Bad blood between Old Mutual and its former CEO Peter Moyo appeared permanent on Thursday when the two parties turned down judge Brian Mashile’s advice to find a solution that would benefit all parties.

Mashile tried to be the voice of reason, asking the two parties to consider finding common ground that could clear everyone. One way to do this would be to reinstate Moyo and initiate the disciplinary hearing process that was never afforded him. The insurer could reinstate the axed CEO and issue a statement clearing him of any wrongdoing...

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