Search / Old mutual
Investors desert Zimbabwe stock market
FAILURE by foreign investors to repatriate funds has led to massive disinvestment on the Zimbabwe Stock Exchange (ZSE) with investments plummeting to 25% in 2019 from 52% in 2016.This comes as...Published: 21 Feb 2020 at 05:49hrs | 287 | by Staff reporter
Old Mutual to oppose latest Peter Moyo court bid
Old Mutual intends to appoint a new CEO, despite axed CEO Peter Moyo's latest court bid to prevent it from doing so.The financial services provider on Tuesday issued a statement indicating it ...Published: 18 Feb 2020 at 18:23hrs | 535 | by Staff reporter
Peter Moyo appeals dubious court judgement
Former Old Mutual CEO Peter Moyo has filed an urgent court application to prevent the financial services company from appointing a permanent CEO amid an ongoing legal battle.Moyo's attorney, E...Published: 16 Feb 2020 at 17:46hrs | 1620 | by Staff reporter
Zimbabwe recession deeper than thought?
Nyasha Mutseyekwa, a minivan transporter in Zimbabwe's capital Harare, cannot afford new tyres for his ramshackle kombi, selling at US$45 for a good second hand.Whether he opted to pay in US c...Published: 16 Feb 2020 at 17:35hrs | 945 | by Staff reporter
Mushosho retires from Old Mutual
OLD Mutual Zimbabwe group chief executive, Jonas Mushosho has retired from the conglomerate after reaching the retirement age.Mushosho served as CEO for over seven years.NewsDay Business r...Published: 10 Feb 2020 at 10:03hrs | 1755 | by Staff reporter
When a company falls out with its CEO: Lessons from SA's Old Mutual
A LEGAL battle between Old Mutual, the South African-based pan-African investment, savings and insurance group, and its chief executive officer Peter Moyo has dominated news headlines in the country f...Published: 30 Jan 2020 at 09:00hrs | 652 | by Rehana Cassim
Chihuri's dodgy deals exposed
An up-market housing scheme in north-eastern Harare meant for top police officers was allegedly hijacked by former Police Commissioner-General Dr Augustine Chihuri in its final phase, and he allocated...Published: 24 Jan 2020 at 01:02hrs | 3559 | by Staff reporter
Zimdollar has been a disaster for asset values, economy
The introduction of Zimbabwe's own currency, the ZWL, in February 2019 has been a disaster as many economists, as well as ourselves, had predicted. Since it was launched the ZWL has fallen fro...Published: 19 Jan 2020 at 13:14hrs | 580 | by John Legat
'Debt forgiveness crucial for Zimbabwe'
AS the country's central bank and treasury chiefs head to the forthcoming World Economic Forum in Davos, Switzerland next week, Imara Asset Management (Imara) says the country is in desperate need of ...Published: 17 Jan 2020 at 05:54hrs | 60 | by Staff reporter
Peter Moyo to appeal Old Mutual case
A South African court ruled that Old Mutual Ltd. doesn't have to give fired chief executive officer Peter Moyo his job back, clearing the way for the insurer to find a replacement. The High Co...Published: 15 Jan 2020 at 06:26hrs | 874 | by Staff reporter
Old Mutual, Peter Moyo feud threatens growth
Old Mutual homecoming may get even rockier next year as an ongoing battle with its former head risks distracting the South African insurer from handling weak economic growth and rising competition. ...Published: 24 Dec 2019 at 06:02hrs | 3192 | by Staff reporter
Zimbabwe faces a gloomy 2020
IN the three weeks since the 2020 national budget both the economy and Finance Minister Mthuli Ncube's recovery strategy have drifted closer to the rocks. In their stubborn refusal to heed development...Published: 13 Dec 2019 at 07:30hrs | 796 | by Anthony Hawkins
Peter Moyo vs Old Mutual: Judgment reserved
The Johannesburg High Court has reserved judgement on the Old Mutual appeal case for 2020. However, lawyers of axed CEO Peter Moyo say it’s already a forgone conclusion that it is an "unwinnable" ba...Published: 05 Dec 2019 at 21:04hrs | 1594 | by Staff reporter
Cabs to close 4 branches
OLD Mutual subsidiary, Cabs is shutting down four branches by end of January next year as the financial institution streamlines its business model in response to the tough operating environment....Published: 04 Dec 2019 at 09:21hrs | 2371 | by Staff reporter
Mambondiani assumes CCAZ presidency
BancABC chief executive Dr Lance Mambondiani has been appointed president of the Contact Centre Association of Zimbabwe (CCAZ) taking over from DHL Zimbabwe managing director Jeff Phiri. Dr La...Published: 26 Nov 2019 at 07:19hrs | 145 | by Staff reporter
Business Executives can change the political fortunes
Now that the President of Zimbabwe has reshuffled the cabinet. There is a lot of hullabaloo who should have been included, but the truth of the matter is, he can only choose and work with the crop of ...Published: 13 Nov 2019 at 10:31hrs | 1301 | by Jacob Kudzayi Mutisi
Old Mutual appoints new CEO
Old Mutual Zimbabwe has appointed Samuel Matsekete as the chief executive officer taking over from Jonas Mushosho with effect from January 1, 2020."Old Mutual is pleased to confirm the appoint...Published: 08 Nov 2019 at 05:00hrs | 730 | by Staff reporter
Zimbabwe's not so new currency
News about a pending currency coming to the market in a fortnight made headlines on Tuesday even as it abated confusion over the reintroduction of the currency in question. The confusion pertains to w...Published: 31 Oct 2019 at 07:19hrs | 759 | by Respect Gwenzi
Peter Moyo vs Old Mutual rumbles on
The board of Old Mutual says it has been informed that the deputy judge president of the South Gauteng High Court has set an accelerated timetable for the appeal against the high court judgement which...Published: 30 Oct 2019 at 08:17hrs | 3092 | by Staff reporter
Old Mutual wants a different judge in Peter Moyo trial
Old Mutual has applied for the recusal of Judge Brian Mashile in the trial of former CEO Peter Moyo's against the company.Moyo was fired in June, but the court found his dismissal was unlawful...Published: 29 Oct 2019 at 17:20hrs | 510 | by Staff reporter
Old Mutual wants judge removed in 'desperate attempt' to delay case
A bid by Old Mutual to have the judge presiding over its legal battle with its axed CEO Peter Moyo removed from the case is a "desperate attempt" to prevent the start of the contempt of court hearing ...Published: 29 Oct 2019 at 17:19hrs | 363 | by Staff reporter
Zimdollar to be pegged against SA rands
THE government is leaning towards pegging the Zimbabwe dollar currency to the South African rand, with Finance minister Mthuli Ncube saying this would make the local currency more competitive in the r...Published: 29 Oct 2019 at 07:01hrs | 12972 | by Staff reporter
Zimbabwe mining stocks in positive performance
THE Zimbabwe Stock Exchange resources indicator, the Mining Index, has defied the selling pressure that characterised recent market activity on the bourse after rising for the third consecutive week s...Published: 27 Oct 2019 at 09:55hrs | 177 | by Staff reporter
Massive layoffs rock Zimbabwe financial sector
MORE than 300 workers in the financial services sector have been laid off in the last two months as companies rationalise their cost structures in a tough operating environment amid economic recession...Published: 25 Oct 2019 at 09:35hrs | 337 | by Staff reporter
Peter Moyo wants Trevor Manuel and other Old Mutual directors jailed
Axed Old Mutual CEO Peter Moyo says there is no punishment befitting Old Mutual directors other than six months' jail time, without the option of a fine, on the contempt of court charges he lodged aga...Published: 18 Oct 2019 at 19:06hrs | 2251 | by Staff reporter
Mthuli Ncube cut his nose to spite his face
ZIMBABWE businesses, grappling with the realities of hyperinflation and exchange rate induced losses, have pressed the panic button over worsening macro-economic conditions in the country, with severa...Published: 18 Oct 2019 at 18:26hrs | 2394 | by Phillimon Mhlanga
Amazing Voices auditions hit Bulawayo
IT is a Tuesday morning at the Large City Hall in Bulawayo and the place is packed with scores of hopefuls awaiting to audition for a shot at snagging the US$100 000 prize money in a new singing talen...Published: 18 Oct 2019 at 05:24hrs | 96 | by Staff reporter
Old Mutual tables new retrenchment package
Old Mutual Zimbabwe Limited has been forced to table an improved voluntary retrenchment package to its employees after the first one got a lukewarm response, according to group chief executive officer...Published: 17 Oct 2019 at 08:44hrs | 22 | by Staff rpeorter
Hundreds attend Bulawayo Amazing Voices auditions
AUDITIONS for the Zimbabwe leg of the Old Mutual Amazing Voices singing competition kicked off in Bulawayo at the Large City Hall yesterday with hundreds flocking the venue to try their luck. ...Published: 16 Oct 2019 at 07:14hrs | 125 | by Staff reporter
All set for reality singing show Bulawayo auditions
ALL is set for the Bulawayo auditions of the talent search series, Old Mutual Amazing Voices to be held at the Large City Hall tomorrow. Old Mutual's Amazing Voices is a pan-African singing re...Published: 14 Oct 2019 at 06:39hrs | 168 | by Staff reporter
Zimbabwe gears for hyperinflation reporting
ZIMBABWE is on the verge of adopting a hyperinflation financial reporting model at a time inflation figures have spiked as its fragile economy teeters on the brink of collapse.The reporting modali...Published: 10 Oct 2019 at 06:55hrs | 553 | by Staff reporter
Old Mutual, Peter Moyo saga rages
Old Mutual has argued in court papers that it is not in contempt of court for refusing to let its former CEO Peter Moyo return to work, as the increasing convoluted legal struggle between the insuranc...Published: 10 Oct 2019 at 06:39hrs | 208 | by Reuters
Old Mutual says blocking Peter Moyo from work wasn't contempt of court
Old Mutual says there are no grounds to find it was in contempt of court by blocking its chief executive officer from gaining access to his office.In court papers filed at the High Court in Jo...Published: 08 Oct 2019 at 21:48hrs | 1120 | by Bloomberg
Peter Moyo splits Old Mutual
Mutual shareholders are split on whether the South African insurer should pony up and settle with Chief Executive Officer Peter Moyo or run the risk of a R250 million damages claim. All Weathe...Published: 08 Oct 2019 at 06:33hrs | 309 | by Staff reporter
Old Mutual's bitter feud with Peter Moyo splits shareholders
Old Mutual shareholders are split on whether the South African insurer should pony up and settle with Chief Executive Officer Peter Moyo or run the risk of a R250m damages claim.All Weather Ca...Published: 06 Oct 2019 at 20:19hrs | 693 | by Staff reporter
Old Mutual Amazing Voices search comes to Bulawayo
A brand new talent search series, Old Mutual Amazing Voices, will be introduced on DStv in January with participants drawn from four countries including Zimbabwe set to compete for a US$100 000 prize ...Published: 04 Oct 2019 at 07:11hrs | 20 | by Staff reporter
Peter Moyo wants R250m in damages, says Old Mutual
Old Mutual has said fired CEO Peter Moyo issued the South African insurer with a summons seeking damages totaling R250m.The company will defend "any claim vigorously," Johannesburg-based Old M...Published: 02 Oct 2019 at 18:00hrs | 1089 | by Bloomberg
Trevor Manuels and other Old Mutual directors headed towards a tragedy of their own making
When Old Mutual's board of directors decided to terminate Peter Moyo's contract, they didn't seem to have a plan for what would come nextLet's imagine for a moment a hypothetical scenario in w...Published: 02 Oct 2019 at 18:00hrs | 1728 | by Tebogo Khaas
Old Mutual Board not acting in the best interests of the company, says shareholder
An Old Mutual shareholder is urging the insurer to end its dispute with Chief Executive Officer Peter Moyo even if it means settling out of court.The wrangle can no longer be resolved through ...Published: 26 Sep 2019 at 16:37hrs | 1123 | by Staff reporter
Peter Moyo wants Trevor Manuel declared delinquent
Peter Moyo plans to apply to the South Gauteng High Court to have Old Mutual' s non-executive directors declared delinquent, he revealed to CNBC Africa. Thus pursuing Part B of his court application....Published: 26 Sep 2019 at 07:40hrs | 1039 | by Staff reporter
Peter Moyo refused entry to Old Mutual - yet again
Peter Moyo returned to Old Mutual's offices in Sandton, demanding that he be allowed back at work. But for the third time, he was refused entry. After a court ruling that he had to be reinstat...Published: 25 Sep 2019 at 07:34hrs | 1475 | by Staff reporter
US Dollar gains more value again
The United States Dollar has gained value from 1:8 to 1:16 according to market watch. Rates had tumbled over the weekend after the Reserve Bank of Zimbabwe from accounts belonging to President...Published: 24 Sep 2019 at 09:57hrs | 8065 | by Mandla Ndlovu
Man 'wearing a robe' wants Old Mutual to explain decision not to reinstate Peter Moyo
Old Mutual will have to explain why its decision not to reinstate CEO Peter Moyo is not in contempt of court.This was the ruling delivered on Monday morning at the Johannesburg High Court by J...Published: 23 Sep 2019 at 14:53hrs | 438 | by Staff reporter
Peter Moyo, Trevor Manuel fight: Old Mutual cracks
In an apparent blow to chairperson Trevor Manual, Old Mutual director Nombulelo Pinky Moholi has resigned with immediate effect.Moholi, who chaired the remuneration committee, said she resigne...Published: 20 Sep 2019 at 08:32hrs | 1609 | by Staff reporter
Danai Gurira play comes to Harare tomorrow
Almasi Collaborative Arts will present a stage reading of United States-based actress, Danai Gurira's play "Familiar", tomorrow evening at Old Mutual Theatre, Alliance Francaise. Directe...Published: 18 Sep 2019 at 06:47hrs | 66 | by Staff reporter
Trevor Manuel proves that he is a delinquent
Old Mutual chair Trevor Manuel, who proved that he is a delinquent, has apologised for his remark about a judge who delivered a ruling against the company in litigation involving its axed CEO Peter Mo...Published: 17 Sep 2019 at 21:08hrs | 2811 | by Staff reporter
Old Mutual plans 'massive' Victoria Falls hotel project
THE country's largest financial services group, Old Mutual Zimbabwe Limited, is geographically diversifying its properties with a massive hotel development plan in the resort town of Victoria Falls. ...Published: 16 Sep 2019 at 05:44hrs | 1155 | by Staff reporter
Trevor Manuel ups the ante on Peter Moyo
Old Mutual chairperson Trevor Manuel has assured his co-board members at the major insurer that Peter Moyo's bid to have the entire board declared delinquent would fail dismally.Addressing the...Published: 14 Sep 2019 at 13:48hrs | 1702 | by Staff reporter
Old Mutual abandons more legal action against Peter Moyo
In a major U-turn, Old Mutual has abandoned its immediate plans for more legal action against its on-again, off-again CEO Peter Moyo. In a lawyer's letter to Moyo's legal team, seen by Fin24, ...Published: 13 Sep 2019 at 06:59hrs | 901 | by Staff reporter
Old Mutual blocks CEO Moyo from returning to work again
(Bloomberg) - As Peter Moyo hung around Old Mutual Ltd.'s headquarters in Johannesburg getting a coffee, a staffer came up to him, hugged the on-and-off again chief executive officer, and said how goo...Published: 09 Sep 2019 at 13:30hrs | 2293 | by Bloomberg
Load More Stories
