Old Mutual to seek new CEO urgently - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Old Mutual has been locked in a dispute with Peter Moyo since it suspended him in May 2019, in relation to an alleged conflict of interest involving investment company NMT Capital.following its court victoryThe Johannesburg High Court upheld Old Mutual’s application to appeal an earlier ruling which ordered Old Mutual to temporarily reinstate Moyo as CEO.

Moyo was suspended by the financial services company in May last year and fired in June over alleged conflict of interest relating to an investment firm that Moyo co-founded.Old Mutual Spokesperson Tabby Tsengiwe says: “From a legal stand point, we are very clear about the fact that we are now mandated to proceed with seeking and looking for a permanent CEO.

“Any individual or parties that are involved in litigation do have the right to appeal court rulings and as Old Mutual we will certainly respond to that.”

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Rand slips as Woolworths, Old Mutual lead stocks higherThe rand slumped to a one month low on Tuesday as data pointed to continued weakness in the economy.
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