The Cape Town headquarters of Anglo-South African financial services company Old Mutual are shown in this picture taken March 7, 2016. REUTERS/Mike Hutchings/File Photo
JOHANNESBURG (Reuters) – Sacked Old Mutual chief executive Peter Moyo on Monday turned up for work but has again been prevented from resuming his duties despite a court ruling last week that dismissed the insurer’s attempt to block his temporary reinstatement.
Moyo, who was fired in June in a dispute over a conflict of interest, was temporarily reinstated by the court in July but Old Mutual said he could not return to work while it appealed.
“They are again preventing Mr Moyo from taking over his duties as CEO,” said Eric Mabuza, Moyo’s lawyer, adding that the CEO was seeking a board resolution that said he could not resume his duties.
Reporting by Tanisha Heiberg, editing by Louise Heavens