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July 25, 2008

Vodacom may provide hefty financing for public offer

A leaked prospectus of Vodacom's public offer suggests the company will put its hand deep in its own pocket to finance its offer - a move likely to delight investors but disappoint shareholders.

A leaked prospectus of Vodacom's Yebo Yethu public offer suggests that black South Africans will be able to buy shares worth R360m at a 10% discount in a heavily vendor-financed deal.

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Posted by StaffWriter at July 25, 2008 7:24 AM