South Africa: Moyo vs Old Mutual - 5 Reasons Why the Corporate Warfare Continues
The Gauteng High Court in Johannesburg will on Friday hear round two of the legal battle between on-and-off again Old Mutual CEO Peter Moyo and the company. Moyo's legal team will meanwhile argue that it was an interim ruling and notice to appeal does not suspend the order, meaning that Moyo is entitled to return to work immediately. In his affidavit to the court submitted on Monday, Moyo describes that prior to the board meeting, he called the CFO, Casper Troskie, and informed him that it would be unlawful to hold a board meeting without extending an invitation for him to attend. Moyo will ask the High Court to declare the Old Mutual directors in contempt of court for failing to reinstate him immediately after the July 30 ruling.