Former SAA board member and chartered accountant Yakhe Kwinana has been fined R6.1 million


Yakhe Kwinana a Former SAA board member and chartered accountant has been fined R6.1 million and barred from being a member of the SA Institute of Chartered Accountants (SAICA) following a disciplinary hearing. 

She served as a board member at the national carrier between 2009 and 2016, including as the head of its important audit and risk committee.

On Thursday a ruling was made public, SAICA said its disciplinary committee (DC) found Kwinana guilty of 13 of the 14 charges proffered against her with one of the charges withdrawn.

"The DC was of the view that the respondent was not a fit and proper individual to be a member of the profession and that she should be excluded from membership of SAICA with immediate effect," said the accountancy regulator.

The ruling means that Kwinana cannot practice as a chartered accountant. She may still be able to practice as an auditor, however, as a different body oversees the profession. 

Kwinana has also been ordered to pay all Saica's legal costs in the two-month disciplinary hearing, except for security services.


Done by: Sibulele Stuurman


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