Please join me in welcoming SAICA’s first female Chief Executive Officer, Patricia Stock CA(SA), effective 1 December 2023.

This transformative appointment comes as a double victory for the institute as it coincides with what has been SAICA’s inspiring and successful celebration of Women’s Month and propels our institute’s strategic agenda for growth and transformation in the accountancy profession.

A fellow SAICA member, Patricia holds extensive qualifications that include a master’s degree in international accounting from the University of Johannesburg. She is a highly experienced and entrepreneurial leader with over 14 years of operational, senior management and executive experience. Her journey is marked by successful tenures in multiple governance and leadership positions, both executive and non-executive. She holds memberships in a range of credible, affiliated professional bodies, making her a formidable driving force in the profession.

Patricia’s positive impact is evident in her previous tenures as Audit Director and Partner at BDO SA, as well as roles at the Auditor General of South Africa, and as a SAICA board member. Her expertise spans strategy development, risk management, compliance, governance, and relationship management, positioning her as an adept leader for SAICA’s ongoing commitment to acting in the public interest.

In her current role as CEO of MGI RAS, she steers a large team of individuals and oversees a diverse range of services, including external and internal audit assurance, financial management and assurance consulting, audit quality assurance review and training, transformation advisory, governance consulting, and more.

Following an elaborate and intense recruitment process, filled with some of the industry’s notable talent, the Board is pleased to appoint Patricia, because we believe that she is a thought leader and trailblazer that will propel SAICA to even greater heights! She brings with her a remarkable blend of experience, vision, and transformative leadership to SAICA.

We believe that her modern-day business acumen, strategic thinking, passion for people, and her deep understanding and commitment to our profession and its people, will further elevate SAICA’s role in shaping the future of the economy. With her at the helm, we are well-positioned for a dynamic era of growth, leadership, and positive impact

The Board extends its deep gratitude and appreciation to the incumbent CEO, Mr. Freeman Nomvalo, for his indelible contribution not only to SAICA, but to the entire profession during his tenure. He has been a real difference maker and SAICA wishes him all the success in his next chapter.

As part of Patricia’s onboarding programme, face-to-face sessions across the regions will be scheduled, where you as our members and associates will be afforded an opportunity to engage with her.

We congratulate Patricia on her appointment, and we look forward to embarking on this new and exciting chapter under her guidance and capable leadership.

Regards

Vincent Motholo

Chairman: SAICA Board