NEWS

The latest updates from the Ince team

Dropbox vs VDR: What Should I Use?

  If you’re launching the due diligence process for your firm’s next (or first) acquisition you may be thinking to yourself- is using Dropbox for due diligence okay? Have you been tasked with managing your company’s capital-raising initiative and need a way to share sensitive information? If so, then your ‘to-do’ list probably includes finding…

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How Ince is stimulating the South African economy through its digital services

As South Africa wrestles with the uncertainty that the COVID-19 pandemic presents, many businesses are changing how they communicate to the market and their stakeholders. With over a century of experience in helping businesses and organisations – large and small – communicate effectively, Ince is leading the way by supporting South African companies during this…

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New rules of communications

With so many unknowns, and no immediate end in sight, companies are scrambling to address the near and long-term effect Covid-19 will have on their businesses. They are having an equally difficult time determining the most appropriate and most efficient way to communicate with shareholders.  While communication tactics will vary, one thing is clear: this…

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How to Sustain Strategic Stakeholder Engagement

With most of the world under self-quarantine, many aspects of millions of people’s lives – from family visits and birthday celebrations to conducting business – have changed and in many instances have become virtual.  Investor relations is no different. In fact, certain aspects have become more efficient and more cost-effective. Effective shareholder communications and, by…

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HTML: The Future of Digital Reporting

The integrated report is an oversight mechanism to improve governance and accountability. As such, it is imperative that this communication tool should be used to reach as many people as possible. How this is done has begun to change; what was formerly printed on paper is now published in the medium of this century: the world wide web.  According to…

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The importance of strategic stakeholder communications

The fast-changing nature of business has reinforced how important it is to understand the undercurrents of change that shape our world—and determine the success of a business strategy. Consequently, companies that anticipate underlying social, economic, technological, and political changes are positioned to win. Communicating regularly with stakeholders can help with creating a positive understanding, ensuring that effective long-term…

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COVID-19 highlights the importance of ESG-focused investing

Climate disclosures and environmental sustainability issues have topped investor agendas lately. Indeed, investor demand for companies to measure, disclose, and explain their ESG credentials has become somewhat a norm. This development has come as a surprise to many business leaders around the world. It’s been ascertained that good governance is a key element of corporate…

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Digitisation is Best Practice: The Case for Digital Reporting

Former Bank of Finland Governor and chair of the Trustees of the IFRS Foundation, Erkki Liikanen, has spoken on how digitisation and standardisation of business reports should offer productivity benefits – helping investors diversify and invest, and encouraging transparent, accountable, efficient markets around the world.   When it comes to investor relations, a website is one of…

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Issuers Urged to Commit to Preserving Stakeholder, Not Just Shareholder Value

Issuers affected by COVID-19 must take steps to maintain economic health and minimise downside risk as the pandemic continues to spread around the world, investors have urged. In recent years, companies have moved away from the traditional focus on shareholder value above all else. Last year, a group of CEOs in the United States issued a statement declaring that companies would be run in the interests…

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Business Unusual: What COVID-19 means for businesses and how they operate

2020 has been off to an interesting start, to say the least. The spreading of the novel coronavirus (COVID-19) has been a disruption that no business or individual could have predicted. Fortunately, Ince has been awaiting a shift into the use of digital tools to foster and enhance communications between entities and their various stakeholders….

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Lockdown in South Africa and Ince’s arrangements to support our clients during this lockdown period

Dear Stakeholders,  President Cyril Ramaphosa announced a 21-day lockdown from midnight on Thursday, 26 March 2020, until midnight on 16 April 2020. All South Africans are confined to our homes and all businesses, except those exempt need to close.  Those businesses which can continue operating with staff working from their homes are encouraged to remain open for business so that they can…

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Ince Shareholder Analytics: Who, What, Why and How?

Sol Bhorat has, for a very long time, been passionate about providing JSE-listed companies with very good service in terms of the analysis of their share registers. This led to his engagement with Ince and a joint venture – Ince Shareholder Analytics – was born.  Suleiman (Sol) Bhorat is an outdoorsy, family-oriented guy who was…

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Play Your Part: Corporate Failures in South Africa – Ince has a solution for that

The investor community is growing increasingly frustrated to see the types of bad behaviour coming out of corporate South Africa, with the latest being the news of Tongaat Hulett’s management overstating profits.    Notably, South Africa is now ranked as the third country in the world, after China and India, in terms of having the highest reported incidents…

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International Integrated Reporting Council Revises Integrated Reporting Framework

The International Integrated Reporting Council has announced that it will be revising its framework on Integrated Reporting this year. The focus of the revision is to emphasise how organisations can use the Framework more effectively. The IIRC wants to respond to changes in recent years, as demand grows for corporate reporting on issues such as the United…

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Play Your Part: Help Change “Vote on Pay” Rules

Pressures to contribute and campaign for better economic parity have begun to reach the asset management industry in South Africa. The industry is being urged to become more proactive by doing more to interrogate executive remuneration by voting and encouraging better governance on this matter. Shareholder activists and corporates alike have suggested that the vote…

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What is Ince Talks and Why Should You Attend?

In its mission to co-create an interconnected community of informed contributors to the economy and, consequently, a more inclusive investment ecosystem, Ince has developed the Ince Talks series. Ince Talks invites influential market players to share in topical discussions and provides an opportunity for networking and knowledge expansion.   Ince prides itself on being a company…

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Play Your Part: BlackRock Spotlights ESG Transparency

The world’s biggest fund manager, BlackRock, which manages assets worth $7 trillion has announced that it will now evaluate environmental, social and governance (ESG) metrics “with the same rigour as traditional measures such as liquidity and credit risk”. The fund manager says it is putting climate risk at the core of its investment choices. Larry Fink, the chief executive of BlackRock, says the…

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Ince Talks with JP Landman

The Ince Talks series was developed as a part of our mission to co-create an interconnected community of informed contributors to the economy and, subsequently, a more inclusive investment ecosystem. Ince Talks invites influential market players to share in topical discussions and provides an opportunity for networking and knowledge expansion.   The first in the series took place…

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South Africa’s Biggest Investor Marketing Agency Concludes Major B-BBEE Deal

Download BBBEE Certificate   Johannesburg – South Africa’s leading investor marketing agency, Ince (Pty) Limited, has significantly transformed its shareholding structure with KhumaloCo, led by media entrepreneur Andile Khumalo, increasing its interest in Ince to 26%.  Additionally, Isiqhingi Communications, Ince’s employee investment scheme, will own a further 4% stake, increasing Ince’s total Black ownership to…

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Better Climate Risk Reporting an Opportunity for Business

Mark Carney, Governor of the Bank of England, recently spoke at the Task Force on Climate-Related Financial Disclosures (TCFD) Summit 2019, and highlighted that over the past five years, global carbon emissions have risen by 20% and sea levels by over 3.3mm per year. As a result of this, global temperatures are on course to…

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Climate Risk Reporting Got You All Acronymed Out?

A look at the TCFD, SASB & CDSB As the globe begins to create greater awareness on moving towards greener energy and the climate crisis several frameworks, organisations and bodies have been established to assist companies with communicating their sustainability plans, practices and progress effectively to their investors. TCFD The Financial Stability Board Task Force…

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Climate Change Risk Reporting is a Necessity

The way companies report on environmental, social and governance issues in their Integrated Reports is a major concern to investors and other stakeholders. Recently, in South Africa, some shareholder activists and lobby groups picked up placards and picketed outside of a Standard Bank AGM. Their concern? A voting resolution requiring the banks to do more…

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The Integrated Report as a Trust-Building Tool

Mark Graham, an Associate Professor at the UCT Graduate School of Business, recently shared his opinions on Integrated Reporting (IR) and its ability to increase value (as a result of improved trust) for listed (and other) entities. As the business world begins to create greater awareness on sustainability, company reports, when done well, can inspire…

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iCA4M: Automation That Eases Compliance

In the age of accountability, fund managers seek tools to automate and ease compliance By Anton Liebenberg Spare a thought for South African fund managers. In the wake of a seemingly endless list of controversies and governance crises, South African companies are under increasing pressure to improve how they report on the performance of funds…

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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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Corporate Governance: A Fund Manager’s Responsibility?

Issues of corporate governance have received major attention in the media for some time, and were recently reinforced by the Steinhoff saga, in which the company’s management team was found to have acted fraudulently. Could these “accounting irregularities” i.e. fraud, have been avoided? Some think so, but how? An increasing call has been sounded for…

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South Africa Ranked World Best in Integrated Reporting

By Neo Khanyile South Africa doesn’t usually have the greatest reputation; the country has some of the world’s highest crime statistics, a low GDP growth rate and is teetering on the brink of recession. However, some of our national sports teams, like the Springbok rugby team and the Proteas cricket team have outstanding track records….

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Responsible Investing in South Africa: A Case of Two Worlds

By Selabe Kute Nestled along the easternmost extension of the Austrian Alps, Vienna sprawls into the distance with shed roofs, simple trusses and vertical posts engulfing the architecturally-distinct central European city. Lauded for its worlds-best quality of life, the city is the central nervous system of the Austrian economy, which is among the 14 richest…

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The Changing Conception of Organisational Health

Some thirty years ago, evaluating the value of an organisation was largely down to the amount of physical assets it owned and the tangible, monetary returns it could provide its shareholders. Naturally, auditing and accounting practices were considered the bedrock for validating and truly measuring how “healthy” an organisation is. Thirty years ago. However, gone…

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Painting the Whole Picture – Highlighting the Importance of Non-Financial Performance Indicators

It has become common place to evaluate an organisation based on its ability to generate soaring revenues, profits and shareholder dividends. In today’s free market era, the language of capital accumulation has become synonymous with that of success and progress. It should, therefore, come as no surprise that financial performance indicators have historically been given…

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The UN’s Sustainable Development Goals: Tackling the Challenges of Implementation

Roughly three years ago, the United Nations (UN) General Assembly adopted the UN Sustainable Development Goals (SDGs) – a protracted process that aimed at evolving the previously touted Millennium Development Goals (MDGs). The General Assembly made a unifying commitment to 17 goals (with 169 targets) that broadly aim to reduce poverty. “Eradicating poverty in all…

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The Trust Economy: Corporate Reporting’s New Frontier

The scene was brimming with smiles and protruding chests, as the figurative confetti of integrating reporting grandeur showered down on Nedbank Group Ltd. The 2018 Excellence in Integrated Reporting Awards hosted by EY saw the banking group hoist the top award for its Integrated Report, beating out reporting heavyweights Redefine Properties Ltd and Kumba Iron…

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Decoding Integrated Reporting with Linda Buchler

We sat down with Linda Buchler, who is the Divisional Joint Managing Director: Agency at Ince (Pty) Ltd and got her thoughts on integrated reporting in South Africa. With over 18 years exposure in the corporate communications landscape, she reveals some illuminating perspectives on the challenges faced by organisations as they prepare and distribute their…

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What is the difference between iXBRL and XBRL?

With the technical roll out of the XBRL programme by CIPC fast approaching on 1 July, 2018, there has been some confusion in the market place around the terminology which is sometimes used interchangeably. A common question we receive at Ince is “What is the difference between iXBRL and XBRL?” Thankfully, our resident expert on…

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Stay Woke: Making Sense of Shareholder Activism

The irrepressible former French statesman and relic of all things revolutionary, Napoleon Bonaparte, once uttered, “power is my mistress. I have worked too hard at her conquest to allow anyone to take her away from me”. His brazen meditation on the addictive and possessive relationship that those in power have with power itself has some…

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The Semantics of Stakeholder Communications

A consortium of Maserati-wielding property developers is funding the construction of a new multi-storey shopping complex in a working-class suburb of central Johannesburg. Large retail chains are salivating at the prospect of opening their swanky boutiques and artisanal coffee shops while property-prices are set to soar as the area becomes desirable to investors. The allure…

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Ince on the cutting edge of iXBRL

Ince attended a CIPC workshop held on 26 March 2018, where all CIPC approved XBRL Software Service Providers (SSP), and CIPC’s appointed taxonomy service provider BR-AG, reviewed all aspects of the current taxonomy model. BR-AG and CIPC confirmed that excluding any functionality changes that might arise from current testing, no further changes to the taxonomy…

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Integrated Reporting – A process and product worth rethinking

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 revaluate the way in which they assess organisational value and the long-term viability of a…

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National Lockdown from March 26 until April 16.

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