Privacy Policy

The POPI Act broadly requires businesses to limit their use of personal data and get consent before using it, and let users withdraw their consent later on. To make sure the consent is informed we employ The Protection of Personal Information Act, 2013 (“POPIA”) provides for 8 Data protection Information principles in order to ensure the protection of all data that relates to companies, staff, and Clients. The Promotion of Access to Information Act, 2 of 2000 provides for access to such information and in which instances it may be refused.

Natural person- A human being

Juristic person – an independent legal entity such as a company.

Responsible party- the person or organization that decides what personal information is processed and why.

Data subject- the person (or other legal entity) that the personal information is about.

Appointment of the Information Officer:

Assets Capital Loans has appointed an Information Officer, who will be responsible for ensuring that Assets Capital Loans has been properly informed and trained on ensuring the safekeeping and protection of Information in Assets Capital Loans and that the required processes are implemented to ensure compliance.

The Information Officer can be contacted at Tel: 013 692 0897 or Email: witbank@assetsloans.co.za

Assets Capital Loans will collect the necessary information from Data Subjects for various purposes, including the following:

Accountability– Important through all stages of interaction with personal information.

Minimality– Only processing personal information that is relevant and only to the point needed for the stated purpose.

Openness– Only process personal data after updating PAIA manual, providing the Regulator with prior notification (if necessary), and informing the data subject

Security Safeguards– Identify all reasonably foreseeable internal and external risks to personal information in its possession or under its control and implement controls for maintaining integrity & confidentiality

Further Processing Limitation -Further processing must be compatible with original purpose Be aware of the potential consequences of further processing Take note of any contractual rights and obligations .Take steps to prevent further processing of personal data

Data mining must not exceed original purpose of collection Allow retention for historical, statistical or research purposes

Information Quality-Take reasonably practicable steps to ensure that the personal information is complete, accurate, not misleading and updated where necessary Be aware of the impact the integrity of personal data has on the purpose for collecting personal data

Action Plan- Identify the legitimate business purposes for processing data. Establish a register of personal data being processed Obtain prior authorization from the Information Regulator of processing of personal data when required Contact and communicate with data subjects Obtain consent from data subjects when necessary Enable data subjects to object to processing of personal data

Purpose Specification-Collection of personal information must be for a specifically defined, lawful purpose related to a function or activity of the responsible party Data subject must be aware of the purpose of collecting data The purpose for processing personal information must be clear

Why and How Assets Capital Loans is collecting the information:

• Assets Capital Loans may collect some personal information including client name, address, phone number, email address, payment card information, and/or certain additional categories of information as a result of using/receiving financial services, purchasing financial products, and using websites and other services. Assets Capital Loans will keep this information in a contact database for future reference, or as needed.

• Marketing Purposes-Assets Capital Loans may use certain Information provided by Data Subjects to offer them further services that Assets Capital  Loans believes may be of interest to them or for market research purposes. These services are subject to prior consent being obtained from Data Subjects. If a Data Subject no longer wishes to receive further services or offers from Assets Capital Loans, IT may unsubscribe from the services or contact the Information Officer at the contact details provided above.

• Usage and Web server logs: Assets Capital Loans may track information about a Data Subject’s usage and visits on the Assets Capital Loans website. This Information may be stored in usage or web server logs, which are records of the activities on Assets Capital   Loans’ services, products or sites. Assets Capital Loans’ servers automatically capture and save such Information electronically. Some examples of the Information that may collected include the Data Subject’s:

  • Unique Internet protocol address.
  • Name of the Data Subject’s the unique Internet Service Provider.
  • The city, state, and country from which a Data Subject accesses Assets Capital Loans’ website.
  • The date and time of visits to the site.
  • The web page from which the Data Subject arrived on Assets Capital Loans’ site.
  • The pages viewed on the site.
  • The information collected in usage or web server logs help Assets Capital Loans to have full administration of the services, products and sites, protect the product and/or website and content from inappropriate use and improve the user’s experience.

Data Subjects have the right to request a copy of the Information that Assets Capital Loans hold on them or their business. Should a Data Subject wish to obtain any such information, the Data Subject may request it by contacting the Information Officer on the details provided.

Assets Capital Loans will not disclose or share Information relating to any Data Subject unless: it is specifically agreed with the Data Subject; it is already publicly available or in the interests of the public; required in terms of Law or if Assets Capital  Loans believes in good faith that the Law requires disclosure 

User Supplied Information: The Data Subject may be required to provide some personal information, for example, his/her name, address, phone number, email address, payment card information (if applicable), and/or certain additional categories of information as a result of using/receiving financial services, purchasing financial products, and using websites and related services. Assets Capital Loans will keep this information in a contact database for future reference, as needed.

Marketing: Assets Capital Loans may use certain Information provided by Data Subjects to offer them further services that Assets Capital  Loans believes may be of interest to them or for market research surveys. These services are subject to prior consent being obtained from Data Subjects. If a Data Subject no longer wishes to receive further services or offers from Assets Capital Loans, IT may unsubscribe from the services or contact the Information Officer on the contact details provided.

Amending/Updating/Deletion of Information:

The Data Subjects are required to inform Assets Capital Loans should there be any changes to the Information kept by Assets Capital Loans. A Data Subject may request Assets Capital Loans to correct, amend, update or delete its Information at any time when applying or making use of any financial products or services of Assets Capital Loans, by contacting the Information Officer at the contact details provided. Assets Capital Loans will take all reasonable steps to confirm the Data Subject’s identity before making changes to any information previously provided by the Data Subject:

• Assets Capital Loans will take all reasonable precautions to protect Information from loss, misuse, disclosure, alteration and destruction.

• Assets Capital Loans will not sell, rent, or lease mailing lists with Information to third parties and will not make a Data Subject’s Information available to any unaffiliated parties unless as agreed with the Data Subject in writing or as required in terms of any Law.

• Assets Capital Loans is legally obliged to provide sufficient protection of Information, hold and prevent unauthorised access and use of Information, Assets Capital Loans is therefore committed to ensure that all Information of the Data Subject will be kept safe and secure and not be disclosed to any unauthorized third parties, without the consent of the relevant Data Subject.

• The Responsible party – is not allowed to disclose any Information to any unauthorized third party as it may lead to a disciplinary action and imminent dismissal.