The woman running a R300 billion financial empire in South Africa

Magda Wierzycka has come a long way from her humble beginnings, becoming one of the richest businesswomen in South Africa by building a financial service sector empire. 

She has founded and played a key role in the growth of numerous financial service and asset management companies, most notably, Sygnia. 

She co-founded and served as long-time CEO of the company, which currently has a market cap of R3.07 billion and oversees more than R318 billion in assets. 

Listed as one of “Africa’s 50 Most Powerful Women” by Forbes in 2020, Wierzycka is one of the country’s most successful businesswomen, with an estimated net worth in the billions.

By Seth Thorne.

Full story at Business Tech.