A bitter fallout between the top brass of Cape Town-based money manager Argon Asset Management led to the ouster of the firm’s co-founder and deputy CEO Luyanda Joxo, who was accused, among other things, of insubordination.

Joxo, who has since moved on, is now the MD of the investment arm of the Black Management Forum. He is challenging his dismissal in 2021, with the company having drawn first blood in the dispute...

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