7. Annualised JSE Liquidity *


                  Month       Month      % Change   Year to date
                  ended       ended      Nov 96
                  Nov 97      Nov 96     to Nov 97

Liquidity %       17.8        12.0       +63.1        16.9


Liquidity %       1996        1995       1994

                  10.9        7.0        7.5

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

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