Old Mutual’s position on Mr Moyo’s return to work
09 September 2019
Old Mutual has this morning met with former CEO Peter Moyo and his legal team to explain that Mr Moyo will not be returning to work because the further notice of termination given on August 21 stands and Old Mutual’s contractual rights remain intact. It must be noted the validity of this letter was not before the Gauteng Local Division of the High Court last week Friday when the court heard an application brought by Mr Moyo in terms of Rule 6(5)(e) for leave to introduce further evidence and for further declaratory relief. Judgement on Friday’s matter has, in any event, been reserved and is likely only in about two weeks.