South Africa’s Minister Faces Backlash Over Proposed Equity Law Changes Favoring Foreign Tech Giants like Starlink

South Africa’s Communications Minister Solly Malatsi is under fire for his proposal to amend local equity laws, a move that could favor foreign tech giants such as Starlink. The proposed changes have drawn criticism from Khusela Sangoni Diko, who heads the communications committee, suggesting that the alterations could impede the country’s transformation objectives. Currently, South African regulations mandate that companies seeking licensing must have 30% ownership by historically disadvantaged groups, a requirement that could potentially block Starlink’s entry into the market. The debate over these proposed changes highlights the ongoing tension between promoting local empowerment and attracting foreign investment in the tech sector.

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