'Judgment confirms Old Mutual acted properly in terminating Moyo's contract'

The Johannesburg High Court on Tuesday upheld Old Mutual’s appeal against the temporary reinstatement of its sacked chief executive Peter Moyo.

RELATED: Old Mutual wins appeal against Peter Moyo reinstatement

The application was dismissed with costs when the judgment was handed down.

Moyo and Old Mutual have been locked in a dispute since the company suspended him for an alleged conflict of interest in 2019.

Nickolaus Bauer chats to the company's chief communications officer Tabby Tsengiwe to weigh in on the matter.

The judgment confirms that Old Mutual acted properly in terminating Mr Moyo's contract for the first time. We think that this a big win for corporate governance in South Africa as a whole.

Tabby Tsengiwe, Chief communications officer - Old Mutual

She says it is important to remember that it was Old Mutual's entire board that terminated Moyo's contract and it was Moyo's decision to paint the termination as an individual attack and dispute between himself and the chairman Trevor Manuel.

Listen below to the full conversation:


Recommended

by NEWSROOM AI
Read More
Maile suspends 'constitutional delinquent' Tshwane speaker Mathebe

Maile suspends 'constitutional delinquent' Tshwane speaker Mathebe

Gauteng Cogta MEC Lebogang Maile explains his decision to suspend Mathebe and former Johannesburg speaker Vasco da Gama.

Western Cape top judge accuses her boss John Hlope of assault, misconduct

Western Cape top judge accuses her boss John Hlope of assault, misconduct

EWN reporter Jason Felix gives insight on what this public spat between the two officials is all about.

Old Mutual wins appeal against Peter Moyo reinstatement

Old Mutual wins appeal against Peter Moyo reinstatement

Judgment was handed down on Tuesday morning and the application was dismissed with costs.

Old Mutual wants judge to be recused from Peter Moyo case

Old Mutual wants judge to be recused from Peter Moyo case

High Court Judge Brian Mashile has ruled against the insurer twice, ordering it to reinstate Moyo but it has refused Moyo access to go back to work.

'Old Mutual outplayed by Peter Moyo in court of public opinion'

'Old Mutual outplayed by Peter Moyo in court of public opinion'

Daily Maverick's Ferial Haffajee discusses why the facts are getting lost in public perception of 'David-vs-Goliath' battle.

'Old Mutual claimed they were the cheapest. They were the most expensive!'

'Old Mutual claimed they were the cheapest. They were the most expensive!'

Personal Finance's retired founding editor Bruce Cameron on his attitude toward money (hopes and fears, successes and failures...)

Popular articles
Positioning your business for success

Positioning your business for success

Positioning your business for success - what does this phrase even mean?

This is how you should invest your money for the next decade

This is how you should invest your money for the next decade

Personal Finance - Tips on how to invest your money.

Is SA Express next in line for business rescue?

Is SA Express next in line for business rescue?

SAA has been placed in business rescue and this is placing SA Express in a risky position.

#WEF2020:  Bruce Whitfield live from Davos

#WEF2020: Bruce Whitfield live from Davos

CNN business editor Richard Quest pulled no punches about South Africa when Bruce Whitfield interviewed him in Davos earlier.

Zondo expresses concern over state capture inquiry not completing its work

Zondo expresses concern over state capture inquiry not completing its work

The commission chair applied for an extension of the inquiry until the end of December this year.

Parktown Boys' High parent wants SGB, affected teachers and management charged

Parktown Boys' High parent wants SGB, affected teachers and management charged

The parent says the code of silence needs to be dismantled as boys who open their mouths are victimised and removed.

Festive season fatal crashes reduced by 3% as motorists heed safety calls

Festive season fatal crashes reduced by 3% as motorists heed safety calls

Eyewitness News reporter Kgomotso Modise gives a summary of the 2019/2020 road safety report.

'We're in hot pursuit,' says Mbalula after 308km/h speedster identified

'We're in hot pursuit,' says Mbalula after 308km/h speedster identified

The Road Traffic Management Corporation confirmed in a tweet that the speedster had been identified and called for him to turn himself over or they would come to him at his residence.

Maile suspends 'constitutional delinquent' Tshwane speaker Mathebe

Maile suspends 'constitutional delinquent' Tshwane speaker Mathebe

Gauteng Cogta MEC Lebogang Maile explains his decision to suspend Mathebe and former Johannesburg speaker Vasco da Gama.

Looking at art as one of the languages in which to talk about mental illness

Looking at art as one of the languages in which to talk about mental illness

Eusebius McKaiser and pundits reflect on how people can manage their mental health challenges by creating artworks.