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

Excluding Abitrage        Month ended    Year to    Year        % 
                          Jan 98         date      to date   Change
                                         1998       1997     Year to
                                                             date

     Value (R Million)    18,330          18,330     11,771   +55.7

     Number of Deals     197,830         197,830    164,923   +20.0

     Volume (Million)      1,709           1,709      1,117   +53.0

Arbitrage

     Value (R Million)     6,260           6,260      4,154   +50.7

     Number of Deals       8,884           8,884     10,669   -16.7

     Volume (Million)        287             287        193   +48.7



Excluding Abitrage         1997       1996      1995

     Value (R Million)  206,542    117,357    63,247

     Number of Deals  2,343,957  1,443,573   762,091

     Volume (Million)    17,850      8,993     5,148

Arbitrage

     Value (R Million)   67,612     41,579    21,700

     Number of Deals    115,387    100,276    59,128

     Volume (Million)     3,164      1,798     1,029
as at 31 January 1998

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