A two-paragraph message in I.B.M.'s report notes that the company had sold its South African subsidiary because of the "deteriorating political and economic situation" there.

Looking for sales potential from overseas the company set up a South African subsidiary in 1919.

The software company, based in Cambridge, Mass., also said it would eventually establish a South African subsidiary.

She was also the first woman CEO in all of Barclays Bank's African subsidiaries at the time.

DaimlerChrysler's South African subsidiary said it would pay for anti retroviral therapy for all its infected employees.

Citibank's South African subsidiary has contributed about 1 percent of its after-tax earnings over the last five years.

Headquartered in Bellingham, Washington, Logos currently has a staff of more than 300, with some employees located at a South African subsidiary.

A11 Citibank's South African subsidiary will be sold, the company said.

In 1986, I.B.M. made the difficult decision to sell its South African subsidiary to an employee trust.

Nevertheless, more than 100 American companies have sold their South African subsidiaries in the last 18 months.