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SA High Court Orders Old Mutual To Reinstate Zimbabwean Born CEO Peter Moyo

4 years agoTue, 30 Jul 2019 15:47:11 GMT
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SA High Court Orders Old Mutual To Reinstate Zimbabwean Born CEO Peter Moyo

The Johannesburg High Court on Tuesday ordered Old Mutual to immediately reinstate fired Zimbabwean-born CEO Peter Moyo and to pay all his legal costs because his suspension and subsequent dismissal in June was unlawful.

Judge Brian Mashile ruled that Old Mutual incorrectly applied a provision of South Africa’s Labour Relations Act as the law that allowed it to fire Moyo without affording him a disciplinary hearing.

The Judge ruled that Moyo should be temporarily reinstated pending part B of his court application.

Moyo is seeking to have all the directors of the Old Mutual board, including Chair Trevor Manuel, to be declared delinquent.

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