RANK XEROX <XRX> TO SELL SOUTH AFRICAN UNIT
Xerox Corp's U.K. unit, Rank Xerox
Ltd, said it agreed in principle to sell its South African
company, Rank Xerox South Africa Pty Ltd, to <Altron Group's>
Fintech unit.
    Terms of the deal were not disclosed.
    Altron said the acquisition was key to making Fintech an
office systems company.
    The South African Rank Xerox unit sells copiers and
duplicators throughout South Africa and in Namibia (South West
Africa). It has over 800 employees, all of whom will be
retained by Fintech when the deal closes, Rank Xerox said.
 Reuter
