Fifteen major SA financial institutions migrate to Africa data centre
5 major South African financial institutions have successfully migrated all their sensitive business data
1 and hosted systems to Teraco , one of Africa ’ s leaders in data centre infrastructure . The migration was coordinated in a single move described as a major technical feat and a step forward for the SA financial ecosystem .
The move involved 10 of South Africa ’ s small- to medium-sized banks and five other major financial institutions . Six of these institutions are within the top 15 banking institutions in the country . All 15 institutions are customers of Direct Transact , South Africa ’ s largest outsourced banking and payments service provider . that is ultimately to the benefit of the entire financial ecosystem of the country .”
Direct Transact ’ s systems enable R40-billion worth of transaction flows through the local banking and payments system every month . Its systems ensure that payment flows between different sectors of the banking and payments ecosystem work in harmony .
A total of 100 terabytes of sensitive data was migrated seamlessly and securely . “ The new Direct Transact hybrid infrastructure at the state-of-the-art Teraco facility allows for the best of both cloud and hosted servers to ensure minimal latency between hosts , full redundancy , maximum scalability and security ,” said Dirk Labuschagne , Executive Head of Business Support Services at Direct Transact . “ The move to Teraco was a delicate but important operation – even a few seconds of downtime could have been very disruptive for the South African banking and payments ecosystem , but we pulled it off without a single hitch , in a move
Africa Data Centres uses its strategic investment to expand operations
frica Data Centres , a business of Cassava Technologies , a pan-African technology group , has Drawn down
A the first tranche of US $ 83 million out of the US $ 300 million strategic investment from the United States International Development Finance Corporation ( DFC ) approved in 2021 . This initial tranche is being applied towards expanding ADC ’ s data centres in South Africa .
Subsequent disbursements from DFC will be used to realise the expansion of ADC ’ s footprint of data centres in other DFCeligible African countries . ADC is executing an ambitious plan to build data centres in ten of Africa ’ s largest economic capitals , including Abidjan , Accra , Lagos , Cairo and Casablanca , and to existing data centres in Johannesburg and Cape Town , further cementing ADC ’ s position as Africa ’ s largest operator of a pan- African network of interconnected carrier-neutral data centres .
Tesh Durvasula , CEO of Africa Data Centres , said : “ The increasing demand for cloud and other digital technologies on the continent has directly increased the demand for African data to reside within the continent . This means Africa needs more data centres . We are pleased that our data centre expansion programme in South Africa funded by DFC will cater to the growing demand in the country .”
“ This investment by DFC follows our recent announcement of the US $ 50 million investment by C5 Capital into Cassava Technologies and a partnership to build cybersecurity operations centres across six markets in Africa . Through these investments , Cassava Technologies is building Africa ’ s digital infrastructure to enable accelerated economic development and ensure a digitally connected future that leaves no African behind ,” said Hardy Pemhiwa , President and CEO of Cassava Technologies .
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