JURSIDICTION SNAPSHOT:
Country: South Africa
Status: Full Jurisdiction
Jurisdiction Name : xbrl.za
Website : http://www.xbrl.org/za
Membership Count: 9
IFRS Adoption for Public Companies: Required for all domestic listed companies
REGULATORS:
Companies Registrar: Companies & Intellectual Properties Registration Office - CIPRO
Banking Supervisor:
Securities Regulator: Financial Services Board
PRINCIPAL EXCHANGES:
| Johannesburg Securities Exchange |
XBRL PROJECTS OVERVIEW:
| JSE-Johannesburg Stock Exchange | Voluntary Filing |
| XBRL South Africa | Development |
JURISDICTION MEMBERSHIP:
| Deliotte |
| eX-IT Software (pty) Ltd |
| Financial Services Board |
| Firstrand |
| Johannesburg Stock Exchange (JSE) |
| KPMG |
| PricewaterhouseCoopers |
| South African Institute of Chartered Accountants |
| South African Reserve Bank |
PROGRESS REPORT:
This year has been another year devoted to promoting XBRL
in the business community, most especially South African
companies dual listed in the United States of America as
we see these organisations being the most likely to begin
integrating XBRL into their systems.
International developments have once again raised the profile
of XBRL in South Africa, and companies themselves are
starting to follow developments in this arena. The XBRL SA
jurisdiction has also grown its membership to approximately
19 members.
Taxonomies
During the year we updated the XBRL taxonomy specification
for South Africa covering company legislation, stock exchange
listing requirements and other South African specific
requirements. The specification will be used to update the
XBRL taxonomy for South Africa. This taxonomy will then be
exposed for public comment later in the year. In addition, at
one of the previous Steering Committee meetings, we agreed
to set up a taxonomy group for the banking industry, which
will run under the auspices of the Banking Association of
South Africa. We are encouraging the formation of a similar
taxonomy group for the mining industry in South Africa.
Conference
In November 2007 we hosted the first XBRL conference
in South Africa. We were privileged to have Liv Watson
of EdgarOnline as the guest speaker. In addition we had
the Auditor-General, the Commissioner for the South
African Revenue Services and the CEO of the JSE Limited
participating. The conference was a great success with
delegates representing a good spread across the economy.
The conference successfully raised awareness with regard to
XBRL in South Africa. There is, however, a need to maintain
this awareness and to develop skill resources to make the
product more accessible.
For more information on XBRL South Africa, please visit www.
xbrl.org/za or contact: Jurisdiction Leader: Graham Terry
P O Box 59875
Kengray
2128
South Africa