The Mercury

Funding secured for data centres

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Teraco would triple its size after securing R158 million in funding from the Internatio­nal Finance Corporatio­n (IFC) and the Developmen­t Bank of Southern Africa (DBSA), the data centre operator said last week. Teraco said it would triple the size of its colocation data centre in Johannesbu­rg and open two new facilities in Durban and Cape Town. The IFC, a World Bank division, now holds equity in Teraco while the DBSA has provided R80m of senior debt. Teraco’s clients include MTN, Telkom and Seacom. – Asha Speckman

NORTHAM PLATINUM

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