7. Annualised JSE Liquidity *


                  Month       Month      % Change   Year to date
                  ended       ended      Oct 96     1997
                  Oct 97      Oct 96     to Oct 97

Liquidity %       21.2        13.0       +63.1       16.8


Liquidity %       1996        1995       1994
                  10.9        7.0        7.5

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

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.