South Africa’s government plans to offer Elon Musk a workaround of local Black-ownership laws for his Starlink internet service to operate in the country, aiming to ease tensions with both the billionaire and US President Donald Trump.

South Africa will loosen its Black ownership laws to allow Elon Musk to operate his Starlink service in his home country.The tech mogul claims to have been prohibited by what he calls "openly racist ownership laws" from setting up his satellite-powered internet provider,

South Africa's rand was steady on Tuesday, as investor focus turned towards this week's budget speech and a meeting between President Cyril Ramaphosa and his U.S. counterpart Donald Trump.

Police in South Africa launched a manhunt on Saturday for gunmen who killed eight customers at a tavern in the southeastern city of Durban. The attack late on Friday evening was the latest mass shooting in the crime-weary African nation that has one of the world's highest murder rates.

Banks in South Africa are compelled to report large cash transactions, but posts claiming authorities have imposed new, more onerous withdrawal limits that require mandatory flagging are false. The South African Reserve Bank (SARB) and the Financial Intelligence Centre (FIC) denied overhauling existing regulations and refuted the claim.

South Africa's National Treasury will likely announce wider budget deficit forecasts on Wednesday as it struggles to find alternative sources of revenue in the absence of stronger economic growth, a Reuters poll of economists found.

The satellite imagery revealed that night-time light declined by 20% over urban South Africa between 2016 and 2023. However, some suburbs remained curiously bright even when the power was out.

Musk, who is South African-born, has previously claimed Starlink was barred from operating in South Africa because he is not Black, an allegation South African officials refuted. South Africa's telecoms regulator said in March that Starlink had not applied for a licence.