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SA secures approval to replace JIBAR with ZARONIA on R112.9bn notes
South Africa’s National Treasury has secured noteholder approval to replace the Johannesburg Interbank Average Rate (JIBAR) with the compounded South African Rand Overnight Index Average (Compounded ZARONIA) on floating-rate notes with a combined outstanding value of R112.9 billion.
Windhoek ObserverBy Staff Writer8 Oct 2026, 04:06 am
South Africa’s National Treasury has secured noteholder approval to replace the Johannesburg Interbank Average Rate (JIBAR) with the compounded South African Rand Overnight Index Average (Compounded ZARONIA) on floating-rate notes with a combined outstanding value of R112.9 billion.
Originally published by Windhoek Observer on 8 Oct 2026, 04:06 am. View original article