This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

XBRL and the JSE

The JSE Limited has recognised the benefits of XBRL as a language for communicating financial information to the markets, since 2005. 

The JSE has established an E-Filing platform, using XBRL, for listed companies to submit their financial statements. This digital reporting platform will be voluntary and complementary to existing financial reporting. 

This is part of the JSE’s efforts to continually innovate, encourage greater market transparency and improve efficiencies in the preparation and communication of financial information. 

For listed companies the JSE believes that XBRL has the potential to cut hours of waste and inefficiency for the companies that prepare it well. Once data is gathered in XBRL, different types of reports using varying subsets of the data can be produced with minimum effort. 

A company finance division, for example, could quickly and reliably generate internal management reports, financial statements for publication, tax and other regulatory filings, as well as credit reports for lenders. 

The introduction of this portal will allow for faster, simpler access to company information for both investors and analysts.

The International Landscape 

Internationally, XBRL is becoming a universal standard, not just a fad. The adoption of XBRL is driven by the investor demand for greater transparency, accuracy and accessibility as well as pressure from regulators. Many stock exchanges throughout the world, including the JSE, are actively promoting XBRL use, as well as providing online XBRL reporting portals. 

Some examples: 

US – SEC mandate for all registrants 
UK – HMRC mandate for tax filings 
AUS – Government wide reporting 
EU – Basel II reporting 
INDIA – IFRS reporting mandate from 2011

Stay connected:


Material on this website is © 2014 Deloitte Global Services Limited, or a member firm of Deloitte Touche Tohmatsu Limited, or one of their affiliates. See Legal for copyright and other legal information.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Get connected
Share your comments



More on Deloitte
Learn about our site


Recently blogged