7. Annualised JSE Liquidity * Month Month % Change Year to date ended ended Mar 96 1997 Aug 97 Mar 96 to Mar 97 Liquidity % 17.3 9.7 +78.4 16.1 Liquidity % 1996 1995 1994 10.9 7.0 7.5
* Liquidity calculated on a daily basis and not as at month end
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10 September 1997