Tag: Negotiable Certificates of Deposit (NCD)
Navigating the transition from JIBAR to ZARONIA – South Africa’s benchmark...
The South African Reserve Bank (SARB) recently announced the completion of the observation period for the South African Rand Overnight Index Average (ZARONIA). This development marks a pivotal shift in South Africa’s financial landscape, transitioning from the Johannesburg Interbank Average Rate (JIBAR) to ZARONIA as the primary reference rate.
