(iv) any other organisations that may be specified in an Act of Parliament; (b) without delay to report on the results of those audits to the National Assembly and the Minister responsible for finance; (c) to direct the taking of measures to rectify any defects in the safeguarding of public funds or public property; and (d) to exercise any other function that may be conferred or imposed on the AuditorGeneral by or under an Act of Parliament. (2) In the exercise of his or her functions, the Auditor-General is not subject to the direction or control of anyone except the National Assembly. 237 Matters to be provided for in Act of Parliament An Act of Pa3rliament may provide for– (a) the appointment of persons to assist the Auditor-General in the exercise of his or her functions; (b) the conditions of service of the Auditor-General and the persons appointed to assist him or her; (c) generally, the safeguarding and control of the assets and finances of the State and of all organs or agencies of government, including local government. 238 Procurement (1) An Act of Parliament must provide for the establishment and functions of a board or other body to– (a) conduct procurement of goods and services on behalf of Ministries, Departments and other agencies of the State; (b) control and supervise the procurement of goods and services by Ministries, Departments and other agencies of the State; (c) select or supervise the selection of partners for joint ventures with the State or with organs or agencies of the State; and (d) exercise any other functions that are conferred or imposed on it by or under an Act of Parliament. (2) The procurement of goods and services by all Ministries, Departments and other agencies of the State and Government, including local government, must be done in accordance with a system that is fair, open, competitive and cost-effective. PART V RESERVE BANK OF ZIMBABWE 239 Establishment and object of Reserve Bank of Zimbabwe 1) There must be a central bank of Zimbabwe, to be called the Reserve Bank of Zimbabwe. (2) The primary object of the Reserve Bank of Zimbabwe is to protect the value of the Zimbabwean currency in the interests of balanced and sustainable economic growth. - 86 -

Select target paragraph3

Add to table of contents