TURNOVER ON THE JSE EQUITIES MARKET
                         Month ended    Year to    Year to    %
                         Jan 1999       date       date       Change
                                        1999       1999       Year to
                                                              date
Excluding Abitrage 

     Value (R Million)   22,834        22,834        18,330   24.6

     Number of Deals    257,941       257,941       197,830   30.4
 
     Volume (Million)     2,783        2,783          1,709   62.8

Arbitrage

     Value (R Million)    6,207        6,207          6,260   -0.8

     Number of Deals      5,929        5,929          8,884   -33.3

     Volume (Million)       328          328            287    14.3



                           *1998          1997      1996
Excluding Abitrage 

     Value (R Million)   319,334      206,542      117,099

     Number of Deals   3,655,200      2,343,957  1,440,240

     Volume (Million)     34,412        17,850       8,993

Arbitrage

     Value (R Million)    89,118        67,612      41,474

     Number of Deals      96,622       115,387     100,089

     Volume (Million)      4,256         3,164       1,798    
* 1997 has been adjusted

EQUITY CAPITAL RAISED ON THE JSE

Equity Capital Raised On The JSE (R Million)*

                               Month      Year to   Year to  % Change
                               Ended      Date      Date     Year to
                               Jan 1999   1999      1998     Date

Acquisition of assets          1,239    1,239       2,349    -48.2
Rights Issue                      61       61         316    -80.7
Scrip Dividend                   237      237         456    -48.0
Share Incentive                  313      313          45    595.6
Via Prospectus                     0        0           0        0
Waiver of pre-emptive Rights     398      398          31   1183.9
Other                              0        0           0        0

TOTAL                          2,248    2,248       3,240    -30.7

                                1997     1996      1995

Acquisition of assets         33,840   21,601     6,413 
Rights Issue                  14,490    9,671     9,835     
Scrip Dividend                14,474    6,366     6,812
Share Incentive                2,803    3,471       925
Via Prospectus                15,989      297       944
Waiver of pre-emptive Rights   7,665    5,170     2,935
Other                            224    3,286       535

TOTAL                         89,485   49,862    28,399

* Totals may vary monthly

ANNULISED JSE LIQUIDITY

                        Month          Month       % Change     Year
                        Ended          Ended       Jan 1998-    to
                        Jan 1999       Jan 1998    Jan 1999     Date

Liquidity               26.1           19.7        32.5          26.1

                        1998           1997        1996

Liquidity               26.7           16.9        10.9                              

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

ANALYSIS OF VALUE TRADED ON MAIN BOARD (Excluding Arbitrage)

Value Traded range   Sept 1998       %       Year to Date       %
R million            Frequency              Frequency
                     Count                  Count

>100                       0       0.00%           0       0.00%
>50 and <=100              0       0.00%           0       0.00%
>25 and <=50               0       0.00%           0       0.00%
>10 and <=25              69       0.02%         913       0.04%
>7.5 and <=10             47       0.02%         539       0.02%
>5 and <=7.5             141       0.05%       1,250       0.05%
>2.5 and <=5             542       0.19%       4,149       0.16%
>1 and <=2.5           1,627       0.57%      15,209       0.59%
>0.1 and 

ALL TIME HIGH TURNOVER FIGURES

                   Daily High      Date        Weekly          Week
                                               High            Ended

Deals                      29,053  18/06/98         98,275   24/04/98
Value               2,776,317,924  18/06/97  8,228,469,943   24/07/98
Volume                254,321,970  26/05/98    877,301,400   29/05/98
Market          1,535,047,032,294  20/04/98
Capitalization

ALL TIME HIGH INDEX CLOSING VALUES

                Index Code             Close               Date

All Share             CI01          8,358.70           20/04/98

Gold                  CI14          2,535.07           07/09/94

Financial             CI24         14,683.88           15/04/98

Industrial            CI27          9,942.67           20/04/98

ALS140                FI01          7,232.41           20/04/98

MINI15                FI11          6,445.81           30/05/96

IND125                FI27          8,857.52           20/04/98

FIND15                FI24          5,478.57           15/04/98

POSITION IN THE WORLD LEAGUE AS AT 31 AUGUST 1998

As calculated by the FIBV

                           JSE        Ranking       JSE       Ranking
                         Aug 1998                 Year 1997

Market Capitalisation      141,996       21        230,040        19
(Domestic) (US$ Million)

Market Turnover             40,239       23         44,696        26
(US$ Million)

Liquidity %                   42.5         35         21.2        37

NUMBER OF COMPANIES/SECURITIES LISTING

                        Month         Year to    1997    1996    1995
                        Ended         Date
                        Sept 1998      1998


No of New Listings          2            2        101      54      28
No of Delistings            8            8         75      38      40
Foreign Listings           26           26         26      27      27
Domestic Listings         636          636        642     615     599

TOTAL                     662          662        668     642     626

No of Securities Listed   855          855        827     759     813

FOREIGN TRADE ON THE JSE EQUITIES MARKET (R MILLION)
               Month       Year to         1997      1996        1995
               Ended       Date 
               Sept 1998    1998
Purchases       8,312        90,860       79,515     41,524    24,148

Sales           5,491        54,259       53,314     36,270    19,336

NET (sales)/    2,821        36,601       26,201      5,254     4,812
Purchases

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 the Johannesburg Stock Exchange - Tel: +27 11 377 2306, Fax: +27 11 834 7402, Website: Click Contact Link