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Actually at&t prepaid is about the same. $100, 10 cents/minute, 1 year expiration = 1000 minutes

No 15% bonus, text messaging is twice the cost, and I don't see any way to purchase just a SIM card a la T-Mobile:

It looks like the cheapest you can get in is with the $15 R225.

But, it's a lot better than what they had when I last shopped for prepaid.