BusinessLive reports that the legal team of former Old Mutual CEO Peter Moyo says it is confident it will prove that all of the directors at Old Mutual are in contempt of court over their handling of his dismissal.  

According to Moyo’s legal representative Eric Mabuza, Old Mutual is in a corner and its directors “could face jail time”.  “Old Mutual hasn’t won at anything.  All of its directors are now in contempt of court unless it can prove otherwise.  Old Mutual now has 10 days to file an affidavit to explain why its directors are not in contempt of court over his dismissal.  We are confident we can still win our case to prove that Mr Moyo was fired unlawfully,” Mabuza said.  He was speaking after the dispute between Old Mutual and Moyo was pushed out after he was granted leave to add evidence to a contempt of court charge he brought against the company.  Further arguments in the case will be heard after the parties have submitted their heads of arguments and responses, according to the ruling, delivered at the High Court in Johannesburg on Monday.  That could take about a month, Old Mutual spokesperson Tabby Tsengiwe indicated.  Notwithstanding the contempt application, Old Mutual is in the process of filing papers in its pending appeal against the judgment by Judge Brian Mashile, which granted Moyo relief by way of temporary reinstatement.

• Read the full original of the report in the above regard by Alistair Anderson at BusinessLive
• Read too, Peter Moyo hits a procedural snag but gets a small victory, at Moneyweb

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