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

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

     Value (R Million)    16,519         206,794    117,099   +76.6

     Number of Deals     162,330       2,343,958  1,440,240   +62.7

     Volume (Million)      1,403          17,854      8,993   +98.5

Arbitrage

     Value (R Million)     6,720          67,612     41,474   +63.0

     Number of Deals       9,784         115,387    100,089   +15.3

     Volume (Million)        301           3,164      1,798   +76.0



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 31 December 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