Tag ArchivesMagda Wierzycka

Magda Wierzycka

Open letter to Cyril Ramaphosa from Sygnia’s Magda Wierzycka

Dear Deputy President Ramaphosa, We have all watched the renewed commitment of the ANC to rebuilding South Africa with great optimism, both domestically and on the global stage, since your election as its President. Corruption, financial mismanagement of State Owned Enterprises and state capture are key priorities. (more…)

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Magda Wierzycka, CEO of the Sygnia Group

Steinhoff – the largest corporate failure of the active asset management industry yet

By Magda Wierzycka. The failure of Steinhoff has shocked even the most seasoned asset managers. It is the biggest corporate failure on the JSE. Allegations of earnings manipulations, uncontrolled acquisition sprees and tax fraud are just the tip of the iceberg. Off-balance sheet companies were set up to hide losses, executives collaborated with each other to […]

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ETF

Sygnia acquires db X-trackers

Sygnia announced today that it has signed an agreement to purchase db X-trackers (RF) Proprietary Limited (“DBX”) from Deutsche Group Holdings (SA) Proprietary Limited for R325 000 000, subject to obtaining the necessary regulatory approvals.  Following this, and subject to FSB approval, the company and the ETFs will be rebranded. (more…)

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