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PSMAS has no operating licence

The Premier Services Medical Aid Society does not have a valid operating licence raising questions about how it has been running over the past six weeks. Acting Health Minister Douglas Mombeshora said PSMAS’s licence was not renewed at the end of December 2013 after the society failed to submit audited financial statements. PSMAS has been mired in a salary controversy which revealed that its chief executive earned US$6.4 million last year when the society was failing to pay a debt of US$38 million. The government has ordered the society to hold a special general meeting this Friday to dissolve the board and pave way for the issuing of a licence. It said PSMAS must publish a notice to all members notifying them of the special general meeting by Wednesday.

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