South Africa’s fixed income market participants are actively preparing to transition from the longstanding forward-looking contract reference rate, JIBAR, to the new backward-looking rate, ZARONIA.

In the fourth episode of our Corporate Conversations series, Eulali Gouws, Head of Money Market at STANLIB Asset Management, talks briefly about how bond and money market participants should be adjusting benchmark rates from JIBAR to ZARONIA, for both legacy and future contracts. She also explains the steps that regulators are taking to facilitate the transition.