Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Malawi president agrees 30% pay cut

28 September 2012, 15:57

Blantyre - Malawian President Joyce Banda will take a 30% pay cut as part of a broader effort to get the country's budget under control, a top government official revealed on Friday.

"In support of the austerity measures, the president and the vice president have voluntarily decided to reduce their monthly salaries by 30% with immediate effect," Vice President Khumbo Kachali said, launching a fresh economic recovery programme.

The president earns on average $5 000 (R41 300) per month, but will now take home around $3 500 (R28 910). The vice president earns $4 000 (R33 040), and will take home $2 800 (R23 128).

Since coming to power in April, Banda has embarked on a series of reforms designed to fix Malawi's battered economy, which has been hit by fuel shortages and dwindling foreign currency reserves.

She has won the support of international donors through an economic strategy to help stabilise the weak agriculture-powered economy where half of the 14 million population live on less than a dollar a day.

Donors, who back-stop 40% of the development budget, have been pressuring Malawi to cut expenditure, including local and international travel.

Banda has been criticised locally for picking a 40-member delegation to the United Nations general assembly where her cash-strapped government will spend more than $1m on travel and other expenses.

International worries about the previous government's policies and authoritarian tendencies led donors, including former colonial power Britain as well as the United States, to cut off aid last year.



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...