Magda Wierzycka has gone from beginnings as a refugee, to becoming one of South Africa’s richest and most successful businesspeople.
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.
Wierzycka then attended Pretoria High School for Girls, having to play catch-up after she missed close to a year of schooling while in the refugee centre. After obtaining her degree, Wierzycka’s started her career at Southern Life in 1993 , working in development and as an investments actuary.Magda Wierzycka. Photo: Provided
She became one of four key senior executives, seeing the institutional assets under her management grow fivefold., Wierzycka dedicated a chapter to her “Coronation Years”, where she described herself as being “instrumental” in growing Coronation from a “start-up” to one of the premier asset managers in the country.
After selling African Harvest Fund Managers to Cadiz Financial Services in 2006, she guided the buy-out of the remaining African Harvest group, ultimately creating Sygnia. During Wierzycka’s time, Sygnia’s assets went from R2 billion to becoming “the second largest multi- management company in South Africa, one of the two largest passive managers in the country, and the largest provider of international ETFs in South Africa,” according to their annual report.The businesswomen has other ventures as well; she has also co-founded a UK-based venture capital firm, Braavos Investment Advisers.
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