The much-awaited NSAA Audit Report has revealed that the parastatal’s housing and vehicle loan schemes were abused.
According to the company’s Human Resources Management Guidelines, the housing loan benefit entitlement is capped at 3.5 times the annual basic salary.
However, these guidelines were flouted in the case of Daisy Madume, Personal Assistant to the General Manager. The report reads:
Ms Daisy Madume, a Personal Assistant to the General Manager, benefited more than her entitlement based on her salary as of February 2018.
Based on her February 2018 monthly basic salary of US$3 500, her housing benefit should have been capped at US$147 000 yet she was availed a loan amounting to US$189 000.
She used the credit to purchase a house costing US$151 291 and had a balance of US$37 710 to spare.
The loan benefit was calculated at 4.5 times the annual salary instead of the approved 3.5.
The loan was recommended by the General Manager, Ms Chitiga and approved by Mr Matongera.
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