This paper outlines the key tax considerations arising from the transition of legacy financial contracts from Jibar to ZARONIA. Prepared by the Market Practitioners Group’s Accounting and Tax Workstream, it examines potential tax implications across affected instruments and taxpayers, with a view to supporting contractual continuity, economic equivalence and tax certainty ahead of Jibar cessation. Please provide comments to MPGsecretariat@resbank.co.za by 21 May 2026.