JIBAR Discontinuation to Impact South African Finance

On 3 December 2025, the South African Reserve Bank (SARB) confirmed that the Johannesburg Interbank Average Rate (JIBAR) will be discontinued. JIBAR has long been the benchmark interest rate used for determining the cost of borrowing in South Africa, influencing everything from corporate loans to home mortgages.

The transition to a new reference rate is expected to modernize the financial system and align South Africa with global standards. However, consumers and businesses with variable-rate loans linked to JIBAR should prepare for potential adjustments in how their interest is calculated in the coming months.

---

**Related:** - How interest rates affect your debt review - Check your credit score - Find a debt counsellor for advice