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NEWS

The latest updates from the Ince team

Understanding iXBRL

What is the purpose of iXBRL? Apart from the fact that its use is now a regulatory requirement, iXBRL is explained by the problems solved. Previously, there had not been a consistent specification that worked for all entities. The preparation of automated rendering and extraction tools needed to be prepared for each different specification used…

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iXBRL Updates From CIPC – August 2019

The Regulator (CIPC ) is requiring all filers, to increase the detail in the tagging and mapping in their iXBRL filings, this year. XBRL was introduced last year on 1 July 2018; with filers being advised that high-level mapping, was acceptable FOR THE FIRST YEAR including: • All individual Mandatory Elements, = 51 • Plus,…

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The Case for Gender Parity

When 20000 women marched to Pretoria on 9 August 1956, they could only dream of the women’s rights that would be enshrined in South Africa’s Constitution in 1996. Unfortunately, it often seems as if those rights are not worth the paper they are written on. South Africa is still a patriarchal society and women are…

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5 Minutes with Nicky Newton-King

The building of the JSE’s deep sense of diversity across their staff base was a conscious decision started by her predecessor, says Nicky Newton-King, the current CEO of the Johannesburg Stock Exchange. “Once you start to build diversity (both racial and gender diversity), it becomes a place where it is known that you can perform…

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Itumeleng Ndlozi Means Business

Itumeleng Ndlozi sits on the executive committee, as Divisional Managing Director of the Public Sector at Ince. She began her career at Ince 11 years ago in the Marketing division playing a support role to the other business units by assisting them with engaging with their clients. Her journey continued in client services where she…

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A Deeper Look into Public-Private Partnerships with Mark Barnes

Ince hosted the first of its Ince Talks Series, the theme of which was “A deeper look into public-private partnerships”. The guest speaker was the South African Post Office’s CEO, Mark Barnes. At the time of his speech, Barnes gave insights into the workings at the Post Office, his contributions to helping to turn the…

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Considering the Role of Women in Corporate SA

For several years, ex-ABSA chief executive officer (CEO) Maria Ramos was the lone woman in the role of CEO in the Johannesburg Stock Exchange (JSE) top 40 listed companies. Since her departure from the position in January 2019, there are none. There are now no female CEOs running any of the country’s 40 largest listed…

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iXBRL Updates from CIPC – July 2019

Last year the Companies and Intellectual Properties Commission (CIPC) mandated Inline XBRL (iXBRL) reporting for all entities required to submit Annual Financial Statements (AFS’s), with the aim of improving regulatory efficiency and effectiveness and building up a bank of data to undertake in-depth analysis of trends. Stage two of the project will involve updating the…

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Integrated Reporting: A Process and Product Worth Rethinking

By Sarah-Jane Wilkinson Rethink Results, Think Value! Organisations do not exist in isolation from society and the greater environment. They are completely interconnected and rely on one another for long-lasting prosperity. It is within this context that organisations and investors have had to re-evaluate the way in which they assess organisational value and the long-term…

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Shareholder Activism in the Digital Age

Technology has become so pervasive in our daily lives. It’s now possible to get a degree qualification, sign petitions and even buy groceries online. It’s only reasonable that one should also be able to virtually attend meetings, and where necessary, participate in voting processes remotely. Shareholder activism is a phenomenon that is restructuring the relationship…

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