South Africa’s Communications Minister Solly Malatsi is under fire for his proposal to amend local equity laws, with critics suggesting that the changes could favor foreign tech giants such as Starlink. Khusela Sangoni Diko, who heads the communications committee, has voiced concerns that the proposed amendments could derail transformation objectives. Currently, South Africa mandates that companies seeking licensing must have 30% ownership by historically disadvantaged groups, a requirement that could impede Starlink’s entry into the market. The debate over these potential changes comes at a time when the tech industry in South Africa is poised for growth, with increasing interest from international players like Starlink. Stay tuned for more updates on this developing story.
Posted in
JUST IN
South Africa’s Minister Faces Backlash for Proposing Equity Law Changes Benefiting Foreign Tech Giants like Starlink
In Trend
Israel expands control in Gaza, holds over 50% territory, raises displacement concerns.
