What is the Johannesburg Interbank Agreed Rate (JIBAR)?
JIBAR is a market indicator and a benchmark for various interest rates in South Africa.
How Does the Johannesburg Interbank Agreed Rate (JIBAR) Work?
JIBAR calculates the average one-month, three-month, six-month, and 12-month rates. It is published daily. The rate helps determine the rates at which banks lend money to each other.
Why Does the Johannesburg Interbank Agreed Rate (JIBAR) Matter?
The Johannesburg Interbank Agreed Rate (JIBAR) is a short-term money market rate offered by local and foreign banks in South Africa. It is somewhat similar in concept to the London Interbank Offered Rate (LIBOR) that originates in the United Kingdom.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
