The over 450 companies listed on the Johannesburg Stock Exchange (JSE) are required to annually produce an integrated report in place of or in addition to their annual financial and sustainability reports as a consequence of the adoption of the King III Code, on an ‘apply or explain’ basis. The integrated report has to provide users an all-round view of a company by including social, environmental and economic performance along with the company’s financial performance. The JSE collaborated with the Institute of Directors in Southern Africa (IoDSA) in assisting the King Committee on Corporate Governance Guidance to issue guidance notes on reporting against the King Code. Listed companies have to report the extent to which they comply with the King Code. More recevent revisons of the code (King III, King IV) provides for sustainability reporting as well as integrated reporting.
Industry sectors covered by the instrument
Organizations covered by the instrument
Large listed companies
Type of instrument
Mandatory or voluntary
The geographical scope