TURNOVER ON THE JSE EQUITIES MARKET

                         Month ended    Year to    Year to    %
                         Aug 1998       date       date       Change
                                        1998       1997       Year to
                                                              date
Excluding Abitrage 

     Value (R Million)    28,785       221,474    220,131     +0.6

     Number of Deals     336,736     2,551,628    2,536,579   +0.6

     Volume (Million)      3,051        22,378     22,245     +0.6

Arbitrage

     Value (R Million)     8,565        65,160     39,185     +66.3

     Number of Deals       8,794        71,907     75,467      -4.7

     Volume (Million)        507         2,925      1,962     +49.1



                           *1997          1996      1995
Excluding Abitrage 

     Value (R Million)   206,542       117,099    63,247

     Number of Deals   2,343,957     1,440,240   762,091

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

Arbitrage

     Value (R Million)    67,612        41,474    21,700

     Number of Deals     115,387       100,089    59,128

     Volume (Million)      3,164         1,798     1,029
* 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
                               Aug 1998   1998      1997     Date

Acquisition of assets          9,366   28,704     13,952      105.7
Rights Issue                     227   12,884      6,212      107.4
Scrip Dividend                   115    3,471      4,601      -24.6
Share Incentive                   47    1,560      2,520       38.1
Via Prospectus                    18      260        114      128.1
Waiver of pre-emptive Rights      10    5,413      4,038       34.1
Other                              2      516      3,130       83.5

TOTAL                          9,785   52,808      34,567      52.8

                                1997     1996      1995

Acquisition of assets         21,612    6,413     1,560
Rights Issue                   9,671    9,835     6,718
Scrip Dividend                 6,366    6,812     5,356
Share Incentive                3,471      925       681
Via Prospectus                   742      944       942
Waiver of pre-emptive Rights   5,170    2,935     1,538
Other                          3,286      535     2,700

TOTAL                         50,318   28,399    19,495

* Totals may vary monthly

ANNULISED JSE LIQUIDITY

                        Month          Month       % Change     Year
                        Ended          Ended       Aug 1997-    to
                        Aug 1998       Aug 1997    Aug 1998     Date

Liquidity               30.3%          17.3%       75.1%        25.4%

                        1997           1996        1995

Liquidity               16.9%          10.9%       7.0%

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

ANALYSIS OF VALUE TRADED ON MAIN BOARD (Excluding Arbitrage)

Value Traded range   Aug 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             106       0.03%         844       0.04%
>7.5 and <=10             47       0.02%         483       0.02%
>5 and <=7.5             135       0.04%       1,109       0.05%
>2.5 and <=5             436       0.14%       3,607       0.16%
>1 and <=2.5           1,749       0.57%      13,582       0.59%
>0.1 and <=1          48,192      15.74%     341,472      14.81%
<=0.1                255,550      83.45%   1,945,056      84.34%

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 JULY 1998

As calculated by the FIBV

                           JSE        Ranking       JSE       Ranking
                         Jul 1998                 Year 1997

Market Capitalisation      213,188       21        230,040        19
(Domestic) (US$ Million)

Market Turnover             35,229       23         44,696        26
(US$ Million)

Liquidity %                   28.8         37         21.2        37

NUMBER OF COMPANIES/SECURITIES LISTING

                        Month         Year to    1997    1996    1995
                        Ended         Date
                        Aug 1998      1998


No of New Listings         10           54         54      28      27
No of Delistings            6           43         38      40      28
Foreign Listings           27           27         27      27      26
Domestic Listings         626          626        615     599     612

TOTAL                     653          653        642     626     638

No of Securities Listed   808          808        759     813     839

FOREIGN TRADE ON THE JSE EQUITIES MARKET (R MILLION)
               Month       Year to         1997      1996        1995
               Ended       Date 
               Aug 1998    1998
Purchases       9,471        82,548       79,515     41,524    24,148

Sales           7,047        48,768       53,314     36,270    19,336

NET (sales)/    2,424        33,780       26,201      5,254     4,812
Purchases

VALUE TRADED ON THE MAIN BOARD (Excluding Arbitrage)

                        July 1998               August 1998
Main Board               84.9%                    82.4%

Other Trades             15.1%                    17.6%

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.

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