# Opening remarks - 2026 Market Practitioners Group Conference

> South African Reserve Bank Deputy Governor Rashad Cassim discussed the transition from the Johannesburg Interbank Average Rate (Jibar) to the South African Rand Overnight Index Average (ZARONIA). He said ZARONIA is based on high volumes of overnight wholesale deposit transactions and described the challenges of replacing a benchmark used in financial contracts.

- Date: 2026-11-09 · published 2026-11-10T00:12:28.130Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/90382-opening-remarks-2026-market-practitioners-group-conference
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The remarks concern South African financial benchmark reform and do not identify a direct feed-commodity supply or demand mechanism.

## Sources

- bis.org: https://www.bis.org/speeches/20261109-opening-remarks-2026-market-practitioners-group-conference

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