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

Old Mutual: Peter Moyo’s dismissal stands, he cannot return to work

Old Mutual has denied reports that it is backing down on litigation with fired CEO Peter Moyo.

Former Old Mutual CEO Peter Moyo. Picture: YouTube

JOHANNESBURG - Old Mutual has denied reports that it is backing down on litigation with fired CEO Peter Moyo.

The insurer said Moyo’s dismissal stands and he cannot return to work.

Moyo was fired twice for alleged conflict of interest regarding his company NMT Capital. He went to court to challenge the first dismissal and the Johannesburg High Court ruled twice that Moyo should be re-instated.

Old Mutual spokesperson Tabby Tsengiwe said the company decided to rely only on the second dismissal.

“We are saying that the second letter of termination served on Mr Moyo on 21 August stands and is valid, it has not been contested even by Mr Moyo himself in the courts. And we are saying we are not going to seek court processes for any further clarification because Old Mutual believes that letter is valid and it stands, and as a result, Mr Moyo is neither required nor permitted to report to work,” she said.

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