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March 16, 1987

XEROX TO PULL OUT OF SOUTH AFRICA

By CBR Staff Writer

After agonising over the decision for many, many months, Xerox Corp is to pull out of South Africa, which actually means that Rank-Xerox, the company jointly owned with the Rank Organisation Plc has to withdraw: according to the Financial Times, Rank-Xerox will sell the business to the Fintech arm of Altech Pty and looks for about UKP25m.

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