The events that have unfolded in the DA have shown that Zille has more influence than Maimane. He serves at her pleasure, writes Ralph Mathekga.
Showers early. Mostly sunny. Mild.
The reputation of the PIC which recently faced an inquiry into its affairs, can still be repaired, interim chair Reuel Khoza tells Fin24.
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.
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.
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."
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.
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".
In an open letter published on its website, the financial services provider said it took the step "after legal advice and on careful reflection by directors, with proper regard to their fiduciary duties to the company".
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 has appointed Itumeleng Kgaboesele as the new chair of the remuneration committee, effective from September 25, the insurer said on Thursday evening.
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.
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 Old Mutual board will not step down unless there is "just cause" for them to do so, board chair Trevor Manuel said on Friday morning.
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.
“We hope that the courts rule in Old Mutual’s favour and that Peter Moyo leaves the group without a large financial settlement."
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