Tag: eric mabuza
The Supreme Court of Appeal has dismissed with costs Old Mutual’s former CEO, Peter Moyo application, for leave to appeal the 14 January judgement in favour of Old Mutual. The January judgement overturned an interim order granted by Justice Mashile last year to temporarily reinstate Moyo as Old Mutual’s CEO. Moyo's lawyer Eric Mabuza joins CNBC Africa for more.
Old Mutual is forging ahead with plans to appoint a new CEO to replace Peter Moyo. South Africa’s second largest insurance company said it would proceed with its recruitment process while awaiting judgement on Moyo’s application to have the process stopped. Moyo approached the courts to block the hiring process until his application to appeal the January 14 judgement that found Old Mutual lawfully fired him. CNBC Africa’s Fifi Peters caught up with Peter Moyo and his attorney Eric Mabuza.
It’s the biggest corporate battle in South Africa – the brawl between the country’s second largest insurance company and its former Chief Executive. Peter Moyo is not giving up his fight to get his job back, while Old Mutual is continuing its search for a new CEO. CNBC Africa’s Fifi Peters filed this report.
Peter Moyo will soon file an urgent court bid to appeal the verdict that today declared Old Mutual’s decision to fire him as CEO as lawful. Moyo’s leave to appeal comes just hours after the insurer won its own appeal application against Moyo’s temporary reinstatement last year. CNBC Africa’s Fifi Peters spoke with Moyo's Attorney, Eric Mabuza and Old Mutual spokesperson Tabby Tsengiwe.
Old Mutual's chair and 13 member board should not be let off the hook with a fine for their contempt of court. They should rather be jailed for up to six months. These were the main arguments in Peter Moyo's latest affidavit. Moyo's Attorney, Eric Mabuza joins CNBC Africa for more.
Old Mutual may be up for its toughest fight yet in its ongoing litigation with Peter Moyo. It has to proven why it and its 13 non-executive directors should not be found in contempt of court for blocking Moyo from returning to work as per the court, and insulting Judge Brian Mashile. Failure to do so carries serious ramifications including possible jail time. Peter Moyo and his attorney Eric Mabuza join CNBC Africa for more.
Sacked CEO Peter Moyo arrived back at work at Old Mutual here in Sandton in compliance with a court victory last week only to be to be told for the second time in a matter of weeks that he can’t do so. Old Mutual fired Moyo back in June for what it called a conflict of interest and a loss of trust. Moyo denies this and wants to fight through the courts to get his job back. CNBC Africa's Fifi Peters reports.
Peter Moyo has asked the court to direct Old Mutual's board to pay their own legal costs to stop them abusing company monies by drawing him into endless litigation.
12Page 1 of 2