Sygnia warns next few months will be tough as SA corporate failures rise
The group says it avoided the fee reduction pressure seen recently in the industry due to its low-cost focus
10 June 2020 - 08:48
Specialised financial services group Sygnia, which was founded by Magda Wierzycka, has warned the next few months could be tough on the investment industry, as corporate failures and job losses gain pace due to the Covid-19 pandemic.
Distressed companies are reducing or suspending contributions to retirement funds, while SA investors are dipping into savings, and looking to move funds offshore, the group said...
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