Former deputy finance minister Mcebisi Jonas has relinquished his position as nonexecutive director of Sygnia due to a potential conflict of interest after his recent investment in Apex Group’s SA operations.

“Mr Jonas has decided to pursue business interests which, by their nature, compete with the business of the company, necessitating his resignation. The Sygnia board expresses its sincere appreciation and gratitude to Mr Jonas for his services to the company and wishes him well in his future endeavours,” asset manager Sygnia, cofounded by Magda Wierzycka, said in a statement...

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