#Firstpost Elon Musk’s SpaceX Seeks Exemption from South Africa’s Black Ownership Law | Firstpost Africa | N18G
In South Africa, SpaceX founder Elon Musk is seeking an exemption from the country’s black ownership rules. The laws require foreign companies to cede at least 30% local ownership to historically disadvantaged groups, primarily black South Africans. Musk, who was born in Pretoria, has called the policy “openly racist.” Starlink, which is owned and operated by SpaceX, is already available in 17 African nations, but its expansion has been halted in South Africa. SpaceX has proposed an equity-equivalent programme, similar to one used in the automotive industry, where companies can invest in local businesses and infrastructure instead of giving up ownership.
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