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 EVENTS Macro and Risk Management Conference 2026 The Absa Macro and Risk Management Conference underscores Absa’s commitment to helping clients make sense of global volatility and translate it into actionable African strategy. By convening world-class thinkers, the conference challenges institutional investors and corporate leaders to look beyond the noise of tariffs, wars, and economic turbulence — and focus on long-term opportunities for growth, resilience, and regional collaboration. Read more RISK MANAGEMENT Connecting South Africa’s automotive ecosystem through change South Africa’s automotive industry has changed substantially over the past five years, with greater competition, changing vehicle-price dynamics and the emergence of new-energy vehicles altering both the economics of vehicle ownership and the structure of the market around it. Read more RISK MANAGEMENT Why Ghana’s Insurance Opportunity Extends Beyond Traditional Distribution A few weeks ago, I spent some time in Accra alongside Nana Yaa Sakyibea Vanderpujie, Head of NBFI at Absa Ghana, meeting CEOs, CFOs and senior executives from across Ghana’s insurance sector. Read more
