Moreover, it would not be feasible for the Bank to conduct such large-scale asset purchases through its regular open-market operations. This would mean a large-scale purchase of domestic securities by the RBA, but there simply is not a large enough pool of such assets that the Reserve Bank is willing to hold on an outright basis.
Salient features of the MZANSI Account are: •  The product is card based and launched at a very affordable price  •  It is first of two 'first order savings / transmission products' aimed at extending penetration of banks into first order markets.