Johannesburg’s high court has granted Peter Moyo leave to introduce further evidence in his case against Old Mutual, local news website Fin24 has reported.
The former chief executive’s aim is to prove that Old Mutual’s board of directors was in contempt of court when it fired him the second time.
Moyo was first sacked in June 2019, after being suspended by the insurer, over an alleged conflict of interest and breakdown of trust.
At the end of June 2019, judge Mashile ruled that the dismissal was unlawful and that Moyo was to be reinstated on a temporary basis.
Old Mutual, however, banned Moyo from returning to work the day after the court ruling.
Troubled waters
Shortly after, the South African insurer issued the second notice of termination and appealed Mashile’s ruling.
Moyo’s argument is that the move breached the judgement and he deemed it a “classic case of contempt of court”.
But it doesn’t stop there.
Old Mutual chairman Trevor Manuel tried to set the record straight in a press conference but he was later forced to apologise for his “wholly inappropriate” comments after referring to Mashile as “an individual who happens to wear a robe”.
Subsequently, one of the board members, Nombulelo Moholi, quit.
As Moyo submits additional evidence, the case will go before the high court in 30 days.
Following the managed separation of the group in 2018, Old Mutual South Africa is no longer connected with Quilter or Isle of Man-based Old Mutual International.
