PSMAS saga continues


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The Premier Services Medical Aid Society saga has taken another twist with reports that the organisation owes the Zimbabwe Revenue Authority US$40.6 million. According to today’s Herald, ZIMRA issued a garnishee order to banks on Monday but the order was reversed the same day after PSMAS paid US$2 million and offered ZIMRA an acceptable payment plan. PSMAS has been under the spotlight following revelations that its chief executive Cuthbert Dube earned US$6.4 million last year and together with his management they earned a staggering US$18.6 million. The organisation owed US$38 million to service providers at the time, though this has since been reduced. The paper said PSMAS’s top executives took home US$1.1 million out of the organisation’s US$2 million monthly wage bill.

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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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