The Johannesburg High Court on Tuesday upheld an appeal by the 175-year-old insurer against a judgment delivered in July last year to temporarily reinstate the CEO.
Moyo told reporters outside the courthouse that there is a “very good chance” he will seek to overturn the decision at the Supreme Court of Appeal.Moyo was suspended by the financial services giant in May and axed in June, with Old Mutual citing a breakdown in trust and a conflict of interest related to NMT Capital, a boutique investment firm he co-founded.
This is legally wrong. Study judgment
Good job get rid of these rent seekers who do deals on the side
Peter is going back to work.
Like the Afrikaners did when they started OldMutual, perhaps this is a sign that Peter Moyo start his own Old Mutual in his country of birth Zimbabwe, with the conflict of interest monies he made in Old Mutual. Sometimes in business one should know when to walk off
Don't stress. Old mutual will appointed another bee quota. So all good ne. Racists.
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