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As a result of African Bank being placed under curatorship, which occurred on 10 August 2014, Sanlam Collective Investments (RF) (Pty) Ltd immediately wrote down the relevant asset values to levels in line with where the market priced these impaired assets. A very small portion of our funds is still exposed to African Bank debt instruments.
Should you require any further details, please contact our Client Contact Centre on 0860 100 266.