Old Mutual promises more court action after barring Peter Moyo again

Axed Old Mutual CEO Peter Moyo has been barred by the insurer from returning to duty on Monday morning, despite a court order upholding his reinstatement.

The High Court in Johannesburg ruled for the second time ton Friday hat Moyo should be reinstated after he was fired by the insurer.

Moyo and Old Mutual are entangled in a legal dispute over his alleged conflict of interest regarding his company, NMT Capital.

Read: 'Old Mutual is in contempt of court,' says Peter Moyo's lawyer

Moyo’s lawyer, Eric Mabuza, says Old Mutual lawyers informed them that his client could not resume his duties.

Mabuza was told by the Old Mutual lawyers that the insurer plans institute further legal action.

The legal representative says his client will challenge any future court action by the insurer.

We specifically asked them to produce a copy of any resolution from Old Mutual which authorised them to behave in that manner.

Eric Mabuza, Peter Moyo's lawyer

When we got there we were pulled [into] a boardroom by Old Mutual lawyers, there was no other Old Mutual representatives.

Eric Mabuza, Peter Moyo's lawyer

Old Mutual is brazenly disregarding a court order.

Eric Mabuza, Peter Moyo's lawyer

Listen to the discussion with Clement Manyathela:


Recommended

by NEWSROOM AI
Read More
'Mathematics syllabus is enormous to be covered within a year,' says expert

'Mathematics syllabus is enormous to be covered within a year,' says expert

Wits University mathematics lecturer Dr Jacques du Plessis says teachers are racing against time in the classroom.

Home Affairs gazettes new tougher laws for refugees and and asylum seekers

Home Affairs gazettes new tougher laws for refugees and and asylum seekers

Minister Aaron Motsoaledi says those who commit fraud face expulsion for destroying the sovereignty of the country.

Former Reserve Bank deputy governor Daniel Mminele appointed Absa CEO

Former Reserve Bank deputy governor Daniel Mminele appointed Absa CEO

Absa head of corporate communications Songezo Zibi says Mminele has pedigree both in terms of policy and commercial banking.

'Old Mutual is in contempt of court,' says Peter Moyo's lawyer

'Old Mutual is in contempt of court,' says Peter Moyo's lawyer

Eric Mabuza says the insurer has deliberately interfered with the functions of the judiciary.

Old Mutual ups the ante in its bitter battle with Peter Moyo

Old Mutual ups the ante in its bitter battle with Peter Moyo

Bruce Whitfield interviews Peter de Beyer (Old Mutual Non-Executive Director) and Karl Gevers (Benguela Global Fund Managers).

Latest Old Mutual move 'beyond ridiculous, textbook case of contempt of court'

Latest Old Mutual move 'beyond ridiculous, textbook case of contempt of court'

Peter Moyo's lawyer Eric Mabuza says insurer's decision to axe Moyo again shows complete lack of respect for justice system.

Popular articles
 'When languages are being let go of in favour of English, we lose identity'

'When languages are being let go of in favour of English, we lose identity'

Joanne Joseph spoke to Play Africa founder and CEO Gretchen Wilson-Prangley on International Language Day.

'There is a stated commitment to deal with TRC cases but it's taking too long'

'There is a stated commitment to deal with TRC cases but it's taking too long'

Former commissioner Yasmin Sooka says it has been a 16-year battle trying to get the NPA to prosecute TRC-related cases.

We have invested heavily in driver and passenger safety - Uber

We have invested heavily in driver and passenger safety - Uber

Uber Sub-Saharan Africa general manager Alon Lit says their prices have not changed drastically since 2013.

 Tegeta's R3.7-billion coal supply contract with Eskom set aside

Tegeta's R3.7-billion coal supply contract with Eskom set aside

SIU spokesperson Kaizer Kganyago says the court has given the unit the green light to institute legal action against the company.

Protesters torch two suspected drug dens in Parow over Tazne van Wyk killing

Protesters torch two suspected drug dens in Parow over Tazne van Wyk killing

Eyewitness News reporter Lizelle Persens gives an update from the protest in Parow.

[LISTEN]  Craig Urbani talks Rocky Horror and playing Frank-N-Furter

[LISTEN] Craig Urbani talks Rocky Horror and playing Frank-N-Furter

The actor and singer joined Azania Mosaka in studio for this week's Friday Profile.

[WATCH] Glimpse of Simon & Garfunkel Songbook performance

[WATCH] Glimpse of Simon & Garfunkel Songbook performance

Make sure you don't miss the Simon & Garfunkel Songbook national tour taking place in Johannesburg, Cape Town and Sasolburg.

Azania, Bongani queue for new model flip phone

Azania, Bongani queue for new model flip phone

PARTNER CONTENT: Samsung's new Galaxy Z Flip has South Africa, and our presenters, abuzz - and it launched in SA today!

Jacob Zuma is coming back to Mzansi, supporters told to gather at OR Tambo

Jacob Zuma is coming back to Mzansi, supporters told to gather at OR Tambo

Committee member of the Gauteng RET Zuma supporters Carl Niehaus says supporters must arrive before 10am.

Dudu Myeni 'unwilling to spend her money on delinquency case, feels targeted'

Dudu Myeni 'unwilling to spend her money on delinquency case, feels targeted'

Organisation Undoing Tax Abuse chief legal officer Advocate Stefanie Fick shares the latest.