LGBLaw

https://www.moneyweb.co.za/news/south-africa/can-sasria-honour-claims-of-up-to-r30bn/

Can Sasria honour claims of up to R30bn? It has less than R7bn available.

https://www.facebook.com/181302708589426/posts/4036694996383492/

#ZumaUnrest: Billions in claims expected from businesses, but only one insurer can pay out | Fin24 Only one insurer - the state-owned Sasria - will pay out claims related to political violence.

LEKKER FM NUUS – PAS BEKEND! Die voormalige president, Jacob Zuma, moet binne 5 dae by polisie aanmeld nadat hy vanoggend deur die konstitusionele hof tot 15 maande tronkstraf gevonnis is weens minagting van die hof. Dit volg nadat hy verlede jaar November sonder toestemming uit ’n sitting van die Zondo-kommissie van ondersoek na staatskaping gestap het. Die kommissie het hom toe tot die konstitusionele hof gewend en gevra dat die oudpresident gedwing word om te verskyn. Toe hy weier om na die kommissie terug te keer het hulle by die hof aansoek gedoen om hom aan minagting van die hof skuldig te bevind. Zuma moet ook alle regskostes betaal.
Foto: Businesslive.co.za

Happy Mother's day!

Let us assist you with your POPIA compliance!

Countdown to South Africa’s new data laws – What to expect The 100-day countdown to the implementation of POPIA is underway – here is what you need to know.

A bit of humour on this Monday!

Yes! 🤣

Please take note.

Some South Africans who have bought in recent years are being audited by , who has sent them letters requiring more information about these investments.

Our very own Thomas Lobban, Legal Manager for Cross-Border Taxation says that some have received audit letters that request that they provide reasons for their cryptocurrency investments, and further provide letters from trading platforms to confirm such investments.

Contrary to what many traders and investors believe, cryptocurrency investments can be tracked and traced with the correct expertise and resources, warns Lobban. Bank transfers by a taxpayer to a cryptocurrency platform can be traced, and SARS is building technical expertise to allow other sleuthing capabilities. “Remember, does not forget and once you have clicked on even a cryptocurrency ad, your digital footprint is already there,” says Lobban. He further adds that taxpayers who fail to correctly disclose their cryptocurrency-related income or comply with an audit request by SARS may be convicted for an offense and be liable to a fine or imprisonment for up to two years.

As sourced from Business Insider

To consult and ensure that you remain tax compliant, please contact us at [email protected]

Click here to read the full article: https://www.taxconsulting.co.za/sars-is-cracking-down-on-cryptocurrency-owners/

https://mybroadband.co.za/news/business/388986-takealot-under-siege.html

Happy International Women's day.

Picture credit: Lawyer Issues

https://www.iol.co.za/pretoria-news/news/digital-letter-now-allowed-as-demand-for-payment-789233fa-da13-4f89-b744-2c8aede3b192

Digital letter now allowed as demand for payment In the past consumers received these notices through registered post

POPI Compliance, we can help.

The accuracy 😂

People always want to litigate, not realising how expensive the process can be. We aim to motivate clients to opt for the mediation process, which is cost effective and less time consuming.

Some humour to get us through the week. 😂

Some midweek humor!

🎊🎊🎊

NEWS: You can now find heads of argument on SAFLII! SAFLII has provided access to heads of argument for Constitutional Court cases from 2016 to the present. These documents give an outline of the main points being argued by each side, including the disputed facts; relevant authority; application of the authority to the facts and the conclusion. Being able to draft heads of argument well can make a world of difference to your case! Now you can refer to these documents, drafted by the best advocates in the country, in litigation in our top court, while browsing through SAFLII. Simply click the link under "Heads of arguments".

How LGBLaw can assist you with complying with the POPIA:
- Do an assessment of your current risk of non compliance.
- Implementing and reviewing company policies.
- Training of employees so they can understand the implications of the Act.

A new update of information actually obtained with the breach.

https://www.iafrikan.com/2020/09/01/experian-data-breach-database-public-data-information-south-africa/

Read our opinion by clicking on the picture below.

RECENT EXPERIAN DATA BREACH:

What personal details of as many as 24 million South Africans were actually exposed and why are the banks seemingly worried but not Experian?

Where do the spammers actually get our names, birth dates, family relationships, addresses and other contact details from?
I believe this matter deserves thorough investigation by the National Credit Regulator. Credit bureaus must be registered under the National Credit Act (“NCA”) and are regulated by the National Credit Regulator.

The Regulator should inter alia ascertain whether any confidential information was obtained, and also whether any consumer credit information was obtained.

Confidential Information:
A credit bureau receives, compiles, retains and reports on confidential information (personal information that belongs to a person and is not generally available to or known by others) pertaining to a consumer or prospective consumer and is legally obliged to protect the confidentiality of that information in terms of not only the Protection of Personal Information Act(“ POPIA “ - which is not yet in full force and effect - but also in terms of section 68 of the NCA.

As such a credit bureau must use that information only for a purpose permitted or required in terms of the NCA, or other national legislation or applicable provincial legislation, and release that information only to the consumer or prospective consumer, or to another person to the extent permitted or required by the NCA , other national legislation or applicable provincial legislation, or as directed by the instructions of the consumer or prospective consumer or an order of a court or the National Consumer Tribunal.

Consumer Credit Information:
The term “consumer credit information” not only includes information concerning a person’s credit history, financial history, past and current income, assets and debts, but also a person’s education, employment, career, professional or business history, including the circumstances of termination of any employment, career, professional or business relationship, and a person’s name, date of birth, identity number, marital status and family relationships, past and current addresses and other contact details.
There is a legal obligation on a registered credit bureau to maintain its records of consumer credit information in a manner that satisfies prescribed standards. These standards include protection against accidental, unlawful destruction and unlawful intrusion as well as protection against unauthorised disclosure or access by unauthorised persons.

A credit bureau report may only be issued to a person who requires it for certain limited purposes. Marketing leads for insurance and credit-related services are not a permitted under the NCA.

Annual Compliance Report:
A registered credit bureau must submit to the National Credit Regulator an annual compliance report, certified by an independent auditor, addressing inter alia the adequacy of procedures employed by it to ensure that confidentiality of data is maintained and all relevant legislation concerning the privacy and confidentiality of information is complied with. This report and the auditor’s compliance work would also require scrutiny.
Penalty:
The maximum fine the National Consumer Tribunal may impose in respect of prohibited or required conduct may not exceed the greater of 10 per cent of the credit bureau’s annual turnover during the preceding financial year or R1 000 000.

RECENT EXPERIAN DATA BREACH:

What personal details of as many as 24 million South Africans were actually exposed and why are the banks seemingly worried but not Experian?

Where do the spammers actually get our names, birth dates, family relationships, addresses and other contact details from?
I believe this matter deserves thorough investigation by the National Credit Regulator. Credit bureaus must be registered under the National Credit Act (“NCA”) and are regulated by the National Credit Regulator.

The Regulator should inter alia ascertain whether any confidential information was obtained, and also whether any consumer credit information was obtained.

Confidential Information:
A credit bureau receives, compiles, retains and reports on confidential information (personal information that belongs to a person and is not generally available to or known by others) pertaining to a consumer or prospective consumer and is legally obliged to protect the confidentiality of that information in terms of not only the Protection of Personal Information Act(“ POPIA “ - which is not yet in full force and effect - but also in terms of section 68 of the NCA.

As such a credit bureau must use that information only for a purpose permitted or required in terms of the NCA, or other national legislation or applicable provincial legislation, and release that information only to the consumer or prospective consumer, or to another person to the extent permitted or required by the NCA , other national legislation or applicable provincial legislation, or as directed by the instructions of the consumer or prospective consumer or an order of a court or the National Consumer Tribunal.

Consumer Credit Information:
The term “consumer credit information” not only includes information concerning a person’s credit history, financial history, past and current income, assets and debts, but also a person’s education, employment, career, professional or business history, including the circumstances of termination of any employment, career, professional or business relationship, and a person’s name, date of birth, identity number, marital status and family relationships, past and current addresses and other contact details.
There is a legal obligation on a registered credit bureau to maintain its records of consumer credit information in a manner that satisfies prescribed standards. These standards include protection against accidental, unlawful destruction and unlawful intrusion as well as protection against unauthorised disclosure or access by unauthorised persons.

A credit bureau report may only be issued to a person who requires it for certain limited purposes. Marketing leads for insurance and credit-related services are not a permitted under the NCA.

Annual Compliance Report:
A registered credit bureau must submit to the National Credit Regulator an annual compliance report, certified by an independent auditor, addressing inter alia the adequacy of procedures employed by it to ensure that confidentiality of data is maintained and all relevant legislation concerning the privacy and confidentiality of information is complied with. This report and the auditor’s compliance work would also require scrutiny.
Penalty:
The maximum fine the National Consumer Tribunal may impose in respect of prohibited or required conduct may not exceed the greater of 10 per cent of the credit bureau’s annual turnover during the preceding financial year or R1 000 000.

Finally, someone said it!

‪There is no need to re-test for before you return to work. ‬If you have been diagnosed with and isolated for 10 days, your employer may allow you to return to work on the following conditions; (see image) ‬