Musk's Starlink Could Sidestep South African Equity Rules Under Deal Aimed At Calming Relations Ahead Of Trump Meeting: Report

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Musk's Starlink Could Sidestep South African Equity Rules Under Deal Aimed At Calming Relations Ahead Of Trump Meeting: Report - Benzinga

Quick Summary:

South Africa is likely to offer Elon Musk a regulatory workaround for Starlink to soften tensions ahead of President Cyril Ramaphosa's meeting with President Donald Trump.

The proposal would be a workaround that allows Starlink to bypass traditional Black Economic Empowerment (BEE) requirements by presenting it as infrastructure investments or rural connectivity projects instead of direct equity transfers, Bloomberg reports.

What Happened: A meeting was reportedly scheduled for Tuesday night between South African officials and Musk or his representatives, hoping to smooth relations before Ramaphosa visits the White House.