Old Mutual to appeal court ruling to reinstate sacked CEO

Pedro Gonçalves
clock • 2 min read

South Africa's Old Mutual will appeal the high court's decision to temporarily reinstate Peter Moyo as CEO, who was fired in June, and to put a halt on any moves to replace him.  Moyo arrived at the company's headquarters this Wednesday, following the Johannesburg'a court decision, and was set to meet with Old Mutual and his legal team to resolve the situation, Moyo's lawyer Eric Mabuza told local media.  The court declared his dismissal unlawful and ordered that he be temporarily reinstated pending the outcome of the second part of his application. For the insurer, since it will a...

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