NEDCOR INVESTMENT BANK

Our company has been pleased with the manner in which the open Democracy Bill has been drafted in consultation with all interested parties, and believe that - in its current form - it balances tile interests of business and society at large.

We are also very encouraged by the precedent set regarding individuals' right to object to theme or disclosure of personal information via an opt-out clause. This precedent is aligned with international best practice and respects the rights of individuals and business.

We support self-regulation as a cost-efficient means of ensuring discipline in an industry, and would encourage you to consider self-regulation as an option before introducing legislation relating to this Bill that endorses governmental transparency.

We would prefer the Human Rights Commission to manage the Act, as proposed, as opposed to creating another Commission or Authority, which may be very costly.

Thank you considering our opinion and submissions via the Direct Marketing Association.

LIZETTE LABUSCHAGNE
General Manager Marketing