Major International Business Headlines Brief::: 24 October 2018

[Bulls n Bears]

 <http://www.bulls.co.zw/> Bulls.co.zw        <mailto:bulls at bulls.co.zw>
Views & Comments        <http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

 


 

 


Major International Business Headlines Brief::: 24 October 2018

 


 

 


 <http://www.nedbank.co.zw/> 

 


 

 


 

 

*  South Africa's Eskom plans first major battery storage project

*  MTN says still in talks with Nigeria over $8.1 bln transfer row

*  South African rand weaker as risk appetite muted

*  Kenya sets aside funds to develop domestic mobile phone industry

*  Ghana central bank governor: Oil price rise, currency drop raise
inflation threat -BBG TV

*  Kenya wins case against Cortec Mining on licences -arbitrator ruling

*  Kenya warns against unlicensed online forex trading

*  UK 'will pay the price' of no-deal Brexit

*  US markets pick up amid global sell-off

*  Federal Reserve: Trump sharpens attack on central bank

*  Italy budget: European Commission demands changes

*  Dyson chooses Singapore for new electric car plant

*  Elon Musk says Twitter blocked him after Bitcoin tweet

 

 


 <mailto:info at bulls.co.zw> 

 


 

                                      

South Africa's Eskom plans first major battery storage project

JOHANNESBURG (Reuters) - South Africa’s state-run power firm Eskom said on
Tuesday it is planning its first major battery storage project as President
Cyril Ramaphosa seeks to boost renewable energy usage and reduce the
country’s reliance on coal.

 

Prince Moyo, general manager for power delivery engineering at Eskom, told
Reuters that the battery storage project would be rolled out in phases
across 90 sites, with a tender for the first phase pencilled in for early
next year.

 

“At this stage the focus is on storing energy for the benefit of all our
customers. The aim is to ensure security of power supply,” Moyo said.

 

Although the 1,440 megawatt hour per day battery project would be able to
store less than one percent of Eskom’s total generating capacity, it is a
sign the utility is following through on promises to prioritise renewable
energy ventures.

 

The project should also help smooth relations with the World Bank, which had
become frustrated over the slow progress made on renewable power plans since
it approved a more than $3 billion loan in 2010 to support green energy.

 

Eskom, which joins global firms like oil major BP and General Electric in
investing in battery storage, is working on a new long-term strategy to
assess whether its business model is sustainable.

 

The utility’s new management, appointed soon after Ramaphosa replaced
scandal-plagued Jacob Zuma as leader of the ruling African National Congress
last December, is fighting to rescue the firm after a period of steep
financial decline.

 

It reported a 2.3 billion rand ($160 million) loss for the latest financial
year, after which it said it was considering selling non-core assets and job
cuts.

 

($1 = 14.3534 rand)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

MTN says still in talks with Nigeria over $8.1 bln transfer row

JOHANNESBURG (Reuters) - Telecoms firm MTN said on Tuesday that it was
continuing to hold talks with Nigerian officials to find a mutually
acceptable solution to a dispute over the alleged transfer of $8.1 billion
of funds.

 

“Shareholders are advised to continue to exercise caution when dealing in
the company’s securities until a further announcement is made,” MTN said in
a statement on the Johannesburg Stock Exchange, where its shares are listed.

 

 

 

South African rand weaker as risk appetite muted

JOHANNESBURG (Reuters) - The South African rand slipped early on Tuesday,
erasing gains from the previous session as appetite for riskier assets was
muted on global markets.

 

At 0625 GMT, the rand traded at 14.40 versus the dollar, 0.4 percent weaker
on the day, around the level at which it ended last week.

 

Uncertainty over Brexit negotiations, Italy’s free-spending budget and fears
over Saudi Arabia’s diplomatic isolation were among factors denting appetite
for emerging market assets.

 

South Africa-focused investors will turn their attention to Finance Minister
Tito Mboweni’s inaugural budget speech on Wednesday, when he is expected to
unveil spending shifts to try to haul the economy out of recession.

 

The rand started this month on a strong footing but has since fallen back to
trade almost 2 percent weaker against the dollar since the start of the
month.

 

Government bonds were slightly weaker early on Tuesday, with the yield on
the benchmark instrument due in 2026 up 2 basis points at 9.165 percent.

 

 

Kenya sets aside funds to develop domestic mobile phone industry

NAIROBI (Reuters) - Kenya’s minister of information, communication and
technology said on Tuesday that the government had set aside 1 billion
shillings ($9.90 million) to help local start-ups in the mobile telephone
software and hardware segments to grow.

 

Joe Mucheru, the ICT minister, told the annual meeting of the ICT industry
in the capital Nairobi that he was concerned by the country’s imports of 50
million telephone handsets every two years, challenging local firms to start
making them locally.

 

ICT is one of the fastest growing sectors in Kenya’s economy due to demand
for services like high speed internet access and mobile financial services
like M-Pesa, operated by Safaricom.

 

The country has 45.5 million mobile phone subscribers, data from the sector
regulator showed, who use a range of imported mobile devices from companies
like Apple and Huawei.

 

But African nations like Kenya, who do not have a solid industrial base,
have been trying to replace imports with local products in order to save
their hard currency and remove pressure on their foreign exchange rates.

 

The government would work with firms that seek to participate in the
manufacturing and assembling of phones, in order to drive down their costs,
Mucheru said.

 

“Why can’t we leverage on the skills available locally to manufacture these
handsets that are suitable for our markets?” he asked.

 

 

Ghana central bank governor: Oil price rise, currency drop raise inflation
threat -BBG TV

LONDON (Reuters) - The combination of rising oil prices and the fall in
Ghana’s currency is threatening to push up inflation, the country’s central
bank Governor Ernest Addison said on Tuesday.

 

“Petroleum prices have gone up and transportation costs are also picking up,
so we think that there is a threat to the outlook in terms of where the
inflation will be,” Addison said in an interview on Bloomberg Television.

 

“But we are not looking at an immediate departure from our targets,” he
added.

 

 

Kenya wins case against Cortec Mining on licences -arbitrator ruling

NAIROBI (Reuters) - The Kenyan government has won a case brought against it
by Cortec Mining Kenya Limited, Cortec (pty) Limited and Stirling Capital
Limited over a 2013 mining licence revocation, an arbitrators’ ruling
showed.

 

Under the ruling by a tribunal at the International Centre for Settlement of
Investment Disputes, the government can recover $3.23 million from the
claimants to settle the dispute over the revocation of licences for the
Mrima Hill mining project.

 

 

Kenya warns against unlicensed online forex trading

NAIROBI (Reuters) - Kenya’s Capital Markets Authority (CMA) warned Kenyans
on Monday against online foreign exchange trading through unlicensed
entities, saying they risked losing their investments.

 

Paul Muthaura, CMA Chief Executive, said he observed several individuals and
entities carrying on or purporting to carry on the business of an online
foreign exchange broker or a money manager without the relevant licence by
the Authority.

 

“The Capital Markets Authority (CMA) has issued only one license to EGM
Securities Limited (formerly Execution Point Limited) to operate as a Non –
Dealing Online Foreign Exchange Broker,” Muthaura said in a statement.

 

CMA said it planned to take appropriate action against any persons illegally
conducting online foreign exchange trade. It asked anyone affected by the
activity to report to the CMA.

 

It said all online foreign exchange brokers or money managers not licensed
by the Authority should cease trading immediately.

 

 

 

 

UK 'will pay the price' of no-deal Brexit

Britain will "pay the price" of a no-deal Brexit because complicated new
border controls may not be ready in time, a government watchdog has warned.

 

Thousands of UK exporters did not have enough time to prepare for new border
rules, the National Audit Office said.

 

Criminal gangs could exploit any border weaknesses and queues and delays
were likely at border crossings, it added.

 

The government said it was confident of striking a "good" deal with the EU
for as "frictionless" trade as possible.

 

It said that plans were already 95% complete.

 

The National Audit Office acknowledged that government had made some
progress on preparing for the possibility of a "hard" Brexit.

 

It is the official body charged with scrutinising the operation of
government departments and reporting to MPs so that they can hold the
government to account.

 

Its head, Sir Amyas Morse, said: "The government has openly accepted the
border will be sub-optimal if there is no deal with the EU on 29 March 2019.

 

"It is not clear what sub-optimal means in practice, or how long this will
last.

 

"But what is clear is that businesses and individuals who are reliant on the
border running smoothly will pay the price."

 

The NAO said that there was £423bn of trade which crosses UK borders every
year, much of that with the EU or onto other destinations via the rest of
Europe.

 

Over 200 million people also cross the border.

 

At present, Britain's membership of the EU single market and the customs
union allows for the free movement of goods, people and services around
Europe.

 

There's more on those freedoms here.

 

Outside the EU there will need to be new border controls and if there is no
deal those controls will have to be stricter than if Britain agreed a "soft"
Brexit which included a 19 month implementation period.

 

The NAO said that under a "no deal" up to 250,000 firms may need to fill out
customs declarations forms for the first time as Britain moved onto World
Trade Organisation (WTO) rules.

 

The WTO governs global trading relationships between countries.

 

Her Majesty's Customs and Revenues - which collects taxes at the border -
could also have to deal with as many as 260m customs declarations a year, up
from 55 million.

 

The NAO said that new border checks could lead to delays at crossing points,
increased risk of customs non-compliance and queues of lorries, for example,
trying to cross onto the European continent at Dover and Folkestone in Kent.

 

The report also said that there was no agreement yet in place to deal with
the issue of the border between Northern Ireland and the Republic - the only
land border Britain will have with the EU after Brexit.

 

Of 12 "critical" projects preparing Britain's borders for a no deal, 11 were
"at risk of not being delivered on time and to acceptable quality", the NAO
said.

 

"Although the government has achieved much and its planning efforts have
increased in momentum, given the scale of the task, there are inevitably
gaps and risks to its progress that I am obliged to point out," Sir Amyas
said.

 

"But I do so while recognising that these are not normal times for
individual departments or the government as a whole."

 

'Extensive work'

The NAO said that properly policed borders were "fundamentally important to
national security, effective trade, tourism, well-managed migration, healthy
communities and the environment" and that there was a high level of risk
that new border controls would not be ready on time.

 

"Organised criminals and others are likely to be quick to exploit any
perceived weaknesses or gaps in the enforcement regime," the NAO said.

 

"This, combined with the UK's potential loss of access to EU security, law
enforcement and criminal justice tools, could create security weaknesses
which the government would need to address urgently."

 

The government said it had made significant progress planning for a "no
deal".

 

"Extensive work to prepare for a no deal has been well underway for almost
two years and we have robust plans in place to ensure the border continues
to operate from the day we leave," a spokesman said.

 

"Future IT systems and infrastructure are already being built and, as they
do today, HMRC will continue to apply an automated, risk-based approach to
customs checks.

 

"This means any increase in the number of checks will be kept to a minimum.

 

"We will always ensure we have the necessary resources to keep the border
secure, and that's why we're recruiting approximately 600 Border Force
officers to prepare for the day we leave the EU, in addition to the 300
officers which will be deployed by the end of the year."--BBC

 

 

US markets pick up amid global sell-off

US stock markets have begun to recover from a global sell-off, regaining
most of their losses in the final hour of trading.

 

The three major indexes closed between 0.4% and 0.6% lower, having earlier
been down over 2% with the S&P 500 and the Nasdaq both at six-month lows.

 

The recovery comes after sharp falls in European and Asian markets, with
London's FTSE 100 on track for its worst monthly performance in a decade.

 

Asian stocks also fell overnight.

 

Analysts said it was hard to pinpoint the global falls on one particular
factor.

 

 

In Europe, they said the sell-off had been exacerbated by fears over the
situation in Italy, which has the second-highest national debt in the
eurozone.

 

The European Commission has told the country to revise its budget, the first
time it has ever made such a request.

 

Meanwhile, there are also fears over the impact on trade of the current
situation in Saudi Arabia, where the Kingdom is facing pressure over the
death of prominent Saudi critic journalist Jamal Khashoggi.

 

The country is one of the world's largest oil exporters and investors are
concerned about the threat of possible sanctions.

 

 

ING strategist Benjamin Schroeder blamed "a concoction of concerns" for the
falls, saying investors' overall sentiment was suffering from trade
tensions, fears over Italy and Brexit.

 

While Charles Schwab analysts said these general fears were "exacerbating
already skittish global sentiment".

 

Neil Wilson, chief market analyst for Markets.com, said the general tone was
"not good". He said it was "hard to say" what was driving the falls, but
"the old adage that the market hates uncertainty holds true".

 

"But it's not all geopolitical noise and fears about rates - some notable
earnings announcements have also rocked confidence," he said, noting that
disappointing performances from 3M and Caterpillar had hit the Dow's
performance.-BBC

 

 

Federal Reserve: Trump sharpens attack on central bank

US President Donald Trump has sharpened his attacks on the Federal Reserve,
saying it posed the biggest risk to the US economy.

 

He also targeted Fed chairman Jerome Powell, telling the Wall Street Journal
he seemed "happy" to be raising interest rates.

 

Mr Trump has repeatedly criticised the US central bank for raising interest
rates.

 

Recent US presidents have avoided commenting on Fed policy.

 

Asked in the Wall Street Journal interview what he saw as the biggest risks
to the US economy, Mr Trump said: "To me the Fed is the biggest risk,
because I think interest rates are being raised too quickly".

 

He said Fed chairman Jerome Powell "almost looks like he's happy" to be
raising interest rates.

 

"Every time we do something great, he raises the interest rates."

 

Mr Trump also said it was "too early to say" whether he regretted nominating
Mr Powell but "maybe".

 

Why US rates have global impact

The perils of a political Federal Reserve

The US central bank has continued a policy of gradual rate rises since 2015,
after they were cut dramatically during the global financial crisis.

 

Mr Powell and other economists say the US economy is strong enough that such
stimulus is no longer necessary - a shift the Fed marked in September by
ending its description of its policy as "accommodative".

 

Mr Trump also recently said the Fed had "gone crazy" and was "out of
control".

 

Critics worry that Mr Trump's continued attacks will undermine investor
confidence in the Fed's commitment to manage inflation.

 

Recent presidents have avoided commenting on Fed policy, in a sign of
respect for the bank's independence.--BBC

 

 

Italy budget: European Commission demands changes

The European Commission has told Italy to revise its budget, an
unprecedented move with regard to an EU member state.

 

The Commission is worried about the impact of higher spending on already
high levels of debt in Italy, the eurozone's third-biggest economy.

 

Italy's governing populist parties have vowed to push ahead with campaign
promises including a minimum income for the unemployed.

 

The country now has three weeks to submit a new, draft budget to Brussels.

 

The Commission said the first draft represented a "particularly serious
non-compliance" with its recommendations.

 

What's behind Italy's economic turbulence?

Italy populists take power: What comes next?

The Commission Vice-President for the euro, Valdis Dombrovskis, said Italy's
response to the commission's concerns was "not sufficient" to assuage fears
- and the euro's rules were the same for everybody.

 

"This is the first Italian budget that the EU doesn't like," wrote Deputy
Prime Minister Luigi Di Maio on Facebook. "No surprise: This is the first
Italian budget written in Rome and not in Brussels!"

 

His co-deputy PM Matteo Salvini added: "This doesn't change anything."

 

"They're not attacking a government but a people. These are things that will
anger Italians even more," he said.

 

Why does Italy want to spend more?

The new government has vowed to "end poverty" with a minimum income for the
unemployed.

 

Other measures include tax cuts and scrapping extensions to the retirement
age - fulfilling several key campaign promises from the election in March.

 

A defiant Prime Minister Giuseppe Conte insisted earlier that the budget
deficit would go no higher than 2.4% of GDP, although the target is three
times than that of the previous government.

 

The government argues that servicing its debt of 131% of national output -
second only to bailed-out Greece - would hurt Italians, who have still not
recovered from the decade-old financial crisis.

 

Italy's economy is still smaller than it was in 2008. The governing League
and Five Star parties argue an increase in spending would kick-start growth.

 

Italy' has put itself on a collision course with the EU. The dispute takes
the eurozone into uncharted waters.

 

The authorities in Brussels have the right to reject a budget and demand new
proposals - and to impose fines - if its requests are ignored.

 

This is the first time they've gone as far as this down that road and the EU
has to weigh the prospect of taking firm measures to discourage other
eurozone states from breaking the rules against the prospect of a drawn-out
conflict with one of its largest member states at a time when its political
energies are already absorbed by Brexit.

 

The Italian government says its measures are necessary to restore growth and
that it has no intention of backing down.

 

How bad is Italy's debt?

Italy's neutral Finance Minister, Giovanni Tria, and international observers
had hoped the country would keep its deficit under 2% of GDP - and perhaps
as low as 1.6%.

 

While 2.4% falls well short of the 3% deficit limit under eurozone rules,
Italy's debt level is alarming.

 

 

"For the first time the Commission is obliged to request a euro area country
to revise its draft budgetary plan but we see no alternative than to request
the Italian authorities to do so," Mr Dombrovskis said.

 

He pointed out that Italian taxpayers were having to spend as much servicing
the national debt as on education.

 

"Breaking rules can appear tempting at the first look - it can provide the
illusion of breaking free," he said.

 

"It is tempting to try and cure debt with more debt. At some point, the debt
weighs too heavy... you end up having no freedom at all."

 

After Italy announced its draft budget last month, weeks of market turmoil
followed.

 

Before the Commission announced its rejection of the Italian budget on
Tuesday, European shares fell to their lowest levels in nearly two years.

 

Following the announcement, the Italy-Germany 10-year bond yield gap, widely
used as a relative yardstick of Italy's position on the markets, widened to
a new high of 314 points.--BBC

 

 

 

Dyson chooses Singapore for new electric car plant

Dyson, the UK-based company best known for its vacuum cleaners, has chosen
to build its new electric car in Singapore.

 

The company will break ground on its new factory in Singapore later this
year with the first car scheduled to roll off the production line in 2021.

 

Dyson said the decision was based on the availability of engineering talent,
regional supply chains and proximity to some key target markets.

 

Cost was not a consideration.

 

Singapore is one of the most expensive territories in the world to do
business and space for manufacturing is at a premium in the city state.

 

Dyson gears up for electric car testing

Dyson creates 300 electric car jobs

The company has previously said it will commit £2bn to the project,
including £200m to be spent in the UK on research and development and test
track facilities - much of which has already been spent.

 

Dyson insisted the decision to locate production in Asia, rather than the
UK, had nothing to do with Brexit.

 

New institute

Although there may be some disappointment that car manufacturing will not be
coming to Malmesbury in Wiltshire, Dyson doesn't currently manufacture any
of its products in the UK, so this decision is no real departure from that
pattern.

 

Dyson is given credit for tripling its UK workforce to 4,800 over the last
five years and founding a new engineering institute on the site of an old
air base which it has renovated.

 

The company currently has 1,100 employees in Singapore, 1,300 in Malaysia,
1,000 in China and 800 in the Philippines.

 

Dyson has not yet revealed what kind of batteries its new cars will use, or
where they will be made.

 

It recently wrote off £46m pounds of its investment in American solid state
battery development company Sakti3 - which it bought in 2015 for £58m.

 

Industry experts say that solid state batteries - which can potentially be
charged faster and hold a greater charge for longer - are still in an
experimental phase. Dyson continues to develop both solid state and
traditional lithium ion batteries in parallel.

 

Brexit issues

The company's founder, Sir James Dyson, has been a prominent advocate for
Brexit and recently insisted that the UK leaving the EU with no deal would
"make no difference".

 

Brexit: Jaguar boss issues stark warning for jobs and profit

Toyota says no-deal Brexit would stall production at Burnaston

His critics say this approach is because his company is less vulnerable to
the same problems as other car manufacturers, who have supply chains that
include components that cross between the EU and the UK many times.

 

Several major manufacturers, including BMW, Airbus and Jaguar Land Rover -
who manufacture in the UK - have recently sounded dire warnings about the
impact of a no-deal Brexit on UK investment.--BBC

 

 

 

Elon Musk says Twitter blocked him after Bitcoin tweet

Elon Musk says Twitter briefly blocked him because the tech firm suspected
his account had been hacked.

 

The Tesla chief indicated the safety precaution was prompted by a tweet he
had sent asking: "Wanna buy some Bitcoin?"

 

Several fake accounts have previously used images of Mr Musk and variations
of his name to promote cryptocurrency scams, sometimes within replies to his
posts.

 

Twitter declined to comment.

 

"For privacy and security reasons, we don't comment on individual accounts,"
explained a spokeswoman.

 

However, the BBC understands that the account was locked down rather than
"blocked".

 

Mr Musk's suspect tweet had featured an anime drawing of a girl wearing
Bitcoin-themed clothing.

 

The Japanese art form is a current interest of the entrepreneur, who
recently commented on his love for the movies Your Name and Princess
Mononoke.

 

Mr Musk is far from being the only celebrity whose identity has been spoofed
by those seeking publicity for dubious crypto-offers.

 

Others include:

 

*         President Trump

*         Bill Gates

*         Warren Buffet

*         John McAfee

*         Bloomberg reporters Olga Kharif and Lily Katz

 

 

In some cases, accounts are first registered to an unrelated name that gains
a Twitter-verified tick only to have their image and username changed
afterwards to impersonate a famous figure.

 

Cyber-security firm Duo Lab published a report in August detailing how
software tools known as "bots" are being used to automate such scams. It
said that they had avoided detection by taking steps such as making minor
edits to the stolen profile images.

 

Mr Musk has previously complained about the phenomenon, and sought help to
"get rid of the annoying scam spammers" from Jackson Palmer, the creator of
Dogecoin.

 

Mr Palmer suggested the social network needed to find a way to automatically
weed out such posts, and others have also urged it to be more proactive in
tackling the problem.

 

"We are proactively tackling so-called cryptocurrency scams on the
platform," a spokeswoman for Twitter told the BBC.

 

"In the last week alone, user impressions have fallen by a multiple of 10, a
significant improvement on previous action rates."

 

Mr Musk has faced criticism for his own Twitter activity in recent months
after repeatedly accusing a man of being a paedophile without presenting
evidence, and claiming he had "secured" funding to take Tesla private when a
deal had not been finalised.--BBC

 

 

 


 

 


 

INVESTORS DIARY 2018

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy or
subscribe for any securities. The information contained in this report has
been compiled from sources believed to be reliable, but no representation or
warranty is made or guarantee given as to its accuracy or completeness. All
opinions expressed and recommendations made are subject to change without
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
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls ‘n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
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  

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 



 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181024/e21e9358/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 3653 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181024/e21e9358/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 45474 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181024/e21e9358/attachment-0007.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 29391 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181024/e21e9358/attachment-0008.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 29388 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181024/e21e9358/attachment-0009.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.jpg
Type: image/jpeg
Size: 29420 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181024/e21e9358/attachment-0010.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image006.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181024/e21e9358/attachment-0011.jpg>