It said although such borrowing was costly, it met a need for people who could not otherwise borrow cash".
After the company's financial reports are published, the company borrows cash and repurchases its original assets.
The banks in effect borrow cash and must pay it back; the short durations allow interest rates to be adjusted continually.
And that's fabulous news if you need to borrow cash.
South Africa badly needs rebuilding after years as a global outcast, but it could borrow cash to do so only at loan-shark rates.
The largely symbolic move will have little tangible impact on the economy because banks can already borrow cash for next to nothing.
It is possible to borrow and lend cash at a known constant risk-free interest rate.
The commercial real estate market is paralyzed, the stock market has fallen and many companies are finding it hard to borrow cash.
Another concern over evidence it has allowed children to borrow cash.
This month, Congress approved legislation to set aside $1billion so governments could borrow cash to help meet operating expenses.