9. Position in the world league at 31 October 1997.

Of the 42 Federation Internationale des Bourses de Valeurs (FIBV)
member stock exchanges, the JSE ranks as follows according to the
FIBV statistics as at 31 October 1997.*


             JSE             RANKING       JSE            RANKING
             Oct 1997                   YEAR 1996

Market       243,498         18          241,571        16
Capital-
isation
(Domestic)
(US$ Million)


             JSE             RANKING          JSE            RANKING
             Year to date                  YEAR 1996
             1997

Market       37,722            27             26,997         29
Turnover
(US$ million)

Liquidity %    18.6            39               11.2         38

*The ranking of the JSE has been affected by the inclusion of the following Stock Exchanges into the FIBV statistics

*Athens
*Phillipines
*Lima
*Irish
*Lisbon

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