ACSA appoints Lindani Mukhudwani as its new acting CFO
She will be taking over from Dirk Kunz until a permanent CFO has been appointed.
Airports Company South Africa (Acsa) announced on Thursday that it has appointed Lindani Mukhudwani as its acting CFO with immediate effect.
Acsa is a state-owned entity (SoE) that manages SA’s nine biggest airports, including OR Tambo International in Gauteng, Cape Town International in the Western Cape and others.
Lindani succeeds Dirk Kunz, who has been acting CFO since January 2017 after Maureen Manyama vacated her position as CFO and executive director on 12 January 2017.
Lindani’s appointment means that Acsa looked internally to replace Dirk, who has returned to his position as group manager of corporate finance.
According to an Acsa spokesperson, this follows the new policy on acting positions and the associated allowances, wherein the approved acting allowance policy sets acting appointments for a minimum of six months and a maximum 12 months, allowing rotation to kick in after six months.
The policy was made effective from 12 June. In line with this decision, Acsa agreed to release Dirk from his role with immediate effect. Lindani, as a result, was appointed as acting CFO on 13 June.
Before she was appointed as acting CFO, she was Acsa group finance manager, a position she held since September 2018. Prior to this, she was the senior manager at Auditor General South Africa.
She received a B.Com degree from the University of Pretoria and a B.Com honours degree from the University of KwaZulu-Natal.
The process to appoint a permanent CFO is currently underway, ACSA said in a statement issued on the JSE’s regulatory news service on Thursday.
Acsa has been rocked by allegations of corruption that has implicated its senior managers in allegations of flouting procurement processes. Acsa has since conducted forensic investigations that have concluded that some of its directors were awarding various tenders to their related parties — flouting the SoE’s procurement rules.
In September 2017, the company’s board suspended procurement manager Percy Sithole, general manager of regional airports Jabulani Khambule and legal counsel Bongani Machobane.
Dirk, a trained chartered accountant, was appointed to clean up deficiencies in Acsa’s procurement processes. He came into the position with more than eight years’ experience at Acsa, which includes serving as the SoE’s group manager for corporate finance.