Is Sygnia ready to strike?
Magda Wierzycka is synonymous with the asset manager she cofounded, leveraging her insights and forthright opinions into a presence that outshines bigger but stodgier rivals
22 August 2024 - 05:01
Despite being a relative minnow in South Africa’s extensive financial services waters, Sygnia makes a bigger splash than its much larger competitors.
On paper, the R3bn group should be lucky to get even a few glances from investors and savers alike. What’s more, Sygnia’s shares have very low tradability, with more than two-thirds of its equity owned by founders Magda Wierzycka and her husband Simon Peile, both actuaries. The group’s marketing budget is almost invisible — though for a while it did advertise its Skeleton fund range on Cape Town’s MyCiTi buses...
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.