Moyo seeking millions in damages from Old Mutual
Old Mutual has received a summons from Peter Moyo seeking damages of R250-million.
The insurer has confirmed receipt of the summons from the ‘axed’-CEO and says it will defend any claim vigorously.
Old Mutual says this amount is in addition to the R35.5-million salary he received and the R4-million payout for six-months’ notice.
Moyo was again refused entry to his office last month.
The High Court ordered his temporary reinstatement after he was fired for an alleged conflict of interest.
Moyo said Old Mutual can’t continue hiding behind their lawyers.
Moyo was fired in June over an alleged conflict of interest.
In other news – Strive Masiyiwa is taking the Zim government to court
Zimbabwean billionaire Strive Masiyiwa has turned to the courts in a desperate bid to challenge the government’s latest decision to ban mobile money services, a devastating move that effectively excludes the majority of the population from doing business.
As the country battles cash shortages, more than 10 million EcoCash users, in a population of about 16.5 million, have been using Masiyiwa’s mobile platform for their day-to-day expenses. continue reading
Source: eNCA
