Data centre company Teraco plans to spend R2bn on expanding its capacity in SA amid growing demand for cloud computing services, says CEO Lex van Wyk. Teraco would nearly double its capacity over the medium term by adding to its facilities in Johannesburg and Cape Town, Van Wyk told Business Day. The company, which has two facilities in Johannesburg and one each in Cape Town and Durban, was finalising a R1.8bn debt facility with Absa to fund the expansion. Teraco would upgrade its centre in Durban and increase capacity in Cape Town from 3MW of power consumption — the industry’s standard measure of capacity — to 5MW. In Johannesburg, the vendor-neutral company would invest further in its new facility in Bredell and would grow its flagship unit in Isando. "Our current site [at Isando] is 20MW and we’d be looking to expand that by approximately 40MW over time. We own two properties across the road and the idea is, within the next month or two, to kick off civil works to commence with t...
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