UPDATE: 'Any future working relationship with Mr Moyo will be untenable' - Old Mutual

fin24.com

- fin24.com | 3 weeks ago

Old Mutual says the meeting with senior counsel which was planned for Wednesday afternoon to discuss axed CEO Peter Moyo's reinstatement will no longer go ahead.

The insurer called off the meeting shortly before it was due to start. “Our legal counsel have been in discussions upstairs and … the issue here is the difference in the interpretation of the impact of the leave to appeal application,” company spokesperson Tabby Tsengiwe said.

  Earlier, Moyo’s lawyer Eric Mabuza told journalists that senior counsel will meet at 14:30 on Wednesday at the insurer’s offices in Sandton to try to resolve the impasse.

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