Photo by: Duane Daws
The Organisation Undoing Tax Abuse, or Outa, on Thursday lambasted State-owned enterprise South African Airways’ (SAA’s) Yakhe Kwinana for stepping down from its board.
Media reports earlier this week stated that Kwinana was resigning, having said that, “it has come to a stage where I had to weigh the risks of staying”, referring to her belief that the airline was heading towards liquidation.
Outa called the move by the nonexecutive director – a board member since 2009 – “selfish and insincere”, adding that it “smacks of a self-preserving act by a person around who the walls of an investigation are closing fast”.
“We have been investigating Kwinana’s conduct . . . as an SAA board member for some time now, and her conduct falls very short when analysed against the test of a reasonable board member,” Outa legal affairs director Ivan Herselman said in a statement.
Outa further accused Kwinana of having acted with disregard for the principles and practices that govern her profession as a chartered accountant.