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I consent to the Merchant West Group processing the required personal information, as provided above and acknowledged that I understand the purposes for which it is required and for which it will be used.
I, the undersigned, hereby declare that the information provided herein is both true and correct, in every aspect and represents a true reflection of my personal financial position.
CONSENT TO PROCESS PERSONAL INFORMATION IN TERMS OF THE PROTECTION OF PERSONAL INFORMATION ACT NO. 4 OF 2013 (POPI)
In terms of POPI, Merchant West Group is required to process your / your company’s Personal Information in a lawful and reasonable manner.
INFORMATION REQUIRED: Merchant West Group requires the following personal information: Registration documentation in respect of the company / close corporation / trust (in the event of a trust (or shareholding constituting a trust), a copy of the trust deed and list of beneficiaries and clear certified copies of their identity documents); certified copies of identity documents of directors / members / trustees / partnerships / individual; credit applications; latest audited financial statements; latest 3 (three) months’ bank statements; interim management statements; company letterhead; utility bill for all guarantors; trade references; 3 (three) months’ telephone account; resolution / power of attorney; confirmation of banking details (confirmation on bank letterhead); landlord waiver; insurance confirmation; settlement disclosures; ITC checks and reports (to request and to disclose information to third parties).
PURPOSE OF COLLECTION MANDATORY Processing of finance applications (internally and externally); drafting and finalizing rental/instalment sale/transaction/facility agreements; to evaluate risk assessments in accordance with relevant and applicable legislation and regulations; comply with all tax and financial obligations; processing for invoice purposes; perform necessary background verification; communication; formalize client contractual arrangements which include uploading, storage, and maintaining information on our database.
INFORMATION TO INDEPENDENT FINANCE AGENT Merchant West Group will subject all Credit Applications received, for verification by an independent third party, which include all approved finance houses for Merchant West Group and/or internal verification methods, of which the costs will be for Merchant West Group and/or the approved finance houses. The appointed third party will adhere to all necessary requirements in respect of POPI.
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