Elon Musk won't pay bribes to ANC cronies - so SA to miss out on Starlink's cheap, fast internet broadband from space

Loading player...
Elon Musk's Starlink, the high-speed, low-cost internet access offering from space, won't be coming to South Africa. The reason, says tenacious SA opposition politician Dianne Kohler-Barnard, is the ANC demands that to be licenced, Starlink must first give 30% of the local company to politically connected cronies under the guise of Black Economic Empowerment. That's a demand that Musk, who was born and raised in Pretoria and still has family in the country, refuses to countenance. This was admitted by the ANC in Parliament, prompted by Kohler-Barnard, the DA's Shadow Minister of Communications. So while the rest of Africa stands to leapfrog into the digital age through Starlink's cheap, fast, universally accessible bandwidth from space, ANC policy will stop South Africa from participating. Kohler-Barnard spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
26 Apr 2023 11AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min