Elon Musk offered to pay for high-speed Internet for 2.4 million South African school students

[JerryMungo]

Well that is not the same as they are forced to give away 30% of their company and they have no other choice. And do work with local partners around the world including Reliance in India.

It’s still a retail agreement. All clients are Starlink clients. Starlink will still need retail and peering partners in SA if they operate with their preferred model.

And let's not beat around the bush here. It is not if the US don't impose restrictions on foreign ownership and control for some telecom companies via the FCC. E. G. Direct foreign ownership of more than 20% of mobile radio licenses are restricted. The US even ban Tiktok from operating in the US directly.

Nothing to do with SA

And even if all this is true Spacex can create a local subsidiary spacex South Africa which it does an empowerment deal which the banks fund. At a maximum they only need to do 30% of the *South African* business even if you decids to do it the most difficult way possible . So this "30% of SpaceX" is true and utter garbage. No law requires 30% of Spacex total shareholding.

ICASA’s rules under the ECA apply exclusively to the local license holder. SpaceX would only need to dilute 30% of its local entity, "SpaceX SA”, sure…
But the claim that the 30% barrier is "garbage" or easily bypassed with bank funding ignores SpaceX's corporate structure.

In a letter to the government, Starlink was quite clear:

“Starlink is a global system, and we must retain sole ownership of all our subsidiaries for operational purposes. This is true in each of the nearly 150 countries... where we are licensed"

SpaceX refuses to give up a 30% stake in any of its local subsidiaries worldwide. Giving local shareholders 30% voting and financial rights in a local subsidiary introduces local board seats, fiduciary duties, and governance layers that conflict with how he manages their global satellite constellation.

How do you value 30% of "Starlink South Africa"?

Does the local subsidiary own the satellites flying over South Africa? No.

Does it own the intellectual property? No.

If a bank funds the deal, it requires a predictable valuation and cash flow to service the debt. Because Starlink SA would essentially just be a local billing, marketing, and regulatory shell that buys bandwidth from global SpaceX, SpaceX could theoretically set internal transfer pricing so high that the local SA business makes zero profit. A bank would never finance a multi-million-rand empowerment deal for a local subsidiary whose profitability can be wiped out at the whim of the global parent company.

 

[TheMightyQuin]

It quite literally is a waste if time reading your comments.

That's because YOUR method of arguing consists out of who can shout the loudest.

You remind me of those sweaty Reddit mods that run around in a moshpit swinging their arms and kicking like ostriches...just to say that they've "beaten up someone".

You take zero stance but just lash out at everyone, usually with zero or incorrect "facts".

You have zero credibility...but project that fact onto myself and everyone around you.

Shame...I actually feel sorry for you.

 

[Vorastra]

That's because YOUR method of arguing consists out of who can shout the loudest.

You remind me of those sweaty Reddit mods that run around in a moshpit swinging their arms and kicking like ostriches...just to say that they've "beaten up someone".

You take zero stance but just lash out at everyone, usually with zero or incorrect "facts".

You have zero credibility...but project that fact onto myself and everyone around you.

Shame...I actually feel sorry for you.

I bet you its going to be the most useless comment. Will I find out? No.

 

[Smiggles]

Who cares? Those kid's parents will continue to vote for the ANC.

 

[Azbubu]

[QUOTE="JerryMungo, post: 34617907, member: 136901]They don't need SA.[/QUOTE]

Which is what makes it so odd that he keeps harping on about not being able to operate in SA.

 

[Bad Ballie]

Man, the US sure is very adamant on trying to get Starlink in South Africa.

Why is that. It must be because they really care.

Well, Starlink is already active over South Africa, so it's definitely not to spy, because they already have that ability without needing permissions from the ANC. Money seems the most obvious reason, although having the same level of access to local electronic signals as the ANC would also be an obvious reason.

 

[Vorastra]

Well, Starlink is already active over South Africa, so it's definitely not to spy, because they already have that ability without needing permissions from the ANC. Money seems the most obvious reason, although having the same level of access to local electronic signals as the ANC would also be an obvious reason.

You need a terminal to do anything. Government currently stops the import of any significant amount of terminals.

Do you think it was by chance that there were pallets of Starlink terminals seized being smuggled into Iran just before their massive protests happened?

 

[Bad Ballie]

You need a terminal to do anything. Government currently stops the import of any significant amount of terminals.

Do you think it was by chance that there were pallets of Starlink terminals seized being smuggled into Iran just before their massive protests happened?

You misunderstand, Starlink is active already we simply do not have access to it (unofficially many people do have access). The US and specifically the US military do have access to it, i.e. South Africans can't use the system, Anyone Starlink gives access to can. Currently No one in Iran can access Starlink, however all US military personal can. Media reports have already confirmed that Starlink was used to co-ordinate US attacks against Houthis in Yemen who were involved in shipping attacks in the Red Sea, while Yemen itself does not have access to Starlink.

 

[3Gee]

And the govt is determined to get their 30% share at the cost of those they care about uplifting

Sure am proud of Gov for not bending the knee to that dude dispite his wealth and influence.

 

[Vorastra]

You misunderstand, Starlink is active already we simply do not have access to it (unofficially many people do have access). The US and specifically the US military do have access to it, i.e. South Africans can't use the system, Anyone Starlink gives access to can. Currently No one in Iran can access Starlink, however all US military personal can. Media reports have already confirmed that Starlink was used to co-ordinate US attacks against Houthis in Yemen who were involved in shipping attacks in the Red Sea, while Yemen itself does not have access to Starlink.

I misunderstand nothing. We are talking about interference and let's say civil unrest as an example, hence why I used the Iran example, and not the guiding of munitions in example.

In order for anything to be done in South Africa at any scale, example destabilise a country akin to Iran, under the current laws they would have to smuggle in thousands of terminals which could be stopped. If it were legal, those thousands of terminals, tens of thousands, would be in the country, readily available.

This lie from Musk ,and the US, that South Africa NEEDS Starlink because it would connect people and be cheaper...is a lie.

As I posted above, South Africa already has wide availability of wireless internet, with a much lower cost of entry.

Would Starlink be nice for some oke living on his plaas in the middle of Bumfuckfonteintweebuffelopmykantstad? Yes. Would it be beneficial to Sipho who can only afford R30 of data every week/month? No.

 

[Crowley]

Would Starlink be nice for some oke living on his plaas in the middle of Bumfuckfonteintweebuffelopmykantstad? Yes. Would it be beneficial to Sipho who can only afford R30 of data every week/month? No.

So because it won't be beneficial to Sipho there is no need for it?

Sure am proud of Gov for not bending the knee to that dude dispite his wealth and influence.

Your support of the government just makes the case stronger for Starlink.

 

[The Gilded]

Oh, right, nothing but lies from the greatest scammer alive. Why can't the fanboys just accept that they will never have Starlink?

 

[JerryMungo]

Which is what makes it so odd that he keeps harping on about not being able to operate in SA.

He grew up here. Why wouldn't he?

 

[JerryMungo]

Oh, right, nothing but lies from the greatest scammer alive. Why can't the fanboys just accept that they will never have Starlink?

Says the guy who thinks you can just "install fiber" if you don't have coverage.
You're from another planet, let alone country.

 

[Tim_vb]

It’s still a retail agreement. All clients are Starlink clients. Starlink will still need retail and peering partners in SA if they operate with their preferred model.

Nothing to do with SA

ICASA’s rules under the ECA apply exclusively to the local license holder. SpaceX would only need to dilute 30% of its local entity, "SpaceX SA”, sure…
But the claim that the 30% barrier is "garbage" or easily bypassed with bank funding ignores SpaceX's corporate structure.

In a letter to the government, Starlink was quite clear:

“Starlink is a global system, and we must retain sole ownership of all our subsidiaries for operational purposes. This is true in each of the nearly 150 countries... where we are licensed"

SpaceX refuses to give up a 30% stake in any of its local subsidiaries worldwide. Giving local shareholders 30% voting and financial rights in a local subsidiary introduces local board seats, fiduciary duties, and governance layers that conflict with how he manages their global satellite constellation.

How do you value 30% of "Starlink South Africa"?

Does the local subsidiary own the satellites flying over South Africa? No.

Does it own the intellectual property? No.

If a bank funds the deal, it requires a predictable valuation and cash flow to service the debt. Because Starlink SA would essentially just be a local billing, marketing, and regulatory shell that buys bandwidth from global SpaceX, SpaceX could theoretically set internal transfer pricing so high that the local SA business makes zero profit. A bank would never finance a multi-million-rand empowerment deal for a local subsidiary whose profitability can be wiped out at the whim of the global parent company.

Many international companies operating have local subsidiaries without full ownership. The local subsidiary handles, advertising, partnerships, distribution, billing, local regulations, pays tax, remits earnings offshore etc. Its really not new to anyone

IMO its a good thing that he doesn't control internet access for SA schools as he would be turning it on and off whenever he has a temper tantrum - see Ukraine

 

[wingnut771]

Well that is not the same as they are forced to give away 30% of their company and they have no other choice. And do work with local partners around the world including Reliance in India.

And let's not beat around the bush here. It is not if the US don't impose restrictions on foreign ownership and control for some telecom companies via the FCC. E. G. Direct foreign ownership of more than 20% of mobile radio licenses are restricted. The US even ban Tiktok from operating in the US directly.

And even if all this is true Spacex can create a local subsidiary spacex South Africa which it does an empowerment deal which the banks fund. At a maximum they only need to do 30% of the *South African* business even if you decids to do it the most difficult way possible . So this "30% of SpaceX" is true and utter garbage. No law requires 30% of Spacex total shareholding.

Not 30% of spacex, 30% of spacexSA.

 

[wingnut771]

So even if they create SpaceX SA, they still need to give away 30% of the company?

Yeah, absolutely no one is saying he has to give away 30% of spacex, only johan thinks that.

 

[RaptorSA]

So yeah sure...MUSK is the problem...only to those with TDS and MDS becuase of hysterical political frothing.

You must have missed the memo. TDS has been cancelled.
Ever since the c**t has single handedly caused the biggest energy disaster in the modern age while inching us closer to WW3 each day.

The cries of a million ugly nose-ringed CNN watching lesbians do not come remotely close to capturing how that dumb f**k has screwed us all. Only the good Goyim still cry about TDS.

 

[wallace1]

How do you value 30% of "Starlink South Africa"?

30 million

100000 users @ R1000 x 30%. I think that is the reason the pass mark is 30%

 

[TheMightyQuin]

You must have missed the memo. TDS has been cancelled.
Ever since the c**t has single handedly caused the biggest energy disaster in the modern age while inching us closer to WW3 each day.

You sound nuttier than squirrel schit....