If you could do it all again, would you? Peter Moyo on his court battle with Old Mutual

The legal battle between former Old Mutual CEO Peter Moyo and the insurance giant Old Mutual continues to unfold in the Johannesburg High Court. The case, now being heard before a full bench of judges, stems from an earlier judgment that reinstated Moyo as CEO. CNBC Africa's reporter Fifi Peters sat down with Moyo to discuss the intricacies of the case. Moyo began by addressing the basis of his reinstatement, questioning whether Judge Mashile had reinstated him due to an overemphasis on a specific clause. Old Mutual argued that Moyo was terminated due to a loss of trust and confidence, citing the so-called NMT matters as the reason behind their decision. Moyo pushed back against this narrative, emphasizing that the true reasons for his termination should not be dissected in isolation. He highlighted the importance of holding the board accountable for their actions, urging them to defend their claims and demonstrate transparency. When asked about the potential of pursuing the case through the Labor Court route, Moyo expressed satisfaction with the current legal path, emphasizing that the issues at hand transcend mere procedural matters. He underscored the significance of accountability and called on the board to take responsibility for their actions. Refusing to back down, Moyo challenged Old Mutual's statements regarding dividend payments and court proceedings, asserting that the truth must prevail in the face of conflicting narratives. Moyo raised concerns about the conduct of Justice Mashile, cautioning against behaviors that could aggravate issues of contempt. He highlighted the need for a fair and objective legal process, free from undue influence or bias. Addressing Old Mutual's accusations of delinquency, Moyo called for a clear examination of the directors' actions, challenging the company to confront the underlying issues instead of deflecting responsibility. The ongoing legal battle between Old Mutual and Peter Moyo underscores the complex dynamics at play within the corporate world. As the case unfolds in the Johannesburg High Court, both parties remain steadfast in their positions, advocating for their version of events. The outcome of this legal saga has the potential to set a precedent for future corporate disputes and governance practices, underscoring the importance of transparency, accountability, and adherence to due process.