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


    iXBRL step 1

  • INITIATION

      Business case developed during 2016 for CIPC

      Strategy and planning initiated

      Development of Taxonomy (aligned with IFRS)

      2016


      iXBRL step 2

    • DEVELOPMENT

      Development of CIPC Filing Portal

      Development of client-side software

      2017


      iXBRL step 3

    • PILOT PHASE

      Pilot with selected high profile listed companies

      Implementation by mandate (1st July 2018)

      2018


      iXBRL step 4

    • MAINTAINANCE

      Maintenance and further development

      2019


      iXBRL step 4

    • 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


      iXBRL step 5

    • SUCCESSFUL iXBRL

      Overall 34,000+ Filings have been filed with CIPC in iXBRL format till Feb 2021 by the companies in South Africa

      2021


      iXBRL step 6
    Schedule A Demo

    Schedule A Demo
























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