Images via Twitter. Magda Wierzycka (@magda_wierzycka) and Pres Cyril Ramaphosa (@CyrilRamaphosa)
Sygnia Asset Management is developing a new vaccine and South Africans are once again connecting the dots between CEO Magda Wierzycka and President Cyril Ramaphosa.
Sygnia, an investor in Oxford Sciences Innovation, approached the Serum Institute of India (SII) to run trials on a new set of jabs. The aim is to produce 10 million inoculations for South Africa citizens.
MAGDA WIERZYCKA, RAMAPHOSA AND THE VACCINE
Earlier this week, Wierzycka told Moneyweb editor Ryk van Niekerk that the Ministry of Health should use AstraZeneca on medical personnel in order to have a “larger sample size to observe on a live basis”.
This after Minister Zweli Mhkize placed the rollout of the Oxford-AstraZeneca vaccine on hold to determine its effectiveness. As “an actuary and a statistician, Wierzycka believes that “a sample of 1 100 people is a very, very small statistical sample”.
The storm in the test tube, however, started when the EFF said Wierzycka is “too close” to Cyril Ramaphosa, and added that she should not be doing business with the state in the first place.
“The EFF notes the shocking revelations that a CR17 funder, Magda Wierzycka, is involved as a middleman in the procurement of a new vaccine. Another white European friend of Cyril Ramaphosa is being rewarded with a state contract”.
RELATIONSHIP WITH CYRIL RAMAPHOSA
Remember that part where the EFF said: “Wierzycka is one of the many instances of accumulation by dispossession used to line the pockets of greedy capitalists through their prepaid puppet president Ramaphosa”? Yeah, that. That’s the issue here.
Let’s circle back to the EFF claims’ that Wierzycka is a close friend of the president. While there is no proof of a link between Wierzycka and Ramaphosa, rumour has it that she was one of Ramaphosa’s political campaign funders.
Many believe that Ramaphosa was chosen to represent the interests of white capitalists. Wierzycka denied these claims but defended herself on Twitter by saying the donations were done for the betterment of South Africa.
“Everyone who contributed did so to stop corruption, reduce poverty and save South Africa from Zuma, the Guptas, etc. No one expected anything in return other than a well-run country (excl Bosasa). The other side opted for cash donations in bags. More difficult to track than legitimate donors.”
She also said South Africans should “allow CR to focus on delivering growth” because going “back to Zuma” was not an option. It’s now eighteen months later and South Africans don’t forget that easily.
“The dots are connecting and it’s looking like Cyril paying back the investment that made him president”.
MAGDA WIERZYCKA’S ACHIEVEMENTS AND QUALIFICATIONS
Wierzycka – a Polish national and the co-founder and CEO of Sygnia Ltd, a financial services company – is the richest woman in South Africa. She had a net worth of R1.096 billion in 2018.
According to Entrepeneur, Wierzycka and her family “arrived in South Africa in 1983. They had R500 in their account and had spent the last year in a Polish refugee camp in Austria”.
“From the moment I turned 18, I’ve had to support myself. I’ve also had an interesting career, working at different places and filling different roles, and I’ve travelled widely. I think it’s this background that’s given me the ability to come up with innovative ideas”.