Peter Moyo rubbishes Old Mutual board’s claim
Moyo rubbishes the board’s claim that preference dividends were not paid or that debt to Old Mutual is outstanding
20 June 2019 - 05:00
Old Mutual has fired its CEO, Peter Moyo, weeks after first announcing his suspension over a conflict of interest. And it has finally given some detail about its side of the story.
Moyo is a nonexecutive director and shareholder in NMT Capital, the BEE firm he founded as Amabubesi. This potential conflict of interest was declared, and the board of Old Mutual initially tolerated it. Old Mutual approved remuneration of more than R50m for Moyo last year...
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.