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Vodafone stockpiles cash for Vodacom deal

British mobile phone giant Vodafone has already brought 20.5 billion rand (£1.6bn) into South Africa to buy a 15 per cent stake in local operator Vodacom, the latter’s lawyer said yesterday. With unions trying to block the deal with a last-minute legal injunction, the Vodacom lawyer said the money arrived on 7 May and the rand would fall if it had to be repatriated.