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PA GROUP'S ORIGINATION CONTRACTS RENEWED

PA GROUP'S ORIGINATION CONTRACTS RENEWED


Rudi Botha, CEO of the PA Group is pleased to announce that they have successfully renewed their bond origination contracts with all four major
banks in South Africa and that it is now business as usual for their origination business's Betterbond and Mortgage Alliance. The fact that
Standard Bank also re-signed our bond origination contract should enhance our volumes by at least 30% says Botha.


The announcement follows wide-spread media reports that banks are renegotiating home loan submission contracts and commission structures with
the various mortgage originators.


Commenting on the above, Rudi Botha says: "As the largest originator in South Africa, we are pleased that the banks support our value proposition in
the market place and that we can now proceed to secure the best deal for our customers."


Business as usual For the mortgage originator it's business as usual in the workplace. "We are working hard to exceed the service delivery requirements of banks, agents and consumers," adds Botha, stating that quality deals will differentiate the winners from the losers in turbulent times. This is a challenging task
in a credit crippled South Africa, seeing that mortgage originators are responsible for securing their clients the most suitable home loan solution.



This is done at no cost to the client whatsoever as bond originators take commission from the bank the client chooses to sign up with. All the more
reason for consumers to use bond originating services in difficult economic times - they know of all the products available at each bank and can
therefore secure a financially feasible deal by saving consumers lots of paperwork, money and time.



ISSUED BY GREEN GRAPES COMMUNICATIONS



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