South Africa Drops 30% Black Ownership Rule for Musk's Starlink | Firstpost Africa | N18G
South Africa is modifying regulations for Elon Musk's Starlink, allowing foreign satellite firms to bypass the previous requirement of 30% ownership for marginalized groups. Instead, these companies can satisfy empowerment criteria through "equity equivalent" programs like training and infrastructure support. This policy shift arises amid tensions, as Musk criticized South Africa's ownership laws as racist, prompting a rebuttal from the government. While officials argue the change aims to improve connectivity for underserved areas, internal backlash persists, particularly from the ANC, which claims the Communications Minister lacks authority to alter ownership rules. Ongoing concerns revolve around national security implications of Musk controlling Starlink.---
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