Not a Mutual friend
The IDC is cagey about its funding to Moyo’s investment company, of which Old Mutual is a preference shareholder
29 August 2019 - 05:00
Three months into the gripping boardroom spat between Old Mutual and its former CEO Peter Moyo, it’s safe to say nobody is emerging with their reputations enhanced.
The fiasco first began in May, when Old Mutual’s board suspended Moyo due to a "material breakdown of trust and confidence". Then, in June, Moyo was fired, but the high court ordered he be reinstated — only for him to be fired again last week...
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