Old Mutual must explain decision not to reinstate Moyo, judge rules

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Old Mutual will have to explain why its decision not to reinstate CEO Peter Moyo is not in contempt of court.

This was the ruling delivered on Monday morning at the Johannesburg High Court by Judge Cassim Moosa, who has allowed the second letter of termination that sacked Moyo to be considered as evidence in Moyo’s bid to be reinstated.

On July 30, Judge Brian Mashile ordered Old Mutual to reinstate him on a temporary basis, which they refused to do.

 

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Court grants Moyo leave to introduce new evidence, as Old Mutual battle drags onCourt grants Moyo leave to introduce new evidence, as Old Mutual battle drags on | Fin24
Source: News24 - 🏆 4. / 80 Read more »

Moyo lawyers: Manuel in contempt of courtFinancial services giant, Old Mutual now faces four claims of contempt of court including one arising from board chairperson Trevor Manuel describing Judge Brian Mashile as a “single individual who happens to wears a robe”. Manuel or Old Mutual...? Dear OldMutualLtd you have lost the battle. Your board must be fired, they reckless and vindictive. Says me, old mutual investor losing money. Settle this matter, you are a joke. If this was SAA or Eskom or SABC you will be part of the noise makers, this is our money too. Civil boycott from its members is the only solution here, Mzansi, why are we too gullible? OM is not Trevor Emmanuel,neither is the reverse true,this is you and my money these clowns are wasting on court battles, we all just need to withdraw our policies/investments from OM
Source: mailandguardian - 🏆 2. / 92 Read more »