Microsoft will invest ZAR 5.4 billion (~ US$ 298 million) by 2027 to enhance its cloud and AI infrastructure in South Africa, building upon a prior investment of ZAR 20.4 billion. This initiative aims to improve access to technology for various organizations and includes plans for skills training. The announcement was made during a conference attended by Microsoft executives and South African President Cyril Ramaphosa.
Microsoft has announced a substantial investment of ZAR 5.4 billion (approximately US$ 298 million) by the end of 2027 to enhance its cloud and Artificial Intelligence (AI) infrastructure in South Africa. This venture is intended to cater to the increasing demand for Azure services in the region. This new funding builds upon Microsoft’s previous investment, totaling ZAR 20.4 billion (around US$ 1 billion), to establish the country’s first enterprise-grade data centers in Johannesburg and Cape Town.
The company’s recent investment aims to empower various organizations, including start-ups, multinational corporations, and governmental bodies, by granting access to cloud and AI solutions. The intent is to enhance operational efficiency, optimize service delivery, and stimulate innovation throughout the South African economy. Additionally, Microsoft plans to provide skills development training in cloud architecture, AI, and cybersecurity.
This announcement was made during a conference in Johannesburg, where Brad Smith, Vice Chair and President of Microsoft, outlined the company’s vision. He stated, “This latest investment is part of our broader focus in helping South Africans build a future where technology drives prosperity and young workers have the skills they need to thrive.”
President Cyril Ramaphosa of South Africa also addressed the audience, emphasizing the significance of Microsoft’s presence in the nation. He remarked, “Beyond blazing a trail in the local technology space, the longstanding presence of Microsoft in South Africa is a vote of confidence in our country and in our economy. The strategic investment announcements made by Microsoft today stand as further testimony to this enduring confidence.”
Having operated in South Africa for over 30 years, Microsoft currently serves a diverse range of industries, including financial services, healthcare, retail, agriculture, mining, and the public sector, which are already benefiting from the company’s cloud and AI technologies.
In summary, Microsoft’s planned investment of ZAR 5.4 billion aims to significantly expand its cloud and AI infrastructure in South Africa, addressing the growing needs of various organizations. This investment not only builds upon the company’s previous commitments but also highlights its dedication to enhancing operational capabilities and workforce skills within the country. The endorsement from both Microsoft and the South African government reflects a mutual commitment to technological advancement and economic growth in the region.
Original Source: w.media
