Major shifts coming for banks and interest rates in South Africa!

October 23, 2024 By: 0 comments

<p><img src=”https://biz-file.com/c/2410/755182-208×117.jpg?5″ width=”208″ height=”117″ alt=”Source:” align=”left”><br><span >Source: [[https://www.pexels.com/search/Joburg%20cityscape/ Pexels]]&lt;/span><p>The Johannesburg Interbank Average Rate (JIBAR), a key benchmark for South African banks, will be replaced by the South African Rand Overnight Index Average (ZARONIA) after the Market Practitioner’s Group adopted it as the new Alternative Reference Rate (ARR).</p><br> <a href=”https://www.bizcommunity.com/article/major-shifts-coming-for-banks-and-interest-rates-in-south-africa-818933a”>Read more…</a> | </p><div style=”clear:left”></div>