Streaming issues? Report here
volume_up
volume_mute

Home
arrow_forward
Business

Old Mutual heads to court again over Peter Moyo saga

10 September 2019 9:53 AM
Tags:
Courts
Peter Moyo
old mutaul
Old Mutual fires Peter Moyo
The financial institution barred Moyo from resuming his duties on Monday after the court reinstated him.

The feud between Peter Moyo and Old Mutual continues.

On Monday, Old Mutual barred Moyo from resuming his duties as CEO, days after a court again reinstated him.

Moyo was fired in June over a breakdown in trust and alleged conflict of interest, but the court reinstated him.

Refilwe Moloto speaks to Business Day business and finance writer Londiwe Buthelezi about the ongoing conflict.

Their reasons for refusing Moyo entry are the same as last time. Last time they lost an appeal so they said while this process is ongoing he shouldn't return.

Londiwe Buthelezi, Journalist - Business Day

RELATED: Old Mutual promises more court action after barring Peter Moyo again

On Friday the judge ruled that Old Mutual was wrong in that interpretation and he must immediately return. They have said that now they will be going to court to seek clarity on whether the second letter of dismissal stand which they issued in August.

Londiwe Buthelezi, Business and Finance Writer - Business Day

Listen to the full interview below...


10 September 2019 9:53 AM
Tags:
Courts
Peter Moyo
old mutaul
Old Mutual fires Peter Moyo

More from Business

The Rule of 72 - taking charge of your own investment

22 September 2019 11:33 AM

Certified financial planner Paul Roelofse explains how the 'magic' number will help you focus on increasing your returns.

Read More arrow_forward

How to best save and invest for your children

20 September 2019 3:08 PM

Personal finance advisor Warren Ingram has advice for parents wanting to ensure an excellent education for their kids.

Read More arrow_forward

4 things you should never say if you want to get rich

20 September 2019 2:01 PM

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

Read More arrow_forward

Why are you still paying an advisor when your investments are not growing?

20 September 2019 1:19 PM

Should you DIY? Personal finance expert Warren Ingram answers definitively, shares tips on telling if an advisor is good or not.

Read More arrow_forward

Old Mutual director will be first of many to resign, says Sikonathi Mantshantsha

20 September 2019 1:13 PM

The Daily Maverick financial journalist says the poor handling of the Peter Moyo saga will no doubt see more board directors quit.

Read More arrow_forward

Fraudsters are getting professional, scamming consumers with ingenious methods

20 September 2019 12:06 PM

“It makes all of us a target to fraudsters,” warns Manie van Schalkwyk of the South African Fraud Prevention Service.

Read More arrow_forward

'We have evidence that the EFF and Julius Malema took bribes for tenders'

20 September 2019 11:08 AM

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

Read More arrow_forward

How to buy a new car even if you don’t really have enough money for it

19 September 2019 2:26 PM

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

Read More arrow_forward

69% of credit card fraud victims are old and alienated by technology

19 September 2019 11:57 AM

Most people who fell prey to credit card fraud in the first three months of 2019 were old, says consumer journalist Wendy Knowler.

Read More arrow_forward

I wish the Ndlovu Youth Choir was mine! - Roddy Quin (music manager)

19 September 2019 10:41 AM

“What they’ve done for SA is incredible! You cannot put a rand value to it,” says Johnny Clegg’s former manager, Roddy Quin.

Read More arrow_forward