Survé breaks silence on Ayo scandal by attacking Wierzycka
The latest attack on Sygnia CEO Magda Wierzycka in Iqbal Survé’s newspapers is based on a story from brother-in-law Khalid Abdulla
Sygnia CEO Magda Wierzycka “absolutely denies” allegations published in Iqbal Survé’s newspapers claiming she offered to stop writing negative articles about his companies if she could buy her shares back at a discount. On Tuesday, Survé’s Business Report carried an article based on an affidavit written by Survé’s brother-in-law, Khalid Abdula, who is CEO of Survé’s investment holding company, African Equity Empowerment Investments (AEEI). Wierzycka initially responded with “crying with laughter” emojis.
“I’ve made a couple of attempts to buy back those shares,” Wierzycka said in a radio interview on Tuesday afternoon. “They have rebuked me every single time. The last exchange we had was when I offered to buy back the shares at market rates. They refused and the next thing I hear is I’m charged with extortion.” A subsequent Tweet from Wierzycka indicated that what she initially regarded as joke had turned ugly...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.