11. Ranking Of Top 20 International Stock Exchanges By Market Capitalisation As At 30 April 1997 (US$ Million) *

Ranking       Stock Exchange                Market Capitalisation
1.            New York                      7,272,283.2
2.            Tokyo                         2,690.106.2
3.            Chicago #                     1,759,832.3
4.            London                        1,732,410.4
5.            Nasdaq                        1,392,430.2
6.            Germany                         710,335.3
7.            Paris                           596,193.2
8.            Toronto                         497,660.1
9.            Hong Kong                       462,180.5
10.           Switzerland                     449,806.7
11.           Amsterdam                       399,439.4
12.           Taiwan                          330,910.1
13.           Australian                      318,729.9
14.           Kuala Lumpur                    288,375.6
15.           JOHANNESBURG                    270,945.3
16.           Rio de Janeiro                  269,450.1
17.           Italian                         264,939.1
18.           Sao Paulo #                     254,070.6
19.           Madrid                          251,975.6
20.           Stockholm                       235,976.8

#Statistics not available for April 1997. March 1997 statistics have not been used.

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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'.