Black Economic Empowerment

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Malatsi directs Icasa to bypass BEE equity rules for foreign investors

South Africa's Minister of Communications, Solly Malatsi, has issued a policy directive to the Independent Communications Authority of South Africa (Icasa) to align its regulations with national codes, allowing multinationals like SpaceX to obtain telecom licenses without selling equity stakes. This move recognizes Equity Equivalent Investment Programmes (EEIPs) approved by the Department of Trade, Industry and Competition (DTIC). The directive aims to facilitate investments needed to bridge the digital divide.

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