Another twist to PSMAS saga


The Premier Service Medical Aid Society saga took another twist today when the board of directors dissolved itself. The board which said it was stepping down in the interest of the society, its members and stakeholders comprised: Luxon Zembe who was the acting chair; his deputy Newton Mhlanga; Moses Mtombeni; Secretary for Information George Charamba; Public Service Commission Secretary Pretty Sunguro; and Primary and Secondary Education Secretary Constance Chigwamba. The government had earlier announced that PSMAS should hold an extraordinary general meeting today but that was postponed because it had not consulted key players. The outgoing board said it had cleared outstanding issues and slashed huge salaries previously paid to PSMAS executives. “The board leaves the society reasonably satisfied that PSMAS, as a strategic health care insurer and investor in health care services through Premier Services Medical Investments (Pvt) Ltd (PSMI) has very bright prospects provided that the following interventions, among others are speedily instituted,” it said in a statement. PSMAS has been in the headlines following reports that its chief executive Cuthbert Dube was earning close to US$500 000 a month including allowances when the society was failing to honour its debt which at one time stood at US$38 million.


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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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