20°C / 22°C
  • Fri
  • 29°C
  • 12°C
  • Sat
  • 29°C
  • 12°C
  • Sun
  • 29°C
  • 13°C
  • Mon
  • 26°C
  • 11°C
  • Tue
  • 27°C
  • 9°C
  • Wed
  • 22°C
  • 7°C
  • Fri
  • 19°C
  • 13°C
  • Sat
  • 17°C
  • 13°C
  • Sun
  • 17°C
  • 12°C
  • Mon
  • 23°C
  • 12°C
  • Tue
  • 24°C
  • 13°C
  • Wed
  • 28°C
  • 13°C
  • Fri
  • 31°C
  • 14°C
  • Sat
  • 31°C
  • 15°C
  • Sun
  • 31°C
  • 15°C
  • Mon
  • 27°C
  • 13°C
  • Tue
  • 28°C
  • 10°C
  • Wed
  • 24°C
  • 10°C
  • Fri
  • 32°C
  • 14°C
  • Sat
  • 31°C
  • 14°C
  • Sun
  • 31°C
  • 16°C
  • Mon
  • 28°C
  • 14°C
  • Tue
  • 29°C
  • 11°C
  • Wed
  • 23°C
  • 9°C
  • Fri
  • 27°C
  • 18°C
  • Sat
  • 24°C
  • 18°C
  • Sun
  • 23°C
  • 17°C
  • Mon
  • 19°C
  • 16°C
  • Tue
  • 20°C
  • 16°C
  • Wed
  • 20°C
  • 13°C
  • Fri
  • 22°C
  • 16°C
  • Sat
  • 20°C
  • 14°C
  • Sun
  • 16°C
  • 13°C
  • Mon
  • 17°C
  • 11°C
  • Tue
  • 18°C
  • 11°C
  • Wed
  • 21°C
  • 12°C
  • Fri
  • 21°C
  • 12°C
  • Sat
  • 17°C
  • 10°C
  • Sun
  • 19°C
  • 8°C
  • Mon
  • 25°C
  • 7°C
  • Tue
  • 25°C
  • 12°C
  • Wed
  • 32°C
  • 15°C
  • Fri
  • 19°C
  • 13°C
  • Sat
  • 16°C
  • 12°C
  • Sun
  • 16°C
  • 11°C
  • Mon
  • 22°C
  • 11°C
  • Tue
  • 22°C
  • 13°C
  • Wed
  • 26°C
  • 16°C
  • Fri
  • 32°C
  • 15°C
  • Sat
  • 32°C
  • 15°C
  • Sun
  • 32°C
  • 15°C
  • Mon
  • 29°C
  • 16°C
  • Tue
  • 29°C
  • 13°C
  • Wed
  • 27°C
  • 13°C
  • Fri
  • 31°C
  • 18°C
  • Sat
  • 31°C
  • 16°C
  • Sun
  • 30°C
  • 16°C
  • Mon
  • 29°C
  • 14°C
  • Tue
  • 29°C
  • 14°C
  • Wed
  • 25°C
  • 10°C
  • Fri
  • 31°C
  • 15°C
  • Sat
  • 33°C
  • 12°C
  • Sun
  • 32°C
  • 13°C
  • Mon
  • 21°C
  • 12°C
  • Tue
  • 24°C
  • 11°C
  • Wed
  • 19°C
  • 7°C
  • Fri
  • 24°C
  • 14°C
  • Sat
  • 19°C
  • 12°C
  • Sun
  • 15°C
  • 10°C
  • Mon
  • 17°C
  • 9°C
  • Tue
  • 18°C
  • 10°C
  • Wed
  • 23°C
  • 9°C

Old Mutual sacks Peter Moyo again

This was despite the fact that the insurer was still waiting for the High Court to rule on its leave to appeal the judgment that said that Moyo's dismissal was unlawful.

Peter Moyo in the Johannesburg High Court on 18 July 2019. Picture: Nthakoana Ngatane/EWN

JOHANNESBURG - Old Mutual has fired its CEO Peter Moyo again.

This was despite the fact that the insurer was still waiting for the High Court to rule on its leave to appeal the judgment that said that Moyo's dismissal was unlawful.

He was fired for what Old Mutual had said was a conflict of interest regarding his company NNMT Capital.

But Moyo fired back, accusing board chair Trevor Manuel of doing the same regarding his position with the Rothschild Group.

Moyo's lawyer Eric Mabuza said this move by Old Mutual was inexplicable.

"It's corporate madness. It's a textbook case of contempt of court. It's gone way beyond anything we've seen in our lives. It's actually way worse than contempt and it's clear the directors are no longer protecting the company but their own interest."

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus