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Friday, 13 September 2019 11:05

Watch: Old Mutual briefs media on Peter Moyo

Old Mutual has approached Peter Moyo’s legal team, Mabuza Attorneys stating it intention to halt further court proceedings relating to his second letter of termination.

The letter sent to Mabuza Attorneys by Old Mutual’s lawyers Bowmans,read as follows:

“Our client [Old Mutual] has since reconsidered its stance. It has now decided that it would be more appropriate to attempt to de-escalate the litigation between the parties, and it would prefer not to have to engage in further collateral litigation. Our client considers that both parties should seek to avoid further proceedings that would not serve to resolve the central issues that exist between them, which concern whether or not your client’s employment has been validly terminated, either by the first or the second notice.”

“Insofar as your client [Moyo] has stated that he considers himself obliged to tender his services, our client acknowledges that he has tendered his services and that he continues to do so. He is not required to be present at the workplace to do so. 

Our client urges your client to accept that, in the prevailing circumstances and while awaiting the judgment of Mashile J, the interests of the company are not served by him attending at the workplace, with or without a press entourage, which may cause uncertainty and generate adverse publicity for our client.

Peter Moyo won another court victory against Old Mutual when high court Judge Brian Mashile dismissed the insurer’s application “in its entirety” for a declaratory order on September 6 that would prevent him from resuming his duties.

Old Mutual believes that Moyo should not resume his CEO duties until its appeal process against a July 30 high court order, which temporarily reinstated him, is concluded.


Courtesy of ENCA.