Privacy Policy

• 2.1 This policy will set out the manner in which personal information of internal and external parties is collected, managed, stored, used and protected by Mulnet. This policy applies to all employees of Mulnet.
• 2.2 The objectives are to:
• process personal information lawfully in terms of legislation;
• provide a guideline as to the manner in which Mulnet processes and protects personal information;
•  adopt good practices in terms of processing of personal information; 
• protect Mulnet from the consequences of breaching its responsibilities; 
• display the commitment of Mulnet to uphold and respect information privacy.

3.1 “personal information” means information relating to an identifiable, living, natural person, and where it is applicable, an identifiable, existing juristic person, including, but not limited to-

• information relating to the race, gender, sex, pregnancy, marital status, national, ethnic or social origin, colour, sexual orientation, age, physical or mental health, well-being, disability, religion, conscience, belief, culture, language and birth of the person;
• information relating to the education or the medical, financial, criminal or employment history of the person;
• any identifying number, symbol, e-mail address, physical address, telephone number, location information, online identifier or other particular assignment to the person;
• the biometric information of the person;
• the personal opinions, views or preferences of the person;
• correspondence sent by the person that is implicitly or explicitly of a private or confidential nature or further correspondence that would reveal the contents of the original correspondence;
• the views or opinions of another individual about the person; and
• the name of the person if it appears with other personal information relating to the person or if the disclosure of the name itself would reveal information about the person.

3.2 “processing” means any operation or activity or any set of operations, whether or not by automatic means, concerning personal information, including-

• the collection, receipt, recording, organisation, collation, storage, updating or modification, retrieval, alteration, consultation or use;
• dissemination by means of transmission, distribution or making available in any other form; or
• merging, linking, as well as restriction, degradation, erasure or destruction of information;
• Merging, linking, as well as restriction, degradation, erasure or destruction of information;

4.1 Mulnet may collect and process the following types of information:

• Company details, including registration number, contact details, VAT numbers, directors’ details
• Bank statements
• Payslips
• Name and surname
• Identity number (date of birth)
• Gender
• Contact details, including email address, telephone numbers, address
• Credit reports
• Employment information
• Client payment reports
• Employee data, including salary, disciplinary records, banking details, medical information, account numbers, tax information
• Settlement letters/invoices from creditors or suppliers

5.2.1 Mulnet undertakes to process personal information-

• Lawfully;
• In a reasonable manner that does not infringe the privacy of the data subject;
• In a manner that is adequate, relevant and not excessive.

5.2.2 Personal information will only be processed if-

• the data subject or a competent person, where the data subject is a child, consents thereto;
• processing is necessary to carry out actions for the conclusion or performance of a contract to which the data subject is party;
• processing complies with an obligation imposed by law;
• processing protects a legitimate interest of the data subject;
• processing is necessary for the proper performance of a public law duty by a public body; or
• processing is necessary for pursuing the legitimate interests of the responsible party or of a third party to whom the information is supplied.

5.2.3 Personal information will be collected directly from the data subject, unless

• the information is contained in or derived from a public record or has deliberately been made public by the data subject;
• the data subject or a competent person, where the data subject is a child, has consented to the collection of the information from another source;
• collection of the information from another source would not prejudice a legitimate interest of the data subject;
• collection of the information from another source is necessary;
• to avoid prejudice to the maintenance of the law by any public body;
• to comply with an obligation imposed by law or to enforce legislation;
• for the conduct of proceedings, in any court or tribunal, that have commenced or are reasonably contemplated; • in the interests of national security; or
• to maintain the legitimate interests of the responsible party or of a third party to whom the information is supplied; • compliance would prejudice a lawful purpose of the collection; or
• compliance is not reasonably practicable in the circumstances of the particular case.

• Affordability check
• Fraud check
• Credit qualification and risk
• Delivering of Services
• Complying with contracts
• Confirmation of employment
• Debt collection, including tracing in the event of default on payment
• Invoice and Quoting purposes
• Compliance with legislation
• Vetting of employees
• Communication with clients and suppliers

5.3.2 Once personal information, processed and stored by Mulnet, has reached its expiry date or becomes in any way redundant, Mulnet will destroy or delete the record of personal information in a manner that prevents its reconstruction in an intelligible form.

5.6.1 Mulnet will maintain the documentation of all processing operations under its responsibility.

5.6.2 If personal information is collected, Mulnet will take reasonably practicable steps to ensure that the data subject is aware of –

• the information being collected or the source from which it is collected;
• the name and address of the responsible party;
• the purpose for which the information is being collected;
• whether or not the supply of the information by that data subject is voluntary or mandatory;
• the consequences of failure to provide the information;
• any particular law authorising or requiring the collection of the information;
• the fact that, where applicable, the responsible party intends to transfer the information to a third country or international organisation and the level of protection afforded to the information by that third country or international organisation;
• any further relevant information

5.7.1 Mulnet undertakes to secure the integrity and confidentiality of personal information in its possession or under its control.  This is done by taking appropriate, reasonable technical and organisational measures to prevent loss of, damage to or unauthorised destruction of personal information; and unlawful access to or processing of personal information.

5.7.2 Where there are reasonable grounds to believe that the personal information of a data subject has been accessed or acquired by any unauthorised person, Mulnet will notify, as soon as reasonably possible after the discovery of the compromise;

•  the Regulator; and
• the data subject, unless the identity of such data subject cannot be established.

5.7.3 Mulnet has put in place the following adequate safeguards to secure the integrity and confidentiality of personal information:

• Physical access security to the building
• Password protection on Loan Management systems
• Password protection on all computer logins
• Anti-virus on all computers
• Firewalls

Mulnet collects personal information in the following manners:

• Voluntary disclosure via multiple sources
• Telephonically
• Website forms
• Credit bureau systems
• Email
• Agents and brokers
• Credit applications
• Supplier applications