Malawi’s President Peter Mutharika has announced that he and his cabinet will take a 10% salary cut in order to redirect the money towards the fight against the coronavirus.
Malawi's President Peter Mutharika has announced that he and his cabinet will take a 10% salary cut in order to redirect the money towards the fight against the coronavirus.
Image: ReutersMutharika also ordered the country's tobacco markets to be opened and allowed to operate without disruption to protect small farmers and bolster foreign currency receipts.Malawi’s President Peter Mutharika has announced that he and his cabinet will take a 10% salary cut in order to redirect the money towards the fight against the coronavirus.
He also announced a number of measures aimed at assisting small and medium-sized businesses, including tax-breaks, a reduction in fuel prices and an increase in risk allowances for health workers.Mutharika also ordered tobacco markets to be opened and allowed to operate without disruption to protect small farmers and bolster foreign currency receipts. Tobacco is Malawi’s chief foreign currency earner.
“The coronavirus attack has a huge negative impact on the economy and businesses everywhere. There are many business people and industry players who are uncertain about the situation as it is unfolding. I know that everyone is worried,” he said. “Therefore, government will take measures to protect jobs and incomes, protect businesses and ensure continuity of the supply chain and the survival of the economy.”
Mutharika also directed the Reserve Bank of Malawi to allow banks to offer a three-month moratorium on interest payments on loans to small-and medium-sized businesses, among other measures. He also ordered strict monitoring of price controls at all stores.
Malawi only has four cases of COVID-19, but the government has already ordered all non-essential workers to work from home with immediate effect until further notice.In the video below, is an interview on Malawi’s first COVID-19 cases:The President also directed the central bank to “cushion the foreign exchange market to ensure availability of forex of the foreign exchange rate,” and work on an emergency liquidity assistance framework to support banks in the event of worsening liquidity conditions.
The government will also increase loans under the Malawi Enterprise Development Fund that will help micro, small and medium scale businesses that have been seriously affected by the pandemic to 15 billion Malawi kwacha ($20.69 million) from 12billion kwacha.Read more: SABC News Online »
That's what we call leadership Yes good opinion 👏👏👏 It means they earn a lot if their individual 10% contributions will make a noticeable impact on the Corona budget . I think even here I our country that should apply CyrilRamaphosa PresidencyZA can you follow suit? Well done Mr President Best decision made
Ay here in SA they don't care about that, bladi looters! This will inspire Naledi Chirwa That's leadership SA must follow... That is true leadership unlike being worried about their net worth. They truly know the definition of GOVERNMENT. He is Tipex-ing Malawians didn't forget about election Old like this😲..... this 30%nter is crazy to keep holding on to presidency🤷♂️🤭😒
There are more than 29 000 goverment officials that get(not earn) more than a million p.yr. The top paid 40 000 goverment officials should be subjected to a 30% salary cut Same must apply across the whole world. ntsikimazwai The only politician who can do that is the one who knows how to control and manage corruption.
Ramaphosa and his cabinet must follow suit. He looks like he should have long retired.... They then must earn very large salaries fot it not to be empty tokenism. 10% only CR and his cabinet crooks will never Thapz19 Hhawu natidli letiphetse tsine shwele kungawa lilanga Shem😤😤 Leadership What % is our president cutting on his salary and the cabinet 🙏? And what donations is he making since he’s also a billionaire 🤔?
I DM'd him a while back regarding such steps Can bo MbalulaFikile follow in this footsteps Bravo setting good example for other greedy president Ramaphosa and his cabinet left the group..... NEVER in South Africa lol... We have the greediest bunch CyrilRamaphosa wakey wakey Other country's presidents are more serious
Leadership Big thief MYANC 😆 10% of what? Ramaphosa is your cabinet doing the same 🤣 What about mzansi😂😂 He lying , he already steals money from the government . That's good news Mr President Well Done Mr President... Why this is news? Leadership! Can our cabinet and MPs do the same here! I doubt. PresidencyZA
Kudos2u used2lead Africa in setting example of humane leadership,now we r being led by those we used2lead.I remembr a time Mandela gave up his full salary.What happened2us.I get the impression Africa's leaders hav no confidence in our current leadership Bravo Mr President 👏👏👏 Is he still a president ....what Malawi court said or I'm confused
CyrilRamaphosa Mr sir please bless SA in this way Leadership, what about our greedy cabinet presidencysa GoitseKakapa CyrilRamaphosa Good move thanks mr president thank you very much setting a good example in Africa. CyrilRamaphosa wouldn't do that yet he's a billionaire and black majority is dying in hunger under him, worse is coming
Watch South African cadres act like this never happened😂😂😂😂 10% is a denomination to the pple of malawi or an offering to church? CyrilRamaphosa Only 10% he must make it 50 percent politicians are corrupt they can still survive Respect👏 CyrilRamaphosa Here in SA public workers are not getting an increase but tax will increase .that time I'm a public health worker.I feel used.😐
He knows exactly where he's going to recoup that 10% from. That's great Great initiative! And how much less stealing will he do. CyrilRamaphosa its not so much your salary, but the enormous theft that goes with it. Legal in your eyes and the eyes of those stealing with you Leadership right there!
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