Tuesday, 30 July 2019 15:25

 

Axed Old Mutual CEO Peter Moyo has won his legal battle against his former employer,Old Mutual to be reinstated. The Gauteng High Court in Johannesburg found that he should return to his position with immediate effect.

The judgment was delayed by more than an hour after Judge Brian Mashile was not available to deliver the ruling. It was instead read out by Judge L Adams on his behalf.

Moyo was suspended in May and later fired as CEO of the JSE listed insurer in June. The company asserted this was due to a conflict of interest in his personal business matters. It later emerged that Moyo is also the co-founder of NMT Capital, a boutique investment company.