Gold reserves are valued at market price taken at 14:30 on each valuation date. Other foreign
reserves are valued at the middle market exchange rate applicable on a specific date
Up to the end of February 2004 referred to as the 'Net open position in foreign currency of the
Transactions against the Rand.
Transactions in third currencies refers to transactions between any two currencies other than
the South African Rand.
Source: JSE Limited.
Excluding free-of-value trades.
Net cash receipts after repayment of redemptions. Internal funds excluded.
Actual number as at the last business day of the particular month.
Sources: JSE, ZAR X, 4 Africa Exchange, A2X Markets and Equity Express Securities Exchange.
Deficit - , Surplus +
Cost - , Profit +
Increase -, decrease +
Source: Statistics South Africa.
Source: National Association of Automobile Manufacturers of SA.
Components revised. See 'Note on the revision of the composite leading and coincidental business
cycle indicators' in the March 2004 Quarterly Bulletin. Previous and new indices were linked in