1. Turnover on the JSE Equities Market (Calendar Years)

Excluding Abitrage        Month ended    Year to    Year      % 
                          Aug 97         date       to date  Change
                                         1997       1996     Year to
                                                             date

     Value (R Million)    18,848        132,125      73,044   +80.88

     Number of Deals     226,324      1,524,260     875,074   +74.19

     Volume (Million)      1,669         11,828       5,378  +119.93

Arbitrage

     Value (R Million)     5,316         39,185      26,787   +46.28

     Number of Deals       7,955         75,467      61,299   +23.11

     Volume (Million)        258          1,962       1,181   +66.13


Excluding Abitrage         1996          1995        1994

     Value (R Million)    117,099        63,247      62,542

     Number of Deals     1,440,24       762,091     820,309

     Volume (Million)       8,993         5,148       5,798

Arbitrage

     Value (R Million)    41,474         21,700      21,575

     Number of Deals     100,089         59,128      53,811

     Volume (Million)      1,798          1,029         998
as at 31 August 1997

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

For further information contact Ailsa Thorpe at the Johannesburg Stock Exchange - Tel: +27 11 377 2306, Fax: +27 11 834 7402, Web:http://www.jse.co.za - or enter text search 'Johannesburg Stock Exchange' and 'Business Monitor'.

c Business Briefing Publishing 1997 - Tel +44 (0) 171 820 7733