NMT Capital cannot wait to see Old Mutual’s back, says chair
04 September 2019 - 21:53
Peter Moyo’s business partner at NMT Capital, Sango Ntsaluba, has accused Old Mutual of frustrating the separation process between the two companies, saying the insurer kept raising petty issues and was hell-bent on being a disruptive partner.
Old Mutual announced during the presentation of its interim financial results on Monday that it was in the early stages of negotiations with NMT — the investment company at the centre of its legal battle with its former CEO Moyo — to divest as the tension between the two keeps escalating...
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