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Is this a good transaction for shareholders: Roughly R24bn flowing away from the company and the RSA. Share value diluted by 25%. In exchange 36% of holders shareholding sold at a "discount" to R86 (roughly R58bn flowing into RSA) plus a - doubtfull/unknown value - ,5 Bharti GDR locally listed, no cashflow? I got me doubts! In addition the economists were speculating the reasons for the strong Rand - Ha