In a shocking turn of events, Zimbabwean born, former Old Mutual CEO, Peter Moyo, has reportedly lost the court case against the insurance giant.

This follows the appeal by Old Mutual against the second judgement  temporarily reinstating him, in 2019.

Peter Moyo was ordered to pay costs for the appeal.

Old Mutual has on two occasions denied Peter Moyo entry into the Old Mutual Offices, after the court ordered his reinstatement.

Peter Moyo fell out with the board a few months after his re-appointment as CEO at Old Mutual and has been sitting at home since the last half of 2019.