Major International Business Headlines Brief::: 23 November 2018

Fri Nov 23 09:08:21 CAT 2018

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Major International Business Headlines Brief::: 23 November 2018

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*  Zimbabwe miner RioZim demands $92 mln from central bank in lawsuit
-document

*  South Africa raises lending rate to 6.75 percent in tight call

*  BP to invest $1 bln in South Africa, including refinery upgrade

*  Nigerian central bank set to reach deal in $8.1 bln MTN dispute

*  IMF approves disbursement of $15.4 mln to Malawi

*  Steinhoff's US unit Mattress Firm exits bankruptcy, shuts 660 stores

*  Congo's 9-mth copper output up 8.7 pct, cobalt nearly doubles

*  Nigeria's central bank holds benchmark lending rate at 14 pct

*  South Africa's Tiger Brands to spin off 42 pct stake in Oceana

*  GCHQ warns on Black Friday cyber-threat

*  Facebook v Soros: 'Congress must probe'

*  D&G: China shopping sites pull products in ad backlash

*  South Korea closes largest dog meat slaughterhouse

*  Americans find meaning in money more than friends or religion

 <mailto:info at bulls.co.zw> 

Zimbabwe miner RioZim demands $92 mln from central bank in lawsuit -document

HARARE (Reuters) - Zimbabwean miner RioZim is demanding $92 million from the
central bank in a lawsuit brought to force the Reserve Bank to pay for more
of its gold purchases from the company in U.S. dollars, court documents
showed.

Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya gestures as he
delivers his 2018 Monetary Policy Statement in Harare, Zimbabwe February 7,
2018. REUTERS/Philimon Bulawayo

Miners are struggling as Zimbabwe grapples with an acute shortage of
dollars.

Producers sell all their gold to the central bank’s subsidiary Fidelity
Printers and Refiners, which then exports it. RioZim, however, says that
since 2016 the central bank only paid for 15 percent of gold it purchased
from the company in dollars, breaching its policy to pay for 30 percent in
the U.S. currency.

The central bank has not commented on the lawsuit.

RioZim first announced on Oct. 9 that it would take legal action against the
central bank, signalling impatience by miners over the dollar shortages.

In its summons filed with the High Court dated Nov. 14, RioZim says it
failed to receive $48 million due in payments from the central bank for its
sales in dollars and suffered losses of $44 million due to lost production.

“The plaintiff suffered a direct loss of money and the devaluation of the
purchasing power of its earnings ...,” RioZim said in the documents seen by
Reuters on Thursday.

The company says failure to receive dollar payments left it unable to import
equipment and materials for capital projects, putting its operations in
jeopardy.

The gold miner shut its three mines last month due to the dollar crunch
until it can find a solution.

RioZim CEO Bekhinkosi Nkosi did not answer calls to his mobile phone for
comment, while company attorneys Devittie Rudolph and Timba refused to
comment.

The southern African nation adopted the U.S. dollar in 2009 to tame
hyperinflation, but it is facing acute dollar shortages and that has sent
prices of basic goods spiralling and inflation rising to double digits.

On Monday, in a change of policy, central bank Governor John Mangudya and
the deputy minister for mines announced that the government would allow
gold, platinum and chrome mining companies to retain up to 55 percent of
their earnings in dollars, up from 30 percent. The move is aimed at ensuring
operators remain viable.

Mangudya could not be reached for comment on the lawsuit.

 <mailto:info at bulls.co.zw> 

South Africa raises lending rate to 6.75 percent in tight call

PRETORIA (Reuters) - South Africa’s central bank increased its benchmark
lending rate by 25 basis points to 6.75 percent on Thursday in a close
decision, saying the longer term inflation outlook remained elevated and
that it could not risk waiting until later to act.

In a poll taken by Reuters last week, 16 of 26 economists said the South
African Reserve Bank (SARB) would keep its repo rate at 6.50 percent while
the rest opted for a 25 basis-point hike.

Three of the six Monetary Policy Committee members wanted a 25 basis points
increase while the other three called for no change, Governor Lesetja
Kganyago told reporters in Pretoria.

“We then closed the room, debated vigorously until a decision was made. In
the end, the decision was that we go with the 25 basis points hike,”
Kganyago said.

“Delaying the adjustment could cause inflation expectations to become
entrenched at higher levels and that contributes to second round effects
that would require an even stronger monetary policy response,” Kganyago
said.

The rand was buoyed by the decision, firming by more than 1.3 percent to the
dollar, its strongest level since Aug 10. It later traded at 1.01 percent
firmer at 13.7750.

BP to invest $1 bln in South Africa, including refinery upgrade

CAPE TOWN (Reuters) - BP Southern Africa (BPSA) will invest $1 billion in
South Africa in the next five years with more than a quarter of that set
aside to upgrade the SAPREF refinery to produce lower sulphur diesel, its
chief executive said on Thursday.

The 180,00 barrels per day SAPREF refinery, South Africa’s largest, is a
50:50 venture between Royal Dutch Shell and BPSA, a subsidiary of British
oil major BP. The plant is located in the east coast city of Durban.

BP would invest 3.5 billion-4 billion rand ($252 million-$288 million) in
the refinery upgrade, Chief Executive Priscillah Mabelane told Reuters,
adding that about 40 percent of the total $1 billion investment would go on
retail activities.

She said the upgrade would make “sure the refinery can meet the new
specifications in terms of low sulphur and Marpol regulations.”

The plant would shut for maintenance from May to June 2019, she added.

The upgrade has been driven by new rules demanding a lower fuel sulphur
content and changing customer preferences for cleaner diesel, such as D50
and D10.

Refinery operators have been in long-running talks with government on how to
recover costs from upgrading work needed to produce cleaner fuel in South
Africa, the continent’s most industrialised economy.

“From an industry perspective we are pushing very hard to ensure that there
is policy clarity because we have been on this journey very long, almost a
decade,” Mabelane said about the ongoing talks.

Industry players estimated in 2009 that the cost to upgrade to cleaner fuels
would be about $4 billion.

Other operators in the sector include Total and Sasol.

Besides upgrading the refinery, Mabelane said BPSA would expand its retail
activities in South Africa.

“We are aggressively going to grow our footprint in the country,” she said
on the sidelines of an event with retailer partner Pick n Pay to launch a
new innovation for a loyalty card that will also work at BP fuel stations
nationwide.

BP was looking at opportunities to expand its services in Mozambique, where
it is the second largest oil company, Mabelane said. “The market is exciting
and dynamic,” she said.

($1 = 13.8783 rand)

Nigerian central bank set to reach deal in $8.1 bln MTN dispute

ABUJA (Reuters) - Nigeria’s central bank is on the verge of an agreement
over a $8.1 billion dispute with South African telecoms firm MTN, its
governor Godwin Emefiele said on Thursday, declining to provide further
details.

In August, the central bank ordered MTN and its banks to bring $8.134
billion back into Nigeria, sending the company’s shares plummeting. The
regulator alleged the firm had sent the funds abroad in breach of foreign
exchange regulations.

“We have held meetings with the MTN group and we are at the verge,” Emefiele
said on Thursday. “I am optimistic that we have reached the end of the
road.”

MTN was not immediately available for comment.

The governor said the company had submitted documents making the impending
agreement possible, and that no other firm or person is being investigated
for similar issues.

MTN’s latest troubles come about two years after it agreed to pay more than
$1 billion to settle a dispute over SIM cards in Nigeria, whose finances
have been hit by a weak economy and volatile global oil prices.

Nigeria, which accounts for a third of MTN’s annual core profit, making it
MTN’s biggest market.

MTN’s lenders - Standard Chartered, Stanbic IBTC Bank, Citibank and Diamond
Bank - were also fined in connection to the money transfer.

IMF approves disbursement of $15.4 mln to Malawi

JOHANNESBURG (Reuters) - The International Monetary Fund (IMF) has approved
the disbursement of $15.4 million to Malawi as part of a three-year loan
arrangement to assist the southern African country’s economic and financial
reforms.

The $108.2 million three-year arrangement was approved in April this year
and the current draw brings the total disbursements under the arrangement to
$30.9 million, the fund said.

“Malawi’s program performance has been satisfactory. Program-supported
structural reforms advanced and most performance criteria were met,” IMF
Deputy Managing Director Tao Zhang said in a statement late on Wednesday.

Steinhoff's US unit Mattress Firm exits bankruptcy, shuts 660 stores

(Reuters) - Steinhoff International said on Thursday its Mattress Firm Inc
unit, the largest U.S. mattress retailer, emerged out of bankruptcy with
access to $525 million in exit financing, within two months of filing for
Chapter 11 protection.

Mattress Firm also closed about 660 underperforming stores, said Steinhoff,
which has been working on a deal to restructure the debt of some units after
revealing multi-billion-euro holes in its balance sheet.

The store closures still leave the Houston-based company with about 2,600
stores across the United States.

“Today’s announcement is a further positive step in the wider Steinhoff
restructuring process, which continues to make good progress,” Steinhoff
acting CEO Danie van der Merwe said.

Mattress Firm, founded in 1986, had filed for voluntary bankruptcy
protection in early October, gaining some breathing room to restructure and
shore up its finances.

The retail industry has seen a series of bankruptcies, including Toys “R”
Us, over the last couple of years on mounting pressure from e-commerce
companies like Amazon.com Inc.

Congo's 9-mth copper output up 8.7 pct, cobalt nearly doubles

DAKAR (Reuters) - Copper output in Democratic Republic of Congo rose 8.7
percent year on year through the first nine months of 2018 to 908,695 tonnes
while cobalt production jumped 92.5 percent to 115,116 tonnes, the central
bank said on Thursday.

Congo is Africa’s top copper producer and the world’s leading miner of
cobalt, which is a key component in electric vehicles and other electronic
products.

Gold production rose 20.2 percent over the same period to 28,064 kg, central
bank data showed.

Nigeria's central bank holds benchmark lending rate at 14 pct

ABUJA (Reuters) - Nigeria’s central bank kept its main interest rate at 14
percent on Thursday, its governor Godwin Emefiele said.

The rate has been at the record high level of 14 percent since July 2016.
Analysts polled by Reuters predicted that the bank would hold interest rates
at 14 percent and continue to do so through 2019.

Emefiele said all of the 11 members of the monetary policy committee who met
voted to hold the rate.

Nigeria emerged from its first recession in 25 years in 2017 but continues
to suffer from sluggish growth and high inflation.

“A hold position is an expression of confidence in the policy regime, given
the gradual improvement in both output growth and price stability,” Emefiele
said.

Economic growth dipped to 1.50 percent in the second quarter, continuing a
slowing trend that began in the first quarter.

President Muhammadu Buhari, who came to power in 2015 partly on promises to
revive the economy, is seeking a second term in elections to be held in
February 2019.

South Africa's Tiger Brands to spin off 42 pct stake in Oceana

JOHANNESBURG (Reuters) - South Africa’s Tiger Brands, which is recovering
from a food contamination crisis, will spin off its 42 percent stake in
fishing company Oceana Group, worth $330 million, to focus on growing its
food and drinks business.

The move comes as part of a strategic review at Tiger Brands, South Africa’s
biggest consumer foods maker, which produces bread, breakfast cereals and
energy drinks, and which is aiming to return its core operations to
profitable growth.

Tiger Brands reported a 26 percent decline in full-year headline earnings
per share on Thursday.

“It’s about being more focused on our core portfolio and giving as much
attention as possible to growing our core brands,” chief executive Lawrence
Mac Dougall told reporters.

The approximate date of Oceana’s unbundling is April 2019.

Oceana Group, which has sales of 7.7 billion rand ($553.46 million)
according to Mac Dougall, describes itself as the largest fishing company in
Africa.

At 1118 GMT, shares in Tiger Brands were up 4.42 percent at 282.88 rand,
Oceana was down 1.72 percent.

Tiger Brands’ strategic review also suggests expanding into Africa on a
“very cautionary” basis. This involves a “route-to-market” model as opposed
to acquisitive growth, Mac Dougall said.

The food producer will start in Kenya and move into Nigeria and Central
Africa. Expansion into North Africa “will take us a little bit longer and
that might have to be acquisitive growth,” Mac Dougall said.

“We believe this will deliver high double digit growth over the next few
years for us at a margin that is accretive to our South African business.”

Tiger Brands manufactures food through stakes in local companies in Nigeria,
Cameroon and Zimbabwe and also distributes its products across much of
southern and central Africa, as well as in the United States, Australia and
parts of Europe.

Tiger Brands said HEPS from total operations for the full-year ended
September fell to 1,587 cents from 2,161 cents.

Revenue declined by 9 percent to 28.5 billion rand due to the suspension of
operations at its cold meat facilities in response to a deadly listeria
outbreak and a depressed consumer environment.

Recall and related costs to date amounted to 380 million rand net of initial
insurance claims, Tiger Brands said.

($1 = 13.9125 rand)

GCHQ warns on Black Friday cyber-threat

Black Friday sales could be targeted as "prime pickings" for cyber-crime,
the UK's cyber-security defence agency has warned shoppers.

The National Cyber Security Centre, part of the GCHQ intelligence service,
is issuing advice to shoppers of the risk of "malicious" online threats.

It is the first such official cyber-warning in the run-up to the Christmas
shopping season.

"It's vital that knowledge is shared," says Ian Levy of the cyber-agency.

The cyber-wing of the GCHQ communications centre says it wants to start a
"national cyber-chat" on Black Friday when billions are spent on online
shopping.

Speaking in public

It might be known for working in secret, but the agency wants to engage with
the public over the seriousness of the threat.

It has been involved in trying to tackle more than 550 significant
cyber-incidents in the past 12 months, and has taken down almost 140,000
"phishing" websites used by fraudsters.

The National Cyber Security Centre (NCSC) is giving tips for individual
consumers to avoid cyber-crime - and for the first time it will be
publishing answers to questions from the public on Twitter.

"Staying safe online doesn't require deep technical knowledge, and we want
the whole country to know that the NCSC speaks the same language as them,"
said Mr Levy, the cyber-defence agency's technical director.

"With so many of the UK shopping online, we want to see these tips shared
from classrooms and scout groups to family dinner tables and old people's
homes."

The agency's chief executive, Ciaran Martin, recently told a meeting of
business leaders of a "serious and sustained" threat, including from "elite
hackers" in other countries.

"It is not speculation and it is not scare-mongering," said Mr Martin.
"Large-scale criminal cyber-activity is, sadly, ubiquitous."

This could include the "theft of millions" from retailers and attacks on
financial networks on which shops depend, he said.

'Post-Christmas headache'

A data breach had an average cost of £3m, he said - and there were estimates
that the WannaCry cyber-attack last year had cost the United States £3.5bn.

Another cyber-attack last year, known as NotPetya, had cost one firm up to
£250m, including the cost of replacement IT equipment.

The British Retail Consortium is backing the calls for better cyber-security
during the Christmas shopping season.

"With more and more shoppers looking to get the best deals online, retailers
continue to invest significantly in developing the right tools and expertise
to protect against cyber-threats," says James Martin, security adviser to
the retailers' organisation.

But he warned of the danger of cyber-crime causing a "post-Christmas
headache".

The National Cyber Security Centre's advice to reduce the risk of
cyber-crime is:

Install the latest software and app updates

Choose strong and separate passwords for accounts

Type in a shop's website address rather than clicking on links in emails

Avoid over-sharing unnecessary information with shops, even if they ask

Don't panic if you think you've been a victim of fraud

Keep an eye on bank accounts for unrecognised payments

Make sure all your home gadgets are secure--BBC

Facebook v Soros: 'Congress must probe'

One of George Soros's lieutenants has called on US politicians to probe
Facebook, after the social network confirmed that it had hired a PR firm to
make claims about the financier.

The head of Mr Soros's grant-making network claimed Facebook had smeared the
philanthropist, adding "this needs independent, congressional oversight".

Sheryl Sandberg, Facebook's deputy chief, has also clarified her role.

She said she had been told of the PR firm but had not remembered its name.

The latest developments follow the social network's decision to publish a
memo by its departing communications chief, Elliot Schrage.

In it, he confirmed Facebook had directed the PR firm Definers to
investigate Soros's links to the Freedom from Facebook campaign, which is
seeking the company's break-up.

Mr Schrage added that related documents were then sent to journalists on
Facebook's behalf.

The memo had originally been sent to Facebook's staff and had already been
leaked to the news site Techcrunch .

But its re-publication by Facebook represented the first confirmation that
Definers had not been engaged in a rogue operation.

Patrick Gaspard, president of Mr Soros's Open Society Foundations, responded
by calling for an official investigation, and suggested that Facebook had
deliberately timed the revelation to coincide with the US Thanksgiving
holiday.

In addition to publishing Mr Schrage's message, Facebook also issued an
update from its chief operating officer Sheryl Sandberg.

A week ago, she wrote written that she had not known that Facebook had hired
Definers, the PR firm involved, nor knew about the work it had done on her
company's behalf.

Chief executive Mark Zuckerberg had also described both himself and his
deputy as having been kept "out of the loop".

Ms Sandberg now acknowledges that she had in fact been told about the
company.

"Last week, I didn't remember a firm called Definers," she wrote.

"I asked our team to look into the work Definers did for us and to
double-check whether anything had crossed my desk,

"Some of their work was incorporated into materials presented to me and I
received a small number of emails where Definers was referenced."

Ms Sandberg added that she rejected claims that her firm had sought to put
the spotlight on Mr Soros in order to exploit racist conspiracy theories
against him.

"It was never anyone's intention to play into an anti-Semitic narrative
against Mr Soros or anyone else. Being Jewish is a core part of who I am and
our company stands firmly against hate," she wrote.

'Menace to society'

Some company-watchers have suggested that Facebook's decision to publish the
memo marks an attempt to protect Ms Sandberg.

She had reportedly angered "many people" within her firm by attempting to
distance herself from the controversy, according to an earlier report by the
Wall Street Journal, which said she had a reputation for closely managing
Facebook's media strategies.

Mr Schrage wrote that he took responsibility for the affair.

He said that his team had only asked Definers to look into Mr Soros after
the billionaire had described the social network as being a "menace to
society".

But Mr Schrage provided no evidence that Mr Soros was more directly involved
in the campaign.

And although he acknowledged that he "should have known of the decision to
expand [Definers'] mandate," he did not address specifically how he thought
the PR firm had overstepped the mark.

His memo did, however, touch on the fact that Facebook has become prone to
leaks.

"I'm deeply disappointed that so much internal discussion and finger
pointing has become public," Mr Schrage wrote.

"This is a serious threat to our culture and ability to work together in
difficult times."

President Cook

The New York Times has also published a follow-up report to its original
expose about Facebook and Definers.

It contains claims that Definers also engaged in a campaign against Apple at
a time the PR firm was working for the chip-maker Qualcomm - the two tech
firms are involved in a long-running legal battle.

The report alleges that Definers promoted the idea that Tim Cook might seek
to become US President in 2020, which the newspaper suggested had been done
to undermine the Apple chief executive's relationship with President Trump.

The BBC has contacted all three companies for comment but has not had a
response.

The NYT did, however, publish a statement from Definers saying its work was
"absolutely no different than what public affairs firms do every day for
their clients across industries and issues across the country".--BBC

D&G: China shopping sites pull products in ad backlash

Dolce & Gabbana products have been pulled from Chinese e-commerce sites as
the backlash against a controversial ad campaign grows.

The firm posted videos this week showing a Chinese model struggling to eat
pasta and pizza with chopsticks.

The campaign was accused of trivialising Chinese culture and promoting
unflattering stereotypes.

The controversy risks alienating Dolce & Gabbana from one of the world's
biggest luxury markets.

Local celebrities have called for a boycott of the brand.

The brand crisis was worsened when messages allegedly written by co-founder
Stefano Gabbana, which included offensive comments about Chinese people,
went viral.

The firm apologised for any offence but said it and Gabbana's Instagram
accounts had hacked.

"We have nothing but respect for China and the people of China," a message
from the firm said.

A brand that 'knows China'

The Italian firm cancelled its fashion show in Shanghai earlier this week.

But the backlash has continued as retailers in China retreated from the
brand.

On Friday, Dolce & Gabbana products were not available in China on major
e-commerce sites Taobao and JD.com, as well as smaller platforms Kaola and
Secoo.

Alina Ma, associate director of research at market insights firm Mintel,
said the ad left Chinese consumers confused and appeared to show the company
did not understand them.

"They want a brand that knows them, that makes them feel that they are
important," Ms Ma said.

It is a crucial market for luxury firms. A 2018 report by consultancy Bain &
Company forecast the luxury goods market in mainland China will grow by up
to 22% this year.

"Chinese consumers continue to stand out as a growth-driver for the
industry," the report said.

While the controversy could hurt their business, the long-term impact will
depend on how Dolce & Gabbana deal with the fallout.

"If they can show they sincerely want to know the Chinese consumer, want to
know the Chinese market
 their business may turn around," Ms Ma said.

Other controversies

It's not the first time Dolce & Gabbana has drawn controversy.

Last April the brand posted a campaign on Weibo that showed impoverished
people in run-down areas of Beijing pictured with Dolce & Gabbana models
ahead of a catwalk show in the city.

The pictures were criticised for stereotyping Chinese history by showing old
parts of the city, rather than more modern depictions of Beijing.

Dolce & Gabbana also caused controversy in 2016 when it called an item of
footwear in its spring/summer collection a "slave sandal".--BBC

South Korea closes largest dog meat slaughterhouse

Officials in South Korea have started to dismantle the country's largest dog
slaughterhouse.

The Taepyeong-dong complex in Seongnam city, south of Seoul, will be cleared
over two days and converted into a public park.

About one million dogs are consumed every year and activists have sought to
end the custom.

Dog meat was once considered a delicacy in South Korea, but attitudes have
changed in recent years.

"This is a historic moment," Korean Animal Rights Advocates (KARA) said in a
statement. "It will open the door for more closures of dog meat
slaughterhouses across the country, expediting the decline of the overall
dog meat industry."

The Taepyeong-dong complex - an important source of meat for restaurants
across the country - housed at least six slaughterhouses, holding several
hundred animals at a time.

Campaigners from Humane Society International (HSI) described conditions
inside the complex as "horrifying". They reported seeing electrocution
equipment used to slaughter the dogs, knives and a de-hairing machine.

Dog slaughter banned in S Korean market

Dogs on way to UK after meat farm rescue - BBC News

S Korea dog row as ex-leader summoned

Nara Kim said: "It was a stain on the city of Seongnam and we are so pleased
to see it bulldozed."

"This really feels like a landmark moment in the demise of the dog meat
industry in South Korea, and sends the clear message that the dog meat
industry is increasingly unwelcome in Korean society."

Every summer in South Korea three days are designated as special festivals,
and dog meat dishes are served in a highly spiced stew.

However, a growing number of Koreans are opting for samgyetang (chicken
soup) over the three days instead.

The number of dog meat restaurants has also been falling in South Korea.
Seoul once had 1,500 restaurants serving the dish, but this had dropped to
about 700 by 2015.

More and more South Koreans are also choosing to keep dogs as pets - roughly
one-fifth of the population.

Currently no laws exist on how to treat or slaughter canines for meat in the
country. Western campaigners have in recent years attempted to interfere
with the dog meat trade by staging mass rescues.__BBC

Americans find meaning in money more than friends or religion

As Americans gather with their family and friends for Thanksgiving dinner,
they're being fed some grim home truths from the Pew Research Centre.

Asked to rate what gave their life meaning, researchers found more people
mentioned career and money, than friends or religion.

Two-thirds of those surveyed said family was a source of satisfaction.

But close to a third also cited work, while 23% said their finances made
their lives meaningful.

Researchers conducted the survey late last year, asking nearly 5,000
Americans an open-ended question about what parts of their lives gave them
satisfaction and fulfilment. Answers included pets, hobbies, grandchildren
and travel.

Where Americans find meaning in life

Family 69%

Career 34%

Money 23%

Faith and spirituality 20%

Friends 19%

Activities and hobbies 19%

Health 16%

The open-ended question about what made people feel fulfilled received a
wide variety of responses.

"Building a scale model trebuchet out of discarded lumber. I can do it, I
know I can," said one.

"Family, God, friends, guns, work... in that order," said another.

There were also touching anecdotes: "I guess what keeps me going is the
surprising acts of kindness I see everyday in this city. A kid dropped and
broke his toy on the train during rush hour and had a meltdown. Strangers
grabbed the pieces and worked together to snap it back together."

Another respondent was focused on earning: "With lots of money from the job
I'm majoring in, I'll be able to finally enjoy life and its full benefits,
instead of standing on the sidelines while the rich take pleasure in a life
they were born into."

While others discussed things they couldn't afford: "I miss the ability to
work. I miss buying clothes I want, going to coffee shops and having money
for a good dinner at a fine dining restaurant."

A second parallel survey conducted by Pew provided 15 defined categories and
asked respondents to rate the importance of those pre-set options.

In the second survey using the closed-ended question, family was again the
most popular rated source of meaning. But it was followed by being outdoors,
spending time with friends and caring for pets, which were deemed to give "a
great deal of meaning" to more than 40% of those surveyed.

Religious faith ranked lower, providing a "great deal" of meaning to just
36% of people, on par with reading. In that survey only 34% of respondents
ranked career as giving the highest level of meaning in their lives.--BBC

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

Finance minister Mthuli Ncube presents 2019 National Budget

Parliament

22/11/2018

Simbisa Brands

AGM

Standards Association of Zimbabwe, Northend Close, Borrowdale

23/11/2018 (8:15am)

Axia

AGM

Chapman Golf Club, Eastlea

27/11/2018 (8:15am )

Econet

AGM

Econet Park, Msasa

29/11/2018  (9am )

Econet

EGM

Econet Park, Msasa

29/11/2018  (10am )

GetBucks

AGM

Conference Room 1, Monomotapa Hotel

04/12/2018 (10am )

Innscor

AGM

Royal Harare Golf Club

05/12/2018 (8:15am)

Truworths

AGM

Boardroom, Prospect Park, 808 Seke Road

06/12/2018 (9am)

TSL

EGM

Head Office, 28 Simon Mazorodze Road, Southerton

07/11/2018 (10am )

Cassava shares list on the ZSE

11/12/2018

 <mailto:info at bulls.co.zw> 

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investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and sourced from third parties.

(c) 2018 Web: <http:// www.bulls.co.zw >  www.bulls.co.zw Email:
<mailto:info at bulls.co.zw> info at bulls.co.zw Tel: +263 4 2927658 Cell: +263 77
344 1674

Invest Wisely!

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  

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Blog:
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