South Africa's Land Bank in Talks to Raise as Much as $1 Billion

A state-owned South African bank that finances farmers is in talks with funders to raise as much as $1 billion as it recovers from a default five years ago.
The Land & Agricultural Development Bank of South Africa has an indicative term sheet for that amount from a development financing institution, Chief Executive Officer Themba Rikhotso said. It will engage with the National Treasury before the end of the month to get its support for the plans, he said.

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13 hours ago

• Yahoo

South Africa Data Center Market Investment Analysis Report 2025-2030: Coverage of Data Center Investors - Africa Data Centres, Digital Parks Africa, Equinix, NTT DATA, OADC, Teraco, Microsoft, & More

The South Africa Data Center Market is poised for substantial growth, increasing from USD 2.16 billion in 2024 to USD 3.40 billion by 2030 at a CAGR of 7.85%. Johannesburg leads data center expansion, bolstered by investments from tech giants like Google and Huawei. The market's shift towards renewable energy and sustainability, driven by firms like Microsoft and AWS, enhances its appeal. Despite challenges like power outages, the region remains attractive for data center investments. Key players include Teraco, NTT DATA, and Vantage, with significant future infrastructure investments planned. South African Data Center Market Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "South Africa Data Center Market - Investment Analysis & Growth Opportunities 2025-2030" report has been added to South Africa Data Center Market was valued at USD 2.16 billion in 2024, and is projected to reach USD 3.40 billion by 2030, rising at a CAGR of 7.85%. KEY HIGHLIGHTS The South Africa data center market became the critical focus for data center investments in 2024. Its commitment to renewable energy is playing a major role in attracting data center investments, as major technology firms seek to minimize their environmental impact. Johannesburg is among Africa's major cities with fully established cloud regions. It continues to be South Africa's leading hub for data center expansion, marked by a concentrated growth in advanced facilities, hyperscale data centers, and dedicated cloud regions. In January 2024, Google launched its first cloud region in Johannesburg. Huawei is using its three data centers to extend AI cloud adoption in South Africa. As of December 2024, Johannesburg had a network of 15 data centers and 6+ upcoming data centers in the city. The city also has the presence of leading data center providers such as Vantage Data Centers, NTT DATA, Equinix, Open Access Data Centres (OADC), Teraco (Digital Realty), MTN, and Vodacom Business. Industrial land prices in South Africa have been growing over the recent years, especially in prime locations, owing to the robust demand and comparatively lesser supply. The average industrial land price in Cape Town varies from $120-$140 per square meter, while the average rental rate ranges around $4 per square meter. Durban and Centurion are also expected to see an increase in data center area in the year 2025. Sustainability has emerged as a key trend in expanding data centers across the South African data center market in 2024, driven by global environmental imperatives and local regulatory pressures. Leading players such as Microsoft, AWS, and Google are raising the bar with their sustainability targets, prompting others to follow suit to remain competitive. The South African government has been incentivizing data centers to implement additional alternative energy resources, to reduce dependence on the national power grids and prevent operational disruptions. South Africa also faces challenges in its energy sector, which include power outages and load shedding due to insufficient generation capacity. The nation's power is heavily dependent on coal-fired plants in the energy grid. More than one-third of the nation's 42,000 MW of electricity is generated by coal-fired power stations. SOUTH AFRICA DATA CENTER MARKET VENDOR LANDSCAPE The South Africa data center market has the presence of several colocation data center investors, such as Africa Data Centres, Digital Parks Africa, Equinix, NTT DATA, Open Access Data Centres (OADC), Teraco (Digital Realty), Vantage Data Centers, and others. Teraco (Digital Realty), NTT Data, Vantage Data Centers, and Africa Data Centres specialize in wholesale data center services, whereas companies such as Open Access Data Centres (OADC) focus on retail data center services. The majority of the Western hyperscalers are deploying facilities in the South Africa data center market. Cloud operators such as IBM, Microsoft, Oracle, AWS, and Google have all deployed facilities in South Africa. Microsoft is strengthening its position in the South Africa data center market by expanding its infrastructure with new data centers in the region. In March 2025, Microsoft announced its plan to spend USD 300 million on cloud and AI Infrastructure in South Africa by the end of 2027. Teraco (Digital Realty), provider of carrier-neutral colocation data centers and interconnection platforms, has plans to launch 4 data centers in South Africa in 2025-2026, with a cumulative investment of approximately USD 877 million. Being a water-scarce country, liquid cooling systems present a forthcoming challenge in South Africa, necessitating the adoption of an innovative and flexible approach for cooling technologies. The JB7 facility by Teraco (Digital Realty), which is expected to achieve completion by 2026, will feature a closed-loop chilled water system and direct free-air cooling. EXISTING VS. UPCOMING DATA CENTERS Existing Facilities in the region (Area and Power Capacity) Johannesburg Other Cities List of Upcoming Facilities in the region (Area and Power Capacity) Johannesburg Other Cities IT Infrastructure Providers Atos Cisco Dell Technologies Fujitsu Hewlett-Packard Enterprise Hitachi Vantara Huawei Technologies IBM Lenovo ZTE Data Center Construction Contractors & Sub-Contractors Abbeydale AECOM Arup B2 Architects EDS Engineering H&MV Engineering Ingenium ISF Group ISG LYT Architecture MWK Engineering Rider Levett Bucknall (RLB) Royal HaskoningDHV Tri-Star Construction Support Infrastructure Providers ABB Alfa Laval Caterpillar Cummins Delta Electronics Eaton Evapco Johnson Controls Legrand Master Power Technologies nVent Piller Power Systems Rittal Rolls Royce Schneider Electric Siemens STULZ Vertiv Data Center Investors Africa Data Centres Digital Parks Africa Equinix NTT DATA Open Access Data Centres (OADC) Teraco (Digital Realty) Microsoft Vantage Data Centers New Entrants Paratus Namibia WHY SHOULD YOU BUY THIS RESEARCH? Market size available in the investment, area, power capacity, and colocation market revenue. Data center investments in the area (thousand square feet) and power capacity (MW) across cities in the country. A detailed study of the existing South Africa data center market landscape, an in-depth market analysis, and insightful predictions about the South Africa data center market size during the forecast period. Snapshot of existing and upcoming third-party data center facilities in South Africa Facilities Covered (Existing): 53 Facilities Identified (Upcoming): 10 Coverage: 27+ locations Existing vs. Upcoming (Data Center Area) Existing vs. Upcoming (IT Load Capacity) Data center colocation market in South Africa Colocation Market Revenue & Forecast (2021-2030) Wholesale vs. Retail Colocation Revenue (2021-2030) Retail Colocation Pricing Wholesale Colocation Pricing The South Africa data center landscape market investments are classified into IT, power, cooling, and general construction services with sizing and forecast. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the market. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market. A transparent research methodology and the analysis of the demand and supply aspects of the market. Key Attributes: Report Attribute Details No. of Pages 121 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $2.16 Billion Forecasted Market Value (USD) by 2030 $3.4 Billion Compound Annual Growth Rate 7.8% Regions Covered South Africa REPORT COVERAGEThis report analyses the South Africa data center market share. It elaborately analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes: IT Infrastructure Server Infrastructure Storage Infrastructure Network Infrastructure Electrical Infrastructure UPS Systems Generators Transfer Switches & Switchgear PDUs Other Electrical Infrastructure Mechanical Infrastructure Cooling Systems Racks Other Mechanical Infrastructure Cooling Systems CRAC and CRAH Units Chillers Units Cooling Towers, Condensers, and Dry Coolers Other Cooling Units General Construction Core & Shell Development Installation & Commissioning Services Building & Engineering Design Fire Detection & Suppression Systems Physical Security DCIM Tier Standard Tier I & Tier II Tier III Tier IV Geography Johannesburg Other Cities TARGET AUDIENCE Real Estate Investment Trusts Construction Contractors Infrastructure Providers New Entrants Consultants/Consultancies/Advisory Firms Corporate and Government Agencies For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment South African Data Center Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Business Insider

a day ago

• Business Insider

Putin's words to South Africa, as the country vows never to forget Moscow's anti-apartheid aid

Russian President Vladimir Putin recently welcomed South Africa's Deputy President, Paul Mashatile, in a meeting intended to strengthen the two countries' long-standing relationship. Russian President Putin recently met South African Deputy President Mashatile to enhance bilateral relations. Russia and South Africa form a historical bond with shared global political interests. Putin highlighted the outcome of the 2023 Africa-Russia summit and plans for joint actions until 2026. Despite modest trade numbers and distinct cultures and languages, Russia and South Africa have a long-standing connection molded by history and common global interests. During their conversation, Putin stressed the importance of their bilateral ties, adding that Russia and South Africa "share solidarity when it comes to international agenda items" and that the two countries coordinate their efforts on global platforms. "You know that following the second Africa-Russia summit that took place in 2023, here in St Petersburg, we adopted a significant package of joint documents that include the program declaration and the plan of action till 2026,' the Russian president remarked. Putin also stated that he keeps in communication with President Ramaphosa and sent his best wishes through Mashatile, as seen on Sputnik. He emphasized that improving cooperation with African nations, especially South Africa, remained a significant priority for Russia. Ties between Russia and South Africa Though Russia accounts for only 0.4% of South Africa's imports, it is overshadowed by the United States, United Kingdom, and the European Union. However, the two nations have a strong political relationship. Both are founding members of the BRICS alliance, working closely together on political and economic issues that threaten Western dominance. Deputy President Mashatile hailed Russia for its historical role in South Africa's independence, saying, "The people of South Africa will never forget Moscow's help in their liberation from apartheid." His sentiments are similar to those expressed by President Cyril Ramaphosa last year, who referred to Russia as a "valued ally" who stood with South Africa from the beginning of its battle. The meeting comes as South Africa relationship with the U.S hits a snag. In February, the nation declared that it was looking for additional nuclear partners, including Russia and Iran, to assist boost its nuclear energy capability. While this might boost ties with Moscow, analysts worry that it could exacerbate tensions with the United States and jeopardize current energy accords.

Yahoo

2 days ago

• Yahoo

Take a look inside a vault used by the superrich to store gold, jewelry — and hard drives full of crypto

IBV International Vaults offers secure storage for valuables such as gold and bitcoin. The company serves 40,000 customers across locations in London, Dubai, and South Africa. The London branch is situated on Park Lane in Mayfair, one of the city's most exclusive districts. When you're part of the world's superrich elite, sometimes a regular safety deposit box just doesn't cut it. That's where companies like IBV International Vaults come in. IBV, which was founded in South Africa, provides secure storage for some 40,000 customers at locations including London, Dubai, and Cape Town. Business Insider recently took a tour of IBV's London facility, which boasts security features including bullet-resistant glass and biometric scanners to protect the gold, jewels, and even bitcoin hard drives in its vaults. Located on Park Lane in Mayfair, one of London's swankiest districts, here's what the vaults look like. It all started in 2002. The idea for IBV dates back to 2002 when founder and chairman Ashok Sewnarain overheard a woman at a vault in a South African bank being told that she'd have to wait three years for a safe deposit box. In 2005, he opened the first vault in a mall in Cape Town's Gateway district. Sewnarain's background is in property and budget hotels. Before that, he worked with his dad after dropping out of college. He told Business Insider the initial years were the most challenging because it was an individual trying to offer a "world-class private vault facility," rather than a bank or public institution. With help from his family and the decision to launch IBV Gold to sell and trade certified gold bullion, the business started to grow. It now has nine branches, with another in the works. The London branch is in a Grade II-listed building. IBV London opened its doors in a Grade II-listed building opposite a five-star hotel on Park Lane in 2020. The building was previously a bank branch, which Sewnarain wanted for his first UK-based vault. The company then renovated the space to make it ultra-secure. It took years to build a world-class security system. As part of the renovation, managing director Sean Hoey was recruited from Harrods, where he managed the luxury department store's safe deposit boxes. The facility has a state-of-the-art security system. Upon entering, biometric readers scan both fingerprints and irises. Glass protecting the vaults is bullet-resistant, and steel runs from the floor to the ceiling. Seismic detection sensors mean any attempt to tamper with the vaults would immediately trigger alerts. IBV provides a dual key system, whereby the client is supplied with a specialized key that only they can use. To access their vault, they are then escorted by a highly trained officer. Sewnarain said that when IBV started to design vaults, he visited manufacturers and security design companies in the US, Europe, China, and India. "The tiers of security and the level of security are extremely high as the whole ethos of our security is to be proactive rather than reactive," he said. The safe deposit boxes come in a range of sizes. IBV offers vaults in nine sizes, ranging from about enough room for a cellphone, through to an entire room. The smallest options are the most popular among members. Prices range from £600 (about $800) a year, to up to £2.5 million. Offering a similarly exclusive service, Harrods, from which Hoey was poached, is perhaps IBV's big competitor in London. Set up in 1896 and hidden behind a three-ton steel door, users come up with their own personal password and get a key. The smallest box at Harrods, which is slightly bigger than IBV's smallest option, costs £525, with the largest costing £18,250 a year. Several British banks also offer safety deposit boxes for less-well-off customers. At Lloyds Bank, prices for safe deposit boxes range from £200 to £475 a year, while those at Metro Bank start at £240 and go up to £750. IBV doesn't know what the safes contain. Clients have complete confidentiality over the contents of their safe. However, Sewnarain has an idea of the most common items stored based on what some have said. "I think the core assets in the vault are first the physical gold, silver, and platinum, followed by very high-value jewelry and diamonds and watches," he said. Sewnarain said some clients will store documents such as wills, business papers, letters of wishes, and legal contracts. "Also, now with the world of cryptocurrencies, you have cold storage, which is where the people, the investors, who are buying cryptocurrencies and bitcoins, do not want to keep the asset on an exchange or a crypto platform," he explained. "They want to download it onto a USB and make sure that USB is kept in a vault under their control." All of the vaults come with insurance cover worth up to £100,000. Clients can use a Rolls-Royce transfer service. IBV's clients are ultra-high-net-worth individuals, who Sewnarain said included entrepreneurs and wealth creators. Applicants must undergo a detailed selection process involving committee approval. Members have access to perks including networking events and Rolls-Royce transfers. IBV recently launched a wealth club, which is complimentary for clients renting the two largest safe deposit boxes. IBV buys, sells, and stores gold. As well as storing gold, IBV also buys and sells the precious metal. "Buyers and sellers love to play the game of taking profit when the price rises and also acquire when the price goes down, like currencies, like property, like equities on the stock exchange, and like crypto," Sewnarain said. 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