South Africa’s Communications Minister, Solly Malatsi, is under fire for his controversial proposal to amend local equity laws that could favor foreign tech giants such as Starlink. The proposed changes have sparked criticism from Khusela Sangoni Diko, the head of the communications committee, who believes that altering the current regulations could impede the country’s transformation objectives. Presently, South African law mandates that companies seeking licensing must have 30% ownership by historically disadvantaged groups, a requirement that could potentially pose a barrier to Starlink’s market entry. The debate surrounding these proposed amendments highlights the delicate balance between attracting foreign investment and ensuring the empowerment of marginalized communities within the country’s tech sector.
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South Africa’s Communications Minister Under Fire for Proposing Changes to Equity Laws Favoring Foreign Tech Giants
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