The User may be required to provide ZAR X with contact information (such as name and email address) that ZAR X will use solely to contact the User regarding products or services advertised or offered via the Website that the User has expressed an interest in procuring. In certain instances, the User may also be required to provide financial information to ZAR X via the Website, for example for billing purposes.
The Website will collect Personal Information that the User willingly and voluntarily provides, as well as general information about User, for example the User’s language selection, the number of pages visited, and certain technical information regarding the User’s computer and operating systems.
ZAR X reserves the right to disclose User’s Personal Information under the following circumstances:
With the User’s permission, ZAR X may also transfer information about the User to any future acquirer of ZAR X.
ZAR X maintains physical, electronic and procedural safeguards that comply with applicable laws and regulations to protect the confidentiality of Users’ Personal Information. However, as there are no methods of data transmission or storage exist which are 100% secure, ZAR X does not guarantee the absolute security of a User’s Personal Information.
WHAT IS POPI?
THE PROTECTION OF PERSONAL INFORMATION ACT EXPLAINED
In simple terms, the purpose of the PoPI Act is to ensure that all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity's personal information by holding them accountable should they abuse or compromise personal information in any way. The PoPI legislation aims to bestow upon the owner of the personal information certain rights of protection and the ability to exercise control over:
Examples of Personal Information for an individual could include:
The right to protection of "personal information" is applicable not only to a natural person (i.e. an individual) but also to any legal entity, including companies and communities or other legally recognised organisations. All of these entities are considered to be "data subjects" and are afforded the same right to protection of their information.
POPI: STATUS AS AT JUNE 2016
Certain sections of the POPI Act have already been implemented (under proclamation No. R. 25, 2014), but the majority of POPI (and specifically the sections that are more likely to lead to compliance requirements) will only commence at a later, as yet unknown date. This date is yet to be proclaimed by the President.
POPI: SECTIONS OF THE ACT WHICH HAVE BEEN IMPLEMENTED.
DEFINITIONS (SECTION 1):
This section does not create any laws itself, but is necessary for other sections.
THE INFORMATION REGULATOR (PART A OF CHAPTER 5):
Part A deals with the establishment, staffing, powers and meetings of the Information Regulator.
REGULATIONS (SECTION 112):
The Minister and the Information Regulator are now able to create regulations.
PROCEDURE FOR CREATION OF REGULATIONS (SECTION 113):
The procedure for creating regulations is now in place. There are no regulations as yet, and there are no expectations for the creation of any draft regulations before July 2016.
POPI: NEXT STEPS
The President is to appoint the Information Regulator. The start date for the implementation of POPI in earnest is currently anticipated to be towards the end of 2016. There will follow a one-year grace period that could be used by the Information Regulator to finalise the implementation. Currently it is anticipated that POPI compliance will only be enforced from the end of 2017.
The User can set their Web browser to:
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The User will be notified in the event that ZAR X makes material changes to the Policy, either via email or by means of a notice on the Website
© Copyright 2016. ZAR X (Pty) Ltd., All rights reserved.
This document is part of series of documents providing a holistic view of the full trading and information services available from ZAR X Exchange.
For reference some of those documents are outlined below:
Copyright © July 2016 ZAR X (Pty) Ltd.
ZAR X (Pty) Ltd. has used all reasonable efforts to ensure that the information contained in this publication is correct, but shall not be liable for decisions made in reliance on it.
ZAR X is a registered trade mark of ZAR X (Pty) Ltd.