South African Airways (SAA) has confirmed that chartered accountant Robert Newsome, who is facing charges of failure to declare a conflict of interest in relation to an SAA matter, was appointed acting head of risk and compliance at the embattled airline at the beginning of this month.
Read: The biscuit maker, the big shot auditor and the SAA cover-up
In a disciplinary hearing last week, the South African Institute of Chartered Accountants (Saica) asked the independent panel to find Newsome guilty and suspend his membership for five years. Saica also asked for Newsome to contribute R100 000 to its legal costs if found guilty.
SAA has been reporting huge losses and the newly-appointed board and CEO are tasked with turning around not only the finances, but also governance. In that…
