Moyo awaits judgment on a court case to declare Old Mutual directors as delinquent - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

2022-01-20 09:20:00 AM

Former Old Mutual CEO Peter Moyo has confirmed that he is still awaiting judgment on another case in which he wants the directors of Old Mutual declared as delinquent.

Former Old Mutual CEO Peter Moyo has confirmed that he is still awaiting judgment on another case in which he wants the directors of Old Mutual declared as delinquent.

Former Old Mutual CEO Peter Moyo has confirmed that he is still awaiting judgment on another case in which he wants the directors of Old Mutual declared as delinquent.

He says Manuel should be taken to task for his criticism of Judge Brian Mashile who ordered his reinstatement.He says he doesn’t see how taking civil action against Old Mutual can further deteriorate his relationship with the company as he has already been dismissed.

“It’s never heard of for a chairman of a company as big as Old Mutual to do that. Never heard of … must I not respond to it because I have to go maintain my relationship with the Board? I actually think my Lord that there’s a lot expected of me to try and beg, to try and have this relationship. It can’t be. When people are wrong they’re wrong. Whether they are Trevor Manuel or not,” says Moyo.

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Old Mutual, Moyo court case continues on Wednesday morning - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former Old Mutual CEO Peter Moyo’s case against Old Mutual is expected to continue in a virtual sitting of the High Court in Johannesburg on Wednesday morning.

Sex pest handyman jailed for offences at old age home, and child pornA man employed as a caretaker-handyman at an old age home in Mossel Bay has been jailed for 15 years for sexual offences against residents, age 79 and 96, and child porn on his cellphone.

Old Mutual, Moyo court case continues on Wednesday morning - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former Old Mutual CEO Peter Moyo’s case against Old Mutual is expected to continue in a virtual sitting of the High Court in Johannesburg on Wednesday morning.

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Moyo says the directors, including Board Chairman Trevor Manuel, were in contempt of court when they failed to honour a previous judgment for his reinstatement which was later overturned on appeal.@sabcnews Image: Reuters Workers clean windows outside the Cape Town headquarters of Anglo-South African financial services company Old Mutual, March 7, 2016.Mark Labuschagne, 37, was sentenced in the Mossel Bay regional court on Monday after being convicted of sexual assault and masturbation in public, forcing an elderly woman to witness it and the possession of child pornography.@sabcnews Image: Reuters Workers clean windows outside the Cape Town headquarters of Anglo-South African financial services company Old Mutual, March 7, 2016.

He says Manuel should be taken to task for his criticism of Judge Brian Mashile who ordered his reinstatement. He says he doesn’t see how taking civil action against Old Mutual can further deteriorate his relationship with the company as he has already been dismissed. On Tuesday, Moyo denied that he had put his own interest ahead of that of Old Mutual with regards to a dividend payout. “It’s never heard of for a chairman of a company as big as Old Mutual to do that. Labuschagne’s name will be recorded in the Sexual Offences Register and the Abuse of Elderly Persons Register. Never heard of … must I not respond to it because I have to go maintain my relationship with the Board? I actually think my Lord that there’s a lot expected of me to try and beg, to try and have this relationship. Old Mutual said Moyo put his interest ahead of the company’s when he elected to pay himself before settling an overdue preference share dividends, valued at R65. It can’t be.4 million, owed to Old Mutual.

When people are wrong they’re wrong. Moyo was responding to questions in court: “Old Mutual was a shareholder?” Moyo: “Yes. During his arrest, officers confiscated his cellphone and discovered child pornography on it. Whether they are Trevor Manuel or not,” says Moyo. Moyo says the meeting that was held between himself and the Adhoc sub-committee appointed by the Board to get his version of events about his role in the dividend matter between Old Mutual and the NMT group did not constitute a formal hearing.” “Whatever the reason for the decision, it was a decision to preference Moyo over Old Mutual?” Moyo: “No, Moyo was never preferred over Old Mutual. “They appoint what I call a sham committee that has already made a decision, and they pretend that it is a hearing … by people that have already condemned me. They were the referee, they were the accusers, and they were the prosecutors in all its stages. The video below is reporting on the Old Mutual and Peter Moyo legal battle: This entry was posted on 19 Jan 2022,06:28AM at 6:28 AM and is filed under. The video below is reporting on the Old Mutual and Peter Moyo legal battle: This entry was posted on 19 Jan 2022,06:28AM at 6:28 AM and is filed under.

” “Mr Manuel, Mr [Stewart] van Gran actually sits in all those committed that made those decisions. Ms Pinky Moholi sits in the committee that took this to the Board, and Paul Baloyi.” The former Old Mutual CEO says there was no conflict of interest on his part with regards to the dividend payment matter which resulted in his axing as CEO. “NMT did not pay the capital amount on the 30th of June because they were in discussion with Old Mutual for a rollover which was part of the agreement. Rolling over the amount was part of the agreement.

You were in breach, you had the money to repay the Old Mutual debt of R65 million , correct?” “NMT did not pay the capital amount on the 30th of June because they were in discussion with Old Mutual for a rollover which was part of the agreement. Rolling over the amount was part of the agreement. You were in breach, you had the money to repay the Old Mutual debt of R65 million, correct? “Yes,” says Moyo. “Instead you decided to distribute that money to the shareholders, including yourself?” “Yes, including myself and Old Mutual,” says Moyo. “Well, that was a classical conflict of interest.

” He has brought to court a claim against Old Mutual for his reinstatement and R250 million damages. The trial is expected to be heard over the next ten days in the Johannesburg High Court. Old Mutual has argued that Moyo was lawfully dismissed and paid what was owed to him. The battle between Moyo and Old Mutual has been going on for years: This entry was posted on 20 Jan 2022,07:50AM at 7:50 AM and is filed under .