JOHN DLUDLU: Old Mutual headed for Pyrrhic victory over Peter Moyo
Never mind the legal costs, the messy divorce has cost the insurance giant its reputation
25 September 2019 - 05:10
SA business likes to complain about labour market rigidities, especially how difficult it is to fire employees. But having witnessed the ongoing battle between Old Mutual and its CEO, Peter Moyo, this view might have to change.
For the last three months, the life insurer has been trying — and failing — to sack Moyo after a said breakdown of trust over how he handled a well-known conflict of interest in relation to his private business, NMT Capital, which was enabled by Old Mutual. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.