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SA ISPs must now have black owners
The Independent Communications Authority of South Africa (ICASA) has published new regulations which require all telecoms licensees, including ISPs, to have black owners.
“An Individual Licensee must have a minimum of 30% of its ownership equity held by black people, determined using the flow through principle,” the regulations state.
The regulations also require individual licensees to have a minimum of 30% of its ownership equity held by historically disadvantaged groups (HDG).
The Independent Communications Authority of South Africa (ICASA) has published new regulations which require all telecoms licensees, including ISPs, to have black owners.
“An Individual Licensee must have a minimum of 30% of its ownership equity held by black people, determined using the flow through principle,” the regulations state.
The regulations also require individual licensees to have a minimum of 30% of its ownership equity held by historically disadvantaged groups (HDG).