Sacked Old Mutual CEO Peter Moyo to appeal latest ruling

Pedro Gonçalves
clock • 1 min read

Despite a High Court in Johannesburg ruling that Old Mutual did not have to reinstate Peter Moyo, the sacked CEO has instructed his lawyers to appeal.  Moyo's lawyer Eric Mabuza said that he would soon be communicating their decision to appeal with Old Mutual. "I see that there has been some misreporting that Old Mutual can now go ahead and appoint a new CEO. That's not the case. Once we inform them of our appeal, they're not entitled to do that. The old judgment continues to be enforced and the new judgment is suspended." However, Old Mutual said that after the court ruling, the b...

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