Old Mutual announced in May that Moyo had been suspended but did not provide much detail at the time. In an update to shareholders, it said the board had decided to suspend Moyo after"various engagements" with him.
His legal team also argued that, in terms of its disciplinary code, the company ought to have appointed an independent chairperson who is"impartial and unbiased" to preside over an arbitration process before Moyo was sacked.3. But what has Trevor Manuel got to do with it? Moyo says one of the companies which stood to benefit from the exercise - which involved a transfer of R5bn from Old Mutual plc to the new entity - was Rothschild, of which Manuel was also chairman. At the time, Manuel was also a director at Old Mutual plc and chairperson of Old Mutual Limited. Moyo says it was then - in March 2018 - when friction between him and the company first developed.
Fin24 Thanks for the heads up. Any chance you could post the judgement as soon as you can?
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