Investigations into Net1 by the US Justice Department, the SEC and the Hawks, which found nothing untoward, threatened huge fines and jail time. But this one is even more important for Net1. It’s existential.
These vigorous interchanges of opinion reflect something good. Divergent views are the lifeblood of an independent media.
In this final instalment of the Retirement Annuity 101 series, Sygnia Asset Management’s Chief Executive Officer Magda Wierzycka assesses the impact of the fees discussed in part three.
Magda Wierzycka draws a comparison between three cost situations – investors can be quite short sighted in this regard – and outlines how differences in costs can impact RA returns.
In part two of four, Magda Wierzycka, CEO of Sygnia Asset Management talks retirement annuities, and the choice between active vs passive investment strategies
The tax changes to level the playing field between retirement annuities (RAs), provident funds, and pension funds may have been postponed, but these are coming.
As more detail emerges about National Treasury’s retirement reform proposals, the retirement funding industry is gearing up to deal with the changed environment. Below, Prescient Life CEO Daniel Acres talks about the way the industry is going to have to evolve. In particular, he has a lot to say on the subject of costs. South … Read more
Magda Wierzycka and I go back a long way. Apart from the glamour which she brings to proceedings, Magda is also a straight talker, never shirking controversy. I recall her admitting that lavishly entertaining guests at the 2004 Greece Olympics was, with hindsight, a mistake. But that stemmed from her only significant mis-step in an … Read more
Asset management entrepreneur Magda Wierzycka is set to shake up the financial services sector by making a move that could spark a price war between index tracker fund providers. She has decided to build her company, Sygnia, into South Africa’s biggest passive asset manager, starting by undercutting competitors and making index-tracking funds very attractive for … Read more