South Africa’s largest data centre company is buying a large property in Cape Town

South Africa's largest data centre company, Teraco, is set to purchase a large area of vacant industrial land in Cape Town's Brackenfell after receiving clearance from the Competition Commission. The deal, worth millions, will see Teraco acquire the land with existing structures and fixtures, paving the way for a major expansion of its operations. However, the company must still secure final approval from the Competition Tribunal, which will scrutinize the impact of the acquisition on the local market.