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

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

     Value (R Million)    17,387         190,275    105,610   +80.2

     Number of Deals     189,538       2,181,628  1,313,976   +66.0

     Volume (Million)      1,407          16,450      8,116  +102.7

Arbitrage

     Value (R Million)     6,978          60,892     37,314   +63.2

     Number of Deals       9,456         105,603     90,332   +16.9

     Volume (Million)        271           2,862      1,622   +76.4



Excluding Abitrage           1996      1995     1994

     Value (R Million)    117,357   63,247    62,542

     Number of Deals    1,443,573   762,091  820,309

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

Arbitrage

     Value (R Million)     41,579    21,700    21,575

     Number of Deals      100,276    59,128    53,811

     Volume (Million)       1,798     1,029       998
as at 30 November 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