Old Mutual wins appeal against order reinstating axed CEO Peter Moyo

Pedro Gonçalves
clock • 1 min read

Old Mutual has won its case against axed CEO Peter Moyo, with a full bench of the high court upholding its appeal and finding the insurer had lawfully dismissed him. The ruling was handed down by the Johannesburg High court on Tuesday morning. Old Mutual has been locked in a dispute with Moyo since it suspended him in May 2019 in relation to an alleged conflict of interest. He was fired in June then temporarily reinstated by the courts in July in a ruling that also blocked the insurer from seeking a replacement. However, he was unable to return to work while Old Mutual appealed the de...

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