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 Africa

    2013


  • 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 software

    2017


  • 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


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