POPI Act Compliance Policy
Last Updated: November 2025
1. Introduction
Precision Loans, a division of Precision Africa Group, is committed to full compliance with the Protection of Personal Information Act, 2013 (POPIA).
We respect your right to privacy and ensure that all personal information is collected, processed, stored, and shared responsibly, transparently, and lawfully.
2. Purpose of This Policy
This policy outlines how Precision Loans complies with POPIA in the handling of personal information related to clients, employees, employers, and partners.
Our goal is to promote lawful processing, safeguard data integrity, and prevent unauthorized access or misuse of information.
3. Scope of Application
This policy applies to:
All personal information processed by Precision Loans.
All employees, contractors, service providers, and partners who have access to such information.
All platforms and systems through which information is collected, including digital, paper, and verbal communication.
4. What We Collect
We may collect the following categories of personal information:
Identification details (name, ID number, contact details).
Employment and salary data (employer, payslip, bank details).
Financial records (bank statements, repayment history).
Communication logs (emails, WhatsApp messages, and calls).
All information collected is necessary for assessing, processing, and managing loan applications and ensuring compliance with financial regulations.
5. How We Use Personal Information
We process personal information for the following legitimate business purposes:
Verifying identity and employment status.
Processing and managing loan applications.
Executing repayment agreements (including payroll deductions).
Meeting regulatory and audit requirements.
Communicating updates, statements, and compliance notices.
6. Data Protection and Security
Precision Loans takes data security seriously and implements the following measures:
Secure digital storage and encrypted communication.
Restricted access for authorized personnel only.
Regular security audits and data handling training.
Immediate reporting and mitigation of any suspected data breach.
7. Sharing of Information
We may share personal information with:
Employers (for payroll-integrated repayment and verification).
Credit bureaus or regulators when legally required.
Auditors, legal representatives, or service providers supporting compliance or system operations.
Third parties are bound by confidentiality and data protection agreements to ensure compliance with POPIA standards.
8. Data Retention
Personal information is retained only as long as necessary for business and legal purposes, including auditing, compliance, and reporting.
When no longer required, records are securely destroyed or anonymized.
9. Rights of Data Subjects
Under the POPI Act, individuals have the right to:
Access personal data held about them.
Request correction or deletion of inaccurate information.
Object to unlawful processing.
Lodge a complaint with the Information Regulator of South Africa.
To exercise these rights, please contact our Data Protection Officer using the details below.
10. Data Breach Management
In the event of a data breach, Precision Loans will:
Immediately assess and contain the incident.
Notify affected individuals and the Information Regulator.
Take remedial actions to prevent future occurrences.
11. Compliance Oversight
Precision Loans appoints a Data Protection Officer (DPO) responsible for monitoring POPIA compliance, maintaining records, and ensuring that all processing aligns with this policy.
12. Contact Information
For all POPIA or data privacy-related queries, please contact:
Data Protection Officer – Precision Loans (Precision Africa Group)
Email: admin@precisionafricagroup.co.za
Phone / WhatsApp: 062 802 4357 | 072 688 7271
Address: South Africa