Court rules Old Mutual does not have to reinstate ex-CEO via SABCNewsOnline
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.does not have to reinstate its sacked chief executive Peter Moyo, a shift in legal fortunes for the country’s No.2 insurer that pushed its shares up almost 4%.
The legal battle between the company and Moyo has been going on for six months. It has affected the group’s share price, with 17% wiped off and has caused shareholders to lose billions of rands.The written judgement on Tuesday said that the interim order temporarily reinstating Moyo should not have been granted in the first place.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUST IN: Old Mutual wins appeal against order reinstating axed CEO Peter MoyoJUST IN: Old Mutual wins appeal against order reinstating axed CEO Peter Moyo | Fin24
Read more »
Court upholds Old Mutual appeal against Peter Moyo's reinstatementA South African court upheld Old Mutual's appeal against temporary reinstating its sacked chief executive Peter Moyo with costs, on Tuesday.
Read more »
BREAKING NEWS: Old Mutual wins case against Peter MoyoThe ruling has sent the group's shares up as much as 5.1%, putting it on track for its best one-day performance in more than two months
Read more »
BREAKING NEWS: Old Mutual wins case against Peter MoyoThe ruling has sent the group's shares up as much as 5.1%, putting it on track for its best one-day performance in more than two months
Read more »
Old Mutual wins appeal against Peter MoyoOld mutual is now free to appoint a CEO of its choice
Read more »
AfriForum leans on gay-bashing columnist in old flag caseAfrikaner rights group AfriForum has found an unlikely bedfellow - columnist Jon Qwelane.
Read more »