Funny enough, I do believe our BEE laws in South Africa should be scrapped. According to our news he offered to pay 26% in royalties, like Google does for example in South Africa, but did not agree to give away equity. The BEE laws are basically a way for politically connected ANC members to get a slice of the pie, does not one bit help the majority of people here.
Look Elon is a shit, but even a broken clock is right twice a day. There also needs to be empowerment laws, I say to poor citizens not based on any race laws, even though the majority of extremely poor people are black, coloured indian, mixed…, but not ones that mostly filter to the politically connected like the current BEE laws favour.
I admit it is not royalties, it’s called something else not sure what, word that came to my mind. But basically an equivalent of paying similar money but without giving away equity or ownership.
It is called equity equivalents, this is where you don’t give away equity but basically still pay as if you are, hence I admit royalties are maybe not the right word but for my it is similar. Unlike other international tech companies like Google or Microsoft in our country that pays equity equivalents, the telecommunications requirements are equity or slice of your business.
There doesn’t seem to be a reliable source one way or another. The South African reported he was denied a liscence because of the black ownership laws while Newsweek says there was never a public liscence application filed. It’s possible the royalities offer was given privately and rejected, this is most likely since Starlink does pay for liscenses based on service in other African countries.
Funny enough, I do believe our BEE laws in South Africa should be scrapped. According to our news he offered to pay 26% in royalties, like Google does for example in South Africa, but did not agree to give away equity. The BEE laws are basically a way for politically connected ANC members to get a slice of the pie, does not one bit help the majority of people here.
Look Elon is a shit, but even a broken clock is right twice a day. There also needs to be empowerment laws, I say to poor citizens not based on any race laws, even though the majority of extremely poor people are black, coloured indian, mixed…, but not ones that mostly filter to the politically connected like the current BEE laws favour.
I live in SA. Care to back up the royalties claim?
I admit it is not royalties, it’s called something else not sure what, word that came to my mind. But basically an equivalent of paying similar money but without giving away equity or ownership.
It is called equity equivalents, this is where you don’t give away equity but basically still pay as if you are, hence I admit royalties are maybe not the right word but for my it is similar. Unlike other international tech companies like Google or Microsoft in our country that pays equity equivalents, the telecommunications requirements are equity or slice of your business.
There doesn’t seem to be a reliable source one way or another. The South African reported he was denied a liscence because of the black ownership laws while Newsweek says there was never a public liscence application filed. It’s possible the royalities offer was given privately and rejected, this is most likely since Starlink does pay for liscenses based on service in other African countries.