Transition status
Strate has launched the JIBAR-to-ZARONIA transition status dashboard, a digital platform that gives market participants direct access to transition information and market progress statistics on South Africa’s benchmark reform programme.
The dashboard provides a single, authoritative source of transition information, sourced from Strate’s approved transition records, and enhances transparency across the market. Through the platform, stakeholders can monitor the status of instruments transitioning from JIBAR to ZARONIA, view market-wide migration progress and access regularly updated statistics across money market, listed bond and unlisted bond securities.
Historically, Strate has distributed transition statistics by daily email. The dashboard complements and modernises this process, giving stakeholders a centralised digital channel to access the latest approved information at any time.
By bringing this information together in one place, the dashboard supports operational readiness, market transparency, risk management and governance for issuers, issuer agents, CSD Participants, custodians, investors, treasury teams, operations teams and risk and compliance functions involved in South Africa’s benchmark reform programme.
Current date : 16 September 2026
| Security type | ISINs pending transition | ISINs ready for transition | ISINs transitioned | Total number of ISINs |
|---|---|---|---|---|
| Listed bonds | 2 062 (100%) | – | – | 2 062 |
| Unlisted bonds | 251 (98.8%) | – | 3 (1.2%) | 254 |
| Money market | 950 (65.9%) | 341 (23.6%) | 151 (10.5%) | 1 442 |
| Overall | 3 263 (86.8%) | 341 (9.1%) | 154 (4.1%) | 3 758 |
- 3 263 ISINs pending transition 86.8%
- 341 ISINs ready for transition 9.1%
- 154 ISINs transitioned 4.1%
- 3 758 Total number of ISINs
- 13.2% Transitioned and Ready for transition 13.2%
Percentages are calculated against the total number of ISINs for each security type.
