Category: Economy - Sable Lodge Daily News

SARS and Police Target Durban Mogul Shauwn Mkhize in Revenue Clampdown

Nov 27 2024 • Posted in: Economy

Shauwn Mkhize, a prominent businesswoman from Durban, found her assets under scrutiny as the South African Revenue Service (SARS) and police launched a raid on her home. This move is part of a campaign to confront tax evasion and secure the nation's economy. Mkhize's tax liabilities reportedly range from R37 million to R40 million. SARS is determined to enforce compliance, urging that all citizens abide by tax laws.

Nigeria Labour Unions Launch Nationwide Strike Over Minimum Wage Dispute and Electricity Tariff Increases

Jun 3 2024 • Posted in: Economy

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have initiated an indefinite nationwide strike starting June 3, 2024, to demand a new minimum wage and reverse electricity tariff hikes, contending government's offer of N60,000 against their demand of N494,000 per month. The government, however, calls the strike illegal and warns of potential public hardship and political instability.