Trevor manuel
Manuel hails late struggle icon Bloch as a mentor for many students
Bloch passed away earlier on Friday after a long illness.
At the time, she alleged that Manuel had written a letter to her weighing on the affairs of the board, and that he had tried to influence the appointment of directors.
The former Finance Minister says governemnt is unable to deal with poverty, unemployment and inequality because it is 'broken'.
The 175-year-old insurer has been led by acting CEO Iain Williamson since the abrupt sacking of ex-CEO Peter Moyo in June last year.
A new book sheds new light on the evolution of the economic policy of the African National Congress, South Africa's governing party.
In his capacity as AU chair, Cyril Ramaphosa has appointed Nigeria's former Finance Ministers Dr Ngozi Okonjo-Lweala from Nigeria and Trevor Manuel from SA amongst others to secure international funding for Africa's fight against the coronavirus.
"It’s not theatrics," Moyo tells Bruce Whitfield. "The court found against Old Mutual. I must be reinstated. So, I’m not ‘ex’!”
Peter Moyo returned to court on Monday after the insurer failed to allow him back at work, despite being ordered twice that he be reinstated.
Peter Moyo was fired in June in a dispute related to a conflict of interest but he maintains that board chair Trevor Manuel wanted him out for personal reasons.
The company approached the court for clarity on whether its ruling in July meant that Peter Moyo had to return to his post immediately.
Manuel denigrated judge Brian Mashile’s order for the insurer to reinstate axed CEO Peter Moyo.
Trevor Manuel says the board is unanimous that Moyo must go and the Johannesburg High Court ruling that reinstated him will be challenged.
Visibly irritated, Trevor Manuel addressed a media briefing on Friday, saying the company would appeal the ruling.
Old Mutual said it had fired Moyo for a break down in trust emanating from a conflict of interest with his company NMT Capital.
On Thursday, Old Mutual fired Moyo again, even though an application to appeal a court ruling that gave him his job back was still pending.
In June, Old Mutual said it fired Peter Moyo for conflict of interest but his lawyer Eric Mabuza denied this.
The High Court found that Peter Moyo’s axing as CEO was unlawful and that he should be reinstated temporarily.
It’s been confirmed that Advocate Busisiwe Mkhwebane will investigate the appointment of South African Revenue Services (Sars) Commissioner Edward Kieswetter.
Peter Moyo was fired because of a conflict of interest involving a company he founded, NMT Capital.