{"id":545038,"date":"2021-12-08T09:53:43","date_gmt":"2021-12-08T07:53:43","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=545038"},"modified":"2021-12-08T09:53:43","modified_gmt":"2021-12-08T07:53:43","slug":"clampdown-on-government-workers-with-millionaire-lifestyles-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/545038\/clampdown-on-government-workers-with-millionaire-lifestyles-in-south-africa\/","title":{"rendered":"Clampdown on government workers with millionaire lifestyles in South Africa"},"content":{"rendered":"<p>The Public Service Commission (PSC) will introduce lifestyle audits for government workers from February 2022.<\/p>\n<p>In a presentation on Tuesday (7 December), the group said that the audits would draw from a variety of databases that would provide management and investigators with a snapshot into certain aspects of the life of an employee.<\/p>\n<p>&#8220;Sometimes, the only clue to illicit activities is a sudden unexplained change in an employee&#8217;s lifestyle. The lifestyle audit is, therefore, a critical management tool to identify staff members who, based on extravagant lifestyles, may potentially be engaging in illicit activities,&#8221; it said.<\/p>\n<p>&#8220;This understanding of a lifestyle audit is consistent with the description as contained in the Economics Dictionary, which points out that it is an investigation to ascertain whether a person&#8217;s living standards is consistent with his\/her reported income.&#8221;<\/p>\n<p>If South Africa is to avoid becoming a failed state, public servants are responsible for ensuring that they live within their reported incomes, the PSC said.<\/p>\n<p>Lifestyle audits will also help strengthen the already existing financial disclosure framework that helps determine conflict of interest.<\/p>\n<p>The group provided an example of a lifestyle audit as follows:<\/p>\n<ul>\n<li>A public servant earns a net salary of R45,000 a month;<\/li>\n<\/ul>\n<ul>\n<li>They own five properties with a combined market value of R7.5 million. The total mortgage bond payment is R90,000 per month;<\/li>\n<\/ul>\n<ul>\n<li>This public servant owns a boat with a monthly payment of R8,000. They also own three luxury vehicles, all with a combined monthly payment of R25,000;<\/li>\n<\/ul>\n<ul>\n<li>The overall monthly payment for a mortgage bond, boat and motor vehicles is R123,000 per month;<\/li>\n<\/ul>\n<ul>\n<li>In terms of this example, the official&#8217;s living standards and spending patterns are inconsistent with their reported income stream.<\/li>\n<\/ul>\n<p>&#8220;In this regard, it needs to be noted that most public servants are honest and people of integrity. Some public servants could have acquired their wealth through honest means, e.g., inheritance, a wealthy partner, and as a successful business person,&#8221; the PSC said.<\/p>\n<p>&#8220;The PSC will be the first to undertake lifestyle audits of all its commissioners and employees to lead by example.&#8221;<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/finance\/543306\/sars-is-now-issuing-this-letter-to-taxpayers-leaving-south-africa\/\" target=\"_blank\" rel=\"noopener\">SARS is now issuing this letter to taxpayers leaving South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Public Service Commission (PSC) will introduce lifestyle audits for government workers from February 2022.<\/p>\n","protected":false},"author":10,"featured_media":472208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-545038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/545038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=545038"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/545038\/revisions"}],"predecessor-version":[{"id":545100,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/545038\/revisions\/545100"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/472208"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=545038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=545038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=545038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}