{"id":53983,"date":"2022-02-01T20:40:32","date_gmt":"2022-02-01T18:40:32","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=53983"},"modified":"2022-02-01T18:31:44","modified_gmt":"2022-02-01T16:31:44","slug":"peter-moyo-has-lost-r250m-old-mutual-court-challenge","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/peter-moyo-has-lost-r250m-old-mutual-court-challenge","title":{"rendered":"Peter Moyo Has Lost R250M Old Mutual Court Challenge"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Johannesburg High Court on Monday dismissed Peter Moyo\u2019s case against Old Mutual, which may be a final blow to the former CEO\u2019s hope of getting R250 million from the insurer.<\/p>\n

Moyo sued the insurer for contractual damages amounting to the total he would have earned for the remainder of his contract, had Old Mutual not fired him in June 2019.<\/p>\n

The company said he wanted R230 million for contractual damages and another R20 million for the \u201cinsults\u201d and impairment of his dignity caused by the statements that the company and its directors made in the media.<\/p>\n

Old Mutual filed a court application last week to have Moyo\u2019s case thrown out, with the company contending that there was nothing new in his argument.<\/p>\n

Old Mutual said its former CEO was repeating arguments that had already been rejected by the courts before.<\/p>\n

Judge Gregory Charles Wright seemingly agreed with the insurer. He found that Moyo failed to produce any evidence to show that Old Mutual wrongfully terminated his contract.<\/p>\n

Moyo had brought the damages claim to court because he maintained that Old Mutual fired him unlawfully, even though a full-court ruled otherwise in 2020.<\/p>\n

While he won a few rounds against the insurer at the beginning of their public legal battle in 2019, higher courts have rejected Moyo\u2019s arguments.<\/p>\n

Moyo even took his fight to Bloemfontein after the full bench judgment in 2020. But the Supreme Court of Appeal turned him down too.<\/p>\n

Old Mutual wrote after the judgment:<\/p>\n

The Court said it agreed with and was bound by similar findings made by a full bench of the High Court in January 2020, which also found Old Mutual had acted lawfully in terminating Mr Moyo\u2019s contract.<\/p>\n

On his claim for loss of dignity caused by the insulting remarks made when he was fired, the court also found no evidence to support this.<\/p>\n

With this case thrown out, Moyo is now waiting to hear if he won or lost his application to have Old Mutual directors declared lawbreakers for blocking his temporary reinstatement when the Johannesburg High Court ordered it to do so in July 2019.<\/p>\n

More: Fin24<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Johannesburg High Court on Monday dismissed Peter Moyo\u2019s case against Old Mutual, which may be a final blow to the former CEO\u2019s hope of getting R250 million from the insurer. Moyo sued the insurer for contractual damages amounting to the total he would have earned for the remainder of his contract, […]<\/p>\n","protected":false},"author":84,"featured_media":53982,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,12,15],"tags":[1493,2189,3605,5376,19],"class_list":{"0":"post-53983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-homepage-english","9":"category-policy","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-old-mutual","14":"tag-peter-moyo","15":"tag-zimbabwe"},"yoast_head":"\nPeter Moyo Has Lost R250M Old Mutual Court Challenge - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Johannesburg High Court on Monday dismissed Peter Moyo\u2019s case against Old Mutual, which may be a final blow to the f ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/peter-moyo-has-lost-r250m-old-mutual-court-challenge\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peter Moyo Has Lost R250M Old Mutual Court Challenge\" \/>\n<meta property=\"og:description\" content=\"The Johannesburg High Court on Monday dismissed Peter Moyo\u2019s case against Old Mutual, which may be a final blow to the f ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/peter-moyo-has-lost-r250m-old-mutual-court-challenge\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-01T18:40:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-01T16:31:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/02\/img-61f960568118c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/peter-moyo-has-lost-r250m-old-mutual-court-challenge\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/peter-moyo-has-lost-r250m-old-mutual-court-challenge\",\"name\":\"Peter Moyo Has Lost R250M Old Mutual Court Challenge - 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