JOHANNESBURG - There’s growing debate around South Africa’s Black Economic Empowerment laws, with some calling out double standards from high-profile business figures.
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Elon Musk, the South African-born business mogul, is advocating for TikTok to be owned by an American company, while here in South Africa, he’s pushing back against the 30% BEE requirement for his company, Starlink.
With the BEE laws under scrutiny, what does this mean for South Africa’s economy and the ongoing efforts to redress historical imbalances?
Kganki Matabane, a member of the BEE Advisory Council discussed this with eNCA.