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EWN reports that the lawyer representing Old Mutual CEO Peter Moyo said the fact that the insurer was appealing his reinstatement did not mean that Moyo could not continue to work.
Moyo returned to the company's headquarters on Wednesday despite warnings that he should not do so. Old Mutual had fired him for what it said was a conflict of interest relating to payments to NMT Capital, a company he co-founded. But on Tuesday, the High Court in Johannesburg ruled that the dismissal was unlawful and ordered that he be temporarily reinstated. Moyo’s lawyer Eric Mabuza said: “Their legal position is incorrect; the correct position is that the interim order is not suspended by the application for leave to appeal. If you want to suspend an interim order, you need to go to court.” He added: “We will continue talking (on Wednesday afternoon) but we’re waiting for their senior counsel to talk about what is happening.”
- Read the original of the above report by Kgomotso Modise at EWN
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