The Association for the Advancement of Black Accountants of Southern Africa (Abasa) has honoured auditor-general (AG) Kimi Makwetu with a lifetime achievement award for his “stellar work” in leading the country’s supreme audit office.
Abasa, a non-profit organisation founded in 1985, also recognised Makwetu for his contribution to the accounting/audit profession.
The organisation aims to develop black professional and aspiring accountants, with a view to ensuring that access to the profession is widened to include those who did not have opportunities in the past.
Abasa interim president Ashley Dicken said they honoured Makwetu with their 2019 Presidential Award for Lifetime Achievement “for his stellar work in leading the preeminent chapter 9 institution of the country during his term”.
“In particular, under Mr Makwetu’s leadership, the Auditor-General of South Africa (AGSA) has reached a milestone of over 1 000 chartered accountants in its ranks. Also as a key institution of accountability in the public service, the recent passing of the Public Audit Act [amendments] has the potential to significantly alter the safeguarding of the nation’s resources through fostering greater accountability amongst the custodians of public resources,” noted Dicken.
He added: “It is the view of the Abasa executive committee that such achievements, together with Mr Makwetu’s role as a thought leader in the profession, merit a recognition through the lifetime achievement award.”
Makwetu, whose fixed seven-year term as South Africa’s AG comes to an end tomorrow (Sat), said he is honoured that his industry peers have noticed the institution’s efforts towards the advancement of the country, and the development of the profession.
“When we were given the once-in-a-lifetime privilege and task to lead the country’s supreme audit institution, the main focus has always been to make a contribution towards helping to strengthen South Africa’s democracy by enabling sound oversight, accountability and good governance. It is encouraging that my colleagues in the industry have noticed our efforts,” he said.
“While the award is in my name, I accept it on behalf of the team that I am privileged to lead – they are the ones who continue to implement the vision we collectively have for our office and our country. We work together, and all of us do the sterling work that is being recognised by Abasa.
“To us, this recognition says our efforts are on the right track, but there is still a lot that we need to do to help our country’s drive towards wholesale good governance. And, working closely with others who have a keen interest in the advancement of our country, we are up to this national challenge,” added the AG.
Makwetu was born in Cape Town and completed a Social Sciences degree at the University of Cape Town in 1989. He received a BCompt Honours degree from the University of Natal (distance learning in 1997) and is a qualified chartered accountant.
He started his career with Standard Bank and later worked at Nampak. He completed his articles at Deloitte where he progressed to senior management before joining Liberty and Metropolitan Life in Cape Town (Western Cape). He moved to Gauteng in 2003 where he worked at Liberty Life.
Makwetu returned to Deloitte as a director in the firm’s forensic unit before his appointment as Deputy Auditor-General at the Auditor-General of South Africa (AGSA).
He is married and has three children.