Old Mutual

Former Old Mutual CEO Peter Moyo has filed an urgent court application to prevent the financial services company from appointing a permanent CEO amid an ongoing legal battle.
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Old Mutual has argued that the Johannesburg High Court did not consider the real reason why its axed CEO Peter Moyo was fired when it ruled in July that he must return to lead the company.
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Old Mutual subsidiary, the Central Africa Building Society (CABS), plans to close four more branches in Harare and Norton by end of next month as the financial institution rationalises its business model in response to tough operating…
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The Old Mutual Group has appointed Mr Samuel Matsekete as its chief executive officer designate.
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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 R250 million damages claim.
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Old Mutual said fired chief executive officer Mr Peter Moyo issued the South African insurer with summons seeking damages totalling R250 million.
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Old Mutual has slammed on-off CEO Peter Moyo, saying the ongoing dispute between him and the insurer is a “public spectacle” and an indication that Moyo “continues to place his interests ahead of Old Mutual and its shareholders”.
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Peter Moyo’s bid to censure the conduct of Old Mutual’s 14-member board for his tumultuous axing as the insurer’s CEO has hit a procedural snag.
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The country’s largest financial services group, Old Mutual Zimbabwe Limited, is geographically diversifying its properties with a massive hotel development in the resort town of Victoria Falls.
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Giant insurer, Old Mutual, which is in the midst of a bruising public spat with former CEO, Peter Moyo, said on Monday it will spend R2.4 billion more in buying back its own “undervalued” shares.
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