South Africa
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
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 |
During the last 12 months Deloitte & JSE Limited (Johannesburg Stock Exchange) released the XBRL Hub, Proof of concept, which was well received in the markets. This was also demonstrated during the XBRL conference in Paris. The JSE Limited has also commenced with a voluntary filing program. After the successful completion of the Proof of Concept in March 2009 the JSE Limited decided to establish the digital reporting filing platform utilizing the XBRL standard. The project covers the filing of listed companies, annual, interim, 2nd interim, provisional, abridged and preliminary financial reports based on IFRS, the specific reporting requirements of the South African Companies Act and JSE Listing requirements.
South African resident US SEC foreign IFRS filers driving adoption ahead of United States SEC mandate.
Developments are ongoing with Financial Services Board (FSB) on electronic interface between the FSB and various administrators of pension funds in South Africa using XBRL.
