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 Jimmy   Manyi  was re-elected as president of the BMF. Pic: MARIANNE SCHWANKHART. 08/10/2009. © The Times.
Guptas sell The New Age and ANN7 to Manyi

The Guptas have agreed to sell their shares in The New Age newspaper and ANN7 channel to Lodidox‚ ow.

Money law gets overhaul

By unknown | 2008-08-07 00:00:00.0

Anna Majavu

Anna Majavu

Civil society organisations have come out against a new law that changes the manner in which the national budget is eventually drawn up.

The Draft Money Bill Amendment Procedure and Related Matters Bill allows Parliament to amend the budget after it has been drawn and tabled by the National Treasury.

Mfanafuthi Tsela of the People's Budget Campaign yesterday said they would prefer the annual budget to be negotiated in the National Economic Development and Labour Council (Nedlac).

"Unions and civil society want to be directly involved in planning how South Africa's money is spent," he said.