Streaming issues? Report here
CapeTalk logo 2017 1500 x 1500 CapeTalk logo 2017 1500 x 1500
Best of Talk
01:00 - 03:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Best of Talk
01:00 - 03:00
Home
arrow_forward
Business
fiber_manual_record
Local
fiber_manual_record
Opinion

'Old Mutual outplayed by Peter Moyo in court of public opinion'

25 October 2019 9:28 AM
Tags:
Ferial Haffajee
Peter Moyo
Old Mutual Ltd
Old Mutual fires Peter Moyo

Daily Maverick's Ferial Haffajee discusses why the facts are getting lost in public perception of 'David-vs-Goliath' battle.

The ongoing saga of former CEO Peter Moyo's court battle with Old Mutual has gripped the public imagination.

Daily Maverick associate editor and columnist Ferial Haffajee penned an article which examines why South Africans have fallen for the David-versus-Goliath depiction of the spat put forward by Moyo and his attorney, Eric Mabuza.

Moyo has twice returned to the company after the courts ordered he be re-instated after being fired.

RELATED: Peter Moyo wants Old Mutual to pay him R250 million

Haffajee explains why, in the court of public opinion, Moyo has outplayed and outfoxed the giant insurer.

The fact that he may have been conflicted as Old Mutual holds, in paying out shares to himself and his business partners rather than preferential shares to the company, is completely lost in the public debate.

Ferial Haffajee, Associate editor and columnist - Daily Maverick

I think the pugnacious idea of returning to work _twice _and making sure the media were all there really won him a place in the heart of South Africans who feel often that they're up against a corporate sector that's opaque, that possibly charges them too much

Ferial Haffajee, Associate editor and columnist - Daily Maverick

She adds that, in the bigger picture, executive-level salaries are often completely out of touch with the performance of a company.

For more from Haffajee, take a listen:


25 October 2019 9:28 AM
Tags:
Ferial Haffajee
Peter Moyo
Old Mutual Ltd
Old Mutual fires Peter Moyo

Recommended

More from Business

onionjpg

Small Business Focus: Onion peeler lessons for SMEs

2 July 2020 9:42 PM

Pavlo Phitidis tells more about a strategy that he has been using for years and how to apply this in a business.

Share this:
Read More arrow_forward

edit - equity-market - image from JSE-dot-co-dot-za.jpg

Personal Finance Feature - Equity fund vs index investing

2 July 2020 8:43 PM

Personal financial adviser Warren Ingram says active fund managers in South Africa have had a terrible time.

Share this:
Read More arrow_forward

rotisserie-whole-chicken-poultry-hot-cooked-food-meal-supermarket-meat-123rf

Meat importers say FairPlay’s dumping concerns is just a COVID-19 blame game

2 July 2020 8:05 PM

Association of Meat Importers and Exporters CEO Paul Matthew says there are mechanisms to deal with a possibility of dumping

Share this:
Read More arrow_forward

191115 SAA strike Airways Park1

Four unions sign up for voluntary SAA severance packages

2 July 2020 7:14 PM

DPE acting director-general Kgathatso Tlhakudi says there is hope ahead of talks with Numsa, Sacca and pilots association.

Share this:
Read More arrow_forward

tesla-model-xjpg

Tesla is now the world’s most valuable carmaker

2 July 2020 3:34 PM

Elon Musk’s revolutionary electric car manufacturer has just overtaken Toyota as the world’s most valuable automaker.

Share this:
Read More arrow_forward

Crazy funny man working from home on desktop computer 123rf 123rfbusiness

Job hunting? This CEO is hiring and interviewing remotely – he has advice

2 July 2020 2:15 PM

"We’ve hired people we haven’t met in person," says Karl Hammerschmidt. "There are things you can still do to impress."

Share this:
Read More arrow_forward

masks-picjpg

Fraudsters have allegedly dipped into govt Covid-19 relief billions

2 July 2020 2:02 PM

SIU's Kaizer Kganyago says cases involve price gouging and procurement process irregularities in the health sector.

Share this:
Read More arrow_forward

tourism-travel-accommodation-hospitality-hotel-reception-bell-concierge-123rf

The official word is that leisure travel is not allowed - Fedhasa

2 July 2020 12:38 PM

The tourism ministry has confirmed that leisure travel is not allowed under level 3 lockdown despite earlier claims to the contrary.

Share this:
Read More arrow_forward

Woman working from home mother children 123rflifestyle 123rfbusiness 123rf

How to deal with grievances with your boss while working from home

2 July 2020 11:51 AM

A labour lawyer says she has dealt with companies coming to terms with paying for employees home internet data for work purposes.

Share this:
Read More arrow_forward

Maize mealie grain farmer harvest agriculture 123rfbusiness 123rf

South Africa’s farms are producing near-record amounts of food right now

2 July 2020 11:29 AM

So, far it’s been a good season for South Africa, says Tonie Fuchs (Managing Director at Capespan Group Limited).

Share this:
Read More arrow_forward

More from Local

blood-donation-tubesjpg

WCBS appeals for blood donations on Mandela Day

5 July 2020 9:53 AM

The Western Cape Blood Service (WCBS) has appealed to each and every eligible donor to donate blood this Mandela Day.

Share this:
Read More arrow_forward

d4-mtjfwwaau-bljpg

South Africans pay tribute to iconic actress Mary Twala

5 July 2020 9:11 AM

Legendary South African actress Mary Twala passed away at the age of 80.

Share this:
Read More arrow_forward

pakalolo-seal-restaurantpng

[WATCH] Rescue centre treating injured seal that visited Table View beach bar

4 July 2020 2:41 PM

The disorientated seal that banged on the door of Pakalolo in Table View this week is being rehabilitated at the Hout Bay Seal Rescue Centre.

Share this:
Read More arrow_forward

gillian-malouw-youtube-screengrabpng

Meet Gillian Malouw, the first woman in Africa to navigate a submarine

4 July 2020 12:48 PM

Lieutenant Gillian Malouw is the first woman submarine officer in Africa. She opens up about her life in the navy.

Share this:
Read More arrow_forward

qaurantine-vlogs-carl-weberpng

CT comedian who lost his parents-in-law to Covid posts daily vlogs in isolation

4 July 2020 10:21 AM

Cape Town-based comedian Carl Weber lost his in-laws to Covid-19 last month, just five days apart. His wife also tested positive for the virus.

Share this:
Read More arrow_forward

shack-reerected-in-emplwenipng

Bulelani Qholani may approach Equality Court over shack eviction

4 July 2020 9:21 AM

The SA Human Rights Commission (SAHRC) says Bulelani Qholani could take the City of Cape Town to the Equality Court over his violent eviction.

Share this:
Read More arrow_forward

bulelanijpg

It's a lie that he undressed when he saw law enforcement - community leader

3 July 2020 6:59 PM

The man who was forcibly removed from his shack while naked has denied allegations that he deliberately undressed himself to block being evicted.

Share this:
Read More arrow_forward

school-hallway-pexels-photojpeg

WC Education MEC: Schools allowed to bring more grades back if they apply to HOD

3 July 2020 5:41 PM

Grades R, 6, and 11 must return to school on Monday, while schools with enough capacity may apply to bring other grades back too.

Share this:
Read More arrow_forward

capetalk-micjpg

CapeTalk shakes up its daytime, weekend and early morning line-up

3 July 2020 4:56 PM

You heard it here first: CapeTalk will introduce a new daytime, weekday line-up starting from Monday, 6 July 2020.

Share this:
Read More arrow_forward

ecd-1png

No political will to reopen ECD sector, says prof

3 July 2020 4:13 PM

South Africa's young children remain at risk as there is still no indication of when early childhood development (ECD) centres will reopen.

Share this:
Read More arrow_forward

More from Opinion

Family children girls outdoor cloth face masks 123rf 123rflifestyle

We only have each other – the psychology behind not wearing a mask

3 July 2020 10:56 AM

"I’m outside; I don’t need a mask. If you’re uncomfortable, stay at home." Sociologist Steven Robins tries to make sense of it.

Share this:
Read More arrow_forward

Crazy funny man working from home on desktop computer 123rf 123rfbusiness

Job hunting? This CEO is hiring and interviewing remotely – he has advice

2 July 2020 2:15 PM

"We’ve hired people we haven’t met in person," says Karl Hammerschmidt. "There are things you can still do to impress."

Share this:
Read More arrow_forward

hyundai i20

Best 2nd-hand cars below R80 000 – actual examples you can buy, right now

1 July 2020 3:05 PM

"The car that stood out the most was a 2014 Hyundai i20 with just 67 000 on the clock," says motoring journalist Ciro de Siena.

Share this:
Read More arrow_forward

Marmite 123rf 123rfbusiness 123rflifestyle

Axe (aka 'Lynx') deodorant has a new scent - 'Africa and Marmite' (not kidding)

30 June 2020 7:25 PM

"We’ve decided to step it up," says Lynx. "With Lynx Marmite, we’re bringing the world of food into the fragrance category." LOL!

Share this:
Read More arrow_forward

Sock with a hole and toe sticking out recession economy 123rf 123rfbusiness

It feels like this economy's in a death spiral - Bruce Whitfield, The Money Show

30 June 2020 6:29 PM

South Africa’s economy shrank by 2% in Q1/2020, its third consecutive contraction. Bruce Whitfield interviews Prof Adrian Saville.

Share this:
Read More arrow_forward

Eon de Vos

What in the world happened to Eon de Vos? And what does he believe about money?

29 June 2020 8:30 PM

Bruce Whitfield interviews Eon de Vos about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Capitalism 123rf 123rfbusiness

Property rights do not drive progress, but struggle for equality does – Piketty

29 June 2020 7:37 PM

Politics of the left and right are failing argues Thomas Piketty in his latest New York Times Best Seller, "Capital and Ideology".

Share this:
Read More arrow_forward

190920marktrumpjpg

One after another, advertisers are dumping Facebook. Shares down 8% in 24 hours

29 June 2020 6:44 PM

Investors dumped the stock, sending the share price down by 8% on Friday, says Richard Lord.

Share this:
Read More arrow_forward

SAA

Labour unions caused the liquidation of SAA! We’re out - Minister Pravin Gordhan

29 June 2020 6:26 PM

SAA must be liquidated, some MPs said on Monday. Bruce Whitfield interviewed independent business journalist Ray Mahlaka.

Share this:
Read More arrow_forward

frozen chicken 123rf 123rfbusiness

A mountain of frozen chicken is about to be dumped on South Africa

29 June 2020 5:58 PM

South Africa’s chicken industry is facing an existential threat from dumped imports, says Francois Baird of FairPlay.

Share this:
Read More arrow_forward