South Africa's financial markets are heading for a shake-up as the country officially enters the final phase of one of the biggest benchmark reforms in decades. The South African Reserve Bank has confirmed that the Johannesburg Interbank Average Rate, known as JIBAR, will be discontinued at the end of next year. It will be replaced with ZARONIA, a newer and more accurate method of measuring the true cost of money in the banking system, starting at the end of December 2026.

Dimakatso Leshoro has the details.

South Africa's financial markets are heading for a shake-up as the country officially enters the final phase of one of the biggest benchmark reforms in decades. The South African Reserve Bank has confirmed that the Johannesburg Interbank Average Rate, known as JIBAR, will be discontinued at the end of next year. It will be replaced with ZARONIA, a newer and more accurate method of measuring the true cost of money in the banking system, starting at the end of December 2026.
Dimakatso Leshoro has the details.

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