payments becoming political usually results in citizens being monitored by their government. south africans are protected by privacy laws and the constitution. however you know better than this when advising south african clients about their finances because there are certain instances when financial statement and information will have to be made known to third party.. choose the correct option \

1. spouses may access each others bank statements by applying POPI
2. one bank may obtain the bank statements of the client at another bank by applying RICA
3. SARS may obtain bank statement when auditing south African tax payers
4. employers may acces mployess bank statements by applying RICA

1 answer

The correct option is:

3. SARS may obtain bank statement when auditing South African taxpayers.

SARS (South African Revenue Service) has the authority to access financial information, including bank statements, during tax audits to ensure compliance with tax laws. The other options do not accurately reflect the legal provisions under South African law regarding access to financial information.