Musk's Starlink Eyes 2 Billion Rand South Africa Investment
Billionaire Elon Musk's Starlink, in a potential workaround of South Africa's Black-empowerment rules to gain an operating license, may invest about 2 billion rand ($112.7 million) in the country, Business Day reported citing sources that it didn't identify.
The internet services company will channel that investment into infrastructure to support the Southern African Development Community made up of 16 countries, the Johannesburg-based newspaper said. Starlink told the South African government it will use local firms to build its infrastructure and lease land, fiber, energy as well as for security and maintenance support.
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