Teraco has raised a medium-term funding facility from Absa amounting to R1.2 billion.<\/p>\n
Jan Hnizdo, chief financial officer for Teraco, said the money is earmarked for investment into the company’s data centre infrastructure.<\/p>\n
“We will use the funding to further invest in the Teraco campus in Isando,” said Hnizdo.<\/p>\n
“The site presently has 20MW of capacity, which needs to all be brought online. We have also purchased land adjacent to the existing site allowing for further expansion.”<\/p>\n
A\u00a0component of the funding has also been set aside\u00a0for the construction of Teraco\u2019s new data centre in Bredell, Gauteng.<\/p>\n
Hnizdo said the Bredell site has 24MW of power and more than 6,000m2<\/sup> of technical deployment space. It will eclipse the existing Teraco campus from a power availability perspective.<\/p>\n “Bredell will be the largest commercial data centre in Africa and Teraco the largest commercial data centre operator in Africa,” he said.<\/p>\n Teraco builds and operates colocation data centre facilities and the NAPAfrica Internet exchange point,\u00a0where its\u00a0clients connect to submarine cable systems, African terrestrial networks, major African IP backbones, and key content.<\/p>\n When all of Teraco’s current data centre construction and planned expansions are built, it will have 50MW of capacity\u00a0– which will account for 45% of South Africa’s total capacity.<\/p>\n Teraco has raised a medium-term funding facility from Absa amounting to R1.2 billion.<\/p>\n","protected":false},"author":23,"featured_media":145113,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[25],"tags":[35,29400,39683],"class_list":["post-202560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-hosting","tag-headline","tag-jan-hnizdo","tag-teraco-data-environments"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/202560"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=202560"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/202560\/revisions"}],"predecessor-version":[{"id":202564,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/202560\/revisions\/202564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/145113"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=202560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=202560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=202560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Now read:\u00a0Johannesburg Internet Exchange launches in Teraco<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"