Strate is pleased to share a significant market milestone: Investec Corporate and Investment Banking (Treasury) has successfully transitioned five money market ISINs from JIBAR to ZARONIA, effective 25 May 2026, making Investec the first money market issuer to do so.

This milestone reflects the strong collaboration between market participants, including issuers, exchanges and Strate. It marks meaningful progress in the South African market’s benchmark reform journey.

The voluntary migration window for bonds and money market instruments to transition to ZARONIA remains open until 31 December 2026; the mandatory regulatory transition period takes effect on 1 January 2027.

For queries, please contact CSD Services at CSD-Services@strate.co.za.