Old Mutual To Appeal Moyo Reinstatement, EFF Calls For Manuel Exit As Chair

iafrica.com

- iafrica.com | 5 months ago

JOHANNESBURG – Old Mutual on Wednesday said it would appeal the judgment by the High Court in Johannesburg which ordered the company to reinstate its axed CEO Peter Moyo.

The court found that Moyo’s axing was unlawful and that he should be reinstated temporarily. It also ruled that the insurer could not take steps to replace him in the interim.

Moyo told reporters that he would be back in his office on Wednesday morning.

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