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Musk and Afrikaners Cloud the Trump-Ramaphosa Meeting Agenda
Bloomberg
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2 days ago
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00:00
It's become a very divisive issue in South Africa because earlier this year President
00:03
Trump said that South Africa was seizing the land of white farmers, predominantly Afrikaners,
00:09
without compensation.
00:11
And there was a genocide against them because there is a problem with murders on farms here
00:14
because South Africa has a high crime rate.
00:16
Now, that's been quite widely ridiculed in South Africa and also elsewhere because Afrikaners
00:21
are some of the richest people in South Africa, five of the seven billionaires are Afrikaners,
00:26
many CEOs are Afrikaners, and there are many rich farmers.
00:31
And at the same time, he's been slashing aid for HIV programs in South Africa and aid and
00:38
humanitarian assistance around the continent, which mostly benefits black Africans.
00:42
So it's caused a lot of divisiveness, both in South Africa and elsewhere.
00:47
And it's created a huge problem for South African government, which is trying to maintain its
00:51
relations or repair its relations with the US at the same time as dismissing these allegations
00:56
sanctions.
00:57
And I don't know what your take was on the Musk interview at the Qatar Economic Forum.
01:03
We've just been hearing some of it, Anthony, and it really was tense, especially when it
01:07
turned to South Africa.
01:10
How much is the government's plan to offer Musk this workaround of the black ownership laws
01:15
for Starlink likely to actually ease tensions with Donald Trump?
01:20
And really, it's not going to be more than a Band-Aid.
01:25
First of all, we don't know that Trump will accept the offer.
01:27
Our reporting shows that an offer will be made to give him some sort of exemption from black
01:32
economic empowerment rules or black ownership rules.
01:35
But those are really available to all foreign investors, basically involves training or investment
01:40
in local communities or all sorts of things.
01:42
He has been offered that before.
01:43
I presume a more concrete offer would now be made.
01:47
But that's just for Elon Musk, who is an ally of Donald Trump.
01:50
But the broader issue the Trump administration has with South Africa's affirmative action on
01:56
black economic empowerment laws is that it sees him as DEI, which it opposes, and as a disadvantage
02:02
to American investment.
02:05
We can't really see the South African government rolling those back because they're pretty important
02:09
to the black majority in South Africa, given the history under apartheid.
02:13
And it's been a central plank of the ANC's policy since it took power in 1994.
02:18
Thank you for.
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