Google makes a R2.5 billion investment

Google South Africa has officially announced the establishment of its R2.5 billion data center in Johannesburg, South Africa, which will provide the African continent with access to one of the world's premier data warehouses. South Africa is now recognized as one of the 40 global regions and 141 zones within Google Cloud's extensive network, which offers services to over 200 countries and territories.

Ferdinand Steenkamp, co-founder of the locally established data company Tregter, stated that enhancing access to this essential asset for local customers will facilitate innovation and enable the secure provision of faster, more reliable services to their clientele. He further noted that this initiative is expected to significantly contribute to South Africa's GDP and generate over 40,000 jobs by the year 2030.

Google offers scalable IT infrastructure solutions tailored to the ambitious growth objectives of small, medium, and micro enterprises (SMMEs) in South Africa. This eliminates the necessity for founders to manage their own data centers and servers, which can incur significant costs. To date, Google has supported over 100 start-ups across 17 African countries, which have collectively secured R5 billion in funding and generated more than 2,800 direct jobs.

The property market is flourishing in Cape Town

The disparity in residential property values between Cape Town and Johannesburg is reported to be widening. The Western Cape property market maintains its position as the leader in growth within South Africa's real estate sector, primarily driven by investment buyers. National trends indicate that real estate ranks as the second-most favoured asset class in South Africa. Furthermore, there has been a 2.1% increase in the national demand for investment properties and rent-to-buy options in the fourth quarter of 2024 compared to 2023. These developments reflect an increasing confidence in the sustainability and long-term returns associated with property investments.

Assets such as sectional titles play a significant role in this context, as they are generally more affordable than traditional houses, which account for approximately 60% of reported investments. These properties are particularly attractive to first-time homebuyers, many of whom aim to rent them out. The CEO of ooba Home Loans has indicated that 10% of first-time buyers acquire their properties for investment purposes. This underscores the considerable potential that remains in South Africa's real estate market as a whole. GOLD ANALYSIS - WEEKLY

Although price did retest as said in this post https://www.coinsandbusiness.com/post/south-africa-avoids-recession it still didn't respect the $2,747.933 level as Gold officially broke through the $3,000 price market, making it a record high since a few years ago. This week, Gold opened the market with a bullish sentiment and the bulls seem to have completely bullied the bears out of the market. However, like I always say, let's scale down to the lower timeframes to better understand Gold's weekly movement. GOLD ANALYSIS - DAILY

As seen on the daily chart, Gold is showing a very strong bullish sentiment, upward of $3,000+ since Monday. It broke above the $2,952.661 level with a strong bullish candle, indicating a clear shift of control of the market by the bulls. This is, by far, the best trend breakout I've ever seen by Gold probably since 2020. And as seen on the chart, we are seeing a proper W formation, indicating a head and shoulders setup within the trend line. Basically, Gold's was indicating that it's going back to a stronger bullish sentiment with it's lowest price level within this W formation, which was $2,854.460. This is incredible! That's it from me this week! Thank you for taking your time to read. Like, comment and share!! Don't forget to subscribe.