Old Mutual is going to court after its former CEO Peter Moyo was once again barred from returning to work.
Moyo presented himself for work on Monday morning following a court order upholding his reinstatement as CEO that was handed down by judge Brian Mashile on Friday but failed as the company maintained its position on the matter.
Moyo was fired in June over a breakdown in trust and alleged conflict of interest, but the court reinstated him. He was then sacked again by Old Mutual upon arriving for work.
Old Mutual representatives have the full authority of the board to enforce the second notice of termination and take all the related steps"
"Old Mutual will be filing the appropriate appeal papers in the next few days and will let you know when we have been granted a date for the hearing and which court will hear it. Old Mutual representatives have the full authority of the board to enforce the second notice of termination and take all the related steps," the company said.
Moyo's lawyer said his client was ushered to a boardroom and informed the company would be filing an urgent application to seek a declaratory order effecting Moyo's second letter of dismissal sent to him on August 24.
"We asked Old Mutual to produce a document preventing Moyo from returning to work. They have been unable to do so," Moyo's attorney, Eric Mabuza, said.
"We will wait for them to bring another urgent application," he said.
Moyo, who ended up leaving the premises, was cited as accusing Old Mutual of bullying. "I'm not going to allow myself to be bullied," a Reuters report quoted him as saying. "There is absolutely nothing wrong that I did."