Streaming issues? Report here
Clement Manyethela 702 gradient Clement Manyethela 702 gradient
The Midday Report with Clement Manyathela
12:00 - 13:00
volume_up
volume_mute

Up Next: The Azania Mosaka Show
See full line-up
The Midday Report with Clement Manyathela
12:00 - 13:00

Home
arrow_forward
Business

Peter Moyo wants Old Mutual to pay him R250 million

3 October 2019 8:50 AM
Tags:
The Money Show
Bruce Whitfield
Old Mutual
Eric Mabuza
Peter Moyo
Old Mutual fires Peter Moyo
Moyo wants to be the CEO. If that won’t happen, he wants R250 million. Bruce Whitfield interviews business journalist Ray Mahlaka.

(Also, read: "Woolies CEO earns R191m despite R11bn of write-downs and R32bn of market losses")

Peter Moyo wants Old Mutual to pay him R250 million.

The fired CEO is suing the insurer after it barred him from work, despite a High Court ruling to reinstate him.

Old Mutual is appealing the judgement and will fight Moyo’s claim for damages.

Former Old Mutual CEO Peter Moyo in the Johannesburg High Court on 16 July 2019. Picture: EWN

(Also, read: "Old Mutual takes out bizarre full-page advertisement in Business Day")

…he seeks permanent reinstatement. Alternatively, he seeks damages of about R250 million…

Eric Mabuza, lawyer - Peter Moyo

The Money Show’s Bruce Whitfield interviewed business journalist Ray Mahlaka.

Listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:


3 October 2019 8:50 AM
Tags:
The Money Show
Bruce Whitfield
Old Mutual
Eric Mabuza
Peter Moyo
Old Mutual fires Peter Moyo

More from Business

151007BrianHabana-gif.gif

Shapeshifter: Springbok-turned-businessman, Bryan Habana

3 June 2020 8:18 PM

Former Springbok Bryan Habana about where he is at this point of his career.

Share this:
Read More arrow_forward

download-20jpg

Skynamo is positioning its sales solution to help reps work safely in the field

3 June 2020 7:18 PM

Skynamo is a Field Sales management and productivity app used by manufacturers, distributors and wholesalers.

Share this:
Read More arrow_forward

123rf A pile of two hundred rand notes, South African currency money

How long before everyone has access to financial services

3 June 2020 7:15 PM

Only 54% of South Africans had a bank account in 2004, the goal is to make that 90% by 2030, where are we now.

Share this:
Read More arrow_forward

Lockdown levels South Africa Covid-19 coronavirus 123rf

Government has two weeks to overhaul lockdown regulations

3 June 2020 6:42 PM

Government has two weeks to overhaul lockdown regulations they say were put in place to curb the spread of the coronavirus, or win an appeal.

Share this:
Read More arrow_forward

vertical-logopng

University of Pretoria launches free National Support Portal for SMMEs

2 June 2020 7:45 PM

The University of Pretoria's Centre for Entrepreneurship has launched a free National Support Portal for SMMEs.

Share this:
Read More arrow_forward

Sorry we closed small business 123rfbusiness 123rf

What is the cash register till showing for small enterprises?

2 June 2020 7:18 PM

The Yoco Small Business Recovery Monitor is a live, publicly available, small business transaction data resource.

Share this:
Read More arrow_forward

sweepsouth-articleheader-700x300jpg

Are job opportunities picking up for domestic workers again?

2 June 2020 7:08 PM

Domestic workers and gardeners are allowed back at work this week, as lockdown restrictions relax under Level 3.

Share this:
Read More arrow_forward

eskom-logojfif

Can we see from electricity usage if the economy is kicking off again?

2 June 2020 6:39 PM

Level 3 of lockdown started this week and business is picking up.

Share this:
Read More arrow_forward

Lockdown levels South Africa Covid-19 coronavirus 123rf

Hard decisions - a CEO talks about navigating the turbulence of Covid-19

1 June 2020 8:31 PM

National and business leaders have had to make some difficult decisions and will be expected to make many more as the crisis continues.

Share this:
Read More arrow_forward

Cash money rands

Purchasing Managers' Index remains in depressed territory

1 June 2020 7:37 PM

The Purchasing Managers' Index remains dismal, stuck, depressed - suggesting subdued activity.

Share this:
Read More arrow_forward