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JOHANNESBURG (Reuters) - South African police have arrested a Vietnamese man suspected of being in illegal possession of 10 rhino horns, one elephant tusk and cash with a total value of nearly $3 million, an official said on Wednesday.

South Africa, the country home to the most rhinos in the world, has been losing almost two of the threatened animals a day to poachers who sell the horns in China and Southeast Asia for use by the affluent as a traditional medicine ingredient.

"There was a tip-off that we acted on speedily in fear that the suspect may try to dispose of incriminating items," police spokesman Vishnu Naidoo told Reuters.

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