OM/Moyo feud re-ignites; SAA stop-sell lifted; Duduzane muddies Pakistan’s waters
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In today's business headlines:
- The Battle between Old Mutual and its sacked Chief Executive Officer Peter Moyo is not over yet after Moyo filed an urgent court application for an appeal which suspends the company's recruitment drive for a new CEO;
- South African Airways received a boost as insolvency cover by Travel Insurance Consultants and Bryte Insurance Company have reinstated insolvency cover on SAA tickets while Flight Centre lifted its stop-sell;
- The name of Duduzane Zuma, the son of former President Jacob Zuma has popped up in a probe in irregularities at Pakistan’s top bank. The Habib Bank’s UAE operation is alleged to have skirted rules when they opened an account for Zuma Junior; and
- President Cyril Ramaphosa’s ambitions of trimming the state’s wage bill to get the nation’s shaky finances under control have run into opposition from the outset with Cosatu. 30,000 jobs and a three wage freeze is proposed by the Government.
- The Battle between Old Mutual and its sacked Chief Executive Officer Peter Moyo is not over yet after Moyo filed an urgent court application for an appeal which suspends the company's recruitment drive for a new CEO;
- South African Airways received a boost as insolvency cover by Travel Insurance Consultants and Bryte Insurance Company have reinstated insolvency cover on SAA tickets while Flight Centre lifted its stop-sell;
- The name of Duduzane Zuma, the son of former President Jacob Zuma has popped up in a probe in irregularities at Pakistan’s top bank. The Habib Bank’s UAE operation is alleged to have skirted rules when they opened an account for Zuma Junior; and
- President Cyril Ramaphosa’s ambitions of trimming the state’s wage bill to get the nation’s shaky finances under control have run into opposition from the outset with Cosatu. 30,000 jobs and a three wage freeze is proposed by the Government.
