It's been a long, hard and expensive slog, but next week former president Jacob Zuma will finally get what he's always wanted: his day in court.
In court papers the insurance giant says there is no chance of a 'future successful relationship'.
In an apparent blow to chairman Trevor Manuel, Old Mutual director Nombulelo Pinky Moholi has resigned with immediate effect.
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.
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.
Old Mutual board chairperson Trevor Manuel says the board is united, contrary to the 'two bulls in a kraal' narrative created by Peter Moyo, Business Maverick reports.
Old Mutual is set to head to court on Friday to battle it out with its on-again, off-again CEO Peter Moyo in the second round of a corporate clash that Moyo has dubbed 'David vs. Goliath' in court papers.
Trevor Manuel says the Economic Freedom Fighters's appeal of a defamation suit he won against the party has no merit and that the damages awarded by the court were appropriate
Axed Old Mutual CEO won his bid to be reinstated at Old Mutual on Tuesday. The High Court in Johannesburg ruled that his dismissal was unlawful. Moyo said he would return to work tomorrow.
Old Mutual Limited's share price, already on a downward trend during Tuesday, declined further after the Gauteng High Court in Johannesburg interdicted the insurer on Tuesday from appointing anyone in the place of axed CEO Peter Moyo.
The Gauteng High Court in Johannesburg will rule on Tuesday on former Old Mutual CEO Peter Moyo’s urgent application to be reinstated and for his dismissal to be declared unlawful and unconstitutional.
Axed Old Mutual CEO Peter Moyo believes the board should take drastic action against chair Trevor Manuel.
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."
In a new affidavit, the on-again, off-again Old Mutual head says his second axing by the financial services giant was "deliberately calculated to undermine the efficacy of the judgement of this court".
Old Mutual and on-again, off-again CEO Peter Moyo will hear the outcome of their increasingly acrimonious legal battle in approximately two weeks
It doesn't matter who wins - when SA's political and corporate leaders are in public battle, the brand and reputational damage has far-reaching consequences, says Solly Moeng.
Old Mutual will appeal the High Court ruling on Tuesday which re-instated Peter Moyo as CEO, a company spokesperson confirmed to Fin24.
Old Mutual CEO Peter Moyo is ready to report for duty immediately after his court victory on Tuesday and does not foresee any problems having a working relationship with the board and the chairperson Trevor Manuel.
Moyo was suspended in May and later fired as CEO of the JSE listed insurer in June. The company asserted this was due to a conflict of interest in his personal business matters.
Axed Old Mutual CEO Peter Moyo is expected to hear his fate in the Johannesburg High Court, where he has hauled his former employer to court.
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