Bulls n Bears Investors Notebook Issue 395: 18 December 2019

Wed Dec 18 03:43:30 CAT 2019

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Bulls n Bears Investors Notebook Issue 395: 18 December 2019

Bulls ‘n Bears Investors Diary: Today’s Events

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

Meikles addressing succession issues as H1 profitability rises

HARARE (FinX) – Meikles says it is currently addressing the issue of
succession of executive management and the appointment of additional
independent non-executive directors. Meikles has been under an executive

<http://www.bulls.co.zw/2019/12/18/meikles-addressing-succession-issues-as-h
1-profitability-rises/> Read more »

Nestlé Zimbabwe appoints first female MD

HARARE – Nestlé Zimbabwe has announced the appointment of its first female
managing director; Eunice Ganyawu-Magwali. According to the company, she
will be joining Nestlé as MD for Zimbabwe, Zambia

<http://www.bulls.co.zw/2019/12/18/nestle-zimbabwe-appoints-first-female-md/
> Read more »

 <mailto:info at bulls.co.zw> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

3 investors eye AirZim

AIR Zimbabwe has completed adjudication of bids submitted by three investors
that have expressed interest in acquiring shares in the struggling
State-owned airline. Assistant administrator Tonderai Mukubvu of Grant
Thornton
  <http://www.bulls.co.zw/2019/12/18/3-investors-eye-airzim/> Read
more »

Inflation drops as prices slow down

THE rate at which prices increased (inflation rate) in the month of November
2019 significantly slowed on the back of relative stability of the exchange
rate due to tight control

<http://www.bulls.co.zw/2019/12/18/inflation-drops-as-prices-slow-down/>
Read more »

‘Inflation to blame for coins rejection’

RESERVE Bank of Zimbabwe (RBZ) governor Dr John Mangudya has attributed the
rejection of smaller bond coin denominations to the impact of high
inflation, which has made using them nightmarish
.
<http://www.bulls.co.zw/2019/12/18/inflation-to-blame-for-coins-rejection/>
Read more »

 <mailto:info at bulls.co.zw> 

Mining development strategy on the cards

mining development strategy aimed at optimum utilisation of the country’s
potential in the mining sector in order to stimulate sustained
macro-economic growth, Mines and Mining Development Minister Winston
Chitando has

<http://www.bulls.co.zw/2019/12/18/mining-development-strategy-on-the-cards/
> Read more »

Meikles goes into power generation

LISTED group, Meikles Limited, has unveiled plans to venture into power
generation and intends to use part of the US$20 million proceeds from the
proposed disposal of Meikles Hotel to

<http://www.bulls.co.zw/2019/12/18/meikles-goes-into-power-generation/> Read
more »

 <mailto:info at bulls.co.zw> 

Victoria Falls outlines green tourism vision

VICTORIA Falls has a vision to become Africa’s green tourism destination
hence the decision by tourism players in the resort town to adopt
environmentally friendly policies. The tourism players revealed

<http://www.bulls.co.zw/2019/12/18/victoria-falls-outlines-green-tourism-vis
ion/> Read more »

Zimbabwe boards need youth for sustainable development

TRADITIONALLY, boards are composed of retired professionals and these tend
to be mostly male. This is based on the mistaken assumption that experience
only comes with age. The tendency is

<http://www.bulls.co.zw/2019/12/18/zimbabwe-boards-need-youth-for-sustainabl
e-development/> Read more »

Curio, craft operators get empowered

VICTORIA Falls curio and craft operators have joined hands with a local
non-governmental organisation to roll out an entrepreneurial skills
development programme meant to capacitate budding enterprises. The project
is

<http://www.bulls.co.zw/2019/12/18/curio-craft-operators-get-empowered/>
Read more »

Miner ropes in Afreximbank for lithium project

AUSTRALIA-LISTED junior miner, Prospect Resources, has appointed Afreximbank
as lead arranger of a US$143 million debt facility for its Arcadia lithium
project near Harare. In a statement, Prospect said the

<http://www.bulls.co.zw/2019/12/18/miner-ropes-in-afreximbank-for-lithium-pr
oject/> Read more »

Credit-only microfinance sector total loan book improves: Zamfi

THE Zimbabwe Association of Microfinance Institutions (Zamfi) says the
credit-only microfinance sector’s total loan book improved marginally to
$352,2 million as at the end of September 2019 from $316,3 million

<http://www.bulls.co.zw/2019/12/18/credit-only-microfinance-sector-total-loa
n-book-improves-zamfi/> Read more »

Binga fishing company sues Zimparks

A BINGA fishing company has approached the High Court challenging the
seizure of its fishing rig by the Zimbabwe Parks and Wildlife Authority
(Zimparks) for allegedly operating in the Zambezi

<http://www.bulls.co.zw/2019/12/18/binga-fishing-company-sues-zimparks/>
Read more »

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

 Bindura Nickel Corp

CBZH

Dawn

Delta

Falgold

Fidelity

MedTech

Meikles

Turnall

Unifreight

Post your event (AGM, EGM, Analysts Briefing, etc) on the Investor Diary
free of charge and reach out to the market. We have annual gold prices since
1900, monthly since January 1971 and daily prices since January 2000. We
also provide historical ZSE prices on request.

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.

Invest Wisely!

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