Africa’s largest vendor neutral data center, Teraco, recently announced that a high speed, low-latency fiber link between the Johannesburg Stock Exchange (JSE) and the Teraco Isando data center in Johannesburg has been completed by Dark Fibre Africa. This new route provides capital market participants with reliable, high-bandwidth and high-speed connectivity required to transport critical financial data.
Jan Hnizdo, Chief Financial Officer, Teraco, says: “The route, which spans 32 km, enables the Teraco community to provide capital market participants with solutions for high-bandwidth, low-latency connectivity. In real terms, this link offers a sub-500 microsecond round trip and is a virtual extension of the JSE’s ‘meet me room’ into Teraco.”
Hnizdo says that the new route is significant for all capital market participants, including brokers, traders, market data providers and the carriers that service the capital markets ecosystem, as the link provides direct access to the JSE. Additionally, this link gives market data participants the choice of connecting with more than 150 network and connectivity providers, covering local and international markets, including the whole of Africa.
“Teraco is an African and international connectivity gateway. We provide access to over 150 international and local telecommunications companies, including the submarine cables landing in South Africa – Jan Hnizdo, Chief Financial Officer, Teraco”
Teraco works with South African capital market participants to connect them to global data centers and internet exchanges, in order to access local and global financial markets. Teraco’s has set up almost 5,000 such connections within the past five years.
“As the recognized African leader in data center infrastructure, Teraco provides the type of high-quality hosting and access to connectivity that is required by financial institutions to grow their market share and operate in local and global financial markets,” says Hnizdo.
Teraco is currently working on the construction of its second data center in Johannesburg, bringing Teraco’s total ICT infrastructure investment to over 1 billion ZAR (75.1 million USD). Upon completion of Teraco’s second data center, the company will be Africa’s largest mega data center.
“We are confident that Teraco will continue to grow and significantly improve the course of the internet and business in Africa,” concludes Hnizdo.
Source: Teraco Data Environments | Archives Links
- Buyout firm Permira purchases South African data center services company Teraco for undisclosed price
- Africa: Now a major player in emerging markets financial services
- Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets
- ZAR X: What will South Africa’s second stock exchange do differently and who will it target?
- More African companies seek exchange listings
- Nigerian Stock Exchange to seek approval for public listing
- Cross listing of ETFs on Johannesburg, Lagos and Nairobi stock exchanges: Coming soon
- Mauritius plans trading platform to hedge African currencies against US dollar
- Elias Masilela, CEO of South Africa’s Public Investment Corporation, Resigns
- Trader Promises Price War to Undercut Africa’s Biggest Exchange
- Bright Africa 2014 – A guide to equity investing on the continent: RisCura (Report)
- Elias Masilela, outgoing CEO of Africa’s Biggest Fund Manager, South Africa’s PIC, to Join DaMina as Senior Adviser
- South Africa’s Alexander Forbes raises $345M in IPO
- Marsh & McLennan to Buy 34% of Alexander Forbes of South Africa
- Gym chain Virgin Active picks Johannesburg Stock Exchange over London bourse for £1.5B IPO
- The Nigerian Stock Exchange gets green light for public listing
- London Stock Exchange to pursue African company listings
- South African billionaire Christo Wiese has $2B to spend after Virgin Active deal
- Alexander Forbes IPO Suggests Valuation of Almost $1 Billion
- Johannesburg Stock Exchange (JSE) and Nigerian Stock Exchange (NSE) partner to boost regional capital markets
- South Africa’s Bravura applies for stock exchange license to operate 4 Africa Exchange, a new exchange to rival the Johannesburg Stock Exchange
- African Women To Watch: Capital Markets (Video)
- African stock exchanges should focus on smaller businesses: Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange
- MTN to list on the Nigerian Stock Exchange in 2017
- Pizza Hut looks to grab slice of South Africa’s restaurant market
- MTN Ghana considers listing on Ghana Stock Exchange: Serame Taukobong, CEO, MTN Ghana
- Stock exchanges in South Africa, Kenya, and Nigeria plan more ETF cross-listings
- Nairobi Securities Exchange Plans to Sell 31% of Shares in IPO
- Johannesburg Exchange Boss Nicky Newton-King Braces for Competition
- South Africa’s Shoprite shifts investment focus to the rest of Africa as profit slows
- The case for South African hedge funds: Jaclyn Petrone, Director of International Business Development, Laurium Capital
- The largest mall in Africa: South Africa’s $340 million Mall of Africa set to open this month
- MTN versus Nigeria
- Kenya’s Capital Markets Authority approves listing of first ETF
- 4 Africa Exchange (4AX), South Africa’s second stock exchange, planning for October debut
- Here are 7 reasons to be bullish on MTN Group
- Nigeria’s mobile phone companies move closer to listings on the Nigerian Stock Exchange
- Johannesburg Stock Exchange in Africa gateway play
- MTN Nigeria to transfer up to 9,151 towers to IHS-MTN joint venture
- South African private equity ten-year returns at 18.5%: SAVCA/RisCura