Major International Business Headlines Brief::: 02 January 2019

Wed Jan 2 09:21:55 CAT 2019

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Major International Business Headlines Brief::: 02 January 2019

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

*  Niger expects GDP growth to rise to 6.5 pct in 2019

*  South Africa's rand gains on easing U.S.-China trade tensions

*  Zambia's 2018 copper output to be above last year's 800,000 tonnes

*  South African credit demand growth slows to 5.56 pct in November

*  Egypt expects 5th tranche of IMF loan in January

*  South Africa's rand flat in early trade ahead of trade balance figures

*  South Africa's trade balance swings to 3.5 bln rand surplus in November

*  Egypt's central bank holds interest rates

*  End to Nigerian dispute lifts shares in South Africa's MTN

*  Ugandan shilling trades stable as importer and banks' demand recedes

*  You say you want a New Year's resolution...?

*  Global markets in worst year since 2008

*  Sharp rise in air crash deaths in 2018

*  Brexit: US ambassador to UK Johnson warns on trade deal

*  Cyber-attack disrupts distribution of multiple US newspapers

*  Fishing: New EU rules could have 'grave' impact on UK industry

 <mailto:info at bulls.co.zw> 

Niger expects GDP growth to rise to 6.5 pct in 2019

NIAMEY (Reuters) - Niger expects economic growth to rise to 6.5 percent in
2019 from 5.2 percent last year, owing in part to significant investments in
the oil sector, President Mahamadou Issoufou has said.

In an address late on Monday, Issoufou said the oil sector would receive $4
billion in investment over the next two years.

Niger wants to expand its oil sector in part to make up for low prices for
uranium, of which it is one of the world’s leading producers.

 <mailto:info at bulls.co.zw> 

South Africa's rand gains on easing U.S.-China trade tensions

JOHANNESBURG (Reuters) - South Africa’s rand gained early on Monday on
reports of progress in trade talks between China and the United States on
the year’s last day of trading.

At 0715 GMT the rand traded at 14.3650 per dollar, up 0.42 percent from its
close of 14.4250 on Friday.

Dollar moves were driven mainly by U.S. politics and the tariff war between
Beijing and Washington remained the key catalysts for the rand and other
emerging-market currencies, with investors cautious in thin-volume trade.

The trade war between the world’s top two economies has unnerved financial
markets and had a mixed impact on the rand, which has lately benefited from
signs of a thaw in hostilities between the two superpowers.

On Sunday, U.S. President Donald Trump said a possible trade deal between
the United States and China was progressing well, creating some demand for
high-yield assets like the rand, which had lost ground to safe-haven assets
at the end of the previous week.

For the year, the rand is down nearly 15 percent, making it the fourth worst
performer against the dollar, behind the Argentine peso, Turkey’s lira, and
the Russian rouble.

Bonds opened firmer, with the yield on the benchmark paper due in 2026 3
basis points lower at 8.865 percent.

Stocks opened higher, with Johannesburg Stock Exchange’s (JSE) Top-40 index
up 0.58 percent to 46,765 points.

Zambia's 2018 copper output to be above last year's 800,000 tonnes

LUSAKA (Reuters) - Zambia’s 2018 copper production is projected to rise
above the 800,000 tonnes produced last year, its Minister of Finance
Margaret Mwanakatwe said in a statement on Monday.

Copper output in 2018 continued to increase with a total of 696,526 tonnes
produced between January and October, compared with 654,743 tonnes in the
same period in 2017, Mwanakatwe said.

“The fairly high global copper prices which averaged $6,598 (per tonne) and
demand provided the impetus for copper production,” Mwanakatwe said.

South African credit demand growth slows to 5.56 pct in November

JOHANNESBURG (Reuters) - Growth in private sector credit demand in South
Africa slowed to 5.56 percent in November from 5.82 percent in the previous
month, central bank data showed on Monday.

Expansion in the broadly defined M3 measure of money supply also slowed, to
5.69 percent from 5.99 percent in October.

Egypt expects 5th tranche of IMF loan in January

CAIRO (Reuters) - Egypt expects to receive the fifth instalment of its $12
billion IMF loan programme in January, the president’s office said on
Sunday.

The International Monetary Fund offered the three-year loan programme in
2016 after Egypt agreed to a package of reforms including the devaluation of
the pound, cuts to energy subsidies and the introduction of a value-added
tax.

The IMF postponed a review of Egypt’s economic reform programme, initially
planned for earlier this month, prompting speculation that the fifth tranche
of the loan, worth $2 billion, might be delayed.

However, central bank Governor Tarek Amer briefed President Abdel Fattah
al-Sisi on Sunday on the “positive results” of the IMF’s most recent staff
team visit to Egypt, Sisi’s office said in a statement.

This included “commendation of the government’s rigorous adherence to the
implementation of targeted reform measures according to predetermined
timetables, with delivery of the $2 billion fifth tranche of the IMF loan
expected in January 2019,” the statement said.

Sisi spoke by phone to IMF Managing Director Christine Lagarde about the
implementation of the reform programme on Dec. 21, the presidency said at
the time.

Many economists have praised Egypt’s economic reforms over the past two
years, though austerity measures have caused immediate pain for wide swathes
of Egypt’s 98 million population.

Egypt earlier this year approved a mechanism to link domestic fuel prices to
those in the international market as it gradually weans the country away
from most energy subsidies, but the government has yet to implement it.

South Africa's rand flat in early trade ahead of trade balance figures

JOHANNESBURG (Reuters) - South Africa’s rand was flat early on Friday,
giving up its small overnight gains as renewed jitters about the impact on
global growth of the simmering trade war between China and the United States
kept investors on the sidelines.

At 0730 GMT the rand was steady at 14.4725 per dollar, unchanged from its
overnight close in New York, having traded at a session-best of 14.4225
before fading as the local session kicked off.

The dollar remained on the back foot, down 0.1 percent, weighed down by a
reversal in stocks after the sharp jump earlier in the week.

Safe-haven assets like the Japanese yen and gold were main beneficiaries of
tentative global trade as concerns about slowing global economic growth and
a partial government shutdown in the United States limited demand for
riskier assets.

In the only local data event of the day, South Africa’s Revenue Service
(SARS) publishes trade balance figures for November at 1200 GMT.

Bonds were weaker, with the yield on the benchmark paper due in 2026 up 3
basis points to 8.96 percent.

The Johannesburg Stock Exchange’s (JSE) Top-40 index opened firmer after a
more than one percent slide in the previous session, rising 0.5 percent to
45,877 points.

South Africa's trade balance swings to 3.5 bln rand surplus in November

JOHANNESBURG (Reuters) - South Africa’s trade deficit swung to 3.49 billion
rand ($242.92 million)surplus in November from a revised 4.28 billion rand
deficit in October, official data showed on Friday.

Exports fell by 2.3 percent on a month-on-month basis to 118.8 billion rand
in November, while imports decreased 8.4 percent to 115.4 billion rand, the
South African Revenue Service said in a statement.

($1 = 14.3667 rand)

Egypt's central bank holds interest rates

CAIRO (Reuters) - Egypt’s central bank left its key overnight interest rates
steady on Thursday, keeping the deposit rate at 16.75 percent and the
lending rate at 17.75 percent.

All 13 economists polled by Reuters had expected rates to remain unchanged.

“Current policy rates and the inflation outlook remain in line with
achieving the targeted disinflation path,” the bank’s Monetary Policy
Committee said in a statement.

“The MPC closely monitors all economic developments and will not hesitate to
adjust its stance to achieve its mandate of price stability over the medium
term,” it said.

Headline inflation slowed to 15.7 percent in November from 17.7 percent in
October as fruit and vegetable prices declined, after rising for three
consecutive months.

Core inflation, which strips out volatile items such as food, slowed to 7.94
percent in November, its lowest since April 2016, from 8.86 percent in
October.

GDP grew by 5.3 percent in the fiscal year that ended in June 2018, the
highest rate in 10 years.

End to Nigerian dispute lifts shares in South Africa's MTN

JOHANNESBURG (Reuters) - Shares in South African telecoms giant MTN jumped 8
percent on Thursday after it settled a row with Nigeria’s central bank for a
fraction of the $8.1 billion it had threatened to cost.

MTN announced on Monday that it would pay just $52.6 million to end the
dispute in Nigeria, its biggest and most lucrative market, but also its most
troublesome.

The case had dogged MTN, Africa’s biggest telecoms company, for four months,
dragging its share price down 20 percent to hover around its lowest level
since 2009 while also sparking pessimism around the ease of doing business
in Nigeria.

It centred on allegations that dividends paid by the firm between 2007 and
2015 were based on improperly issued certificates.

The Central Bank of Nigeria (CBN) had initially ordered MTN and its lenders
to bring back $8.1 billion it alleged the company had illegally repatriated
to South Africa during that time.

But after MTN provided additional documents, the central bank concluded only
one 2008 private placement, worth around $1 billion, was irregular. MTN
agreed to pay $52.6 million as a “notional reversal” of this transaction.

“MTN Nigeria will pay the notional reversal amount without admission of
liability,” it said in a statement on Monday, announcing the settlement.

The central bank’s initial order threatened to wipe out more than half of
MTN’s market capitalisation at the time it was issued in August, and spooked
investors just as the company was trying to reassure them of its frontier
market-focused strategy after a series of costly legal problems.

MTN shares were up 4.34 percent to 89.21 rand at 1055 GMT on Thursday, after
rising more than 8 percent to highs of 93 rand in the first trading session
since the settlement was announced.

DIFFICULT MARKET

MTN is Nigeria’s biggest operator, with 52.3 million users in 2017, and the
country accounts for one third of the firm’s annual core profits. But it has
also proven problematic.

While the settlement marks a turning point in MTN’s fortunes in the country,
the telecoms heavyweight still has to fight a $2 billion tax bill from
Nigeria’s attorney general.

It also comes two years after the firm paid $1 billion for missing the
deadline to cut off unregistered SIM cards - a fine that prompted its first
ever annual loss.

MTN was also previously accused of illegally repatriating $14 billion to its
parent company, but was cleared of the allegations.

The latest dispute cemented concerns about firms’ ability to effectively
operate in Nigeria, where a sluggish economy, strained public finances and
upcoming elections have also left some questioning the motives behind such
cases.

“Why did it take the CBN several years to ‘discover’ this and confront MTN?”
said Dobek Pater, a director at consultancy Africa Analysis, adding this at
least suggests negligence or a lack of competence at the central bank.

“Sometimes the government (government organisations’) interpretation of the
law/regulations can be speculative to suit their ends,” he told Reuters via
email.

Ugandan shilling trades stable as importer and banks' demand recedes

KAMPALA (Reuters) - The Ugandan shilling was unchanged on Friday as appetite
for hard currency from both goods importers and players in the interbank
remained flat.

At 1042 GMT commercial banks quoted the shilling at 3,710/3,720, same level
as Thursday’s close.

You say you want a New Year's resolution...?

New Year's Resolutions are, like rules, meant to be broken.

Last year, about one in five people came up with some sort of resolve on 1
January, according to a poll by YouGov.

However, separately it has also been claimed that most of us will have given
up on them by 10 January.

While most of those may be along the lines of "I will never, ever mix Moscow
Mules and Old Freebottom's Black Ale again", many will actually be concerned
with work and how we spend our money.

So before we take the plunge, let's have a look at the options, starting
with the most drastic.

If you're miserable and you hate the people you work with, then the answer's
probably yes.

In fact there's never been a better time to look for something new. There
are more job vacancies around than there have been at any time this century,
2.8 for every 100 jobs in existence, and unemployment is the lowest it's
been in percentage terms since 1975.

Justin Urquhart-Stewart is the co-founder of Seven Investment Management and
regularly tours schools and universities advising on personal finance and
careers in the financial services.

He has this advice: "Polish up your CV. As well as your qualifications and
business experience put in any work you do in the community. Businesses are
increasingly having to report on their corporate social responsibility and
if you do things like helping out in your local school, that's a point in
your favour."

Coincidentally, the new year could be the moment to ask for a pay rise.

Corinne Mills, managing director at Personal Career Management, says you
need to time a request for a raise around three or four months before the
end of your employer's financial year.

"That way," she says, "they can budget it in to the next year. If you do it
too late even if they want to give you the money they simply may not be able
to.

"The other thing is to know your market rate. Go online and type in 'Salary
Guide' and look at how much you are meant to be paid. Or look at adverts for
similar positions or talk to a head hunter.

"The third thing to remember is you must have a proper conversation about
this and draw up a list of all your achievements from the last year. Don't
just tag it on to a meeting or do it in a chance encounter. Have a longer
conversation about your career development, and let them know that you are
committed."

Almost certainly yes. Mr Urquhart-Stewart says: "The only way to save is to
do it immediately after your pay cheque comes in. That way you can't get
your hands on it and spend it on the shopping. So set up a direct debit on
payday. Put it into a tax wrapper like an Isa (instant savings account), so
the income and the growth are tax-free."

The returns on savings at the moment are less than breathtaking. The best
instant access account currently on the market, according to
Moneysupermarket.com is Marcus, a retail bank owned by Goldman Sachs which
is offering an interest rate of 1.5%.

The stock market has been even worse. If you had put money in the FTSE 100
index of top shares at the beginning of last year and reinvested the income
from the dividends, by mid-December you would have lost 7.5%.

But Mr Urquhart-Stewart says: "You have to invest for the long term. If your
granny had given you £100 when you were a child, and you had put it into the
stock market, 70 years later with all the income reinvested it would be
worth £190,000."

Probably. It has been estimated that people touch their phones 2,617 times a
day. So it's not hard to see how this may be a problem at work, and probably
at home too.

Ms Mills says it's her personal resolution to cut down the time she spends
on social media: "It's so addictive. You can find yourself losing time at
work and also it can be very emotional, getting yourself worked up with
what's online, so it's not good for your general wellbeing."

There are (ironically) apps that can help you. Moment is an app that claims
it can help people "gain an hour back each day by following simple
strategies designed to help them re-imagine their relationship with their
phone". AppDetox gets you to lock your apps, and then pesters you with
annoying reminders when you break the locks, while Forest ties phone
abstinence into a commitment to plant trees both virtual and real.

If you don't like gyms, definitely not. You won't keep it up and you'll
waste your money.

The easiest way to start feeling marginally more healthy is on your way to
the office. Get off the bus or underground, out of your car and walk or
cycle. Once you're there, see if you can stand at your desk, rather than
sit, and if you're really ambitious get a treadmill desk so you can walk as
you work.

But there's more to fitness than developing a six-pack, as Ms Mills
explains: "There is a new emphasis at work on wellbeing and mental health,
so it's not just about gym membership but doing things to improve your
mental state: walking, yoga, meditation or even joining a choir."

Definitely. The law allows you 5.6 weeks holiday (including bank holidays) a
year but we seem to be reluctant to use it all. A British Airways survey
found more than half of the working population don't use all their holiday
allowance, and more than a third of UK workers are afraid to take a two-week
holiday in case their colleagues think they're a bit of a skiver.

"There are times in your life when work can be so engaging and exciting you
do miss holidays," says Ms Mills. "But is it healthy? Of course it isn't.
You need more. You need a personal life and time off. Again, it's to do with
wellbeing."

On a more practical note, Mr Urquhart-Stewart says: "Book the time off
before anyone else, and put the holiday money aside early.

"The other golden rule of holidays is the week you decide to go abroad the
pound will decide to crash. So buy some foreign exchange early in the new
year and then regularly over the following months. That way you smooth out
the currency fluctuations."--BBC

Global markets in worst year since 2008

Investors will be glad to see the back of 2018 after many global stock
markets suffered their worst year in a decade.

The FTSE 100's traditional early New Year's Eve close saw it end the year
down 12% at 6,728.13 points.

Big European and Asian markets faced similar losses in 2018, while the main
US indexes saw their worst performance since the 2008 financial crisis.

The Dow Jones ended the year down 5.6%, the wider S&P 500 fell 6.2% and the
tech-heavy Nasdaq lost 3.9%.

US-China trade woes and slower global growth are among issues blamed for the
poor showing.

Analysts have also cited US political uncertainty and interest rate rises as
contributing factors.

As the year ended, the US was still in the grip of a government shutdown
caused by President Donald Trump's determination to secure funding for a
wall on the Mexican border to tackle illegal immigration.

Mr Trump has also regularly rattled investors during the year by escalating
his tit-for-tat trade tariff battle with China. Earlier this month, both
sides agreed to suspend new tariffs to allow for talks.

The president has also been at odds with the central bank, the Federal
Reserve, over whether interest rates should be increased.

At the same time, Europe has been rocked by political setbacks including
Italy's budget row with Brussels, the waning authority of German Chancellor
Angela Merkel, the "gilets jaunes" protesters in France and, of course,
Brexit.

Although sizeable in historic terms, the US stock market falls were smaller
in scale than those seen elsewhere, arguably in part because of the economic
stimulus provided by the Trump administration's $1.5tn Tax Cuts and Jobs
Act, passed in December 2017.

In Asia on Monday, Hong Kong's Hang Seng closed almost 14% down on the year,
while the Nikkei fell almost 15% in 2018 and China's Shanghai Composite
(SSE) saw a whopping 25% annual decline.

In some territories, including the US, shares saw a modest upturn in thin
New Year's Eve trading, boosted by optimism over the latest twist in
US-Chinese trade relations.

Investors drew some comfort from the latest comments by Mr Trump, who
tweeted that he had had a "long and very good call" with Chinese President
Xi Jinping and that a possible trade deal was making good progress.

In the context of the year's overall market performance, however, it was too
little, too late.--BBC

Sharp rise in air crash deaths in 2018

Last year saw a sharp rise in fatalities from air crashes compared with 2017
but 2018 was still the ninth safest year on record, figures show.

Airliner accidents killed 556 people last year compared with 44 in 2017, the
Aviation Safety Network (ASN) reports.

Last year's worst civilian accident was in October when a Lion Air plane
crashed in Indonesia, killing 189.

The year 2017 was the safest in history for commercial airlines with no
passenger jet crashes recorded.

'Enormous progress'

The Netherlands-based ASN said there had been a total of 15 fatal airliner
accidents in 2018. Among the deadliest:

Fifty-one people died when a plane crashed on landing at Nepal's Kathmandu
airport in March.

However, the picture has been improving generally over the past 20 years.

"If the accident rate had remained the same as 10 years ago there would have
been 39 fatal accidents last year," ASN CEO Harro Ranter said.

"At the accident rate of the year 2000, there would have been even 64 fatal
accidents. This shows the enormous progress in terms of safety in the past
two decades."

But ASN said what it terms loss-of-control (LOC) accidents were a major
safety concern for the aviation industry as these accounted for at least 10
of the worst 25 accidents in the past five years.

LOC refers to an unrecoverable deviation from an intended flight path, and
can be caused by mechanical failure, human actions or environmental
disturbances. Most of those accidents were not survivable, says the
ASN.--BBC

Brexit: US ambassador to UK Johnson warns on trade deal

Donald Trump's offer of a "quick, massive, bilateral trade deal" will not be
possible if Theresa May's EU withdrawal agreement is approved, the US
ambassador to the UK has warned.

President Trump had previously said her Brexit proposal sounded like a
"great deal for the EU".

Woody Johnson told the BBC the UK was "in need of leadership" over Brexit.

A Downing Street spokeswoman said Mr Johnson recently said the UK was "the
perfect trading partner for the US".

The UK-US trade relationship in five charts

What are the challenges ahead for a UK-US trade deal?

Mr Johnson told Radio 4's Today programme there was still hope for a UK-US
trade deal.

"What I'm focusing on here is something the president has also said - that
is looking forward to, and hoping, that the environment will lead to the
ability for the US to do a quick, very massive bilateral trade deal," he
said.

He added it could be "the precursor of future trade deals with other
countries around the world for Great Britain that will really take you way,
way into an exciting future".

"We're still going through the stages of deciding exactly where the country
is going," said Mr Johnson. "If it goes in a way that allows these kinds of
agreements to occur then I think that will be very positive in the
president's eyes."

Asked if that would go ahead under the current proposed Brexit deal, which
MPs are due to vote on in January, he replied: "It doesn't look like it
would be possible."

He said ministers - and the prime minister - had to "measure the impact of
all the other trade offs" and how different trade agreements would benefit
the UK.

Please upgrade your browser

Mr Trump has said Mrs May's deal could leave Britain unable to negotiate a
free-trade agreement with the US.

Mr Johnson did not give more details about what such a deal would entail.

However, while the UK is either in a transition period after Brexit - or in
a temporary customs union - it will not be able to implement its own free
trade deals, with the US or any other third country.

Reacting to Mr Johnson's comments on Brexit, the Downing Street spokeswoman
said both the UK and the US had been clear that "we want an ambitious trade
agreement and we stand ready to conclude such an agreement as a priority
after we leave the European Union".

President Trump met the Queen in July - could a state visit be on the cards
for 2019?

Mr Johnson also said that he had been surprised by the "defeatism" felt in
the UK over Brexit.

"All of the reporting looks back and it looks at a very static future,
rather than an active British future - about solving problems,
entrepreneurialism and taking advantage of opportunities and being very
innovative," said Mr Johnson.

"If you look back and try to project the past into the present and future,
it's going to be bleak.

"But you're leaving out the great thing that Britain has to offer and that
is all of the people and all of their efforts and their ability to solve
problems. If you factor that in, I think the future is extremely positive,
extremely bright."

He added that it would be "great" if President Trump's postponed state visit
could take place in May, around the time of World War Two commemorations -
if his schedule, and that of the Queen, allowed.--BBC

Cyber-attack disrupts distribution of multiple US newspapers

Several US newspapers suffered major printing and delivery disruptions on
Saturday following a cyber-attack.

The attack led to delayed distribution of The Los Angeles Times, Chicago
Tribune, Baltimore Sun and other titles belonging to Tribune Publishing.

The company said it first detected the malware on Friday, which hit papers
sharing the same printing plant.

The attack is believed to have come from outside the US, the LA Times said.

West Coast editions of the Wall Street Journal and The New York Times, which
share the same production platform in Los Angeles, were also affected.

"We believe the intention of the attack was to disable infrastructure, more
specifically servers, as opposed to looking to steal information," an
anonymous source with knowledge of the attack told the LA Times.

Tribune Publishing spokeswoman Marisa Kollias confirmed this in a statement,
saying the virus hurt back-office systems used to publish and produce
"newspapers across our properties".

"Every market across the company was impacted," Ms Kollias said, refusing to
give more specifications on the disruptions, according to the LA Times.

Other publications owned by the company include the New York Daily News,
Orlando Sentinel and the Annapolis Capital-Gazette, whose staff were the
targets of a deadly shooting earlier this year.

Another publication, the Fort Lauderdale Sun-Sentinel was also "crippled
this weekend by a computer virus that shut down production and hampered
phone lines," according to a story on its website.

"We are aware of reports of a potential cyber incident affecting several
news outlets and are working with our government and industry partners to
better understand the situation," a Department of Homeland Security official
said in a statement.

Investigators at the Federal Bureau of Investigations were not immediately
available for comment.--BBC

Fishing: New EU rules could have 'grave' impact on UK industry

New EU rules on fishing quotas could have a "grave" impact on the UK's
fishing industry, a House of Lords committee has said - just a day before
the new policy is introduced.

Under previous rules, crews often discarded, into the sea, fish that took
them over their quota for that species.

But under the new policy, fishers must bring the full haul back to shore.
This change is to stop fish being wasted.

The legislation has been called "badly designed" by UK industry bodies.

The House of Lords EU Energy and Environment sub-committee heard evidence
that the legislation could mean fishermen hitting their annual quotas much
earlier in the year and have to stop fishing.

Discards on the Brussels fish menu

UK 'to keep more of its fish' after Brexit

The committee was told this would be particularly problematic in "mixed
fisheries" where it would be hard for boats to avoid catching a fish species
for which they have a very low quota.

Once they reached their quota for a particular species, fishers would be
forced to choose between halting operations for the rest of the year or
breaking the law by continuing to fish for other species and discarding
anything over quota.

The committee also said it had worries about how the rules - which come into
effect in full after a four-year phasing-in period - would be enforced.

It said patrol vessels would only be able to cover a small percentage of
boats, creating a temptation for fishers to break the rules.

Committee member Lord Krebs said: "It is deeply concerning that so many
people - fishers, environmental groups, even the enforcement agencies
themselves - do not think these new rules can be implemented from January
1."

He added: "Most people we spoke to thought nothing would change - fishers
will continue to discard, knowing the chances of being caught are slim to
none and that to comply with the law could bankrupt them."

Barrie Deas, the chief executive of the National Federation of Fishermen's
Organisations, said the rules were "badly designed" and would result in
boats having to stop fishing for long stretches after reaching quotas on
specific species.

The Department for Environment, Food and Rural Affairs said it was working
with the industry to address the challenges posed by the new sustainable
fishing policy.

The committee is due to publish its report on the implementation and
enforcement of the EU "landing obligation" in February.

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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been compiled from sources believed to be reliable, but no representation or
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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
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Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

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

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

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

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

Skype:         Bulls.Bears 

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