Sharenet Sites 
Sharenet Sites
Proposed Amendments to the Headline Earnings Circular issued by SAICA
GEN – General - JSE Limited
Proposed Amendments to the Headline Earnings Circular issued by SAICA
Headline earnings, as it appears in the JSE Listings Requirements (the “Requirements”), is defined
and calculated in accordance with the circular titled Headline Earnings issued by the South African
Institute of Chartered Accountants (“SAICA”), as may be amended from time to time.
SAICA is proposing certain amendments to the Headline Earning circular (currently circular 1/2021).
The proposed amendments seek to include detailed rules to address the new standard IFRS 17 –
Insurance Contracts. Consideration was also given to amendments to IFRSs issued between May 2021
and May 2022 and their potential impact in the existing rules. No need for revisions were identified.
SAICA is inviting comments on the proposed amendments to the Headline Earning circular, which can
be sent directly to SAICA by no later than Monday, 7 November 2022.
The proposed amendments to the Headline Earning circular, including details on submitting comments,
can be found at -
https://saicawebprstorage.blob.core.windows.net/uploads/resources/ED-405-on-Proposed-
revisions-to-the-Headline-earnings-Circular-September-2022.pdf
The above does not constitute amendments to the Requirements.
20 September 2022
Date: 20-09-2022 12:43:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
