Old Mutual board chair Trevor Manuel says the battle between the insurance giant and axed CEO Peter Moyo is not just about two individuals.  

During a media briefing on Friday, Manuel, who was flanked by three other board members, explained that the public war of words, which has contributed to Old Mutual losing close to 8% of its market capitalisation since Moyo’s suspension on May 24, was about doing what was right for the company in the long term.

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