While an ordinary Zimbabwean worker earns US$250 per month, Premier Service Medical Aid Society (PSMAS) Chief Executive officer, Cuthbert Dube is getting a whooping US$230,000 per month.
After Mr Dube, the next two top earners, according to the documents, were the group finance manager, a Mr E. Gwinyai (no longer with the PSMAS), who earned a basic salary of US$200 000 a month, and group operations executive Mr Enock Chitekedza (US$122,000).
Eight other senior directors were earning a basic salary of US$60 000 every month. Three other middle managers were paid US$30 000, US$22,000 and US$15 000,00 each. This brings the monthly wage bill of the top 14 to just nearly US$1,1 million. Everyone else at PSMAS earns a combined US$900,000, the documents show.
Such extremely shocking and high salaries come amid revelations that the society is struggling to service its US$38 million debt. The medical society has been black-listed by medical service providers for its reluctance to pay for services rendered to its members. Inversely, patients with PSMAS membership are required to pay cash up-front to get treated.
This arrangement defeats the prudent need for anyone to subscribe for medical aid when it cannot work for them, but to create an earthly paradise for selfish executives who are given the mandate to run the affairs of the memberships.
Information gathered by State media reveals that PSMAS purchased a house in the Harare's upmarket subur, Glen Lorne, for around US$534 000. It could not be immediately ascertained whether the house was bought through a loan advanced to Mr Dube or was part of his package as group CEO.
Government through Ministry of Health and Child Welfare monitors and regulates medical aid societies' operations. It licences them to operate as societies and has the mandate to de-register them when they fall short of requirements.
PSMAS is the biggest and oldest society in Zimbabwe catering for more than 600,000 people, the majority of whom are in the civil service and uniformed forces.
Dube has been the at the helm of PSMAS since 1992 when he was appointed the Chief Executive Officer of the Premier Service Medical Aid Society. Dube joined the old Public Service Medical Aid Society in 1986 as an Internal Auditor and he rose through the ranks until he became the CEO of the society.