59CK Qnb Fin 26

RNS No 1285w
NEW CENTRAL WITWATERSRAND AREAS LIMITED
13th October 1997

NEW CENTRAL WITWATERSRAND AREAS LIMITED
(Incorporated in the Republic of South Africa)
Registration No. 05/4747/06


INTERIM RESULTS AND DIVIDEND ANNOUNCEMENT
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 1997 (UNAUDITED)



INCOME STATEMENT
                                        Six        Six
                                      months     months        Year
                                       ended      ended       ended
(R000)                               30.9.97    30.9.96     31.3.97
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Investment income                      2 834      2 403       4 610
Interest earned                          355         95         188
Administration expenses                 (326)      (262)       (480)
Grants - educational and welfare         (46)       (37)        (41)
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Headline earnings                      2 817       2 199       4 277
Surplus on realisation
of investments*                        5 440          -           -
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Total net earnings                     8 257      2 199       4 277
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Earnings per share - cents
- headline earnings                    159.5      124.5       242.1
- total net earnings                   467.4      124.5       242.1
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Dividends per share - cents            159.0      122.0       241.0
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BALANCE SHEET                        At         At          At
                                     30.9.97    30.9.96     31.3.97

Shareholder's equity                  16 818     11 394      11 370
Current liabilities                    3 195      2 458       2 429
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                                      20 013     13 852      13 799
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Represented by:
Investments                           11 780     11 790      11 790
Mineral rights at
nominal value of R1                        -          -           -
Cash resources                         7 871      1 736         982
Other current assets                     362        326       1 027
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                                      20 013     13 852      13 799
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Market value of listed investments   126 531    149 962     144 608
Number of shares in issue - 000        1 766      1 766       1 766

Net asset value per share - cents
after providing for dividend
and based on the market value of
listed investments and mineral
rights at nominal value                7 448      8 467       8 163
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*The surplus on realisation of investments arises from the sale, in May 1997,
of 100,000 JCI Limited shares to Saflife Limited.


NOTICE OF DIVIDEND

Dividend No. 64 of 159 cents per share has been declared payable on Tuesday 2
December 1997 to shareholders registered at the close of business on Friday 31
October 1997.  The register of members will be closed from Saturday 1 November
to Saturday 8 November 1997.  The full conditions relating to the dividend may
be inspected at the Head Office and London Office of the company and at the
office of its transfer secretaries.

For and on behalf of the Board

M W King
                     Directors
G P Pardoe


Head Office:
44 Main Street
Johannesburg 2001


London Office:
19 Charterhouse Street
London  EC1N 6QP


END



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