Journey of
CIPC iXBRL
South Africa
ORIGIN
ROSC (Report on Observance of Standards and Codes) by World Bank mentioned XBRL
XBRL South Africa identified CIPC as potential champion for implementation in South Africa2013
INITIATION
Business case developed during 2016 for CIPC
Strategy and planning initiated
Development of Taxonomy (aligned with IFRS)2016
DEVELOPMENT
Development of CIPC Filing Portal
Development of client-side software2017
PILOT PHASE
Pilot with selected high profile listed companies
Implementation by mandate (1st July 2018)2018
MAINTAINANCE
Maintenance and further development
2019
TAXONOMY
In spite of pandemic, iXBRL filings were done by the companies
As on Oct'20, IFRS, Company Act and GRAP 2020 taxonomies were updated.2020
SUCCESSFUL iXBRL
Overall 34,000+ Filings have been filed with CIPC in iXBRL format till Feb 2021 by the companies in South Africa
2021
Schedule A Demo