Cassava Technologies Commits to R4.5 Billion Investment in South Africa
Deborah Jesusegun . 1 year ago
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Article Summary: Cassava Technologies, a renowned communications solutions provider, has recently announced its commitment to investing R4.5 Billion into South Africa. This would be done through the expansion of activities carried out by the companies’ different business units including; Liquid Intelligent Technologies, African Data Centers, and Distributed Power Africa. This investment by Cassava Technologies is expected to…
Cassava Technologies, a renowned communications solutions provider, has recently announced its commitment to investing R4.5 Billion into South Africa. This would be done through the expansion of activities carried out by the companies’ different business units including; Liquid Intelligent Technologies, African Data Centers, and Distributed Power Africa.
This investment by Cassava Technologies is expected to positively impact the South African economic market in terms of providing renewable energy solutions, cloud, and cyber security solutions, as well as, increasing the data center facilities.
According to Hardy Pemhiwa, President & Group CEO of Cassava Technologies,
“…The country’s unique combination of highly developed first-world economic infrastructure and a stable macro-economic environment affords businesses like ours a conducive investment environment in which we can partner with government to drive economic development and create jobs.”
Cassava Technologies is a Pan-African Technology Group that provides digital services and infrastructures.
Liquid Intelligent Technologies, a business under Cassava Technologies, is a leading provider of pan-African digital infrastructure with an extensive fibre broadband network covering over 100,000 km. It also provides cloud and cyber security solutions.
African Data Centers is a leading data center provider, with up to 5 data centers in different parts of Africa.
Lastly, Distributed Power Africa is a pan-African renewable energy/solar energy provider, with operations in Kenya, South Africa, and Zimbabwe.
Looking closely at Africa Data Center’s penetration in South Africa, the data center provider recently announced the groundbreaking of another data center in Cape Town.
This will increase its existing portfolio of data centers in South Africa to four in number. Apart from the recent groundbreaking, these include:
- JHB 1 Midrand
- JHB 2 Samrand
- CPT 1 in CapeTown
Overall Cassava Technologies‘ Investment decision is instrumental in increasing the investment attractiveness of South Africa.
We love your feedback! Let us know what you think about Cassava Technologies’ commitment to investment in South Africa by sending an email to insights@estateintel.com.
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