The Constitutional Court has refused former Old Mutual CEO Peter Moyo’s application for leave to appeal a ruling against his R250 million damages claim against his former employer.
Background of the Case
Moyo has filed various lawsuits against Old Mutual after he was fired in mid-2019. In November last year, the Supreme Court of Appeal (SCA) denied Moyo leave to appeal a ruling by the South Gauteng High Court, which dismissed Moyo’s bid to sue the insurer for R250 million in contractual damages. Moyo approached the Constitutional Court in February this year.
Constitutional Court’s Decision
On Thursday, the Constitutional Court found that the “application for leave to appeal does not engage its jurisdiction.” “Consequently, leave to appeal must be refused.” The apex court dismissed the case with costs.
Previous Legal Actions by Moyo
Moyo had initially succeeded in his legal application for temporary reinstatement in mid-2019. However, Old Mutual managed to have that overturned on appeal. Moyo subsequently challenged that at the SCA but was unsuccessful. He then brought several other cases, namely an attempt to secure his reinstatement, as well as R250 million in damages, another to have the directors, including chair Trevor Manuel, be declared delinquent, and one to have the directors be declared in contempt of court.
He later consolidated his cases against the directors into a single case, which was heard by a full bench of the high court in November 2021. That matter was dismissed in May 2022. He never applied for leave to appeal that decision.
Full Story Source: Ex-CEO Peter Moyo loses last-ditch bid in R250m case against Old Mutual