TURNOVER ON THE JSE EQUITIES MARKET

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

     Value (R Million)   26,642        248,116      151,028   64.3

     Number of Deals    308,367       2,859,995    1,734,077  64.9
 
     Volume (Million)     3,177          25,556       13,267  92.6

Arbitrage

     Value (R Million)    6,332          71,492       45,236  58.0

     Number of Deals      7,712          79,619       84,577 -5.9

     Volume (Million)       395           3,320        2,246  47.8



                           *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
                               Sept 1998   1998      1997     Date

Acquisition of assets       1,710     29,972      17,243     73.8
Rights Issue                      22   12,328       7,223     70.7
Scrip Dividend                   137    3,541       4,608    -23.2
Share Incentive                  711    2,200       2,650    -17.0
Via Prospectus                    33      273         120     127.5
Waiver of pre-emptive Rights     110    4,876       4,290      13.7
Other                              0      224       3,130     -92.8

TOTAL                          2,723    53,414     39,264      36.0

                                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       Sept 1997-    to
                        Sept 1998       Sept 1997    Sept 1998     Date

Liquidity               34.3%          18.0%       90.6%        26.4%

                        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   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 <=1          43,711      15.36%     385,183      14.87%
<=0.1                238,453      83.79%     218,3509     84.28%

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         12           66         54      28      27
No of Delistings            6           49         38      40      28
Foreign Listings           27           27         27      27      26
Domestic Listings         632          632        615     599     612

TOTAL                     659          659        642     626     638

No of Securities Listed   820          820        759     813     839

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.

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