Old Mutual has won an appeal against Peter Moyo’s temporary reinstatement as CEO. The company is now free to appoint a CEO of its choice.
BREAKING: Old Mutual wins appeal against Peter Moyo. Moyo lost with costs.
— Heidi Giokos (@HeidiGiokos) January 14, 2020
Old Mutual axed Moyo twice in June and August, saying that it had become clear that a continued employment relationship was untenable.
Old Mutual Chair, Trevor Manuel, said Moyo was fired because of a conflict of interest.
Moyo sued Old Mutual and its directors for R250-million after the group refused to let him resume his duties, despite a court ruling that he should be reinstated.
Moyos response to the judgment. It’s most likely they will be appealing this at the Supreme Court of Appeal. Moyo says it’s still a long road, that he is willing to walk. #MoyovsOldMutual pic.twitter.com/FVm1RVMT6S
— Heidi Giokos (@HeidiGiokos) January 14, 2020
In other news – Inside AKA and DJ Zinhle’s ups and downs Relationship
Mzansi’s power couple, musicians DJ Zinhle and AKA, have not denied or confirmed rumours that they have broken up. This after a report by City press said AKA “dumped” Zinhle over the holidays.
From rumours of being ‘“dumped” on the eve of her birthday to supporting each other, here are five must-read stories about the pair: continue reading
Source: eNCA