Major International Business Headlines Brief::: 23 April 2019

Tue Apr 23 08:57:36 CAT 2019

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Major International Business Headlines Brief::: 23 April 2019

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*  Egypt expects borrowing needs to hit $48 bln in fiscal 2019/20 - document

*  South Africa brings forward Eskom bailout to avert default

*  Morocco's annual inflation rises 0.8 percent in March

*  Saudi Arabia, UAE grant $3 billion of support to Sudan

*  Angola's Sonangol plans to downsize to focus on core business

*  Airport in Libya's Tripoli re-opens, authorities say

*  Ivory Coast cocoa grinding up 5.5 pct through March 31 - exporter stats

*  Libyan El Sharara oilfield pumps around 285,000 bpd -field engineer

*  Top two African economies to drag on sub-Saharan growth this year

*  South Africa's Shoprite cuts chairman Wiese's voting influence

*  Herman Cain withdraws bid for Federal Reserve seat

*  Iran oil: US to end sanctions exemptions for major importers

*  Britain breaks coal-free power record over Easter weekend

*  Samsung Galaxy Fold: Broken screens delay launch

*  Thomas Cook reportedly receives bids for firm

 <mailto:info at bulls.co.zw> 

Egypt expects borrowing needs to hit $48 bln in fiscal 2019/20 - document

CAIRO (Reuters) - Egypt expects its borrowing needs to reach 820.7 billion
Egyptian pounds ($48 billion) in fiscal 2019/20, a 26 percent increase from
the previous year, the draft budget seen by Reuters showed.

The draft showed domestic borrowing would increase by 45 percent to 725.2
billion pounds, while foreign borrowing would decline by 36 percent to 95.6
billion.

Egypt expects to issue 435.1 billion pounds worth of treasury bills, against
350.8 budgeted for the 2018/2019 fiscal year, a 24 percent increase, the
draft showed.

It also plans a 93 percent increase in treasury bond issuance to 290.1
billion pounds from 150.3 billion.

Egypt also aims to review the general rate of its value-added tax, the draft
said, introduced as part of reforms tied to an IMF loan. It will review the
list of exemptions in the 2019/20 fiscal year.

“There is no intention to adjust the general price of the value-added tax in
the coming period at all,” an official at the Finance Ministry told Reuters
on Monday.

“The matter will be studied in the coming months and year. There is no
specific vision or intention to adjust at the moment,” the official added.

The document also said Egypt aims to issue its first green bonds in the
2019/20 fiscal year to finance environment-friendly projects.

It further aims to raise tax revenue to 865.5 billion pounds from 759.6
billion, a 13 percent increase, the document showed.

($1 = 17.1375 Egyptian pounds)

 <mailto:info at bulls.co.zw> 

South Africa brings forward Eskom bailout to avert default

JOHANNESBURG (Reuters) - South Africa’s government has had to bring forward
the bailout of state power firm Eskom, after it rushed 5 billion rand ($355
million) to the struggling utility earlier this month to avert a default and
said more cash could be needed soon.

Eskom supplies more than 90 percent of electricity in Africa’s most advanced
economy but is grappling with cashflow problems and a debt mountain which it
is struggling to service.

The government in February promised Eskom a 23 billion rand a year bailout
over the next three years, but it only expected to start giving the
cash-strapped utility the first tranche of funds between August and October
this year.

But by the end of March, Eskom was experiencing difficulties raising
funding, according to a finance ministry report to parliament seen by
Reuters, prompting Finance Minister Tito Mboweni to authorise the cash
transfer on April 2.

The fact that the first tranche of the bailout had to be brought forward
highlights the precariousness of Eskom’s financial position, which has been
exacerbated by spiralling diesel and maintenance costs.

“In order to avert a default by Eskom on its obligations, on 2 April 2019,
the Minister of Finance ... authorised the payment of 5 billion rand,” the
report to parliament said, adding Eskom could need another government cash
injection before April 30.

A finance ministry spokesman confirmed Mboweni had authorised the transfer
of money to Eskom.

Early this month, Public Enterprises Minister Pravin Gordhan said the
highest levels of government were considering a variety of additional
financial support measures for Eskom, beyond the bailout announced in
February. [L8N21L4TZ]

Energy experts say the bailout is insufficient to make Eskom financially
sustainable in the long term.

“Eskom does not anticipate generating sufficient internal cash to pay all of
its maturing obligations at any point in time over the next five years,” the
finance ministry report to parliament dated April 16 said.

The country’s largest opposition party, the Democratic Alliance (DA), called
for parliament’s finance committee to reconvene to discuss the crisis at
Eskom, which has taken centre stage before the country’s national elections
in May. Parliament has been dissolved ahead of the elections.

“There is clearly an urgent need for complete transparency about the real
financial status of Eskom and about the inevitability of further massive
cash bailouts after the elections on the 8th of May,” the DA said in a
statement.

($1 = 14.0584 rand)

Morocco's annual inflation rises 0.8 percent in March

RABAT (Reuters) - Morocco’s annual inflation index rose by 0.8 percent in
March, the high commission for planning said on Monday.

Month-on-month the index was unchanged, the agency said in a statement.

The central bank has said it expects inflation to drop to 0.6 percent in
2019 from 1.9 percent in 2018 before picking up again to 1.1 percent in
2020.

Saudi Arabia, UAE grant $3 billion of support to Sudan

DUBAI (Reuters) - Saudi Arabia and the United Arab Emirates have granted
Sudan $3 billion in support, Saudi state news agency SPA said on Sunday.

The grant includes a $500 million deposit into Sudan’s central bank, while
the rest will be in the form of food, medicine, and petroleum products, SPA
said.

Angola's Sonangol plans to downsize to focus on core business

PARIS (Reuters) - Angola’s state oil company Sonangol plans to divest 52
joint ventures, reduce staff and focus on its core business, part of an
ongoing reorganisation and package of reforms designed to lure back
investors, its chairman said on Friday.

Angola's state oil company Sonangol Ed Cropley

“We are going to sell, close or put out of our group a lot companies,”
Carlos Saturnino told an oil conference in Paris. “Last year, we identified
52 joint ventures in which we want to sell our equity.”

“Instead of investing in Australia, United States etc, Sonangol wants to
become an oil company of reference in the African continent. This is major
change for us,” he said, adding the objective was to make Sonangol more
robust and agile.

Oil accounts for 95 percent of exports and around 70 percent of government
revenues in Africa’s second-largest producer.

Production has been in steep decline due to maturing fields and lack of
investments, which Saturnino also attributed to lack of efficiency in
decision-making by the previous administration.

Angola’s oil production fell to 1.478 million barrels per day (bpd) in 2018
from 1.632 million bpd in 2017.

Industry veteran Saturnino was brought back by Angolan President Joao
Lourenco in September 2017 to help turn around Sonangol and reform the
sector.

“Lack of efficiency in approving projects led to a backlog of around $5
billion in projects between 2015 and 2017,” Saturnino said, adding the
logjam had been mostly cleared and the number of projects gaining approval
was rising.

He said Angola had put in place reforms to relaunch exploration and attract
oil majors to invest.

Sonangol has carried out analysis on oil blocks with Total and ENI, and has
held talks and signed initial agreements with Exxon Mobil. Most recently, it
met with Shell to try to lure it back to Angola, Saturnino said.

“We have 10 to 12 potential blocks up for exploration in Angola, so the
potential is there,” he said.

Airport in Libya's Tripoli re-opens, authorities say

CAIRO (Reuters) - Libya has reopened Tripoli’s only functioning airport,
according to a posting on the airport authorities’ Facebook page on Sunday.

Mitiga airport was closed earlier in the day when residents reported an air
strike on the Libyan capital.

Ivory Coast cocoa grinding up 5.5 pct through March 31 - exporter stats

ABIDJAN (Reuters) -

*Ivory Coast’s cocoa grinders processed 268,000 tonnes of beans between Oct.
1 and March 31, data from exporters’ association GEPEX showed on Friday, up
from 254,000 tonnes during same period last season.

*Ivory Coast’s 2018/19 Q2 grinding reached 132,388 tonnes, up 1.5 percent
year on year from 130,215 tonnes.

*Grinders processed 44,000 tonnes of beans in March, down from 45,000 tonnes
during the same month last season.

*The GEPEX data only covers six of the largest grinding companies, including
Barry Callebaut, Olam and Cargill, among 12 active firms.

*Ivory Coast is world’s top cocoa producer and vies with the Netherlands for
the top grinder spot.

*The West African nation has total grinding capacity of 712,000 tonnes, but
only ground 505,000 tonnes of beans last season.

Libyan El Sharara oilfield pumps around 285,000 bpd -field engineer

BENGHAZI, Libya (Reuters) - Libya’s El Sharara, the country’s biggest,
oilfield was producing around 285,000 barrels per day, a field engineer said
on Friday.

Top two African economies to drag on sub-Saharan growth this year

JOHANNESBURG (Reuters) - Economic disruption from uneven currency trading in
Nigeria and continued electricity shortages in South Africa are set to hold
back overall growth across sub-Saharan Africa this year, a Reuters poll of
economists found on Thursday.

Since commodity prices collapsed four years ago, the region has largely
missed out on the global economic recovery, with growth failing to return to
rates seen in previous years and set to remain subdued.

The survey, taken in the past week, shows Nigeria, Africa’s most populous
country and largest economy, is expected to grow 2.4 percent this year and
2.8 percent next year. South Africa, the number two economy on the
continent, will grow 1.3 percent this year and 1.7 percent in 2020.

The 2019 forecasts for the two countries, which together drive around half
of the wider region’s growth, are both 0.1 percentage points lower compared
to the last survey for Nigeria in January and March’s poll for South Africa.

“Tepid growth in South Africa is one reason why we expect that growth across
Sub-Saharan Africa will remain disappointing in 2019,” said John Ashbourne,
an economist at Capital Economics in London.

Creaking infrastructure at South Africa’s state power utility Eskom is
taking longer to fix than economists previously thought. Rolling power cuts
as it struggles with capacity shortages threaten to stymie President Cyril
Ramaphosa’s efforts to boost investments and economic growth.

In Nigeria, multiple currency exchange rates designed to deal with dollar
shortages following a slump in global oil prices in 2015 have undermined its
economy.

Ashbourne said that keeping the naira artificially strong in 2015 prevented
the economy from adjusting to lower oil prices.

“The foreign exchange system was improved in 2016, when the Bank partially
devalued the official rate and launched a new, ‘Nafex’ rate, now used for
70-80 percent of transactions. But it remains complex and open to abuse,” he
said.

South Africa’s economy expanded 0.8 percent last year while Nigeria’s
economy grew 1.9 percent, its fastest pace since the recession two years
earlier.

The economists surveyed expect South Africa’s key interest rate to remain at
6.75 percent until next year while a separate Reuters poll last month
suggested Nigeria’s central bank will wait until May 2020 before cutting its
main rate by 25 basis points to 13.75 percent.

Ghana is forecast to grow 6.2 percent, faster than January’s survey
suggested. Some analysts expect the exporter of cocoa, gold and more
recently oil to be the top performer this year.

Growth in East Africa’s biggest economy Kenya is seen slowing to 5.8 percent
growth in 2019, compared to a government estimate of 6.1 percent for 2018.
The World Bank is more cautious and has warned growth could slow to 5.7
percent due to dry weather patterns.

The International Monetary Fund last week cut its growth projection for
sub-Saharan Africa this year to 3.5 percent from 3.8 percent in October. The
World Bank is again more pessimistic, with a 2.8 percent forecast.

A separate survey this month showed yield-hungry investors will trade risky
emerging market currencies cautiously against the dollar this year despite
the Federal Reserve’s recent dovish stance, though there is still demand for
them.

Standard Chartered Africa research head Razia Khan expects the Fed’s more
dovish tilt to have a positive impact on sub-Saharan African economies in
the months to June, allowing stronger domestic recoveries. However, she was
cautious about the likelihood of new easing cycles.

South Africa's Shoprite cuts chairman Wiese's voting influence

JOHANNESBURG (Reuters) - South African grocer Shoprite is to buy back
deferred shares held by its chairman Christo Wiese to simplify its voting
structure but substantially curbing Wiese’s influence in the company he
helped turn into an African powerhouse.

Besides ordinary shares, Shoprite’s capital structure includes deferred
shares which carry about 32.3 percent of the voting rights at Shoprite. The
deferred shares are held by Weise’s investment vehicle, Thibault Square
Financial Services Proprietary Ltd.

Under the deal, Titan - another one of Wiese’s entities - will receive 20
million new ordinary shares from Shoprite, in exchange for deferred shares
which Shoprite will buy for 265,000 rand ($18,836.41) and cancel, the
retailer said in a statement.

The proposed deal will see Wiese’s voting interest reduced to 17.8 percent
from 42.3 percent, while his direct shareholding will increase to 17.8
percent from 14.8 percent, Shoprite said.

Following the issuance of the new shares, the total voting interest of
minority shareholders will increase from nearly 60 percent to more than 80
percent, while their shareholding will be diluted by 3.5 percent, it added.

Wiese has been instrumental in Shoprite’s transformation from just six
outlets in South Africa in the 1970s to 2,800 shops across Africa, dwarfing
rivals including Walmart Inc’s South African unit Massmart.

Shoprite, which also sells furniture and medicine, said the deal is expected
to result in a potential once-off reduction in earnings and headline
earnings of 3.3 billion rand, based on a 30-day-volume-weighted-average
price of 165.35 rand per share as at April 17.

($1 = 14.0685 rand)

Herman Cain withdraws bid for Federal Reserve seat

Former Republican presidential hopeful Herman Cain withdrew his name for a
seat on the Federal Reserve Board, US President Donald Trump has tweeted.

The president said he would respect the former pizza chain executive's
wishes and not pursue Mr Cain's nomination to join America's central bank.

"My friend Herman Cain, a truly wonderful man, has asked me not to nominate
him", Mr Trump wrote.

Mr Trump first announced he intended to nominate Mr Cain earlier this month.

Though the president did not formally nominate Mr Cain to the seven-member
board, the announcement prompted backlash among Democrats and some
Republicans in Congress.

In an online column, Mr Cain says he withdrew his name from consideration
because the job would mean "a pay cut" as he would have to give up most of
his business interests.

The president has been accused of putting forward political loyalists to the
Fed.

Arguably the world's most influential bank, it is traditionally an
independent body.

The president is a fierce critic of the central bank, and has also often
called for lower interest rates - his predecessors have largely refrained
from trying to sway monetary policy.

Mr Cain would have required almost total Republican support in the Senate to
be confirmed. As of last week, four of 53 Republican senators announced they
plan to vote against him.

Trump recommends Herman Cain for Fed seat

Trump urges US Fed to cut rates

Trump 'doesn't understand economics'

Mitt Romney of Utah, Lisa Murkowski of Alaska, Cory Gardner of Colorado and
North Dakota's Kevin Cramer all indicated they would vote no on the
nomination.

Mr Cain, a former executive of Godfather's Pizza, made a bid for the
Republican presidential nomination in 2012, but dropped out amid allegations
of sexual misconduct, which he denied.

He is often remembered for his 9-9-9 tax reform plan during his campaign,
and this viral campaign video by an adviser.

He served as the chairman of the Kansas City Federal Bank from 1989 to
1991.--BBC

Iran oil: US to end sanctions exemptions for major importers

US President Donald Trump has decided to end exemptions from sanctions for
countries still buying oil from Iran.

The White House said waivers for China, India, Japan, South Korea and Turkey
would expire in May, after which they could face US sanctions themselves.

This decision is intended to bring Iran's oil exports to zero, denying the
government its main source of revenue.

Iran insisted the sanctions were illegal and that it had attached "no value
or credibility" to the waivers.

Mr Trump reinstated the sanctions last year after abandoning a landmark 2015
nuclear deal between Iran and six world powers.

Under the accord, Iran agreed to limit its sensitive nuclear activities and
allow in international inspectors in return for sanctions relief.

US sanctions on Iran come into force

Iranians describe impact of US sanctions

Iran nuclear deal: Key details

The Trump administration hopes to compel Iran to negotiate a "new deal" that
would cover not only its nuclear activities, but also its ballistic missile
programme and what officials call its "malign behaviour" across the Middle
East.

The sanctions have led to a sharp downturn in Iran's economy, pushing the
value of its currency to record lows, quadrupling its annual inflation rate,
driving away foreign investors, and triggering protests.

Why aren't the waivers being renewed?

In November, the US reimposed sanctions on Iran's energy, ship building,
shipping, and banking sectors, which officials called "the core areas" of
its economy.

However, six-month waivers from economic penalties were granted to the eight
main buyers of Iranian crude - China, India, Japan, South Korea, Taiwan,
Turkey, Italy and Greece - to give them time to find alternative sources and
avoid causing a shock to global oil markets.

Three of the eight buyers - Greece, Italy and Taiwan - have stopped
importing Iranian oil. But the others had reportedly asked for their waivers
to be extended.

US Secretary of State Mike Pompeo said Mr Trump's decision not to renew the
waivers showed his administration was "dramatically accelerating our
pressure campaign in a calibrated way that meets our national security
objectives while maintaining well supplied global oil markets".

"We stand by our allies and partners as they transition away from Iranian
crude to other alternatives," he added.

"We have had extensive and productive discussions with Saudi Arabia, the
United Arab Emirates, and other major producers to ease this transition and
ensure sufficient supply. This, in addition to increasing US production,
underscores our confidence that energy markets will remain well supplied."

In recent weeks, Japan and South Korea have either halted or sharply
decreased Iranian oil imports. Both are heavily dependent on foreign oil and
Mr Pompeo said the administration had been trying to find alternatives. But
Monday's move could strain relations - already tested over issues of trade
and US policy towards North Korea - with these close allies.

It's an even bigger problem for India, which is also under American pressure
to cut oil purchases from Venezuela. Iran is one of Delhi's main oil
suppliers. But India also has deep cultural and political ties with Tehran,
which make it difficult to join US efforts to isolate the Islamic Republic.

China is Iran's other big customer: it has slammed the US decision, saying
its trade is perfectly legal, and the US has no jurisdiction to interfere.
The question is whether Beijing will try to skirt sanctions through
companies not tied to the US financial system.

Turkey was most outspoken in lobbying for a waiver extension. Ankara argues
that it badly needs the oil, that as a neighbour it can't cut ties with
Iran, and that the pressure campaign won't work anyway.

Saudi Energy Minister Khalid al-Falih said his country would co-ordinate
with fellow oil producers to ensure "the global oil market does not go out
of balance".

Iranian exports are currently estimated to be below 1 million barrels per
day (bpd), compared to more than 2.5 million bpd before Mr Trump abandoned
the nuclear deal last May.

What has been the impact on oil prices?

The price of global benchmark Brent crude rose by 3.33% to $74.37 a barrel
in trading on Monday - the highest since 1 November.

US oil - known as West Texas Intermediate - was meanwhile up 2.90% at
$65.93.

In recent months, the price of oil has risen due to an agreement between the
Organization of the Petroleum Exporting Countries (Opec) cartel and its
allies, including Russia, to cut their output by 1.2 million bpd.

How have the countries affected reacted?

A spokesman for Iran's foreign ministry dismissed Mr Trump's decision,
saying the country "did not and does not attach any value or credibility to
the waivers".

But Abbas Mousavi added that because of the sanctions' negative effects,
Iran was in "constant contact" with its international partners and would act
accordingly.

Turkish Foreign Minister Mevlut Cavusoglu tweeted that the US move would
"not serve regional peace and stability, yet will harm Iranian people".

"Turkey rejects unilateral sanctions and impositions on how to conduct
relations with neighbours," he added.

China said earlier that it opposed unilateral US sanctions.

"China-Iran co-operation is open, transparent and in accordance with law. It
should be respected," foreign ministry spokesman Geng Shuang told reporters.

Japan's chief cabinet secretary, Yoshihide Suga, was quoted by the Financial
Times as saying there should be no "negative effect on the operations of
Japanese companies". Its refineries reportedly halted Iranian imports in
March.

India's government was studying the implications of the US announcement, the
PTI news agency cited sources as saying. The country had reportedly hoped to
be allowed to continue to reduce its Iranian oil imports gradually.

South Korea stopped buying Iranian oil for four months in response, but
resumed in January. In March, it imported 284,600 bpd.--BBC

Britain breaks coal-free power record over Easter weekend

Britain has broken its record for the longest continuous period without
generating electricity from coal.

National Grid said that the coal-free period lasted more than 90 hours
before coming to an end on Monday afternoon.

It is the longest period since the industrial revolution and breaks the
previous record set in April 2018 of 76 hours and 10 minutes.

The government plans to phase out Britain's last coal power plants by 2025
to cut greenhouse gases.

Duncan Burt, director of operations at National Grid, told BBC Radio 5 Live
it was "a really big deal".

Record Easter temperatures in three nations

Britain lasts three days without coal

"It's all about the sunny weather we've been seeing, so energy demand is
low. There has been lots of lovely solar power off the panels too."

He said the UK generated a quarter of its energy from solar over the Easter
weekend, with similar portions from nuclear and gas. The rest was imported
from Europe.

In April, 2017 Britain went its first full day without coal since the 19th
century.

Coal made up less than 10% of the country's energy mix last year and will be
less than that again in 2019, according to National Grid.

However, experts warned that power generated by coal was largely being
replaced by gas, another fossil fuel, rather than renewable sources.

They also said a reliance on gas made the UK vulnerable to the whims of
international markets, and was not clean enough to meet the UK's legal
targets to cut greenhouse gas emissions.

The 2008 Climate Change Act requires greenhouse gas emissions to be reduced
by 80% compared with 1990 levels by 2050.

Muna Suleiman, climate campaigner at Friends of the Earth, said: "89 hours
of coal-free electricity is great but let's make this all day every day.

"Electricity generated by renewable sources is a key part of the fight
against climate chaos so it's time to remove all the blockers to renewable
energy.

"The government must prioritise the development of sources such as solar and
onshore wind."--BBC

Samsung Galaxy Fold: Broken screens delay launch

Samsung has postponed the release of its folding smartphone, days after
several early reviewers said the screens on their devices had broken.

The company said it had delayed the launch of the Galaxy Fold to "fully
evaluate the feedback and run further internal tests".

In April, several early reviewers found the display on the Galaxy Fold broke
after just a few days.

Samsung has not said when the £1,800 device will go on sale.

A new launch date will be announced in the "coming weeks".

In a statement, Samsung said it suspected the damage experienced by some of
the reviewers was caused by "impact on the top and bottom exposed areas of
the hinge".

It also said it found "substances" inside one of the review devices that may
have affected its performance.

Launch events due to take place in Hong Kong and Shanghai this week have
also been postponed.

The Galaxy Fold was due to be released in the United States on 26 April, and
in the UK on 3 May.

The South Korean tech giant has said it is investigating what went wrong
with the broken review units.

In some cases, reviewers had peeled off a layer of the screen's coating,
mistaking it for a disposable screen protector.

"We will also enhance the guidance on care and use of the display including
the protective layer," Samsung said in a statement.

Chinese rivals Huawei and Xiaomi are also developing foldable smartphones,
but neither company has announced a release date yet.

A phone priced at £1,800 - or $1,980 in the US - was never supposed to be
bought by the masses.

But the launch of the Galaxy Fold was meant to showcase Samsung as an
innovative and forward-thinking gadget maker, and draw people into its
stores.

Now it is turning into a bit of an embarrassment, evoking memories of
another botched launch: the "exploding" Galaxy Note 7 smartphone.

Samsung has been in a race to launch a folding device ahead of Chinese rival
Huawei, which has announced its phone but not let reviewers take one home
yet.

Both manufacturers say their folding screens can be opened and closed more
than 100,000 times without breaking, based on laboratory tests.

But in the real world, reviewers have destroyed Samsung's device in less
than 48 hours.

Perhaps the Galaxy Fold needed a little longer in testing.--BBC

Thomas Cook reportedly receives bids for firm

Travel company Thomas Cook has received approaches for parts of its business
and the company as a whole, according to reports.

The business put its airline up for sale in February and it said last month
it would close 21 stores across the country and cut more than 300 jobs.

Chinese investment firm Fosun International could be a bidder for the
company's tour operating business, Sky News reported.

Thomas Cook declined to comment.

Fosun International, which runs a joint venture with Thomas Cook in China,
did not immediately respond to a request for comment.

Insiders told Sky it could be months before any formal offer is lodged, and
there is no guarantee one will be made.

Heatwave hit

Thomas Cook is the world's oldest tour operator and was founded in Market
Harborough in 1841 by businessman Thomas Cook. It started off with organised
railway outings for members of the local temperance movement.

It now has annual sales of £9bn, 19 million customers a year and 22,000
staff operating in 16 countries.

In September, Thomas Cook said profits would be hit after the summer
heatwave saw many take their holidays in the UK.

It issued a second profit warning in November, when it said winter bookings
were also down.

The shop closures will take the number of Thomas Cook outlets down to 566.

It said a consultation with staff and unions had begun.--BBC

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Zimbabwe 

Independence Day

Zimbabwe

18 Apr 2019 

Good Friday

19 Apr 2019

Easter Saturday

20 Apr 2019

Easter Sunday

21 Apr 2019

Easter Monday

22 Apr 2019

Workers Day

01 May  2019

Africa Day

25 May 2019

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