JOHANNESBURG - The High Court in Johannesburg on Tuesday ruled that Peter Moyo be reinstated as chief executive officer of Old Mutual.
He sought the assistance of the courts after the insurer first suspended and fired him in May over alleged conflict of interest.
Moyo on his part alleged that he was axed after he exposed Old Mutual chair Trevor Manuel for alleged conflict of interest.
He was supported by his family in court and after proceedings, he expressed his delight with how everything played out.
“I am happy and I am back in the office tomorrow morning at 8 o’clock. In terms of my contract of employment, they had not dealt with it correctly. But the main thing now is that I am back as the chief of Old mutual and I have got to rebuild it,” he said.