Musk's discussions with South African President Cyril Ramaphosa may open doors for Tesla's battery factory and Starlink deployment, addressing local power challenges while benefiting Musk's ventures.
President Ramaphosa stated, 'I want you to come home and invest here,' emphasizing his desire for Musk to engage in foreign direct investment opportunities in South Africa.
Musk's entry into South Africa faces regulatory challenges, particularly with the Broad-Based Black Economic Empowerment policy, which he has asked Ramaphosa to amend.
With South Africa enduring severe load shedding, a Tesla battery facility could help stabilize the power grid and serve the country’s energy storage needs.
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