No Ordinary Wednesday | South Africa’s race to get connected

Loading player...
South Africa’s digital infrastructure is expanding rapidly, from data centres and fibre networks to satellites. But can the country provide the power, capital and regulatory certainty needed to turn digital investment into lasting growth?

On No Ordinary Wednesday, Jeremy Maggs speaks to Investec CIB’s Louise Pillay, a telecoms and media analyst, and David Abbey, a leveraged finance specialist, about what is driving demand, where the risk of overbuilding lies and what it will take to connect more of the country.

Chapters:
00:00 - Digital infrastructure as a growth engine
01:58 - How digital infrastructure has evolved
03:17 - Coverage versus digital inclusion
04:54 - What is driving demand for data centres and AI infrastructure?
06:08 - Is there a risk of overbuilding?
07:34 - Is grid access the bigger constraint for data centres?
08:45 - Power, water and social licence
10:53 - What makes a digital infrastructure project financeable?
12:04 - Can new rules speed up fibre rollout?
13:34 - Satellite versus fibre and mobile
14:47 - Does satellite change the economics of rural connectivity?
15:42 - How should policymakers regulate competing technologies?
16:38 - Who will fund the next phase of broadband build-out?
17:30 - What could change the outlook for the sector?
Chapters
  • 00:00 Introduction
  • 01:58 How digital infrastructure has evolved
  • 03:17 Coverage versus digital inclusion
  • 04:54 What is driving demand for data centres and AI infrastructure?
  • 06:08 Is there a risk of overbuilding?
  • 07:34 Is grid access the bigger constraint for data centres?
  • 08:45 Power, water and social licence
  • 10:53 What makes a digital infrastructure project financeable?
  • 12:04 Can new rules speed up fibre rollout?
  • 13:34 Satellite versus fibre and mobile
  • 14:47 Does satellite change the economics of rural connectivity?
  • 15:42 How should policymakers regulate competing technologies?
  • 16:38 Who will fund the next phase of broadband build-out?
  • 17:30 What could change the outlook for the sector?
23 Sep English South Africa Business · Investing

Other recent episodes

No Ordinary Wednesday: IMF 2026 | AI, debt and the global investment outlook

AI investment is supporting growth, but its wider benefits remain uneven. Where will global capital go next, and what will businesses pay to access it? In this special edition of No Ordinary Wednesday, Cumesh Moodliar, CEO of Investec South Africa, and Andrew Lillywhite, head of bank funding group at Investec…
19 Oct 26 min

Macro Monday Ep136: Tech sector weakens after US inflation report

The war in the Middle East continues to weigh on markets and the economy, with second round effects showing up in US inflation numbers, notes Investment Strategist at Investec Investment Management Osagyefo Mazwai. The tech sector was the biggest loser in the days following the US inflation print.
19 Oct 10 min

No Ordinary Wednesday: Inside Investec’s investment outlook

The global economy is proving resilient, and company earnings remain healthy. Even so, Investec’s Global Investment Strategy Group has maintained a risk score of zero, reflecting a measured approach to portfolio positioning. The findings are published in the quarterly Global Investment View. On No Ordinary Wednesday, Chris Holdsworth, Investec Investment…
13 Oct 17 min

Macro Monday Ep135: The two sides to the AI investment boom

The AI story has been great for investors so far, but it may be making the Fed feel uncomfortable. AI investment is helping to fuel growth and inflation, potentially forcing the Fed to maintain a tighter policy stance – even though, says Global Chief Investment Officer Chris Holdsworth, the sectors…
12 Oct 5 min

No Ordinary Wednesday | Mini-Budget 2026: More revenue, less borrowing?

Stronger revenue offers an opportunity to reduce borrowing. Will spending pressures limit the gains? Ahead of the 2026 Medium-Term Budget Policy Statement (MTBPS), Investec’s Annabel Bishop and Tertia Jacobs to examine the choices facing National Treasury. Higher precious metals prices offer the prospect of better-than-budgeted tax revenue. But weaker growth,…
11 Oct 26 min