Data Centers

Teraco raises R1.2 billion for further investment into South African data centres

Teraco, a carrier & cloud neutral colocation data centre and home to NAPAfrica, an nternet exchange point (IXP), has raised R1.2 billion from Absa to enable to complete the Isando Campus and the Bredell facility.

Teraco’s Chief Financial Officer, Jan Hnizdo says that this is another significant milestone for Teraco and that the funding is earmarked for further investments into data centre infrastructure: “We will use the funding to further invest in the Teraco Campus in Isando. The site presently has 20MW’s of capacity, which needs to all be brought online. We have also purchased land adjacent to the existing site allowing for further expansion. In addition, a component of the funding has also been earmarked for the construction of Teraco’s new data centre in Bredell.”

The Bredell site has 24MW of power and more than 6000m2 of technical deployment space and will eclipse the existing Teraco Campus from a power availability perspective:

Teraco’s Campus in Isando has been established as the connectivity gateway into South and sub-Saharan Africa. Its client community continues to expand significantly with over 350 key clients deriving significant value from colocating within the connectivity gateway. Teraco is also home to NAPAfrica, Africa’s largest neutral layer-two Internet exchange point (IXP) with over 240 unique connected networks and 160Gbps peering traffic across sub-Saharan-Africa.

The company has expanded its footprint over the last nine years to include four data centre facilities located in Cape Town, Durban and Johannesburg, which combined, at current facilities end-state will comprise 50MW of power and over 18,000m2 of data centre space.

“Teraco continues to experience high demand for its neutral data centre facilities, underpinned by strong growth in Internet penetration into Africa and increased cloud adoption by the enterprise sector,” says Lex van Wyk, CEO of Teraco. 

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