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 RISK MANAGEMENT Why Mauritius remains central to Africa’s next growth corridor On 1 April 2021, India signed the Comprehensive Economic Cooperation and Partnership Agreement, its first trade agreement with an African country. It was signed not with a mining economy or a manufacturing powerhouse, but with Mauritius, a jurisdiction whose value has less to do with the size of its own market than with what businesses can do from inside it. Read more RISK MANAGEMENT Global Treasury Transformation. Local Market Execution. As treasury enters the age of AI, finance leaders are rethinking everything from liquidity management and forecasting to payments, working capital and cross-border transactions. Read more RISK MANAGEMENT Absa strengthens Africa–GCC trade and investment connectivity through DIFC Absa Corporate and Investment Banking is strengthening its international corridor network through its presence in the Dubai International Financial Centre (DIFC) Read more
