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
             Dec 1997                   YEAR 1996

Market       230,040         19          241,571          16
Capital-
isation
(Domestic)
(US$ Million)


             JSE             RANKING          JSE            RANKING
             Year to date                  YEAR 1996
             1997

Market       44,696            26             26,997         29
Turnover
(US$ million)

Liquidity %    21.2            37               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