the Transition Work Stream, chaired by Mr Paul Burgoyne from Standard Bank;  v.  the Governance Work Stream, chaired by Ms Elmarie Hamman from the Financial Sector Conduct Authority; and recently  vi. the Communications Work Stream, chaired by Mr Zafar Parker from the SARB.
Collectively, the effort of these work streams and the Financial Markets Department of the SARB has culminated in an important body of work that will underpin South Africa’s transition to alternative reference rates. We see this transition process as one which entails multiple and carefully sequenced steps, beginning with the stabilisation of the Jibar to secure the transition period.