DEALS | 24 MARCH 2021

Enabling Africa’s
Digital Transformation


Contributing R2.5 billion in capital funding to Teraco's data centre infrastructure development. That's Africanacity.

We are proud to have concluded a R2.5 billion transaction with Teraco to expand digital connectivity in Africa. The deal includes R2billion for a data centre construction in Johannesburg and Cape Town, and R500 million to provide liquidity and optimise capital structure for improved shareholder returns. This funding will accelerate growth in Teraco’s business, enabling them to sign up many large new clients while increasing their services to existing clients.

“This is a ground-breaking transaction in Teraco’s constant evolution, which keeps the firm at the forefront of Africa’s digital transformation.” Jason Abt, Senior Investment Banker, Absa Corporate and Investment Banking.

Teraco Data Environments Proprietary Limited is Africa’s largest interconnection hub and vendor-neutral data centre provider.

Related Articles


A more cash-efficient ecosystem in a post-COVID world

While operational conditions in the South African economy remain constrained, there is encouraging data emanating from our cash management environment, giving us reason to be optimistic about the second half of 2023.


Financial Mail Top Analyst Awards 2023

The annual Financial Mail Top Analyst Awards, in partnership with Iress and JSE, awards South Africa’s top analysts in the institutional stockbroking industry.


Financial Mail Top Analyst Awards

The Financial Mail Top Analyst Awards provide that ranking. The awards – which mark their 46th year in 2022 – are based on a survey that provides a reliable and independent ranking of skills in the industry. Consulting firm Intellidex conducts that survey through confidential questionnaires that cover about 90% of South Africa’s institutional stockbroking market.