Greed Corruption and Transparency
Sometimes living in Zimbabwe is like living in a mental asylum where the inmates are in charge. Just yesterday we learned that the Chief Executive of a local medical aid society (PMAS) has been paying himself US$200 000 a month. In all the top 8 executives in this cash strapped, highly indebted institution, that is months behind in paying the medical profession that serves its members, over US$1 million a month in basic salaries. This implies that their total packages may be worth significantly more than this.
This news was accompanied by a story that the Board of the PMAS was going to "slash" his salary to US$60 000 a month - in itself an outrageous amount for a small organisation that cannot pay its way. In fact just recently we discovered that the State Broadcasting Corporation was paying its CEO a package of US$40 000 a month and that sparked outrage across the country as the ZBC had not paid its staff for months. I am told that this state of affairs prevails across the Board in Government institutions and parastatals.
We are a very poor country with a GDP of about US$16 billion - that's about $100 a month for the average person. Here we have one individual paying himself 2000 times that as a basic wage! How do the guys at the bottom on less than $30 a month (over half the population) think about that? I know there is an outcry about the salaries and bonuses of Executives of banks in Europe - but they are dealing with organisations that employ hundreds of thousands and turnover billions on a daily basis. They also carry risk and must bear responsibility for decisions that affect whole countries - not some upgraded administrator in a tiny organisation that is in the service sector and is simply collecting fees and paying for medical services.
But this is the tip of the iceberg, just drive around the wealthy suburbs of Harare and you would think you were in Hollywood - not some low income, Fourth World State where half the population is close to starvation. Where are our socialists in all this, who is working for a more equitable world? The answer is very few. Africa, the poorest continent in the world, has created many billionaires - most of them live in a murky world of clandestine deals and trades. Oprah Winfrey may well be challenged for the top spot as the wealthiest woman in the world by the daughter of the President of Angola although her wealth and status is unlikely to see the light of day anytime soon.
Then there is the scourge of corruption in Africa. There is corruption everywhere but no other continent has been infected by this particular disease on such a scale and in proportion to its wealth and production. Transparency International estimates that corrupt transfers out of Africa far exceed the total value of all foreign aid to the continent (AID is about US$40 billion a year). Others estimate that the leadership of Angola misappropriates a third of gross oil receipts. In a recent scam in Nigeria one company was responsible for the theft of $6,9 billion in oil revenues. Even on a global basis these are staggering sums of money.