Fin24 reports that the South African Institute of Chartered Accountants (Saica) has appointed Patricia Stock as its new CEO.

Stock, who previously served as CEO of accounting and auditing company MGI RAS, will start in December this year when the four-year term of the current CEO, Freeman Nomvalo, comes to an end. The new CEO has a master's degree in international accounting from the University of Johannesburg and is a former board member of SAICA. She was previously a partner and head of transformation for the group of companies under BDO SA. She also worked in various auditing positions at the Auditor General of SA. In a statement, Stock said she wanted to "champion excellence, innovation, and transformation" at Saica. SAICA chairperson, Vincent Motholo, praised Stock's "transformative" appointment as the organisation's first black woman CEO.

• Read the full original of the report in the above regard by Na'ilah Ebrahim at Fin24

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