Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

NedbankReuters reports that fired Old Mutual chief executive Peter Moyo has resigned from his post on the board of Nedbank, the lender said on Friday.  

Moyo, who had been a non-executive director at Nedbank, has been battling with Old Mutual over his sacking ever since he was dismissed following a dispute over a conflict of interest in June 2019.  After winning a series of victories in court, he has lost at his last few hearings.  An agreement between Old Mutual and Nedbank allows the insurer to nominate one director to the bank’s board as long as its stake is equal to or greater than 15% in the Nedbank Group.

  • Read the full original of the report in the above regard by Emma Rumney at Moneyweb

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