- 40
but shall not vote on any matter:
Provided that the person presiding at any meeting may, for good cause, require the
Postmaster General or the Deputy Postmaster General to withdraw from such meeting.
Other staff
of Malawi
Posts
79. —(1) The Board of Malawi Posts may appoint such other staff, subordinate to the
Postmaster General, as the Board deems necessary for the discharge of the functions of the
Malawi Posts under this Act.
(2) The Postmaster General shall have the power to appoint staff of such junior ranks as the
Board of Malawi Posts may specify.
(3) The Board of Malawi Posts may pay to the persons in the employ of Malawi Posts, or
provide them with, such remuneration, allowances, pensions, gratuities and other employment
benefits as the Board may, after having obtained such professional advice as it may deem fit,
consider as being competitive in the employment market in Malawi.
80. —(1) The funds of Malawi Posts shall consist of—
Financing of
Malawi Posts
(a) such sums as may be appropriated by Parliament for the purposes of Malawi Posts;
(b) such moneys or other assets as—
(i) shall vest in Malawi Posts by virtue of section 83;
(ii) may accrue to or vest in Malawi Posts by way of grants, subsidies, donations,
bequests, gifts, subscriptions, rents, interest or royalties, from the Government or any
other person;
(c) such sums as are derived from the sale of any property by or on behalf of Malawi
Posts;
(d) such sums as Malawi Posts may charge in respect of its services.
(2) Malawi Posts may, subject to any directions of a general nature which may be given to
the Board by the Minister of Finance, invest such part of its funds as are not for the time
being required for the purposes of its operations.
(3) Subject to the Finance and Audit Act, Malawi Posts may borrow money for the purposes
of Malawi Posts—
Cap. 37:01
(a) by the issue of loan stock on such terms may be approved by the Minister of Finance;
(b) by way of overdraft or credits in Malawi or abroad with the approval of, and subject
to such limitations as may be imposed by, the Minister of Finance.
81. —(1) Malawi Posts shall keep proper books of accounts and Account and other records
relating to its accounts.
(2) The accounts of Malawi Posts shall—
(a) be audited annually by independent auditors appointed by the Board of Malawi Posts
and approved by the Minister;
(b) be examined by the Auditor General before being presented to the Minister in
accordance with section 82.
Account and
audit