Row rect Shape Decorative svg added to bottom RISK MANAGEMENT | April 2026 No New JIBAR Prohibition Absa | Corporate and Investment Banking > Insights and Events > No New JIBAR Prohibition SHARE With nine months remaining until the formal cessation of the Johannesburg Interbank Average Rate (JIBAR) on 31 December 2026, the South African Reserve Bank Prudential Authority (SARB PA) and the Financial Sector Conduct Authority (FSCA), together “the Authorities”, have issued a joint communication instructing financial institutions to stop initiating new JIBAR-linked transactions, products and exposures from 1 May 2026. This forms part of the broader market transition from JIBAR to the South African Rand Overnight Index Average (ZARONIA), the recommended alternative reference rate. Regulatory update for market participants: Zaronia Carousel (opens in new tab) Cross-border payment mechanisms are central to Africa’s regional integration agenda. At Absa, we see them as the foundation for deeper trade, investment, and financial inclusion. Download Carousel(opens in new tab) https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles EVENT Absa Africa Financial Markets Index 2026 Launch Join us for the launch of the 10th edition of the Absa Africa Financial Markets Index (AFMI), a milestone edition marking a decade of tracking the development of financial markets across Africa. Read more RISK MANAGEMENT Meeting the New Demands of Pension Fund Custody in Africa The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. Read more PRESS RELEASE Absa Appointed Master Custodian to the Government Employees Pension Fund Absa has been appointed Master Custodian to the Government Employees Pension Fund (GEPF), Africa’s largest pension fund with more than A R3 trillion pension worth assets under management. Read more
