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South Africa Considers Special Deal for Musk's Investments

2/11/2025

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Summary

Story summary

The South African government is considering a unique path for Elon Musk’s companies, potentially allowing them to invest without the usual Black empowerment regulations. Instead, they may adopt an “equity equivalent” model, enabling Musk’s firms to give back socially, such as offering free internet to schools. This initiative stems from Musk's recent discussions with President Cyril Ramaphosa at the UN General Assembly.

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Story summary

The South African government is considering a unique path for Elon Musk’s companies, potentially allowing them to invest without the usual Black empowerment regulations. Instead, they may adopt an “equity equivalent” model, enabling Musk’s firms to give back socially, such as offering free internet to schools. This initiative stems from Musk's recent discussions with President Cyril Ramaphosa at the UN General Assembly.