |
|
Section 20 limitation |
The South African rule capping the set-off of assessed losses at the higher of R1 million or 80% of taxable income in any year. |
|
TETA |
The Transport Education and Training Authority, the SETA whose accreditation is required to deliver funded learnerships against the professional driving unit standards. |
Apex Drive Academy (Pty) Ltd · Business Plan and Investment Proposal · August 2026 · Strictly Confidential