Privacy Policy
- Introduction
This Privacy Policy (the “Policy”) is issued by Spec Option (PTY) LTD (“Spec Option”), a corporation duly registered under the laws of South Africa Registration Number: 2020/533869/07, having its address 27 First Avenue East, Parktown North, Johannesburg 2193 regulated by the South African Financial Sector Conduct Authority (FSCA no. 51303). This Policy governs the handling of personal information by Spec Option in adherence to the highest standards of privacy and data protection. - Scope
References to “we”, “us”, or “our” within this document denote Spec Option Proprietary Limited. - Applicability
This Policy extends to all individuals (“you” or “your”) who visit our website, or engage with our products or services, encapsulating both clients and prospective clients. - Purpose
Herein, we articulate our stringent practices and principles regarding the collection, usage, and safeguarding of your personal information, with the objective of not only complying with but exceeding the mandates of the Protection of Personal Information Act No. 4 of 2013, as amended (“POPIA”). - Commitment
Spec Option is resolutely committed to protecting your privacy and confidentiality. Acknowledging the legitimate apprehensions about personal data usage and disclosure, we maintain privacy standards in strict conformity with South African legislation, notably POPIA. Should you believe our Policy falls short of your expectations, or if we fail to adhere to our stated Policy, you are encouraged to contact our designated Information Officer and Deputy Information Officers via [email protected]. - Privacy Assurance
We solemnly pledge not to disclose, sell, or otherwise share your personally identifiable information with third parties, except as explicitly stated in this Policy or as required by law. - Consent
By accessing, using, or interacting with our services, you explicitly consent to the collection, use, and disclosure of your personal information as detailed herein.
Personal Information Collection and Utilization - Data Collection
We collect personal information, which includes but is not limited to:
• Information automatically collected upon your interaction with our website or applications.
• Directly provided information such as names, contact details, and organizational affiliations. - Purpose of Collection
Personal information is amassed with the primary aim of fulfilling requests for services or product orders. Such information may be made accessible to our personnel or designated agents as required to complete your transactions. - Data Security and Storage
Your personal data is safeguarded on secure servers, utilized solely for the purposes for which it was collected, barring explicit consent for alternative uses. - Marketing and Communication
Personal information collected for marketing purposes is subject to your explicit opt-in consent, with rigorous measures in place to prevent unauthorized third-party access or distribution. - Confidentiality and Disclosure
We ensure the confidentiality of all personal information collected, limiting disclosure to authorized personnel involved in the provision of requested services or products. - Data Submission Guidelines
Personal data submission is governed by explicit consent, ensuring the rights and privacy of individuals are respected. - Use of Information
Collected personal data is employed to fulfill our obligations to you, including service delivery, communication of updates, and administrative notifications.
Cookies and Web Technologies - Cookies Utilization
Cookies are employed to enhance user experience, support website functionality, and gather analytics. Users have the option to manage cookie preferences through their browser settings.
Complaints and Dispute Resolution. - Complaint Handling
We treat complaints with utmost seriousness, adopting a confidential approach to resolve issues in compliance with this Policy and applicable laws.
Data Security and Protection - Security Measures
Spec Option employs robust security practices to protect personal information against unauthorized access, disclosure, or misuse, in alignment with legal and regulatory requirements.
Governmental and Legal Disclosures. - Compliance with Legal Obligations
We may disclose personal information to governmental agencies or in response to legal processes as required by law, ensuring such disclosures are made in accordance with statutory obligations.
Prohibition of Personal Information Sale. - No Sale of Personal Information
In strict adherence to this Policy, Spec Option does not sell or commercially exploit personal information.
Rights and Access to Information. - Review and Amendment of Personal Information
You have the right to review and request amendments to your personal information held by us, subject to identity verification procedures.
Data Retention and Disposal - Retention Policy
Personal information is retained for periods necessary to fulfill the purposes outlined in this Policy or as mandated.
