"South Africa Proposes to Amend Racial Quotas Blocking Starlink in Country"
The South African government published a draft regulation Friday allowing foreign companies to meet a 30% quota of black ownership through “equivalents” such as investing in projects aimed at economic equality.
The proposal is widely viewed as an attempt to remove a key hurdle that has prevented Elon Musk and his Starlink satellite Internet company from entering the South African market because of Musk’s white race.
Musk has stated on numerous occasions that he is prevented from doing business in his native South Africa because he is not black. What he means is that unless his company has 30% black ownership under South Africa’s Black Economic Empowerment (BEE) laws and regulations, it cannot operate. Musk would have to sell a 30% stake to a black investor; in South Africa, such stakes are typically given to ruling party members. [ed: classic commie-oligarchs]
Rich.
Fact is: Blacks of South Africa need Whites of South Africa, or else there's nothing there to confiscate.
Lots of stories where they confiscate farms....."wait! they seized them legally with zero compensation! you can't call that confiscation!" says USA lib media 🙄 ......... but anyway......... farm fails & produces nothing, because new South Africa Black owner had no idea what work that farm was or how to do it.
Me, I want race-blind society with race-blind property rights, Free Speech & Honest Elections to repair abuses.
