Tag: Armand Swart
POPIA breach – when inaction cost R500,000
An internal data breach, even an accidental one, can trigger formal breach notification obligations under the Protection of Personal Information Act (POPIA). The Information Regulator recently fined Central Johannesburg TVET College R500,000 for failing to comply with an enforcement notice. This decision shows that organisations must also complete the corrective actions that the Regulator requires.
Two pots of gold – about the “two-pot” retirement system
The proposed "two pot" retirement system would allow people to have the best of both worlds – early access to a portion of their retirement funds, should it be necessary, while still preserving a significant portion for when they retire. The changes are set to take effect on 1 March 2024, but without further draft legislation being published in February, there are concerns that industry players will not have time to implement changes to meet this deadline.
