7. Annualised JSE Liquidity *


                  Month       Month      % Change   Year to date
                  ended       ended      Jun 96     1997
                  Jun 97      Jun 96     to Jun 97

Liquidity %       18.3        8.7        +110.3     +15.3


Liquidity %       1996        1995       1994

                  10.9        7.0        7.5

* Liquidity calculated on a daily basis and not as at month end

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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'.