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Sygnia ‘weathers the storm’ to declare record dividend

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Stock rallies as much as 7.6% after asset manager also reports record assets under management of R296.4bn for the year ended September

Sygnia’s share price rallied after the asset manager cofounded by Magda Wierzycka declared its biggest dividend yet after record annual profits.

The Cape Town-headquartered firm’s results published on Tuesday show after-tax profit rose 16.9% to a record R240.9m for the year to end-September...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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