Major International Business Headlines Brief::: 10 January 2019

Thu Jan 10 07:30:12 CAT 2019

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Major International Business Headlines Brief::: 10 January 2019

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*  South Africa's rand, stocks gain on U.S.-China trade deal optimism

*  South Africa's rand to weaken in volatile trade this year

*   Absa PMI rises further in December

*  Gold treads lower on improved risk appetite; palladium at record high

*  Uganda aims to pick bidder to build, operate highway by end-2019

*  Uganda govt says not concerned by heavy debt load, to borrow cautiously

*  Tanzania names latest mining minister in ongoing industry clash

*  Kenya's NSE halts equities trading due to technical hitch

*  Tunisia tourism revenues jump by 45 pct with record number of visitors in
2018

*  Jaguar Land Rover to cut up to 5,000 jobs

*  Ferry firm insists it will be ready for no-deal Brexit

*  Trade war: China says US talks 'laid ground' to resolve dispute

*  Japan to scrap UK beef ban imposed after BSE crisis

*  Amazon boss Jeff Bezos and wife MacKenzie divorce

 <mailto:info at bulls.co.zw> 

South Africa's rand, stocks gain on U.S.-China trade deal optimism

JOHANNESBURG (Reuters) - South Africa’s rand and stocks gained on Wednesday,
in line with other emerging markets as hopes the United States and China
could reach a trade deal boosted risk sentiment.

At 1511 GMT, the rand traded at 13.8700 versus the greenback, 0.7 percent
firmer than its previous close.

Stocks were broadly in the black, helping the country’s benchmark index end
the session more than 2 percent higher.

The rand’s gains were linked to growing optimism that the world’s two
largest economies will strike a deal to avoid an all-out confrontation that
would severely disrupt global trade, said Halen Bothma, a market analyst at
ETM in Johannesburg.

“Market is still very much interested in a few big themes, one is the Fed,
one is trade talks between China and the U.S. and the third, I would say, is
global growth,” he said.

Officials of the United States and China continued trade talks in Beijing
for an unscheduled third day, amid signs of progress on issues including
purchases of U.S. farm and energy commodities as well as increased access to
China’s markets.

On the bourse, the JSE Top-40 index ended 2.2 percent higher at 47,140 and
the broader All-share index picked up 2.03 percent to 53,222.

In fixed income, government bonds also firmed, with the yield on the
benchmark instrument maturing in 2026 down 1 basis point to 8.750 percent.

 <mailto:info at bulls.co.zw> 

South Africa's rand to weaken in volatile trade this year

JOHANNESBURG (Reuters) - South Africa’s rand will lose over 3 percent of its
value in volatile trade against the dollar this year, a Reuters poll of
market strategists found on Wednesday, but should be cushioned by wavering
expectations for U.S. interest rates.

The health of the world’s two biggest economies - the United States and
China - has been thrown into question in recent months as the two battle
each other over trade, injecting new uncertainty over how high U.S. interest
rates will go.

This has rattled emerging market currencies like the rand, while equity
markets around the world have mostly tumbled since October on fears of a
global economic slowdown.

Last month’s Reuters survey of 40 strategists suggested the rand would slide
to 14.27 per dollar in just a year’s time.

In a poll of the strategists taken in the past week, the rand is expected to
weaken over 3 percent to 14.43 against the dollar towards the end of this
year, from just under 14 per greenback now.

That is a modest move compared with the range it traded in last year - from
around 11.50 per dollar in February to over 15.69 in early September.

Forecasts for end-2019 were also in a fairly wide range, from 12.63 to
16.50.

“While the rand has reached 13.86 per dollar in these first few days of 2019
already, its path is likely to remain volatile, running off risk sentiment,”
wrote Investec chief economist Annabel Bishop in a note.

Market volatility reared its head again last month after part of the U.S.
Treasury yield curve inverted, raising worries whether it is now signalling
an oncoming recession as it has reliably done in the past.

The Fed raised rates four times in 2018, including in December, when
policymakers’ own forecasts shifted down to show two more coming this year,
from three predicted previously.

Financial market pricing at the moment is at odds with policymakers’
judgment. During the worst of equity market selling around the turn of the
year, U.S. interest rate futures began to partly price in an interest rate
cut late in 2019.

The South African Reserve Bank, for its part, is expected to hike the repo
rate by a quarter of a percent to 7 percent in May, according to a Reuters
survey last month, around the time the country is due to hold a national
election.

But that isn’t likely to do much to prop up the rand.

The SARB increased its benchmark lending rate two months ago for the first
time in nearly three years, saying the risk of higher inflation in the
longer-term remained elevated and that it could not chance waiting until
later to take action.

“In a nutshell, a combination of weaker global growth in 2019 and a lack of
real domestic reform momentum, even after the elections, should keep the
rand at a level that is somewhat undervalued,” said Hugo Pienaar, economist
at the Bureau for Economic Research.

A recent Reuters poll showed economists are forecasting just 1.5 percent
growth this year, one of the weakest expected growth rates among emerging
market economies.

Absa PMI rises further in December

JOHANNESBURG (Reuters) - South Africa’s seasonally adjusted Absa Purchasing
Managers’ Index (PMI) rose further in December, supported by an improvement
in business activity and higher new orders.

The index, which gauges manufacturing activity in Africa’s most
industrialised economy, rose to 50.7 in December from 49.5 in November,
above the 50 mark that separates contraction from expansion.

New orders and business activity were at their highest level in 2018 last
month, but the survey’s employment sub-index slumped to its lowest since
2014.

“While the December survey results are encouraging, a sustained recovery in
demand is required before a meaningful recovery in manufacturing output,
investment and employment can take place,” economists from the Bureau for
Economic Research, which conducts the survey, said in a statement.

The South African economy is staging a gradual recovery after falling into
recession last year. Stronger manufacturing growth in the third quarter was
one of the main reasons why the economy exited recession.

Gold treads lower on improved risk appetite; palladium at record high

BENGALURU (Reuters) - Gold prices edged lower on Wednesday as a likely end
to a long-drawn Sino-U.S. trade war boosted risk sentiment, outweighing
expectations of a pause in interest rate increases by the Federal Reserve.

Meanwhile, palladium hit a record high at $1,340.50 an ounce during the
session.

Spot gold slipped 0.2 percent to $1,282.61 per ounce by 0600 GMT, and U.S.
gold futures settled down 0.1 percent at $1,284 per ounce.

“In the short term, there is some optimism that there will be a trade truce,
which will take away a shadow from market confidence,” said Benjamin Lu
Jiaxuan, a commodities analyst at Phillip Futures.

However, gold is seeing some headwind because of a gradual recovery in risk
assets, as well as investors pricing in the U.S. Federal Reserve’s dovish
signals, he added.

Asian shares climbed to a 3-1/2-week high in early trade on optimism that
Washington and Beijing could strike a trade deal to avoid an all-out
confrontation that would severely disrupt the global economy. [nL3N1Z83KS]

The rally in riskier assets has accelerated since last Friday, when Federal
Reserve Chairman Jerome Powell said he was aware of risks to the economy and
would be patient and flexible in policy decisions this year. [nL1N1Z41A1]

“With Fed clearly indicating that they would be receptive to the
developments in the financial markets and there is a clear emerging
consensus that there may not be any rate hikes, it could be a tailwind for
gold,” said Hitesh Jain, vice president, Yes Securities.

“But, the ETF flows are not still, not bounding. On the sovereign front,
there are lots of central banks buying gold. Once we see a momentum on the
ETF front, that would be an inflection point for gold to move up.”

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said
its holdings fell 0.03 percent to 796.53 tonnes on Tuesday from 796.78
tonnes on Monday. [nEMN1CYCIX]

Markets also await the release of minutes from the Federal Open Market
Committee’s Dec. 18-19 policy meeting at 1900 GMT for cues on future
interest rate increases.

“Sizing up the technical picture, a top may be taking shape in gold
already,” said Ilya Spivak, a currency strategist at DailyFX.

“A daily close below initial support at $1,282.27 opens the door for a test
of the $1,257.60-$1,266.44 area.”

Standard Chartered, in a note, said that the demand for palladium remained
robust, forecasting a continued supply deficit through 2020.

“The recent rally appears to be investor-led rather than reflecting a
further significant tightening in fundamentals,” the bank said.

Silver fell 0.2 percent to $15.62 per ounce, while platinum was up 0.6
percent at $819.50.

Uganda aims to pick bidder to build, operate highway by end-2019

KAMPALA (Reuters) - Uganda expects to pick the winning bidder by the end of
2019 to build and operate a $1.5 billion road project under a public private
partnership (PPP) model, a senior official said on Tuesday.

The planned 95-km (60-mile) highway will connect the capital Kampala with
Jinja, an industrial town in the east of Uganda.

The road forms part of a broader transport artery linking the Kenyan coast
to landlocked Uganda, Rwanda, Burundi and South Sudan, as well as the
eastern Democratic Republic of Congo.

Patrick Muleme, head of design at state-run Uganda National Roads Authority
(UNRA), told Reuters the motorway was the first road in Uganda being
implemented using a PPP model.

The contractor will design, build and operate the road for 30 years, earning
profits by charging tolls before handing it back to the state.

Analysts have said projects relying on PPP financing have often stumbled in
the regional in the past over government guarantees and revenue sharing
arrangements.

“We expect that by end of the year we will have selected the final preferred
bidder,” Muleme said, adding that work would be expected to start in 2020.

UNRA short-listed four joint bids last month including one led by
German-based Strabag AG and another led by China’s Communications
Construction Company (CCCC).

Muleme said construction would cost about $1 billion, with the contractor
raising $600 million and the government contributing $400 million. A further
$500 million would be needed to cover land acquisition, debt financing and
operating costs, he said.

The World Bank is the project’s transaction adviser.

“We’re coming up with a number of similar expressways where we think a
similar model might work,” Muleme said, adding that two more planned roads
using the PPP model were being studied.

He said projects using the PPP model were planned in Kenya and Tanzania,
while he said others had successfully worked in other parts of Africa
including South Africa and Senegal.

Uganda govt says not concerned by heavy debt load, to borrow cautiously

KAMPALA (Reuters) - Uganda said on Tuesday its ballooning public debt was
sustainable and it would borrow with care in the future, dismissing concerns
from the central bank and the government’s auditor that growing indebtedness
posed risks to the economy.

The East African nation’s appetite for credit has accelerated over the last
decade, fuelled by leader Yoweri Museveni’s plans to expand transport and
energy infrastructure.

But critics say the escalating borrowing could spark a crisis along the
lines of those the country experienced in the 1990s and early 2000s before
the World Bank forgave loans.

“The risk for government defaulting on debt repayment is non-existent,”
Finance Minister Matia Kasaija told a news conference in the capital
Kampala. However, future borrowing would be done “cautiously and
selectively” to avoid potential risks.

As of June, Uganda’s total public debt stood at 41.5 percent of GDP, Kasaija
said. The central Bank of Uganda (BoU), however, said last year the debt
stock including credit agreed but not yet disbursed topped 50 percent of
GDP.

A senior BoU official has said that unless economic growth reached 7
percent, debt servicing would become a problem. The bank expects the economy
is to grow 6 pct in the year to June 2019.

Auditor general, John Muwanga, said in a report last month that Uganda’s
public debt sustainability “fares poorly” because its tax-to-GDP ratio was
low.

Much of the credit acquired in recent years was sourced from China, stoking
criticism from the opposition which accuses Beijing of front-loading Uganda
with unsustainable debt on the expectation of tapping oil revenues.

Uganda expects to start pumping crude by 2021 from fields in the western
part of the country, near the border with Democratic Republic of Congo.
China’s China National Offshore Oil Corporation CNOOC co-owns the fields
alongside France’s Total and UK’s Tullow Oil.

China is also expected to offer landlocked Uganda another credit line worth
about $3.5 billion to fund construction of a railway from Kampala to the
border with Kenya, its neighbour and gateway to the sea.

Tanzania names latest mining minister in ongoing industry clash

DAR ES SALAAM (Reuters) - Tanzania named a new mining minister on Tuesday
amid a prolonged spat between the government and gold producer Acacia over a
$190 billion tax bill, which has severely limited the London-listed
company’s operations in the East African nation.

Dotto Biteko, whose appointment was announced by presidential official John
Kijazi on state television, is the third mining minister President John
Magufuli has appointed since he was elected in 2015.

Biteko comes from Magufuli’s home region and has been deputy mining minister
since January 2018. He previously lead a parliamentary investigation that
concluded there was widespread tax evasion and smuggling in the gemstone
business, allegations that companies working in the sector have denied.

“He knows the mining sector well, so we expect continuity of policy,”
Tanzania Chamber of Minerals and Energy (TCME) executive secretary Gerald
Mturi said.

In 2017, the government passed laws that the industry complained would be
costly and onerous. Among other things, the laws hike taxes on mineral
exports, mandate a higher government stake in some mining operations and
force the construction of local smelters, a move some companies said was
uneconomic.

The laws aim to end what Magufuli, nicknamed “the Bulldozer” for both his
time as public works minister and his pugnacious management style, has
called years of corrupt practices and tax evasion. The mining sector
contributes around 4.8 percent to GDP, the government says.

The reforms are part of a wider push by African governments to claw back
revenues from mining and the share prices of many listed foreign firms
working in Tanzania have tumbled in the last two years.

The populist government has said that it wants mining companies to list on
the local stock exchange to give Tanzanians a chance to share their profits.

Kenya's NSE halts equities trading due to technical hitch

NAIROBI (Reuters) - Kenya’s Nairobi Securities Exchange said on Tuesday it
had stopped trading of shares just before noon due to an unspecified
technical hitch, adding it expected the issue to be resolved in time for
Wednesday’s session.

The bourse is an important gateway for foreign investors looking for
exposure to fast-growing economies in the East African region.

Tunisia tourism revenues jump by 45 pct with record number of visitors in
2018

TUNIS (Reuters) - Tunisia’s tourism revenues jumped in 2018 to $1.36 billion
as the country saw the arrival of a record 8.3 million visitors, a strong
recovery for a vital sector from two militant attacks on holidaymakers in
2015, official figures showed on Monday.

The tourism industry accounts for 8 percent of Tunisia’s gross domestic
product. A return of Europeans visitors would give a strong boost to the
struggling economy and raise the country’s weak foreign currency reserves.

Major European tour operators started to return to Tunisia last year, after
three years of shunning the country following the attack on a beach in
Sousse that killed 39 tourists and a separate attack at the Bardo National
Museum in Tunis that killed 21.

Tourism revenues rose in 2018 by about 45 percent compared to 2017 to reach
4.09 billion dinars ($1.36 billion), the central bank figures showed.

The number of tourists jumped to 8.3 million from 7 million in 2017, as
hotels were filled with visitors from Algeria, Russia and oter parts of
Europe.

Tunisia expects tourist arrivals to reach 9 million for the first time in
2019.

($1 = 3.0087 Tunisian dinars)

Jaguar Land Rover to cut up to 5,000 jobs

Jaguar Land Rover (JLR) will today announce it is cutting up to 5,000 jobs
from its 40,000 strong UK workforce.

Management, marketing and administrative roles are expected to be hardest
hit, but some production staff may also be affected.

The layoffs are part of a £2.5bn cost-cutting plan amid what industry
insiders have called a "perfect storm".

They mean a downturn in Chinese sales, a slump in diesel sales and concerns
about UK competitiveness post-Brexit.

JLR is particularly exposed to the first two of these factors.

China is the company's biggest and hitherto most profitable market. But
sales in China have fallen nearly 50% in recent months as cautious Chinese
consumers have been holding back on big ticket purchases amid global trade
tensions.

The relationship between JLR and its Chinese sales network have also been
strained as dealers demand better terms and promotional incentives.

JLR is also one of the most heavily-exposed car makers to ongoing consumer
confusion about the wisdom of buying a diesel car in the aftermath of the VW
emissions scandal.

Ninety per cent of its vehicles are diesel-powered, although it has been
investing in new electric and hybrid vehicles.

Today's job losses come on top of cuts made last year.

In Solihull, 1,000 agency workers were laid off in 2017.

At Halewood in Merseyside, 180 agency staff were cut.

In Castle Bromwich, 1,000 employees were put on a three day week for the
last three months of 2018.

Meanwhile, Jaguar has been increasing headcount elsewhere in the world.

In China it has hired 4,000 workers since 2014.

Most recently it announced it would move all production of the Land Rover
Discovery to a new plant in Slovakia with plans to hire up to 3,000 workers.

Unions are keen to examine whether JLR's international plants will continue
to see additional investment at the expense of the UK.

They are also concerned that the company is not permanently reducing its UK
production capacity in the face of what could prove to be short-term
headwinds.

The company has sounded some of the most urgent warnings among UK
manufacturers about the damage that Brexit uncertainty was doing to
investment in the UK.

In July last year, the company said it needed more certainty around Brexit
in order to continue investing in its UK operations and warned that a
"no-deal" Brexit would cost the company more than £1.2bn in profit each
year.

Most commentators have concluded that that the chance of a no-deal Brexit
have increased with the governor of the Bank of England recently describing
the probability as "uncomfortably high".

Of all JLR's problems, the biggest flashing red light is a collapse in sales
in its biggest market - China.

But the company has been saying for more than a year that Brexit uncertainty
would eventually take its toll on the perception of the UK as a stable and
competitive base for global manufacturing.

If, as expected, the UK bears the brunt, or the entirety, of JLR's global
cost-cutting, JLR may well say it tried to warn us.--BBC

Ferry firm insists it will be ready for no-deal Brexit

The firm with the government contract to run ferries between Ramsgate and
Ostend has insisted it will be ready by the time the UK leaves the EU.

Seaborne Freight made the assertion after a report that the government had
accepted in private that it would not be ready for Brexit.

But the firm said that services were "due to commence in March".

The Department for Transport said it had confidence in the deliverability of
the service.

Seaborne Freight was awarded the £13.8m contract in December as part of the
government's planning for a no-deal Brexit.

It is one of three contracts worth a total £103m, with the other two awarded
to French company Brittany Ferries and Danish shipping firm DFDS.

UK to spend £103m on no-deal ferries

No-deal Brexit ferry contract sparks concerns

The Financial Times reported that senior government officials had concluded
at a meeting on Monday that Seaborne Freight would be unable to operate a
ferry route between Ramsgate and Ostend before late April - after the UK's
scheduled departure date from the EU on 29 March.

It quoted a Seaborne Freight director, Brian Raincock, as not disputing the
claim,

The company said in a statement, though, that it would be ready.

"We are now in the final phase of the project and we are approaching the
point of signature with Ramsgate and Ostend, with services due to commence
in March," the company.

The assurances come after the mayor of Ostend told the BBC the Belgian port
would not be ready for a new ferry line in time for Brexit, while the local
councillor for the Ramsgate harbour area said the port could not be ready.

Transport Secretary Chris Grayling told MPs on Tuesday that no money would
be paid to any of the operators until they were operating ferries on the
routes.

He has also said he would make no apologies for "supporting a new British
business" in awarding the contact to Seaborne.

The procurement notice for the contract sets out that ferry services under
the contracts are to be operational by 29 March.

The Department for Transport said there were a range of different aspects of
the contract that relied on various timings and that the arrangements
reflected Seaborne's status as a new ferry operator.

Seaborne Freight must meet a number of deadlines to demonstrate that it can
provide an effective service and the Department for Transport said there
were break clauses in its favour if the company failed to meet them.

Ramsgate has not had a regular ferry service since 2013 and needs to be
dredged to allow services to start operating.--BBC

Trade war: China says US talks 'laid ground' to resolve dispute

China said talks with the US "laid the foundations" to resolve a damaging
trade dispute between the world's two largest economies.

The negotiations in Beijing this week were "extensive, deep and detailed,"
China's commerce ministry said.

The US highlighted China's pledge to purchase more agriculture and other
goods, without providing specifics.

Neither side has said when the two countries will meet again for further
negotiations.

The midlevel talks in Beijing concluded on Wednesday. They weren't expected
to produce a final deal but optimism about progress had buoyed global stock
markets this week.

A statement from the US Trade Representative said the talks "focused on
China's pledge to purchase a substantial amount of agricultural, energy,
manufactured, and other products and services from the United States".

China's commerce ministry said the discussions "established a foundation for
the resolution of each others' concerns".

They agreed to maintain close contact, the statement said.

The discussions marked the first formal talks since the US President Donald
Trump and his Chinese counterpart Xi Jinping agreed not to impose new
tariffs at the G20 summit in December.

The truce came after both sides imposed several rounds of tariffs in 2018.

The US imposed tariffs on more than $250bn (£195.6bn) worth of Chinese
goods, with the threat of more to come.

The Chinese responded by slapping tariffs of $110bn worth of US goods.

President Trump has said if no deal is reached before the truce expires on
March 2, he will increase duties on $200bn worth of Chinese goods from 10%
to 25% .--BBC

Japan to scrap UK beef ban imposed after BSE crisis

Japan will end a ban on British beef and lamb that has been in place since
the mad cow disease epidemic.

The move comes ahead of a meeting between Japan's Prime Minister Shinzo Abe
and Theresa May.

The leaders are expected to announce funding for technology collaborations
at the Downing Street meeting on Thursday.

Brexit is also expected to loom large over the talks, with Mr Abe expressing
Japan's concerns.

Downing Street says Japan's decision to drop the beef and lamb ban, which
has been in place since 1996, will be worth £127m to British farmers over
five years.

Exports of red meat products from the UK surpassed £1.2 billion in 2017,
according to Revenue and Customs Statistics.

The two leaders will also announce £30m of initial funding for "cutting-edge
technology to boost innovation, create high-skilled jobs and improve
people's quality of life," a statement from Downing Street said.

The funds will go towards new aged-care technologies, medical treatments and
green transport and energy solutions.

The two countries will also agree to forge closer defence and cultural ties.

Brexit anxiety

Mr Abe is expected to use the meeting to reiterate Japan's concerns over a
disorderly Brexit.

Fresh Brexit setback for May's vote

Mrs May expressed optimism about the meeting.

"As the UK prepares to leave the EU, we raise our horizons towards the rest
of the world. Our relationship with Japan is stronger than ever, and this
visit will enhance co-operation in a wide range of areas," she said.

However, Labour's Shadow Trade Secretary Barry Gardiner said Japanese
investors will be "seeking clarity" on Britain's future relationship with
the EU.

"But it is a clarity that Theresa May cannot give - because the future
political framework that parliament is to vote on next week is no more than
a flimsy statement of intent," he said.--BBC

Amazon boss Jeff Bezos and wife MacKenzie divorce

Amazon CEO Jeff Bezos and his wife, MacKenzie, are to divorce after a
25-year marriage.

The pair announced the move in a joint statement on Wednesday on Twitter.

"After a long period of loving exploration and trial separation, we have
decided to divorce and continue our shared lives as friends," the couple
said in the statement.

Amazon, formed 25 years ago, this week eclipsed Microsoft to become the
world's most valuable listed company.

Mr Bezos, 54, who founded Amazon, is the world's wealthiest man according to
the Bloomberg Billionaire Index, with an estimated wealth of $137bn, some
$45bn ahead of Bill Gates.

The 48-year-old MacKenzie Bezos is a novelist, the author of The Testing of
Luther Albright (2005) and Traps (2013).

How Jeff Bezos took Amazon to the top

The Bezos backlash: Is 'big philanthropy' a charade?

"We feel incredibly lucky to have found each other and deeply grateful for
every one of the years we have been married to each other," the couple's
statement said.

"If we had known we would separate after 25 years, we would do it all again.
We've had such a great life together as a married couple and we also see
wonderful futures ahead, as parents, friends, partners in ventures and
projects, and as individuals pursuing ventures and adventures.

Amazon becomes most valuable public firm

World's richest man in $2bn charity move

"Though the labels might be different, we remain a family, and we remain
cherished friends."

Last year they launched a charity project together, the Day One Fund, with
the aim of helping homeless families and building pre-schools in low-income
communities.

The couple have four children - three sons, and an adopted daughter.

US media report that Mr Bezos has been romantically involved with a former
Fox TV host, Lauren Sánchez.

Entertainment news site TMZ, citing sources linked to Ms Sánchez, said the
presenter has been "seeing" Mr Bezos as of late last year.

In 2013, MacKenzie Bezos told Vogue Magazine that she had met Jeff when he
interviewed her for a job at a hedge fund in New York.

They got engaged after three months of dating and married shortly after, in
1993.

One year later he founded Amazon - which began as an online book retailer.

The company has since expanded into an e-commerce giant.

Amazon was worth $797bn (£634bn) when the US stock market closed on Monday,
after rising 3.4% and moving past Microsoft, valued at $789bn.--BBC

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

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