Saica
Saica: Singh violated several laws but not guilty of misconduct with Guptas
The South African Institute of Chartered Accountants (Saica) has terminated Anoj Singh's membership after a disciplinary hearing found him guilty of 12 out of...
The membership of the former Eskom CFO was terminated after a disciplinary hearing found him guilty of 12 out of 18 charges against him.
Former Transnet manager Francis Callard is continuing his testimony at the third sitting of Saica's disciplinary committee's hearings against Anoj Singh.
The second day of the South African Institute of Chartered Accountants' disciplinary hearing against former Transnet and Eskom CFO Anoj Singh was spent interrogating more evidence that was presented by former Transnet employee Francis Callard.
Francis Callard has told the Saica hearing that Singh demanded the delivery of up to 480 locomotives be brought forward at the risk by negating critical factors, such as Transnet engineering’s capacity.
Singh who is a former CFO at Transnet and Eskom faces 18 charges of misconduct for his dealings when he was responsible for the finances in the two state-owned companies.
Former Transnet strategy manager Francis Callard is the first witness to appear before this disciplinary committee on Wednesday.
The hearing is listening to opening arguments by Saica legal representative Advocate Hamilton Maenetja SC, who is explaining to the disciplinary committee the merits of each charge levelled against Singh.
Singh faces disciplinary action emanating from 18 charges for being in breach of various clauses of Saica's code of conduct, including that he behaved in a manner that brought the accountancy profession into disrepute.
Singh faces disciplinary action emanating from 18 charges for being in breach of various clauses of Saica's code of conduct, including that he behaved in a manner that brought the accountancy profession into disrepute.
Saica is making submissions in Parliament during public hearings on the Mid-Term Budget Policy Statement unveiled last week by Finance Minister Tito Mboweni.
Public Enterprises Minister Pravin Gordhan said that President Cyril Ramaphosa was expected to make an announcement regarding the splitting of Eskom into three parts.
The South African Institute of Chartered Accountants (Saica) said it understood the implication of a sovereign downgrade if the utility was not guided by responsible leadership.
Singh has been accused of wrongdoing in Transnet's procurement of over 1,000 locomotives.
Saica released its preliminary report into the elections, which indicated that the elections were generally free and fair.
Saica deployed 350 of its members to 1,300 voting stations on Wednesday to observe both the counting and voting processes.
This is the second time the accounting body is carrying out this task after the 2016 local government elections.
Former VBS Bank CEO Andile Ramavhunga and former Vele Investments chair Tshifhiwa Matodzi failed to arrive on Friday, but the committee believes it could have done more to communicate with them.
Former VBS Bank CEO Andile Ramavhunga and former Vele Investments chair Tshifhiwa Matodzi failed to arrive on Friday, but the committee believes it could have done more to communicate with them.