OldMutualBusinessLive reports that former Old Mutual CEO Peter Moyo has been dealt another blow in his attempt to be reinstated in his position.  

The Supreme Court of Appeal dismissed with costs his application to lodge an appeal in the matter.  The court ruled that Moyo’s intended appeal had no reasonable prospects of success.  This means that the decision by the High Court in Johannesburg to overturn an earlier decision to reinstate Moyo still stands.  Old Mutual said it welcomed the ruling as it “enhances certainty” and commented that it was one step closer to ending the litigation instituted against it by Moyo.  But it appears that Moyo is not giving up the fight.  His attorney indicated:  “Mr Moyo is going to exercise his right of further appeal.  He has two options, either approach the president of the Supreme Court of Appeal for a reconsideration, or approach the Constitutional Court for leave to appeal.”  The two parties have been embroiled in litigation since Moyo was suspended and then dismissed by Old Mutual in 2019.


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