On Thursday, Old Mutual sent a letter to Moyo indicating that it wishes to “de-escalate” the ongoing dispute between itself and Moyo by not pursuing any further legal action against him. In the letter, Old Mutual suggests that “that both parties should seek to avoid further proceedings that would not serve to resolve the central issues that exist between them.”
In its correspondence, Old Mutual pleaded with Moyo to not return to his workplace, as he has done twice before “with or without a press entourage” until Judge Brian Mashile has made a ruling on his employment status. The notice pay is R4-million, he [Moyo] has got it in his bank account already. I don’t know what else he might expect,” Manuel said.
At the heart of the dispute between Moyo and the 174-year-old company is Moyo’s sacking in June after he allegedly pocketed R30-million worth of dividends from investment company NMT Capital, which he co-founded and holds a 30% percent stake in. Old Mutual also holds a 20% stake in the company.
Is this when he insulted the judge?