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Telecoms firm Vodacom says to invest $3 billion in South Africa

JOHANNESBURG, Oct 26 (Reuters) - Telecoms firm Vodacom said on Friday that it would invest 50 billion rand ($3 billion) in South Africa over the next five years.

The announcement was made at a conference to drum up investment in Africa's most industrialised economy. ($1 = 14.5956 rand) (Reporting by Alexander Winning and Ed Stoddard Editing by James Macharia)