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Markets react to Peter Moyo’s suspension

One of Africa’s oldest financial services company has suspended one of the continent’s best known CEOs. Old Mutual has suspended Peter Moyo for what it has called a “material breakdown of trust.” It delivered the news in an email to staff. Chris Pretorius, Wealth Manager, Alphawealth joins CNBC Africa for more.
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Old Mutual CEO suspended, shares slide

One of Africa’s oldest financial services company has suspended one of the continent’s best known CEOs. Old Mutual has suspended Peter Moyo for what it has called a “material breakdown of trust.” It delivered the news in an email to staff. The board chaired by former South African finance minister Trevor Manual has put chief operating officer Iain Williamson in as acting CEO.
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Full speech: British PM Theresa May announces her resignation on June 7th | Street...

With no Brexit withdrawal arrangement agreed, the prospect of the U.K. suffering a disorderly exit from the European Union now appears to be a more likely outcome....

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With the change in South Africa’s leadership and the recent elections, SingularityU South Africa aims to stimulate South Africa’s economy, encourage employment and growth, through embracing exponential technologies at the inaugural Exponential Finance Summit on 29 and 30 May 2019.

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