US Edition
South Africa Moves to Change Empowerment Law for Elon Musk’s Starlink
- South Africa is moving to ease telecoms black ownership laws days after President Ramaphosa met US President Trump in Washington amid tense talks.
- The government plans to allow equity equivalent programmes as alternatives to the 30 percent equity requirement for disadvantaged groups, aiming to address apartheid legacies.
- The Communications and Digital Technologies Ministry released a draft policy open for 30 days of public feedback that would enable multinational companies to fulfill empowerment requirements through investment initiatives and job creation efforts.
- The policy aims to establish clear and reliable guidelines to encourage investment in the ICT sector, with companies such as Microsoft and HP already utilizing equity equivalent programs within South Africa.
- This policy change may facilitate Starlink's South African market entry despite Elon Musk calling the current requirements "openly racist" and refusing ownership concessions.
53 Articles
53 Articles
Money, Money and More Money (and, Perhaps, Race): Why Elon Musk Criticizes the South African Government
The tycoon does not want Starlink, nor any of its companies, to submit to South African standards, which require 50% of the capital to be in the hands of blacks, mulattos, Indians, women or people with disabilities.
Law Change in South Africa Opens Doors for Musk and Starlink
South African government wants to change its law on positive wound care. It comes two days after President Cyril Ramaphosa met Elon Musk and Donald Trump at the White House. Without a requirement for black representation in the company board, Musk's satellite company Starlink can establish itself in the country.
InsideNoVA.com
S.Africa moves to ease black empowerment law under Starlink pressure
South Africa's government is moving towards easing its black ownership laws in the telecoms sector -- a policy change that would smooth the way for Elon Musk's Starlink to enter the local market.
Elon Musk's Starlink to SA? Minister reveals 'alternatives' to BEE
Minister of Communications and Digital Technologies Solly Malatsi has fuelled reports that South Africa is one step closer to granting Elon Musk’s Starlink an operating licence in the country, and effectively bypassing of Black Economic Empowerment (BEE) legislation. This comes days after President Cyril Ramaphosa led a delegation to the White House to address President Donald Trump, in a meeting also attended by Musk. According to reports, Rama…
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