Katzenellenbogen: The intricate dance of business and Govt in SA
The collaboration between big business and government begs exploration into why businesses embraced this initiative without prerequisites.
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The collaboration between big business and government begs exploration into why businesses embraced this initiative without prerequisites.
Starlink is the satellite internet provider owned by Elon Musk’s company, SpaceX. It can provide fast high-quality internet service to most places on earth. The company is licensed as an internet provider in many countries and is rapidly gaining regulatory approval in others.
The standoff between SpaceX and the government is causing SA to miss out on potential revenue, job creation, and other opportunities.
South Africa could be on the verge of an economic tipping point. Once the Expropriation Bill is passed it will give the government wide-ranging powers to seize property of all sorts. That is likely to set off immense uncertainty over the security of property rights. And with that, there could be a steep drop in private investment.
While President Ramaphosa assures that the expropriation bill will be used judiciously, Katzenellenbogen raises concerns.