Ramaphosa Meets Musk, Discusses Investment Opportunities in South Africa as Starlink Expands Across Africa

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Business समाचार

Starlink,Elon Musk,South Africa

South African President Cyril Ramaphosa met with Elon Musk at the United Nations General Assembly to discuss investment opportunities in South Africa. Meanwhile, Starlink, Musk's satellite internet constellation, is expanding its reach across Africa, now available in eight countries including eSwatini, Botswana, Mozambique, Nigeria, and Zambia.

Starlink is currently available in at least eight African countries, including eSwatini, Botswana, Mozambique, Nigeria, and Zambia.President Cyril Ramaphosa met with South African-born American billionaire Elon Musk at the United Nations General Assembly in New York.

According to the Presidency, Ramaphosa and the Tesla owner discussed investment opportunities in South Africa.Starlink is a satellite internet constellation operated by Musk’s SpaceX, providing fast and reliable internet through Low Earth Orbit satellites. This could be a game changer for rural areas where fast internet connections are limited.Speculation had been rife that Starlink was not yet available in South Africa due to the country’s BEE regulations.

“Our efforts to promote South Africa as a favourable investment destination continue to yield positive benefits. “South Africa and Africa is ripe for investment in financial services, advanced manufacturing, energy, healthcare, infrastructure development, mining, science and technology and other sectors.“With substantial reserves of critical energy transition minerals, we are positioning ourselves to be at the forefront of the green energy revolution.”

Ramaphosa said the country has now set a new investment target of approximately R2 trillion or approximately USD 100 billion over the next five-year period up to 2028.UN Security Council ‘no longer fit’ – Ramaphosa calls for reform

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