Head Topics

Peter Moyo gets the chop for second time

  • 📰 eNCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Peter Moyo sued the Old Mutual board for firing him unlawfully in June.

File: Peter Moyo was suspended in May and later fired as CEO of Old Mutual.In an open letter to shareholders, the company said a continued relationship between Moyo and Old Mutual is untenable.

“It is clearly in the best interests of the company and its stakeholders that the employment relationship with Mr Moyo should come to an end. For this reason, Old Mutual has now given Mr Moyo a further notice terminating his employment,” read the letter.He wants the insurer to abide by last month’s court order that he be reinstated, he believes the company is in contempt of court.The firm says the latest move was taken after it sought legal advice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stanlib joins calls for Old Mutual to end public battle against Peter MoyoOur top story today | Stanlib joins calls for Old Mutual to end public battle against Peter Moyo 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »

Old Mutual fires CEO Moyo a second time | IOL Business ReportOld Mutual said it had again fired its chief executive Peter Moyo, even as it seeks to overturn a court ruling which nullified his original termination. busrep
Source: IOL - 🏆 46. / 51 Read more »

Peter Thabethe grilled over Gupta-linked Estina mismanagement | IOL NewsThe Zondo commission of inquiry probing allegations of state capture on Tuesday grilled a former top Free State government ...
Source: IOL - 🏆 46. / 51 Read more »

PETER BRUCE: Cyril Ramaphosa still standing as Msholozi stumblesDespite gloomy rumours, the IMF is not about to step in, Moody’s is unlikely to downgrade SA, and definite steps can be taken to lift the country
Source: BDliveSA - 🏆 12. / 63 Read more »

Old Mutual fires CEO Moyo a second time | IOL Business ReportOld Mutual said it had again fired its chief executive Peter Moyo, even as it seeks to overturn a court ruling which nullified his original termination. busrep
Source: IOL - 🏆 46. / 51 Read more »

Stanlib joins calls for Old Mutual to end public battle against Peter MoyoOur top story today | Stanlib joins calls for Old Mutual to end public battle against Peter Moyo 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »