Teraco has announced the appointment of Raj Nana as the company’s new chief financial officer (CFO), effective February 1, 2026. Nana will succeed Sam Erwin, who has been named managing director and will now report directly to CEO Jan Hnizdo.
The company stated that the expansion of the executive management team aligns with its plans for continued growth and increased funding. “This is the ideal time to be expanding the executive team as we continue to grow our data centre platform in line with the evolving requirements for cloud, AI, and enterprise workloads,” said Hnizdo.
Nana brings over 20 years of experience in investment banking and the property sector. He has been with JSE-listed real estate investment trust Attacq since 2014 and has served as CFO there since 2018. Teraco highlighted his expertise in financing and managing large-scale property developments, along with his qualification as a Chartered Accountant, as key assets that will support the company’s strategic ambitions.
Erwin, who is stepping into a more operational role as managing director, welcomed Nana’s appointment, emphasizing that it comes at a pivotal time of expansion. “He is joining a strong finance team, with access to local debt capital from sophisticated financial institutions, providing a platform for ongoing investment,” Erwin said. Nana expressed enthusiasm about joining Teraco, describing it as an “exceptional team” and looking forward to contributing to the company’s growth.
Hnizdo added that Erwin’s promotion to managing director will strengthen the company’s operational focus, particularly as Teraco advances its energy strategy, including the development of its first utility-scale solar project already underway.
Teraco has experienced significant growth in recent years, notably commissioning three large facilities across South Africa in 2025. Its hyperscale campuses are located in Johannesburg and Cape Town, with strategic interconnection hubs in Durban and Cape Town, boasting a critical IT capacity of 189MW.
