SAMANTHA ENSLIN-PAYNE: Old Mutual may be learning some hard lessons - in public

14 July 2019 - 00:10 By Samantha Enslin-Payne

Old Mutual has some choice words for its former CEO Peter Moyo in its 351-page response (including annexures) to his legal action against the company. "Author of his own misfortune", "scurrilous", "spurious", "vexatious" and "bizarre" are among the descriptions Old Mutual has for Moyo and his allegations. It also calls him "nonchalant" and "supine" in his dealings with the payment due to Old Mutual of preference dividends owed by NMT Capital, which Moyo co-founded and in which Old Mutual invested. It says Moyo's "inflated sense of self-importance is astonishing"...

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.