As a result, the bad book will no longer form part of African Bank –  the bad book currently has a book value net of specific impairments of R 17 billion for which the SARB will pay R 7 billion  –  collection against the bad book will be continued, and indeed strengthened: there is no payment holiday for anyone owing on a loan from African Bank  Every effort will be made to ensure that collections continue with the goal of avoiding any cost to the taxpayer arising out of this measure.
A claw back arrangement will be put in place for the bad book to the extent that performance exceeds expectations.