Google solidifying its dominance on the African continent with a new R17 billion investment - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Google is solidifying its dominance on the African continent with a new investment of R17 billion to improve its offerings to businesses and customers. The company announced that it is establishing a new Google Cloud region in South Africa.

According to Google, the new cloud region will, among other things, help users across Africa to choose where they would like to store data.

“We have commissioned a study through Alpha beta Economics and the study revealed that this cloud region will contribute around 2,1 billion dollars’ worth of South African GDP. In parallel, it will create 40 000 jobs by the year 2030.” Dr Mokoena further states that “What the internet cable does, it travels internet speeds, it will reduce internet costs by about 20% or so. It will create about 180 000 indirect jobs over the next three years and the impact on the GDP will be about 0.32 percentage points.”

 

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