
Government hasn't put enough points on the scoreboard - OM's Khaya Gobodo
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After a turbulent period in which Old Mutual shares fell sharply because of its protracted battle with Peter Moyo; the insurer managed to get a favourable outcome from courts this month when it was granted permission to sever ties with its former chief executive officer. Old Mutual sacked Moyo citing a material breakdown in trust and confidence and barred him from its offices. There was also an embarrassing incident when an unhappy Kwazulu-Natal family brought a body of a loved one in a bag to an Old Mutual branch to settle a funeral policy. Old Mutual's Managing Director for Wealth and Investments, Khaya Gobodo told Biznews at Davos in Switzerland that the company was now able to look forward. Referring to the government's investment drive at Davos, Gobodo says the rate of change is too slow. Policy articulation is better under Ramaphosa... but the government is far behind in execution." - Linda van Tilburg