Just a bit of South African context. In South Africa, in order to get a telcoms licence, you have to comply with BB-BEE (Broad Based Black Economic Empowerment) requirements. Basically, you have to sell 30% (soon to be 51%) of your company to a local black owner. This is in addition to DEI requirements for employment.

For most businesses, these requirements are not mandatory to exist or operate, but gives you a bidding advantage for government contracts. For example, Microsoft, amazon and Temu can operate here, because they dont need any special licences. But for some sectors, companies need to aquire a license.

It can be argued that such legislation was necessary to incentivise business to diversify their employment and ownership to those previously excluded.

BUT, the way it is implemented, there is a huge emphasis on black ownership for various sectors. What will basically happen is a business needs to acquire a license from a government department. These licenses would only be granted if you give ownership of your company to the "appropriate" investor. Invariably someone connected to the government. They determine the price and basically get gifted portions of companies.

So what has basically happened is that this legislation only effective portion these days, is to enrich the politically connected.

So basically Elon is not wanting to pay the bribes necessary to get the required license to operate.

I Hate the buffoon, but on this he is correct.

I wonder why nobody (you know what) did it yet.

No, you don't understand. He's rich and white, so he shouldn't be subject to those pesky regulations.

That's how it works in the US, so obviously that's how it should work in South Africa too.

Only thing poor about him is his genetics

It became painfully clear since last year why he bought Twitter. He's not trying to make a profit. He wanted a place where he and his cronies could freely and widely spread misinformation. He'll gladly throw more and more money at it because he knows whatever money he loses running Twitter, he's getting back through brainwashing people to do his bidding for him.

Black, white, doesn’t matter. He should however be dead.

it's like this with almost everything

it's amazing how you can break almost everything down into terms a neanderthal can understand and the short sighted conservative will break from their script

but breaking down simple concepts can be so overwhelming... and the right takes your exhaustion as an expression of failure.

it's a never ending battle

Regulating your telecoms sector is WOKE!!!

Isn't this stupid fuck FROM South Africa? The levels of shit here I swear to god.

Throw his Nazi ass in jail

Does this mean they won't take him back now?

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.

He just drumming up his nazi base who have no idea of the multiple levels of irony.