El DXNERO

Cheers to the next decade … 📅💵

Why Elon Musk is RIGHT to fight South Africa’s racist rules blocking Starlink? Imagine this: Long ago, South Africa had very unfair laws called apartheid. They treated Black people badly and kept them from good jobs and money. When those bad laws ended, the country made new rules (called B-BBEE) to help Black people get a fair share of business. The idea was good – like a big helping hand. But now? For companies like Starlink to sell fast internet, they MUST give away 30% of their business to Black partners. Just because of skin color. Elon Musk was born in South Africa. He left as a teen to chase big dreams. Today, his company SpaceX wants to bring Starlink – super fast satellite internet – to South Africa. But the rules say no unless they give up part of the company. Elon said it right: “Starlink is not allowed because I’m not Black.” SpaceX promised to spend about $30 million (that’s 500 million rand!) to give FREE high-speed internet to 5,000 rural schools. That helps over 2.4 MILLION kids every year learn better, get jobs later, and have a brighter future. Real help for the people who need it most! Starlink already works in about 24 other African countries. Villages there now have internet for school, doctors, and business. South Africa’s villages are missing out because of these racist rules. Elon isn’t asking for special favors. He just wants fair play so Starlink can connect everyone fast. Internet = education, jobs, hope. Why hold back millions of kids over rules that pick by race and color?

🇿🇦 South African President Cyril Ramaphosa says that the country will not abandon its DEI policies, known as “Black Economic Empowerment (BEE).” “Those who say BEE and affirmative action must stop are just dreaming,” he said. South Africa has strict laws that mandate race-based hiring practices. A new law called the Employment Equity Amendment Act sets hiring targets for 2025–2030 across 18 economic sectors. Some workforce targets aim for 90–96% of employees to come from designated groups, which include Black people, women, and people with disabilities (minimum 3%). That means that if a company has more than 5% white men, it could face penalties of up to 10% of its income.