Ex-SAA director Yakhe Kwinana fined R6.1m, barred from acting as chartered accountant | Business

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Former SAA board member and chartered accountant Yakhe Kwinana has been fined R6.1 million and barred from being a member of the SA Institute of Chartered Accountants. | News24_Business

Former SAA board member Yakhe Kwinana testifies before the judicial commission of inquiry into state capture on November 2, 2020 in Johannesburg.Former SAA board member and chartered accountant Yakhe Kwinana has been fined R6.1 million and barred from being a member of the SA Institute of Chartered Accountants following a disciplinary hearing.

In a ruling made public on Thursday, Saica said its disciplinary committee found Kwinana guilty of 13 of the 14 charges proffered against her. One of the charges was withdrawn. 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.

 

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_Business dark skin aretse

_Business The one who forgets question, fatcakes example at StateCaptureInq

_Business Update on Steinhoff, we need follow up

_Business saica_ca_sa what about Deloitte and KPMG? And

_Business Disgusting. Not only did they fine her R6 1m but then take away her ability to make money, how is she supposes to pay? As usual karynmaughan celebrate WMC stoning of another innocent black woman. She's punished for exposing Coleman Andrews. MorningLiveSABC EFFSouthAfrica eNCA

_Business The sanction. Is too much I think they were only supposed to fine that 6.1 m and let her practice not leaving her jobless, we learn by our mistakes

_Business Lol watsho msholozi wathi nizokhala. Y'all tried to hide scapegoat ngaye.

_Business All I remember is the story of ama fatcakes and next door and ingredients 😭😭😭

_Business I could attach executives here by name, Primarily white men. Who drag SAICA name and reputation to the filth, yet the institution turns a blind eye. They are CAs from toongat, steinhoff, pwc and deloitte. But no, lets go for the poor black woman. South Africa is toxic😡🤮

_Business Someer R 6.1m, Zondo has failed the nation

_Business Why she not in prison what a untrustworthy individual

_Business Which foreign company was servicing plans

_Business Good move she is not fit to be the accountant that one

_Business Luckily she is proven guilty, unlike all the pro black racists trying to point fingers at white people in these comments. Please, come with proof, because the race card has expired.

_Business What did they use to fine her R6.1m?

_Business Black excellency is Bing destroyed

_Business The fat cakes she's referring to

_Business Honestly If you have done wrong the punishment should be the same across the board, simple philosophy.

_Business Markus Jooste still about to go Germany to face the music and still has the ability to practice in his profession but here we are Miss Kwinana straight to being barred as a member and then the CEO still has the audacity to say that they have no favour when it comes to discipline

_Business Justice takes time...... These criminals must pay.

_Business Only white professional don't fined

_Business saica_ca_sa how did this person obtain a CA(SA) designation in the first place? Embarrassment.

_Business Is there a term of imprisonment imposed for failure to pay the fine?

_Business

_Business The more suppressed a nation has been in the past, the greater the sense of lack and willingness to 'cheat' or 'steal'. The solution is NOT to suppress the original oppressors but rather to create a sense of abundance in all.

_Business If punishment for crime is a fine, then the law is made for the poor

_Business Imagine the billions she moved around for zumafiosi and his SAA girlfriend..yet because of her melanin, she becomes the victim? Who else destroyed the SAA, except the ones being prosecuted or fired? Oh wait, the ANC doesn't believe in theirs goind to jail, except as a symbol..

_Business She was not the only one… where are the rest ?

bucleod _Business Fat cakes

_Business It’s good to see people being held accountable for their corruption, but I’m still concerned that no white men and women are tied to the same standards and accountability whereas there’s so much information on the ground pointing to their corrupt activity. Is our law having eyes?

_Business What an embarrassment...

_Business ANC = Mafia Gangsters

_Business Why is it always the accountants, saica_ca_sa ?

_Business SAICA don’t play, if it was HPCSA 💀

_Business This is so wrong. To use institution to fight political battles of those you do not agree with.

_Business This is why i love twitter. The person in question has replied instantly thus exposing the lackluster/mediocre journalism.

_Business ]

_Business Evil….$$$$$

_Business That's nonsense; She must challenge it to the end; It seems they were determined to find her guilty to please Stratcom agents; And the R6 million is meant to bankrupt her; She is being punished for making decisions as a director, which is outrageous, she had authority to do so.

_Business Until I see those CAs from KPMG, Bain, and other firm executives, involved in State Capture, being called to such hearings, I will not take these findings seriously. Nothing more than a political game.

_Business And the instigator is enjoying himself in Nkandla

_Business It's long overdue

_Business Send them to Jail 🤷🏽‍♂️

MandelaMinutes _Business She’s now a Charred Accountant

_Business And yet another one!!!

_Business Well done saica_ca_sa !

_Business That's good news. But will money ever be retrieved?

_Business Is she an ANC member?

_Business MYANC thief and thug.

_Business Useless this one

_Business When your handlers said, go to the commission and play around. It is just ukuhambisa iskhatsi , this won't work .🤣🤣🤣 Ziyakhala keManje

_Business

_Business That was very quick saica_ca_sa... Very harsh decision I must say. How far are you with the Steinhoff fraudsters?

_Business Whippiii nazo 🙏🤏

_Business She was completely useless and ruined SAA along with Dudu

_Business She will soon be in government

_Business 💀

_Business derSchmetterlin

_Business Kwinana should appeal saica's finding and sanction. This is tantamount to a sanction of murder for pickpocketing. The punishment doesn't fit the crime.

_Business Jail time

_Business Yeah, not much to defend here. She made her own bed and now she must sleep in it. What the fuck was she thinking?

_Business The Zuma's are nowhere near to assist she is now alone

_Business She must be arrested.

_Business Good..

_Business Right!!! Kwinana pay back the money Bad deeds doesn't have good outcomes

pmcafrica _Business Can Andre de Ruyter face the same for the incompetence he provided to Eskom_SA

_Business Aiii naye 😓

_Business She can always sell her daughter’s fat cakes to make up that fine.

_Business A whole career gone for a lack of a better word greed is good 🤞🚮

_Business She doesn't even look like a CA

_Business Courtesy of the below ‼️

_Business Hopadile ka nnete

_Business The vetkoek vrou?

HendriccahM _Business corruption ruins lives

_Business Miss Kwinana! Miss Kwinana! ….😭😭😭😭

_Business Yoh

_Business Now she really needs to start baking Vetkoek.... Jeezus how do u do this to yourself

_Business Ramaphosa is fixing the country 🤞slowly but surely.

_Business My ANC destroyed so many careers under so-called deployment. But anyway they 😉 enjoyed being called comrades, and now they're alone

_Business What happened to the Steinhoff auditors and accountants? Probably nothing especially if they are white boys. Black people in South Africa are slow to catch on.

_Business I will never forget how she gave DCJ a headache this one in the inquiry 😂😂😂

_Business The legendary Miss Kwinana😭😭😭

_Business 30 percenters don’t make good CA’s!

_Business Good news

_Business Wheels of justice turns slow in South Africa 😔 1 down many to go

_Business 6.1 million, even I feel this. It’s great

_Business Manipulation of black women in south Africa

_Business This is bad !

_Business Purr

_Business Ijampile

_Business This is nonsense. Whites have been accused of worse yet the SAICA does not bar them. She must fight this. All Blacks should close ranks and rally behind her.

_Business How far are we with Jooste

_Business Tjuuuu😂🤏🤏😭

_Business Was about damn time.

_Business So saica_ca_sa terminates her membership because of the so called Zondo commission findings?. Everything is now about politic in SA. These criminals/politicians rules everything nomatter what qualification your may study for you will never work free.

_Business Miss Khwinana at her best.

_Business Causes she's black

_Business I’ve never trusted her since she made that example about fat cakes

_Business What have they done about the useless Andre De Ruyter's

_Business Surprise surprise

_Business Her arrogance turned me off, I cant bring myself to feeling sorry for her, her attitude stunk

_Business 😂😂😂How did she pass Matric Accounting & get her University degree?

_Business Steinhoff?

_Business There is nothing to applaud if no action is taken against Ramaphosa and Pravin. Everything is just a distraction.

_Business They took too long and the next one is LPC against Mkhwebane with his legal team

_Business Mrs Kwinana

_Business Incompetent disgrace

_Business Yhoooo 😭😭😭😭

_Business She is busy with market she will pay up quickly and recover it fast as well

_Business Ao Mrs Kwinana🤣🤣I enjoyed her 'fat cakes' scenarios though,I wonder how was life as a director of SAA🤔

_Business Black people are suffering shame 😭

_Business SleekyJunior Magwinya o swa 🤣🤣🤣

_Business How did Fricker Rd get to the R6,1 million fine? CoruscaKhaya

_Business More Black Monopoly Incompetence 🤷🏻‍♂️

_Business Permanent Blacklisted for life!

_Business Nice ...

_Business SAICA is not the persecuting authority NPA_Prosecutes RSASIU SAPoliceService must investigate and lay charges according,if there is prima facie evidence🤷

_Business Lies again from news 24 kak, Tsek. Go to hell with your propaganda, bloody liars.

_Business Noo. YakheKwinana any pending appeals against this fines?

_Business Blacks are under attack and clever blacks are Celebrating

_Business Freedom is for those who licked the Whiteman chick in South Africa. Black man your on your own. Ramaphosa is destroying the future of all black executives

_Business But isnt this picture of the SARS IT head who asked 'Please protect me from yourselve'?

_Business Ms. Wining and dining

_Business It's about time!

_Business Please feel pity for her. She’s black. Apartheid caused her to do it

_Business I wonder at which university she got her qualifications from? To pass the board exam you had to know the basics of good accounting standards.

_Business Chartered account,we'll done Mr Zondo

_Business What? another quack excellence

_Business It's time to go into the VETKOEK bizniss Her real dream job! No accounting needed there...🤌🤌🤌

_Business Tshotsho 👌🏽🤩

_Business Ziyakhala

pmcafrica _Business This one derves it

errolbsk _Business Typical crook

_Business now she must go to jail for atleast 3 years

_Business The most cruel administration against blacks

_Business Can she pay it in Vetkoeks? 😂😭

_Business After ranting about fat cakes :- Kate Hofmyer: 'Ms Kwinana what was my question? Ms Kwinana :' i forgot about it'😅🙆‍♂️

_Business That’s a lot of fatcakes

_Business MYANC destroyed a lot of professionals nge corruption

_Business She embarrassed herself on national tv this one.

_Business How did this obviously intellectually challenged person become a chartered accountant? There's something very fishy going on at some South African universities and professional institutions.

_Business Today is good news way waya, cash in transit at vaal got what they deserved no Mama fat cakes... Who is next

_Business Yoh! I hope she has that 6mil otherwise where is she gonna get it? Thats bad...

_Business Poor Yakhe:( What has Zondo done to this wonderful human being? Eish but uhluthi because of bribes

_Business KPMG is still in business 🤔🤔🤔

_Business Bathong magwenya 🤣🤣🤣🤣🤣🤣🤣

_Business Why not jail?

christygh _Business ANC lives ANC leads..

_Business BlackExcellence 🤣

lira12_joy _Business White people are having us by the scrotum, we are too meek.

_Business The thickest person I’ve heard in a long time…. how did she get past primary school let alone a professional university degree?

_Business There are so many corrupt individuals were/are in power. Your journalists can assist bring these to book, but SA media is biased, and play a poor role in assisting our democracy.. SAMedia

_Business Politics stripes people of what they went to school for. Ke game ya sbindi uyaphilisa, sbindi uyabulala. Not for faint hearted

_Business 🤡🤡🤡🤡

_Business Where will this R6.1million go? 3000 workers lost their jobs for no fault of theirs, some committed suicide due to stress/depression.

pmcafrica _Business WHAT ABOUT JAILTIME

_Business Atleast she can now sell amagwinya

_Business Ziyacolour 🙈

_Business Heads are rolling ... let's other professionals following suit.

_Business Another sterling cadre from myANC, our mafia in government.

_Business 😳

_Business Jooooooo isisorrie! Eishhhh maths and shieet is racist and white supremacy ✊🏿

_Business

_Business Witch hunt continues

_Business R6.1m, Thixo onofefe.

_Business What did she do just 5 facts

_Business Imisebenzi ya Mthiyane iyabonakala

_Business At least she will still be able to sell vetkoeks 😂😂😂😂😂😂😂😂

_Business Good

_Business Wow,we getting there, professionals who felt useless when they were doing their work,they now feel useful again. Thanks to the New dawn

_Business Rand 6.1 Mil is how much in USD?

_Business Good, let her start a home industry making FatCakes. One of those that cause people to mistrust the work of our profession & the ethical conduct of most CA’s.

_Business This is a colony

_Business Victims of Zuma and his girlfriend Dudu Miyeni

_Business Ramaphosa is destroying black professionals everyday

_Business Good

_Business We are definitely seeing people taken to task for their role in StateCapture I guess the cases of the BIG HITTERS take longer to conclude! Great TheFightBackIsReal

_Business Mfoka_Jobe azania1023 jacquescupido12 Zondo did a marvelous job in that commission

_Business If they bar me from practicing I will not pay that fine.

_Business Bathong Ke Magwinya moss motho o

_Business What about the guy that was said he allegedly sold the aeroplanes & SAA had to rent them from mang mang 🤔🤔 🤔

_Business Finally 💯

_Business Let us end the ANC's destruction of professional black talent.

pmcafrica _Business Let us see the results of the commission in action... now for some arrests there...

_Business 😂😂🤣-mzanzi for sure

_Business Chair what I know I don't remember 🤦🏽

_Business Being white is Godly I tell you

_Business U- I wouldn't go next door and buy fatcakes and leave my child's fatcakes lo?

_Business Is that the same clown from the Zondo Commission? 🤣😂🤣😂🤣

_Business Then they sold it. This the same as current Eskom and transnet situation

_Business That attitude during the Zondo Commission

boyana_pumla _Business I have mixed feelings about this; But she showed an extreme level of incompetence. We all make mistakes We also cannot celebrate her downfall but advocate for her to improve

_Business Haibo. She must have been good in herJob shame.

Damn

_Business Corruption is like oxygen in south africa You can earn 100 million a year but they will still steal, risk it all just for 1 million and KFC

_Business I hope this is just the start. We will celebrate when she is arrested. She was one of the main destroyers of SAA. Anyway in the mean time this is another success of the Stare Capture Commission

_Business What?

_Business Chartered Account 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

_Business How about audit firms that have been found wanting? Why not revoke their operating licenses? Why not terminate banking licenses for banks that have been found fixing the rand?

syphosayi _Business Does she even have that R6m? Mr Fat Cakes doesn’t have that. Zuptas and Dudu Myeni took the cream

_Business Let's be honest here. Everyone can be dodgy given the opportunity. The test is whether or not your values and moral compass out weigh the temptation to be dodgy. Regardless or race or gender.And if you f*ck up or break the law you should face the repercussions. Simple.

_Business Good.

_Business I really wondered what happened to her. A CA who didn't know what's a valid contract or is she one of those who bought their qualifications. How is it so easy for women to sacrifice their hard earned qualifications for a nobody guy/dude?

_Business Why?

_Business She could have put her foot down and said No just like Nhlanhla Nene. She would be recognized as a CA today...what a pity😏

_Business YakheKwinana are you still praying?

_Business There is no way under this sun that she wrote or understood the SAICA exams.

_Business This woman almost drove Zondo insane.

_Business Jacob Zuma destroyed careers, if you are not happy with what I said go argue with your ancestors.

_Business competency not race 🤦🏻‍♂️

_Business This is SAD! 😳😳😳

_Business A whole chartered accountant risking it all for Dudu Myeni and HE Zuma hare brained schemes

_Business Good news.

_Business So thay get fined. They naturally will say they can't pay. They go off and live a life of luxury with the money they can't pay. Where is the punishment?

AndiMakinana _Business CKkwena_2010 damn

_Business KPMG still practicing and still considered of the top 5. Just saying

_Business What about facing some jail time?

_Business Who bought SAA with R51.00?

_Business Where is Obelhozer, The real thief?🤔🤔

_Business Good news!!!!

_Business It is sad that she is in this condition. I see some natives are celebrating her demise. I wonder who bewitched us as blacks that we hate each other so much. To a point of celebrate failures of people.

_Business Nonsense... Markus Jooste?

lira12_joy _Business Apartheid is well and alive in this country sies CyrilRamaphosa PresidencyZA.

_Business The Zondo Circus has casualties?

_Business What about the SAA pilot who flew for years without certification? SA Justice is very bias

_Business The words of Chief Justice Zondo still echo in my ears, 'Ms Kwinana you are a Chartered Accountant for heavens sake'!

_Business She was so embarrassing at the commission, sounded more like a comrade than anything.

_Business 😳 was it worth it though

_Business Why?

_Business See RSA and it's Accountability and Lawyers in a land with zero accountability and endless litigation

_Business

_Business The fat cakes CA

_Business And we are still waiting for Markus jooste and white CFO from VBS

_Business Consequences of being a Zuma nd Dudu Myeni's stooge.

_Business They used her and now she's paying the price alone.

lavitosoul _Business All State Capture enablers will fall one by one. It's just unfortunate that even the highly educated like Kwinana and others availed themselves to be used by uneducated Zuma and the foreign nationals Gupta boys.

_Business Problem being put in senior positions in our government institutions or SOE's then run them as if its their own fiefdom , hiring friends family members dipping into its finances , handing out tenders like sweets

_Business 6.1million ZAR🙆🏿🙆🏿🙆🏿

_Business Her voice is still on my head this one. Vetkoek

_Business Inadequate punishment, in my opinion, when you consider what this horrendous woman did. She should be in chains.

_Business Even they can arrest magashule i will never vote for them,no one is doing Anything about the coal trucks at Mpumalanga

_Business Good

_Business That explains why SAA is no longer operating as it should..

_Business How the f.. k did she make it as a CA🤔

futureherman _Business Karma at its best! Crooks may prosper for a time, but in the end, their ill-gotten gains will lead to their downfall.'

_Business I see even her child now has downgraded. Kubi😭

_Business Minus one problem

_Business Isn't this the fat cake lady ? 😂😂😂🤣🤣🤣🤣

_Business What seemed like a joke then in Zondo commission is now paying off.

_Business The Zuma Foundation will offer her an accounting position no doubt. Seems all those with a storm cloud above their head find a home there. MzwaneleManyi

_Business Sad part is she has face all the consequences alone. No career, Loss of income...

_Business Having gone to school to study, spending sleepless nights doing school work and end up being used by a grade 6 learner and your losing credibility is sad and painful

_Business Haha !!

_Business But will she remember ?

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