Tag: lifestyle audit

The question of 'Selective Prosecution' has been asked since 2007 when the South African Revenue Service (SARS) started using lifestyle audits on private individuals. The selection basis, was the means of the individual, in contrast to their standard of living, and was conducted on individuals where there was a suspicion of criminal activity.

Too many powerful and well-remunerated people in our public sector are letting South Africans down by continually failing to achieve the strategic objectives of the entities they manage. Officials in the public sector must employ clean governance principles across every aspect of their operations.

Apart from the fact that ambitious thefts and wild plot twists lend themselves to quality entertainment, the appeal of heist movies likely stems from the fact that watching skilful action is cathartic and we tend to live vicariously through our favourite big screen criminals. And one warning the heist leader always issues to his or her fellow crooks is to avoid spending their share of the loot too soon, lest they draw unnecessary attention to themselves.

Bank hackers, email phishing scams and identity theft are synonymous with fraud in the financial sector. According to a statement by the South African Banking Risk Information Centre (SABRIC), more than R 800 million were lost over the last couple of years in South Africa due to fraud.