Law Will Bring Big Implementation Costs
PRIVACY LAW—SOUTH AFRICAMarch 2, 2010
The Protection of Personal Information Bill will require implementation expenditures in the billions, experts estimate. The bill, which aims to protect personal information held by public and private bodies, is making its way through the legislature, reports ITWeb. "The way a company interacts with its customers will need to change," once the bill is enacted, says Frank Rizzo, a managing partner at KPMG. Rizzo expects that certain companies will spend R200 million on implementation. KPMG's Ryan Ruthven points out that non-compliance could bring even greater costs. Companies will have a year to come into compliance once the bill is enacted.