Major International Business Headlines Brief::: 09 July 2018

Mon Jul 9 10:13:13 CAT 2018

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Major International Business Headlines Brief::: 09 July 2018

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*  South Africa mines minister delays finalisation of draft mining charter

*  MTN Nigeria yet to file IPO application, securities regulator says

*  IMF says Cameroon's economic growth to rise to 4 percent in 2018

*  IMF disburses $250 mln loan tranche to Tunisia

*  Ethiopia needs $7.5 bln to finish megaprojects: PM

*  MTN Uganda says security personnel raided its data centre

*  Namibia to climb out of recession this year: cbank

*  Djibouti commissions $3.5 bln Chinese-built free trade zone

*  South Africa's Eskom ups pay rise offer to 6.7 pct, NUM says ready to
strike

*  Nigeria's Dangote expects new oil refinery to account for half of group
assets

*  Xiaomi's trading debut in Hong Kong disappoints

*  China and Russia hit back at Trump tariffs

*  Mothercare to close 60 outlets

*  Church of England threatens oil firm crackdown

*  House prices: The areas where homes never cost £1m or more

 <mailto:info at bulls.co.zw> 

South Africa mines minister delays finalisation of draft mining charter

JOHANNESBURG (Reuters) - South Africa’s mines minister Gwede Mantashe said
on Sunday he will extend by a month a period for public comment on a mining
industry charter which lays out requirements for black ownership levels and
other targets.

Uncertainty around the charter has deterred investment into a sector that
accounts for 8 percent of gross domestic product in the world’s top platinum
producer.

Mantashe said he will extend the period for public comment until the end of
August.

“It gives people a chance to engage more and comment more,” Mantashe said
during his closing speech at an industry summit to discuss the charter.

A draft of the charter published last month extends to five years from one
year the time that existing mining permit holders will have to raise black
ownership levels to 30 percent from 26 percent.

It also proposes a requirement that 10 percent (a third of the 30 percent
black ownership target) for new mining right applicants be granted free to
communities and qualifying employees, dubbed “free carry”, which industry
body The Minerals Council South Africa has opposed.

The charter, published for public comment before entering into law, is part
of South African affirmative action rules aimed at reversing decades of
exclusion under apartheid.

The government and miners had been at loggerheads over a previous version of
the charter, which the Chamber of Mines industry body, now the Minerals
Council, criticised as confusing and a threat to South Africa’s image with
investors.

 <mailto:info at bulls.co.zw> 

MTN Nigeria yet to file IPO application, securities regulator says

ABUJA (Reuters) - MTN Nigeria is yet to file its application for an initial
public offering (IPO), Nigeria’s securities regulator said on Sunday, a
much-anticipated share listing that could value the business at around $5
billion and help revitalise the local stock market.

The Securities and Exchange Commission’s (SEC’s) statement came after
domestic media reported on Thursday that the local arm of the South African
telecoms giant was ready for its shares to be listed.

“Neither MTN Nigeria Limited nor any of its advisers or representatives has
filed any application with the SEC regarding the said IPO,” the regulator
said.

The firm also needs to convert itself from a private to a public company
before it can then sell its shares.

The SEC said in Sunday’s statement that MTN Nigeria is private, meaning it
has less than 50 shareholders, and there had been no request by the company
or its advisers for any form of regulatory review.

MTN did not respond to a phone call, text message and email seeking comment.

According to pre-IPO documents seen by Reuters in February, the telecoms
firm planned to debut by July and raise at least $400 million to cut debt
for its Nigeria unit, valued then at $5.23 billion.

Sources say the company wants to issue shares electronically. That has not
been done before in Nigeria and needs new systems put in place to allow it.

MTN has picked Nigerian investment firm Chapel Hill Denham as lead manager,
while South Africa’s Rand Merchant Bank, Renaissance Capital and Vetiva
Capital were chosen as joint issuers.

Africa’s biggest telecoms firm had planned to list its Nigerian unit in
2017, as part of a settlement with the Nigerian government over unregistered
SIM cards for which it was fined $1.7 billion fine.

IMF says Cameroon's economic growth to rise to 4 percent in 2018

DAKAR (Reuters) - Cameroon’s economy is expected to grow 4 percent this
year, up from 3.2 percent in 2017 due to the start of natural gas production
and construction work for an upcoming soccer tournament, the International
Monetary Fund (IMF) said.

Growth was slower in 2017 because of a sharp decline in oil output but new
infrastructure projects and increased private investment should bring it to
at least 5 percent in the medium term, the IMF said in a statement late on
Friday.

Cameroon, one of central Africa’s largest economies, produces about 180,000
barrels per day of oil and is Africa’s fourth-biggest cocoa producer.

The IMF statement followed a decision by its executive board to approve the
disbursement of $77.8 million as part of a three-year, $680.7-million
financial aid package.

The IMF warned, however, that the economy faces considerable risks,
including deteriorating security in its English-speaking regions — cocoa and
oil-producing areas where separatists are waging a deadly insurgency, and
high debts.

“With significant spending pressures associated with the 2018 elections, a
worsening security situation and the 2019 African Soccer Cup, any additional
oil revenue should be saved,” said Mitsuhiro Furusawa, the Fund’s deputy
managing director, referring to the 2019 Africa Cup of Nations due to be
held next June.

President Paul Biya is due to stand for re-election in the vote later this
year. The 85-year-old has governed since 1982 with little tolerance for
dissent.

IMF disburses $250 mln loan tranche to Tunisia

TUNIS (Reuters) - The International Monetary Fund on Friday approved the
payment of a $250 million tranche, the fourth from Tunisia’s loan programme
tied to economic reforms aimed at keeping its deficit under control, the
fund said.

The tranche brings disbursements so far under the four-year programme to
$1.139 billion, the fund said in statement.

The programme agreement reached in 2016 is worth about $2.8 billion.

Tunisia has been praised as the only democratic success among the nations
where “Arab Spring” revolts took place in 2011. But successive governments
have failed to trim its fiscal deficit and create economic growth.

Tunisia’s central bank last month raised its key interest rate by 100 basis
points to 6.75 percent, the second hike in three months, to tackle inflation
that has reached the highest level since 1990.

The IMF said in May that anchoring inflation expectations through additional
rate increases would be crucial if price pressures did not moderate quickly.

Inflation is expected to reach to about 9 percent for the first time by the
end of this year, officials have said.

The government forecasts the budget deficit to fall to 4.9 percent of gross
domestic product in 2018 from about an estimated 6 percent in 2017. It aims
to raise GDP growth to about 3 percent next year from 2.3 percent last year.

Ethiopia needs $7.5 bln to finish megaprojects: PM

NAIROBI (Reuters) - Ethiopia needs $7.5 billion to finish infrastructure
projects such as a massive dam and roads that the government hopes will
drive industrialisation, the new prime minister said on Friday.

Speaking to parliament before its vote on the 2018/19 budget, Abiy Ahmed
said the government needed to be more efficient and prudent in its spending
of public funds. He said many state-owned enterprises were heavily indebted
and export earnings were a third of the $10 billion annual target.

Abiy took office in April and has pledged sweeping political and economic
reforms.

MTN Uganda says security personnel raided its data centre

KAMPALA (Reuters) - MTN Uganda, a unit of the South African telecoms firm,
said security personnel had raided its data and disconnected four of its
servers.

The firm said in a July 3 letter to the state-run telecommunications
regulator that it had “reported to police a case of illegal intrusion into
the data centre and the disconnection of the four information servers.”

The regulator Uganda Communications Commission (UCC)’s top official
confirmed to Reuters receipt of the letter.

“Yes, yes I have seen on social media that letter. I don’t know who leaked
it but I received it, yes. They were complaining that they were raided,”
Godfrey Mutabazi told Reuters.

MTN Uganda is the country’s largest telecommunications firm with a
subscriber base of above 9 million.

In the letter the company said men who said they were from Uganda Internal
Security Organisation (ISO), a security agency in charge of domestic
intelligence, had on July 2 also kidnapped an employee of its contractor,
Huawei Technologies.

The security personnel then forced the employee to grant them access to a
data centre in a suburb of Kampala where they then proceeded to forcefully
disconnect four servers.

“This incident poses a serious security risk to our telecommunications
infrastructure and customer data,” MTN said.

Police spokesman, Emirian Kayima told Reuters he was “aware of the letter
but I am verifying at the moment. I can’t comment for now.”

Namibia to climb out of recession this year: cbank

WINDHOEK (Reuters) - Namibia’s economy will grow by 0.6 percent in 2018 and
by more than double that in 2019, the central bank said on Friday, following
a recession in the southern African nation last year.

The Bank of Namibia said gross domestic product (GDP) would be supported by
a recovery across most sectors and particularly in manufacturing and mining,
while slower growth in neighbouring South Africa was one of the risks to the
outlook.

Djibouti commissions $3.5 bln Chinese-built free trade zone

DJIBOUTI (Reuters) - Djibouti commissioned a $3.5 billion, Chinese-built
free trade zone on Thursday, deepening ties with the Asian giant and helping
the Horn of Africa nation generate more jobs for its youths.

Djibouti, with a population of 876,000, already hosts Chinese, U.S. and
French naval bases and it also handles roughly 95 percent of the goods
imported by Ethiopia, its land-locked neighbour with 99 million people.

The new trade zone, one of several new port and trade facilities being
developed by Djibouti, covers 48 square kms and was built by China’s Dalian
Port Corporation.

The zone will be jointly operated by Djibouti Ports and Free Zones Authority
and China’s Merchants Holdings company.

“It is ... a zone of hope for thousands of young jobseekers,” Djibouti
President Ismaïl Omar Guelleh said at the inauguration ceremony, which was
also attended by the presidents of Rwanda, Somalia, Ethiopia and Sudan.

The agreement to build the free trade zone was signed in March 2016 as part
of China’s “One Belt, One Road” initiative, which is a bid to expand trade
routes with a series of infrastructure initiatives stretching across 60
countries.

“Our strategic location and world-class facilities have ... seen Djibouti’s
importance as a trade hub recognised globally,” Aboubakar Omar Hadi,
chairman of the Djibouti Ports and Free Trade zone, told Reuters at the
ceremony.

South Africa's Eskom ups pay rise offer to 6.7 pct, NUM says ready to strike

JOHANNESBURG (Reuters) - South Africa’s state-run power utility Eskom has
raised its latest pay rise offer to 6.7 percent from around 6 percent to
three unions it is in negotiations with, a source with the National Union of
Mineworkers (NUM) said on Friday.

The NUM source earlier said its members were demanding as much as 12 percent
but would “settle” for 9 percent as well as a housing allowance and annual
bonus, and were prepared to declare a strike on Tuesday if no settlement is
reached by then.

Eskom has rejected the demand for a housing allowance and annual bonuses,
the source said. The utility could not immediately be reached for comment.

The NUM is one of three labour unions locked in a wage dispute with
cash-strapped Eskom, which initially refused to raise salaries this year,
triggering protests and a spate of rolling black-outs in Africa’s most
industrialised economy.

Nigeria's Dangote expects new oil refinery to account for half of group
assets

LAGOS (Reuters) - An oil refinery being built by Aliko Dangote will account
for half of his conglomerate’s assets when it is finished next year, a
senior executive told Reuters, underscoring the scale of the bet being made
by Africa’s richest man on Nigerian oil and gas.

Dangote has built his fortune on cement, although his sprawling business
empire also spans flour milling, agriculture and real estate. Now he is
building the world’s largest single oil refinery and also expanding into
fertiliser, aiming to address long-standing problems in Nigeria’s energy
markets.

Though Africa’s biggest crude oil producer, Nigeria imports almost all of
its gasoline due to poor maintenance of its four state-owned refineries.
Dangote hopes to meet the fuel needs of Africa’s most populous nation, where
poor power supply forces families and businesses to rely on diesel-powered
generators.

Dangote Group Executive Director Devakumar Edwin said the $10 billion
refinery should be completed by December 2019.

“As of today, cement is the biggest (part of the group). By 2020, the
refinery will be the biggest (by assets),” he told Reuters in an interview
at the site in the Lekki district of southwestern Lagos state.

Dangote Cement, Nigeria’s biggest listed company, has attracted investment
from Dubai and South African sovereign funds. It posted a 2017 profit of
289.6 billion naira ($920.8 million), up 60 percent on 2016, and is valued
at $4 billion.

Edwin said the oil refinery, with capacity to produce 650,000 tonnes, would
also target export markets.

“Our primary focus is Nigeria, to meet the entire local demand, but we have
the capacity to export more than 50 percent of what we produce, so the
secondary focus will be on western Africa and central Africa,” he said.

Edwin said the company had held talks with firms including Vitol and Shell
over the supply of crude and lifting of petroleum products for sale abroad.

The Dangote refinery will be able to process different grades of crude
including shale oil.

The company is borrowing $3.3 billion for the project, arranged by Standard
Chartered Bank. The remainder will be funded by equity and through export
agencies, Edwin said.

Dangote has also acquired two oil fields in Nigeria from Shell to help
supply the refinery.

Edwin said the first phase of the 1.5 million tonne capacity fertiliser
plant, on the same Lagos state site, would be completed in September and
start operating in December. The second line, also 1.5 million tonnes, will
start four months later, he added.

The refinery and petrochemical complex located on 25,000 hectares of swampy
land includes a jetty to ferry products by sea within Nigeria and abroad and
an undersea pipeline to transport gas.

Dangote will consider listing the oil refinery once it comes onstream, Edwin
added.

He said that would follow a planned listing of the cement company in London
next year after elections in Nigeria. That listing has been mooted for a
number of years.

Plans have been delayed to enable the company to meet requirements for the
listing, which Edwin said had been completed. He said the listing could help
it fund acquisitions overseas.

($1 = 314.50 naira)

Xiaomi's trading debut in Hong Kong disappoints

Shares in Chinese smartphone maker Xiaomi fell by 6% at the beginning of its
first day of trading on Hong Kong's stock market.

The world's fourth-largest smartphone maker raised $4.7bn (£3.5bn) - just
over half the target it hoped for last year - valuing the company at $54bn.

As the first of many Chinese tech firms to list in Hong Kong in 2018, it
marks a disappointing start for the sector.

Chinese stocks have fallen recently in the lead up to the US-China trade
war.

Xiaomi's trading debut was the biggest technology share sale since fellow
China tech giant Alibaba raised $25bn in 2014.

Xiaomi: A beginner's guide to 'China's Apple'

It was also being seen as an important tech listing for Chinese peers
scheduled to make their own initial public offerings in the coming months.

They include online food delivery and ticketing platform Meituan Dianping
and entertainment giant Tencent Music, which both plan to list their shares
on the Hong Kong stock exchange later this year.

But shares in Xiaomi, the firm often called China's Apple, fell from HK$17
to as low as HK$16 in the first hour of trade, although the price recovered
some of the ground lost later in the day.

Global ambitions

Outside its home market in China, Xiaomi is a major player in India where it
rivals Samsung as the most the popular handset maker.

Last year, Xiaomi moved into the Spanish market and reports suggest it is
also looking to get into the US to take on Apple.

While smartphones make up 70% of Xiaomi's revenue, its fastest-growing
division focuses on internet-connected home appliances and gadgets,
including air purifiers and rice cookers.

Despite sales of 114.62bn yuan (£13.2bn; $18bn) in 2017, the firm reported a
net loss of 43.9bn yuan compared with a net profit of 491.6bn yuan in 2016.

Xiaomi also faces stiff competition from the likes of Apple, Huawei, Lenovo
and Samsung, as well as local mobile phone makers Vivo and Oppo.

Its Hong Kong share listing comes as Chinese stock markets have been on the
defensive amid growing trade tensions between the US and China.

On Friday, the US fired the opening shot in an outright trade war between
the two economic giants.

Against that backdrop, Hong Kong's benchmark Hang Seng index fell 2.7% last
week and is down 5.8% so far this year.

The trade tensions have also affected confidence among investors in mainland
China, with the Shanghai Composite also down sharply this year.--BBC

China and Russia hit back at Trump tariffs

China has hit back after US tariffs on Chinese goods came into effect and
President Donald Trump threatened to impose more.

China's commerce ministry said it had lodged a new complaint with the World
Trade Organization (WTO).

Meanwhile, Russia has announced extra duties on US imports in retaliation
for earlier US steel tariffs.

Beijing has accused the US of starting the "largest trade war in economic
history".

Charting the US-China trade battle

How a US-China trade war could hurt us all

Trade row: What has happened so far?

What tariffs are now in effect?

US tariffs on $34bn (£25.7bn) of Chinese goods came into effect on Friday.

China retaliated by imposing a similar 25% tariff on 545 US products -
including cars, soya beans and lobsters - also worth a total of $34bn.

Russia is introducing extra duties on a range of products imported from the
US that can be replaced by locally made equivalents.

They include road-building equipment, products for the oil and gas industry,
and tools used in mining.

Mr Trump has already imposed tariffs on imported washing machines and solar
panels, and started charging levies on the imports of steel and aluminium
from the European Union, Mexico and Canada.

The US tariffs imposed so far would affect the equivalent of 0.6% of global
trade and account for 0.1% of global GDP, according to Morgan Stanley.

What is President Trump threatening?

The US president said America might target Chinese goods worth $500bn - the
total value of Chinese imports in 2017.

The White House had previously said it would consult on tariffs on another
$16bn of products, which Mr Trump has suggested could come into effect later
this month.

Mr Trump said: "You have another 16 [billion dollars] in two weeks, and
then, as you know, we have $200bn in abeyance and then after the $200bn, we
have $300bn in abeyance. OK? So we have 50 plus 200 plus almost 300."

The American tariffs are the result of Mr Trump's attempt to protect US jobs
and stop what he calls "unfair transfers of American technology and
intellectual property to China".

Behind the trade war, there is conflict within the Trump administration.
Hardliners such as Peter Navarro, a trade policy adviser, says the US is
defending itself against an "aggressive" China. Meanwhile, some of the
officials who previously worked for the Obama administration - known as
"holdovers" - are hoping to tamp down the US-China conflict.

The tension between these factions is occasionally on display in the West
Wing. I've seen two hardliners struggle over a podium, vying for a chance to
broadcast Trump's harsh message on economic issues, while the holdovers sit
quietly at the side of the room.

This reflects a larger division in the White House: Trump and his closest
aides are trying to bring about radical change, while those who support a
more cautious approach find themselves sitting in silence.

What do China and Russia say?

"Trade war is never a solution," said Chinese Premier Li Keqiang. "China
would never start a trade war, but if any party resorts to an increase of
tariffs then China will take measures in response to protect development
interests."

The government-run English language China Daily newspaper said: "The Trump
administration is behaving like a gang of hoodlums with its shakedown of
other countries, particularly China."

Russia says US tariffs on steel and aluminium, introduced in March, will
cost its companies more than half a billion dollars.

Will there be a full-scale trade war?

Analysts at Bank of America Merrill Lynch forecast only a modest escalation
in the US-China battle, adding: "However, we can't rule out a full-blown,
recession-inducing 'trade war'."

Rob Carnell, chief Asia economist at ING, said: "This is not economic
Armageddon. We will not have to hunt our food with pointy sticks.

"But it is applying the brakes to a global economy that has less durable
momentum than appears to be the case."

Carmaker BMW said it could not absorb all of the 25% tariff on the cars it
exports to China from a plant in Spartanburg, South Carolina and would have
to raise prices.

The new tariffs had little impact on Asian stock markets. The Shanghai
Composite closed 0.5% higher, but ended the week 3.5% lower - its seventh
consecutive week of losses.

Tokyo closed 1.1% higher and European markets were up more than 1% in
morning trading before turning negative on Friday afternoon.--BBC

Mothercare to close 60 outlets

Struggling mother and baby products retailer Mothercare says it will shut 60
stores by June 2019, instead of the 50 previously earmarked for closure.

The extra closures mainly come from its Childrens World division, which will
go into administration.

The closures will put 900 jobs at risk, up from the 800 previously stated.

Mothercare also confirmed that it would be raising another £32.5m from its
existing shareholders by issuing new shares.

Although Childrens World is being wound up, 13 of its 22 stores, mainly in
out-of-town locations, will transfer to other Mothercare group companies and
stay open.

The company has not yet given details about which stores will stay open.

Mothercare's chief executive, Mark Newton-Jones, told the Today programme
that its UK business had suffered from a lack of investment and "hadn't had
a lick of paint" in recent years.

However, its rescue plan would now allow it to modernise as a retailer.

He said: "We will really be able to speed up the transformation, and by God
we need to speed up the transformation, because the retail landscape is
pretty brutal at the moment."

Mr Newton-Jones added that Mothercare had "grown prolifically" outside the
UK, with two-thirds of the retailer's turnover now coming from overseas.

The restructuring of Mothercare comes after creditors backed a company
voluntary arrangement (CVA), which allows companies to shut loss-making
shops and reduce rents.

However, the plans for Childrens World were not approved by the necessary
75% majority, prompting the decision to close the division down.--BBC

Church of England threatens oil firm crackdown

The Church of England will sell its shares in oil and gas firms which fail
to do enough to tackle climate change.

It will pull its investment out of firms not on track to meet the Paris
Agreement on climate change by 2023.

The General Synod, the church's parliament, voted 347 to four in favour of
the symbolic move.

The Church of England said the vote made it clear that "the church must play
a leading role on the urgent issue of climate change."

The outcome is weaker than the original vote proposed which had suggested a
deadline of 2020 for assessing firms' progress on tackling climate change.

A Church of England spokesperson said the longer time frame would enable the
Church to "push for real change" in the sector.

Ahead of the vote, David Walker, deputy chair of the Church Commissioners,
the body which manages the Church's investments, had said selling its
investments in gas and oil firms by 2020 would leave its strategy and
influence "in tatters".

"It would not spur companies to change further and faster. It would do the
exact opposite; it would take the pressure off them," he said at the time.

The new rule will apply to the Church Commissioners' £8.3bn investment fund,
as well as a £2.3bn retirement fund overseen by the pensions board and a
further £2bn of other Church of England funds.

The Church Commissioners had around £123m invested in oil and gas firms at
the end of last year.

Charity Christian Aid's head of UK advocacy Tom Viita said the vote had put
"oil majors on notice".

"If oil companies continue to drag their heels, there is nothing to stop the
Church divesting earlier if they, or Synod, are not satisfied with the speed
of change," he added.

The Church's ethical investment policy dictates that all investments should
be compatible with Christian values and "recommends against investment" in
companies which make more than 3% of their income from pornography, 10% from
military products and services, or 25% from other industries such as
gambling, alcohol and high interest rate lenders.

However in 2013, it emerged that the Church had indirectly invested in
payday loan firm Wonga - which the Archbishop of Canterbury, Justin Welby,
admitted to being "embarrassed and irritated" about. It has since ended that
investment.--BBC

House prices: The areas where homes never cost £1m or more

Tens of thousands of £1m-plus homes have been sold in the last 10 years -
but in 16 areas of England and Wales no property topped the £1m mark.

While one-bedroom flats can sell for millions in London, the most luxurious
properties in areas from Gateshead to Gloucester cost less than £1m.

A delve into Land Registry data by the BBC in May revealed that sales of
£1m-plus homes hit a new high last year.

Fresh research shows where property has not collected a seven-figure sum.

'We have people retiring to here'

Stoke-on-Trent is famously a capital of ceramics but it is not the pottery,
but the property, that is attracting some people here.

In the window of estate agent Reeds Rains are a series of homes listed at
between £80,000 and £120,000.

Inside manager Martin Critchlow says that the relatively low prices attract
investors, first-time buyers, and pensioners.

"We have people retiring to here from places like Kent, because they can get
more for their money," he says.

Buy-to-let investors, who typically make up about half of his clientele, are
attracted by the relatively lack of boom and bust in the local market,
alongside steady demand from tenants, he says.

"They are not going to find a goldmine, but they know the bottom is not
going to fall out of the market," he says.

First-time buyers can also buy properties that their counterparts in some
other parts of the country can only dream about.

He tells of one recent example, when a buyer bought his first home - a
three-bedroom detached with a garage - for £160,000.

Other £1m-free zones

The 16 areas where transactions have never exceeded £1m since the start of
2007 are clustered primarily in the North West of England (seven), with
three in Wales.

These areas are not seeing top-end house prices, yet there is no absence of
luxury among the properties currently for sale at less than £1m.

For example, there is a five-bedroom detached home complete with games room,
sauna, gym and wine cellar on the market for £950,000 in Worcester.

In Pendle, a gated five-bedroom home built in 1890 is for sale at an asking
price of £875,000. Some of the original features remain, such as the
servants' bells and oak panelling.

While in Hyndburn, the owners are asking for slightly less for a 19th
century four-bedroom farmhouse with 15 acres of land which houses 10 stables
for horses.

Record rise

Previous research showed that, during the past decade, most £1m-plus
properties were sold in London, but sales have doubled in the East of
England - the biggest increase of any region in England and Wales.
University cities such as Cambridge and Bristol saw £1m-plus sales surge.

A total of 125,898 property sales have been completed in England and Wales
for £1m or more since the start of 2007, the latest available transaction
data from the Land Registry shows.

The local authority with the most sales during that period was Westminster
in London, with 12,917.

You can see how many were sold in your area with this calculator.--BBC

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

NicozDiamond

shares delist from the ZSE

06/07/2018

Zimbabwe

Heroes’ Day

Zimbabwe

13/08/2018

Zimbabwe

Defence Forces Day

Zimbabwe

14/08/2018

The Harare Agricultural Show

The Harare Agricultural Show

The Harare Agricultural Show

August 27- September 1

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notice. Securities or financial instruments mentioned herein may not be
suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
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for guideline purposes only and sourced from third parties.

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Bulls n Bears 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

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