Court hears ouster of ex-Old Mutual CEO Peter Moyo was 'artificially manufactured'

fin24.com

- fin24.com | a month ago

Former Old Mutual CEO Peter Moyo on Thursday sought to demonstrate that the breakdown in trust cited by his former employer as a reason for his axing was "artificially manufactured".

Moyo is in court to challenge his June 17 dismissal by the financial services firm, which he wants to be declared "unlawful, unconstitutional and null and void". His legal team, led by Advocates Dali Mpofu and Tembeka Ngcukaitobi, submitted that the case was mainly about victimisation, and that Old Mutual failed to follow proper procedure before terminating his contract and "prevent his name from being maligned in the market".

Subscribe to Fin24's newsletter here "Our primary submission is that the issue of a breakdown in relationship is artificially manufactured," said Mpofu.

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