Sygnia CEO stands up to state capture

Magda Wierzycka, Treasury and the Finance Minister have joined forces against state capture 

According to Magda Wierzycka (pictured), Sygnia Asset Management CEO, National Treasury and the Minister of Finance will be filing supporting documents in a state capture case which Wierzycka and the Helen Suzman Foundation filed at the North Gauteng High Court on 14 December 2017.

Yesterday morning Wierzycka tweeted:

“The National Treasury and the minister of Finance are supporting our civil case against the plunderers and thieves at Eskom. We are going to ask for quicker court dates to bring those responsible to account faster. How the world has changed since November 2017.”

The Helen Suzman Foundation said previously in a statement that the court application was filed as a result of the “inaction” by organs of state and relevant law enforcement agencies, such as the South African Police Service and the National Prosecuting Authority, to address state capture.

It is hoped that the legal proceedings – initiatited against Eskom, Jacob Zuma, the Gupta family, Duduzane Zuma, and others – will recover R5 billion in illicit expenditure.