The South African Institute of Chartered Accountants (SAICA) this week revoked former SAA director Yakhe Kwinana's membership following the outcome of her disciplinary hearing. Kwinana is a former SAA board member who came into the spotlight when she used the "fat cake" analogy at the commission into State Capture to justify cancelling an 85 million Rand contract and handing it to subsidiary, Air Chefs, without a tender.The tender was initially awarded to LSG Sky Chefs. Kwinana served as a board member at the national carrier between 2009 and 2016. This is what she said during her testimony to the State Capture commission in November 2020.
The SAICA Disciplinary Committee found Kwinana guilty of 13 of the 14 charges against her. According to the committee Kwinana is not a fit and proper individual to be a member of the profession and has been fined six-point-one-million rand for all 13 of her charges. To explain this decision we spoke to CEO of The South African Institute of Chartered Accountants (SAICA), Freeman Nomvalo...
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