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.