XEROX &lt;XRX> AFFILIATE TO SELL S.AFRICAN UNIT
  Xerox Corp's affiliate Rank Xerox Ltd
  said it signed a definitive agreement to sell its Rank Xerox
  South Africa Pty Ltd affiliate to Altron Group &lt;ALRN.O>, for
  undisclosed terms.
      Xerox said the preliminary agreement to sell the affiliate
  to Fintech, an Altron unit, had been reached in March. Xerox
  said completion of the sale awaits approval of Fintech
  shareholders and a review by the Johannesburg Stock Exchange.
       Rank Xerox South Africa was founded in 1964 as a wholly
  owned unit of Rank Xerox, the Xerox affiliate that manufactures
  and markets Xerox products in the Eastern Hemisphere.
      Rank Xerox said that of the 800-man workforce of Rank Xerox
  South Africa, 40 pct are black, colored or Asian. The company
  will become a wholly owned unit of Altron.
  

