
South Africa has reaffirmed its commitment to strict black ownership regulations in the face of widespread speculation concerning a potential deal with the satellite internet provider, Starlink. The government emphasized that these rules are integral to promoting economic transformation and ensuring that the benefits of new technologies are shared inclusively among historically disadvantaged communities.
Officials reiterated that any partnership or business agreement involving foreign companies like Starlink must comply with the country’s legislative framework on black economic empowerment (BEE). This framework is designed to increase participation from black South Africans in various sectors, particularly those involving advanced technology.
Key Points on South Africa’s Position
- Black Economic Empowerment Compliance: All foreign entities must adhere to BEE requirements.
- Equitable Shareholding: Ensuring fair ownership stakes for black South Africans in partnership deals.
- Inclusive Growth: Using technology investments to advance socio-economic inclusivity.
The clarity provided by the government is intended to dispel rumors about the specifics of the Starlink deal, emphasizing that negotiations remain confidential and subject to regulatory approval. This firm stance underscores South Africa’s broader mission to balance technological advancement with social equity goals.