I/We hereby authorize you to issue and deliver payment instruction to your Banker for collection against my/our above-mentioned Bank (or any other bank or branch to which I/ We may transfer my/our account) on condition that the sum of such payment instructions will never exceed my/our obligations as agreed to in the Agreement and commencing on and continuing until this Authority and Mandate is terminated by me/us by giving you one calendar’s notice in writing.The individual payment instructions so authorized to be issued must be issued and delivered monthly (on the first day of every month).

In the event that the payment day falls on Sunday, or recognized South Africa public holiday, the payment will automatically be the very next ordinary business day.

I/We understand that the withdrawals hereby authorized will be processed through a computerized system provided by the South African Banks. I also understand that the details of each withdrawal will be printed on my bank statement. Such must contain a number, which must be included in the said payment instruction and if provided to me should enable me to identify the Agreement. This number must be added to this form in Section E before the issuing of any payment instruction.