South Africa denies trying to bend the rules to give Musk's Starlink preferential treatment
-
Under South African law, foreign-owned companies are required to sell 30% of their subsidiaries to shareholders who are Black, or from other racial groups disadvantaged under the former apartheid system of white minority rule, in order to acquire a license.
However, Communications Minister Solly Malatsi on Friday proposed easing the requirement, prompting criticism from various political parties. The proposed change would allow Starlink and others to fulfill their empowerment requirements through things like investing in skills development and job programs and striking deals with local suppliers.
The minister put forward the directive days after South African President Cyril Ramaphosa met with U.S. President Donald Trump at the White House, when Trump made baseless claims that white South African farmers were being systematically killed, raising eyebrows.
-
Under South African law, foreign-owned companies are required to sell 30% of their subsidiaries to shareholders who are Black, or from other racial groups disadvantaged under the former apartheid system of white minority rule, in order to acquire a license.
However, Communications Minister Solly Malatsi on Friday proposed easing the requirement, prompting criticism from various political parties. The proposed change would allow Starlink and others to fulfill their empowerment requirements through things like investing in skills development and job programs and striking deals with local suppliers.
The minister put forward the directive days after South African President Cyril Ramaphosa met with U.S. President Donald Trump at the White House, when Trump made baseless claims that white South African farmers were being systematically killed, raising eyebrows.
Not content with getting handouts for just one company and from just one government eh? That's like triple-double socialism.
-
Not content with getting handouts for just one company and from just one government eh? That's like triple-double socialism.
Billionaires will grift anyone they can get away with