BusinessLive reports that axed Old Mutual CEO Peter Moyo has filed yet another urgent application in the Johannesburg High Court asking it to declare the insurer in breach of the constitution because it fired him again while it was still waiting for a judge to decide on the legality of his first dismissal.  

The latest salvo by Moyo, who was first dismissed in June, comes after Old Mutual served him with a second notice to terminate his employment last Wednesday.  In July, the court ordered Old Mutual to temporarily reinstate Moyo because it had fired him in June without a disciplinary hearing for an alleged conflict of interest involving NMT, a private equity firm that Moyo co-founded.  The insurer, which is appealing against that ruling, was still waiting to hear if it would be successful when it fired Moyo again on the basis of legal advice and "careful reflection by directors".  Moyo argued in his affidavit filed on Monday that the court should declare that Old Mutual was in breach of section 165(3) of the constitution because the latest axing put the insurer in contempt of court, and was a deliberate attempt to interfere with the legal processes.

• Read the full original of the above report by Londiwe Buthelezi at BusinessLive

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