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

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

     Value (R Million)     21,002        113,227     64,146   +76.6

     Number of Deals      220,936      1,297,936    747,912   +73.5

     Volume (Million)       1,784         10,160      4,625  +119.7

Arbitrage

     Value (R Million)      7,256         33,869     23,915   +41.6

     Number of Deals       10,077         67,512     53,772   +25.6

     Volume (Million)         389          1,704      1,061   +60.6



Excluding Abitrage        1996      1995      1994      

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

     Number of Deals    1,440,240  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 July 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'.