South Africa is prioritizing a policy-review process that may result in Elon Musk’s SpaceX and other satellite-internet companies being allowed to operate in Africa’s largest economy without ceding ownership, the nation’s telecoms minister said.
The Department of Communications and Digital Technologies is assessing 19,000 public submissions on a proposal to amend the nation’s Black-economic empowerment regulations. The aim is to determine whether info-tech companies can operate in the country using equity-equivalent programs, instead of a 30% Black-ownership requirement.