In the 1987 film The Untouchables, Sean Connery’s character remarks nonchalantly, after shooting dead a knife-wielding assailant: “He brought a knife to a gunfight.”

Peter Moyo, former CEO of Old Mutual, might not have seen the movie. But right now, just hours before he and Old Mutual are due to slug it out in the high court in Johannesburg, it looks as though he is equipped with little more than the equivalent of a penknife...

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