Former president Jacob Zuma was never going to remain the all-powerful and omnipresent political figure that he thought, writes Pieter du Toit.
Old Mutual Personal Finance Managing Director has stepped down, citing personal reasons, Old Mutual announced on Friday evening.
Axed Old Mutual CEO Peter Moyo says there is no punishment befitting Old Mutual directors other than six months' jail time, without the option of a fine, on contempt of court charges.
In court papers the insurance giant says there is no chance of a 'future successful relationship'.
Old Mutual said fired CEO Peter Moyo issued the South African insurer with a summons seeking damages totaling R250m.
An Old Mutual shareholder is urging the insurer to end its dispute with Chief Executive Officer Peter Moyo even if it means settling out of court.
Axed Old Mutual CEO Peter Moyo believes the board should take drastic action against chair Trevor Manuel.
The Competition Tribunal has approved a merger which will see Edcon selling the Edgars Active and High Key chain stores to Footgear, in which Old Mutual has a majority stake.
The Black Management Forum has accused Old Mutual and its chair Trevor Manuel of disregarding the courts and the rule of law during its legal battle with axed CEO Peter Moyo.
The upcoming Medium-Term Budget Policy Statement in October will be a critical indicator of how government is planning to deal with prevailing challenges resulting in low growth and crippling SA's economy, according to an economist at Old Mutual.
Axed CEO Peter Moyo will not immediately be returning to work if Old Mutual has its way, the company said in a statement on Friday evening. But Moyo will be going to work on Monday, he told Fin24.
Old Mutual Zimbabwe has offered employees an improved retrenchment package after the first offer, made earlier this year, was met with limited uptake.
Peter Moyo has been treated badly, but he is still overplaying his hand, says Ferial Haffajee.
Old Mutual shareholders are split on whether the South African insurer should pony up and settle with Chief Executive Officer Peter Moyo or run the risk of a R250m damages claim.
Even heroes need a little help sometimes, especially when it comes to managing on a single income, says says Old Mutual's Strategic Retail Marketing Manager Karabo Ramookho.
Peter Moyo is now threatening to return to work with a sheriff in tow.
In an apparent blow to chairman Trevor Manuel, Old Mutual director Nombulelo Pinky Moholi has resigned with immediate effect.
Old Mutual chair Trevor Manuel has apologised for his "inappropriate" remark about a judge who delivered a ruling against the company in litigation involving its axed CEO Peter Moyo.
"Legal steps will be taken to bring the latest insults to the attention of the court."
Old Mutual is in the process of appealing the interim judgment which ruled that it must reinstate its axed CEO Peter Moyo, as a bitter legal battle between the parties shows no sign of abating.
Old Mutual’s results for the six months to end-June show a 10% increase in its headline profit to R5.2bn - thanks in part to higher investment returns in South Africa.
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