South Africa: Business Leaders, Why Are You Silent About the Destructive Old Mutual-Peter Moyo Impasse?

opinion

As shareholders continue to lose billions of rand from the five-month dust-up between axed-but-reinstated CEO Peter Moyo and Old Mutual, business leaders are silent. There is a climate of fear around speaking out, which is bad for corporate governance in SA.

"I think Peter Moyo and Trevor Manuel should leave Old Mutual. The dispute is now about their egos. In the interest of Old Mutual and shareholders, they both need to walk away from the company."

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