Jonas To Join Sygnia As Non-executive Director

PICTURE: The South African

JOHANNESBURG: Former deputy finance minister Mcebisi Jonas is set to join the board of investment management company Sygnia, subject to shareholder approval.  

In a notice to shareholders on Monday morning, Sygnia – will is run by Magda Wierzycka – said Andre Crawford-Brunt, the managing partner at Braavos Partners, would also be joining its board as a non-executive director, while the Sygnia’s Deputy CEO David Hufton will also get a seat. 

Shareholders will get to vote on making the three appointments official at a special general meeting on October 2, 2018, in Cape Town. 

Jonas made headlines in the past where he claimed that the Guptas offered him R600 million in exchange of securing contracts for them. He turned down the offer and instead, he made the revelations which led to the demise of the Gupta empire. 

While testifying at the State Capture Inquiry, Jonas adds that he confided in the then Finance Minister Nhlanhla Nene and Pravin Gordhan about the incident and was told by both of them to not yet tender his resignation. Jonas also told Nene that he will be removed as the minister.

Jonas says the following about Nene’s unceremonious removal: “Pressure from then-President Jacob Zuma to approve the nuclear deal on us was immense and was ultimately the trigger that led to the removal of Nene as the minister. The nuclear deal at the time was a big issue… I was on a flight to PE [Port Elizabeth] when Mr Nene was removed.