Malema Links Starlink's South Africa Entry to BEE Compliance

South African politician Julius Malema's recent speech has sparked debate about the implications of Broad-Based Black Economic Empowerment (BEE) regulations on foreign investment. Speaking live at the Mmenara Sports Ground in the Free State on May 25th, 2025, Malema addressed the potential entry of Elon Musk's Starlink into the South African market. He asserted that Starlink's entry is contingent upon meeting the 30% BEE compliance requirement. Malema clarified that this requirement is not merely about benefiting a single individual but rather about ensuring that Black South Africans receive a substantial share of the economic benefits. "The 30% must go to Black people as much as possible," Malema stated, emphasizing the importance of benefiting from the nation's economy. This statement has raised questions about the balance between attracting foreign investment and promoting Black economic empowerment in South Africa. The video provides a valuable record of this significant political statement and its potential impact on South Africa's economic landscape.