Peter Moyo still barred from Old Mutual despite winning court case | IOL Business Report

📆 31/07/2019 21:02:00
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Peter Moyo still barred from Old Mutual despite winning court case

JOHANNESBURG - Old Mutual chief executive officer, Peter Moyo, reported for duty on Wednesday -- after a Johannesburg court ruled in his favour -- despite the insurer's decision to appeal the court ruling.

"While the company respects the court and its processes, it now plans to appeal to a higher court to argue that it acted lawfully when it terminated Mr Moyo's employment." His lawyer Eric Mabuza also stated that talks between Old Mutual and the legal counsel would commence on Wednesday afternoon.

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Joburg court orders Old Mutual to reinstate former chief Peter Moyo | IOL Business ReportPeter Moyo sought the assistance of the courts after the insurer first suspended and fired him in May over alleged conflict of interest.
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