South Africa Denies Easing Black Ownership Laws Favoring Musk's Starlink
South Africa Denies Easing Black Ownership Laws Favoring Musk's Starlink | N18G
South Africa Denies Easing Black Ownership Laws Favoring Musk's Starlink | N18G
South Africa may change its v (BEE) rules, potentially allowing Elon Musk's Starlink to operate without meeting local ownership requirements. The move, proposed by Communications Minister Solly Malatsi, offers foreign companies an "equity equivalent" option—investing in infrastructure or Black-owned businesses instead of giving up shares. Critics say the timing—just after President Ramaphosa's meeting with Donald Trump—is suspicious, accusing the government of bowing to U.S. pressure. The proposal has sparked political backlash, with some warning it undermines efforts to correct apartheid-era inequality. Musk, born in South Africa, has called BEE laws racist.
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