21 August 2025
Article
Out with the old, in with the new: transitioning from JIBAR to ZARONIA
The Johannesburg Interbank Average Rate (JIBAR) will be replaced by a new benchmark rate, the South
African Rand Overnight Index Average (ZARONIA). While no formal announcement has been made to the
discontinuation of JIBAR, the proposed transition timeline indicates such announcement for the
cessation of JIBAR will be made this year, and its complete discontinuation by the end of2026.
Banking, Finance
& Projects3 min read
