PROTECTION OF PERSONAL INFORMATION ACT (POPI ACT) – Unpacked

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Courtesy: The Banking Association of South Africa

BACKGROUND 

South Africa became a democracy in 1994.  This development led to the development of the Bill of Rights which expressly provides for the protection of the right to privacy of individuals.

In South Africa the right to privacy is protected in terms of both our common law and in section 14 of the Constitution. The common law protects rights of personality under the broad umbrella of the actio injuriarum .  In terms of the common law the right to privacy is limited by the rights of others and the public interest.  The recognition and protection of the right to privacy as a fundamental human right in the Constitution provides an indication of its importance. The constitutional right to privacy is, like its common law contemporary, not an absolute right but may be limited in terms of our law of general application and has to be balanced with other rights entrenched in the Constitution.   

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FLISP FINANCING

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The Department of Human Settlements offers a housing subsidy for low income, first time home owners by way of FLISP (Finance Linked Individual Subsidy Programme).

Successful applicants will have a combined household income between R3 501 – R15 000; be South African citizens, or have permanent residence permits; will not have qualified for a government housing subsidy before; will not have owned a residential property before; will be competent to contract; and will be married, or cohabiting, or single with financial dependents.   

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GUIDELINES FOR ONLINE REGISTRATION FOR THE ISSUING OF FIDELITY FUND CERTIFICATES (FFC’s)

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Welcome to the EAAB Online Registration page for the issuing of Fidelity Fund Certificates.  MyEAAB is a web-based system permitting you, as an estate agent to:

  • Maintain your individual profile
  • Register and/ or renew your Fidelity Fund Certificate/s
  • Check your Fidelity Fund Certiicate staus
  • Check your Professional Education Examination (PDE) status and register for the examination, and so much more…

Before you continue with your transaction, please ensure you have read and understood the registration guideline below as this will assist in speeding up the processing and issuing of your Fidelity Fund Certificate.  

Read moreGUIDELINES FOR ONLINE REGISTRATION FOR THE ISSUING OF FIDELITY FUND CERTIFICATES (FFC’s)

DITASA Real Estate Rescue Plan

Chartall Business College has been appointed by Services SETA to assist and support all the learners who were enrolled, but not exited, by DITASA on these two qualifications:-

o FETC: Real Estate, NQF Level 4 (SAQA ID: 59097) and
o NC: Real Estate, NQF Level 5 (SAQA ID: 20188)

Chartall Business College and Services SETA met in August to put together a rollout plan and assessment strategy. Service SETA is in the process of arranging the collection and delivery of all portfolios still with DITASA. Chartall Business College is waiting for the arrival of these portfolios.  

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Property Sector Charter Council

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PROPERTY INSIGHT (No.145)

Following release of the review of the South African property sector market size being a whopping R5.8 Trillion made up of 4 industries.

The registered South African Residential Property Market comprises of 6.1 million properties worth R3.9 trillion.

The two graphs below depict how the Residential market is divided into 2 types:

  • Formal Residential
  • Informal residential (excluded in the count),

As well as the geographical split in numbers from the provinces.  

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The Protection of Personal Information Act (PoPI)

The National Assembly has on 7 September 2016 voted in favour of the nomination of Advocate Pansy Tlakula as the Chairperson of the Information Regulator and Advocate Lebogang Stroom and Johannes Weapond, as full time members of the Information Regulator, with Professor Tana Pistorius and Sizwe Snail as part-time members. The appointment of Advocate Tlakula and the members of the Information Regulator is subject to the confirmation by the President of South Africa.  

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NOTICE ISSUE PAPER ON GUIDANCE REQUIRED TO IMPLEMENT THE FINANCIAL INTELLIGENCE CENTRE AMENDMENT BILL, 2016

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Wednesday, 17 August 2016: The Financial Intelligence Centre (the FIC) in consultation with National Treasury, South African Reserve Bank and the Financial Services Board has published an Issue Paper on guidance required to implement the FIC Amendment Bill, 2016, on the FIC’s website today. Click here to read the Issue Paper.

The purpose of the Issue Paper is to elicit comments on aspects where accountable institutions will require guidance when the amendments to the Financial Intelligence Centre Act, 2001 (the FIC Act) take effect. The responses from commentators to the focus areas discussed in the Issue Paper will assist the FIC in developing a more comprehensive set of guidance products which will assist accountable institutions with the transition from a rules-based approach to a risk-based approach as well as to effectively implement the customer due diligence requirements that will be new to the FIC Act.  

Method of Submission

Respondents are requested to submit online written comments, representations or requests to the FIC electronically via an online response form which can be accessed by clicking here.

The online commentary period opens 01 September 2016 and closes 19 September 2016. Respondent institutions forming part of an accountable institution group (comprising more than one accountable institution) are requested to submit one response encompassing all responses from that group.

The FIC can be contacted for further information at the following telephone numbers:

Ms Poovindree Naidoo (012) 641 6236 / Ms Adri Potgieter (012) 641 6252.

Issued by: The Financial Intelligence Centre 17 August 2016

REBOSA 5 September 2016 Report

Dear Colleagues

Spring has arrived and the end of the year is in sight.  We have had an extraordinarily busy past month.  One of the highlights was hosting the NAR delegation and for those of you who could not attend the talk given by NAR’s President, Tom Salomone, I have included a link to one of his previous talks which includes similar touch points to the ones he shared with us in Cape Town.  I have also included presentations from ABSA and Private Property which many agents who attended the event found interesting.  Please visit our website for more on this.

The EAAB have opened a satellite office in Cape Town and their contact details are included below.

Read moreREBOSA 5 September 2016 Report