Old Mutual declines to settle case with ex-CEO Peter Moyo

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Old Mutual has declined an offer by the Johannesburg High Court to settle its case with fired CEO Peter Moyo before completion of arguments.

Judge Brian Mashilo suggested that Old Mutual reinstate Moyo before the insurer had made its arguments and he offered the parties 15 minutes to come to a settlement.Old Mutual has declined offer by Judge Mashilo to reinstate Moyo

Mashilo gave the parties 15min to deliberate but Advocate @AdvDali_Mpofu says Moyo proposal was not accepted, Advocate Ngwako Maenetje says they couldn’t agree@nthakoana pic.twitter.com/KkUiEs1A8j — EWN Reporter July 18, 2019 Judge Brian Mashilo believed Old Mutual and Moyo could settle their dispute even though the insurer hadn't made its arguments.

"Can we have 10 to 15 minutes to try and see whether we can modify what I'm saying? Everyone saves face, if that's right phrase to use... the applicant comes out clean, there's nothing about the chairperson...""Unfortunately my lord, the parties could not agree.""The parties genuinely considered what you suggested but could not come to any agreement."

 

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