Chartered accountant Kwinana, the director and founder of Kwinana & Associates, was hit with 14 charges related to her conduct as a non-executive director at the national carrier, as well as her testimony at the Zondo commission of inquiry into allegations of state capture.
If found guilty at the disciplinary hearing, for which a date has yet to be set, she faces anything from a caution to a R500,000 fine, suspension, or permanent expulsion, Saica CEO Freeman Nomvalo said.
“Saica confirms that a charge sheet was communicated to Ms Kwinana at the end of March 2022. As there is a significant amount of preparation before a matter may be set down for hearing before the Saica disciplinary committee, Saica is unable to provide a precise date for a hearing. The date will be communicated on the Saica website in due course,” he said.
Kwinana and her lawyer this week confirmed receiving the charges, and have accused Saica of having already made a determination of her guilt, and of cutting and pasting extracts from the Zondo commission’s report on the airline.
The airline, which was plucked from the brink of liquidation as a result of years of looting and mismanagement, is being taken over in an equity deal with a private sector consortium that will buy 51% of it.
In his state-capture report, chief justice Raymond Zondo found that Kwinana and board colleague Dudu Myeni, who both served as SAA directors from 2009, were at the centre of the mismanagement.
Kwinana’s 53-page charge sheet, seen by the Sunday Times, says she conducted herself in a manner that is “discreditable, dishonourable, dishonest, irregular or unworthy or which is derogatory to the institute or tends to bring the profession of accountancy into disrepute”. It says she breached provisions of the Saica code of professional conduct relating to integrity, objectivity, competence and due care, and/or conducted herself in a manner that was grossly negligent.
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