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South African Insurer Old Mutual said on Wednesday it had filed an application to appeal against the temporary reinstatement of fired CEO Peter Moyo, and reiterated that he was not permitted to return to work as a result.
Moyo did report for work at the insurer’s Johannesburg offices on Wednesday morning, resulting in a lengthy discussion between his and Old Mutual’s legal teams. Moyo’s lawyer said Old Mutual’s appeal was not sufficient to suspend the court order regarding his reinstatement.
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