PIC presses for early solution to Old Mutual brawl

20 October 2019 - 00:07 By ASHA SPECKMAN

The Public Investment Corporation (PIC), as a major shareholder in Old Mutual, has taken a keen interest in the fracas between former CEO Peter Moyo and the company.

PIC chair Reuel Khoza said this week: "We could not sit back as a major shareholder and not take accountability where our investee company is concerned." He added there had been "communication at executive level on several occasions, but at board level I have personally taken the trouble to talk to Moyo and his lawyers and get to understand what their stance is in terms of how best to resolve this situation"...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.

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