PRIVACY POLICY
Introduction
Welcome to our privacy policy. Business Traders respects your privacy and takes the protection of personal information very seriously. In Order for Business Traders to run effectively as a business and sell businesses, we need to collect and process certain information about you. The purpose of this policy is to describe the way that we collect, store, use, and protect information that can be associated with you or another specific natural or juristic person and can be used to identify you or that person. The purpose of this policy is to describe the way that we handle your personal information.
Personal information
Personal information includes information that you have provided voluntarily to Business Traders and which information Business Traders has collected for the purpose of allowing Business Traders to offer you it’s services. Personal information is any information that relates to an identified or identifiable individual. Common examples of the types of personal information which we may collect, and process include:
identifying information– such as your first name and last name, identity numbers.
Contact information– such as your phone number and email address.
We may use your personal information to:
• contact you,
• respond to you enquires,
• verify your identity,
• to send you marketing material (including electronic communications) or send out information of all our up-and-coming auctions. You can unsubscribe from our newsletter at any time and thereafter we will not market to you,
• to further legitimate business objectives and provide our service to you
Disclosure
- We do not disclose or transfer your personal information to any third party except to attorneys and accountants for the registration process when the transfer of a business and/or property is required.
- We do collect information for our in-house database with our clients details whereby we send out all our up-and-coming business sales, however when a client signs a buyer Confidentiality agreement, they have the option to agree or disagree if they would like to be included in our mailing list.
3. We will obviously need to disclose your personal information to employees of ours who require it in order to do their jobs. We make sure they are aware of and take their confidentiality obligations seriously. They are contractually bound to keep all confidential information confidential.
4. There may be situations where the law requires us to disclose your personal information. In all other situations, we will not disclose your personal information without notifying you and enabling you to object.
We may use any of your personal information that you provide to us only for the purposes indicated in this privacy policy.
In certain cases, we will get your consent to use your personal information and you may withdraw your consent at any time by emailing us.
Security
We will take all reasonable steps to ensure that your data is treated securely and in accordance with this policy. We will take appropriate and reasonable technical and organisational steps to protect customers’ personal information in line with industry best practices. Our security measures, including physical, technological and procedural safeguards, will be appropriate and reasonable. This includes the following:
- keeping our systems secure (such as monitoring access and usage);
- storing our records securely.
- controlling the access to our premises, systems and/or records; and
- safely destroying or deleting records.
Accurate and up to date
We will try to keep the personal information we collect as accurate, complete and up to date as is necessary for the purposes defined in this policy. You are able to review or update any personal information that we hold on you by emailing us, or phoning us. Please note that in order to better protect you and safeguard your personal information, we take steps to verify your identity before making any corrections to your personal information.
Retention
We will only retain your personal information for as long as it is reasonably necessary to fulfil the purposes for which we obtained the information.
During the period of retention, we will continue to abide by our non-disclosure obligations and will not share or sell your personal information.
We may retain your personal information in physical or electronic records at our discretion.
We will only retain your personal information for as long as is necessary.
Enquiries
If you have any questions or concerns arising from this privacy policy or the way in which we handle personal information, please email the Information Officer on the following email address: greg@businesstraders.co.za
This policy was last updated 07 February 2023.