Loading…
South Africa's Reserve Bank moved the cessation date for the Jibar interest rate benchmark from 31 December 2026 to 31 May 2027. Deputy Governor Rashad Cassim said Jibar still underlies more than R98 trillion of derivatives, compared with over R18.5 trillion linked to its replacement, ZARONIA.
The delay follows the need for legislation covering legacy contracts.
The delay gives market participants more time to convert benchmark-linked contracts, reducing near-term disruption risk in South African rate-linked finance. It has no direct effect on agricultural commodity prices.
randdesk.co.zaRand Desk NewsroomNov 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
