Merrill Lynch to Halt Business With S. Africa

Merrill Lynch & Co. will discontinue all business related to racially segregated South Africa, including trading or researching South African securities, the firm said.

The move by the country’s largest brokerage broadens a policy in place since September, 1987. the firm will no longer engage in any financial or commercial transactions with the South African government, any of its agencies or any corporation or individuals in the country.