Will Old Mutual offer Peter Moyo a golden handshake?

After long discussion throughout the day, Old Mutual has confirmed that Peter Moyo will not be allowed to return to work.

Moyo was prevented from resuming his duties on Wednesday, despite the court having declared his removal as unlawful.

However, Old Mutual says due to their review application Moyo cannot be allowed to work.

” As far as we have taken counsel as Old Mutual it means that Mr Moyo is not allowed nor permitted to resume duty,” Old Mutual spokesperson Tabby Tsengiwe said.

However, Moyo says he will consult with his legal team as he believes that the insurance company is undermining the court order.

” Quite frankly I consider that as total contempt of the court and it is actually one of those things where the board is contempt,” Moyo said.

There are reports that Moyo will be offered a golden handshake.