# FTSE Russell launches FTSE Term ZARONIA to support South Africa's benchmark transition

> FTSE Russell announced the launch of FTSE Term ZARONIA, a forward-looking interest rate benchmark based on the South African rand overnight index. It is designed to support the transition away from JIBAR.

- Date: 2026-11-03 · published 2026-11-03T12:09:58.894Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/77564-ftse-russell-launches-ftse-term-zaronia-to-support-south-africa-s-benchmark
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The benchmark concerns financial market plumbing for South African borrowers and lenders and has no meaningful effect on feed commodity supply, demand or prices.

## Sources

- lseg.com: https://www.lseg.com/en/media-centre/press-releases/ftse-russell/2026/ftse-russell-term-zaronia-benchmark-launch

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.