Bulls n Bears Investors Notebook Issue 280: 02 July 2019

Tue Jul 2 03:52:44 CAT 2019

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Bulls n Bears Investors Notebook Issue 280: 02 July 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Zimbabwe expects to pay $10 mln to S.Africa's Eskom by end of Monday

(Reuters) - Zimbabwe's government expects to pay $10 million to South
African state power firm Eskom by the end of Monday, Zimbabwean Finance
Minister Mthuli Ncube said. Zimbabwe, which is grappling with severe power
shortages, imports power from neighbouring South Africa. But Eskom cut back
power exports to Zimbabwe because of unpaid debts of around $33 million.
<http://www.bulls.co.zw/2019/07/02/govt-clears-air-on-us10m-eskom-payment/>
Read more >

Zimbabwe to initially print 400 million Zimbabwe dollars- governor

(Reuters) - Zimbabwe's central bank governor John Mangudya said on Monday
the southern African nation will initially print 400 million Zimbabwe
dollars, which will be gradually introduced in circulation to fill gap left
by end of dollarisation. He also told lawmakers in parliament that $525
million has been traded on Zimbabwe's official interbank market since its
launch in February. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

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

Zimbabwe governor says individuals and companies hold $1.3 billion in
foreign currency accounts

(Reuters) - Zimbabwe's central bank governor John Mangudya said on Monday
individuals and companies hold $1.3 billion in foreign currency accounts
after the Finance Minister announced that individuals will be allowed to
withdraw cash U.S. dollars from those accounts. Zimbabwe made its interim
currency, the RTGS dollar introduced in February, the country's sole legal
tender last Monday, ending a decade of dollarisation and taking a another
step towards relaunching the Zimbabwean dollar.  <http://www.bulls.co.zw/>
Read more >

BITCOIN price hits $76,000 on Zimbabwe Localbitcoins

Bitcoin is trading at an eye-watering 600% premium in Zimbabwe, as the
country's oppressive monetary policy drives local investors towards the
decentralized 'safe haven' cryptocurrency. BTC PRICE HITS $76,000 ON.
<http://www.bulls.co.zw/2019/07/02/bitcoin-price-hits-76000-on-zimbabwe-loca
lbitcoins/> Read more >

Losses in Cassava, Econet drag ZSE lower

Losses in Cassava Smartech and Econet Wireless following results which fell
below expectations saw the stock market slide further into negative
territory at the start of July trades. This comes.
<http://www.bulls.co.zw/2019/07/02/losses-in-cassava-econet-drag-zse-lower/>
Read more >

 <mailto:info at bulls.co.zw> 

Prices Of Goods & Services Will Soon Be Going Down," ECONOMISTS

Govt is considering scrapping off import duty on some goods & food stuffs as
a measure to lower down prices in shops. Economists have projected that
prices of commodities will.
<http://www.bulls.co.zw/2019/07/02/prices-of-goods-services-will-soon-be-goi
ng-down-economists/> Read more >

US Firm, Blue Nile Blacklists Marange Diamonds

A United States-based firm that deals in diamonds has blacklisted diamonds
from Zimbabwe due to reported human rights abuses in the Marange. Washington
headquartered Blue Nile, reported to be one.
<http://www.bulls.co.zw/2019/07/02/us-firm-blue-nile-blacklists-marange-diam
onds/> Read more >

 <mailto:info at bulls.co.zw> 

'No repeat of 2008'. . . Measures in place to preserve Zim dollar value

Finance and Economic Development Minister Professor Mthuli Ncube says
authorities have instituted measures that will ensure that the local
currency will not suffer previous depredations, following the recent
gazetting of.
<http://www.bulls.co.zw/2019/07/02/no-repeat-of-2008-measures-in-place-to-pr
eserve-zim-dollar-value/> Read more >

Air Zimbabwe Says 3 "Missing" Planes Are Broken Down & Grounded

Air Zimbabwe received three MA60 aircraft from China in a deal arranged by
the government National airliner, Air Zimbabwe, has dismissed reports that
three of its planes are missing. The.
<http://www.bulls.co.zw/2019/07/02/air-zimbabwe-says-3-missing-planes-are-br
oken-down-grounded/> Read more >

Recession, Zim Dollar return and Economic Outlook

As the country enters the last half of the year and warms up to the
re-introduction of the Zimbabwean Dollar, it is now evident that the economy
is swiftly sliding.
<http://www.bulls.co.zw/2019/07/02/recession-zim-dollar-return-and-economic-
outlook/> Read more >

Zimbabwe to licence new mobile virtual network operators

Zimbabwe will soon licence new entrants into the mobile telecommunications
sector under the mobile virtual network operators' framework, with
authorities agreeing on the need to put in place legal frameworks.
<http://www.bulls.co.zw/2019/07/02/zimbabwe-to-licence-new-mobile-virtual-ne
twork-operators/> Read more >

Nampak to receive $57m from Reserve Bank of Zimbabwe

JOHANNESBURG - JSE-listed Nampak will receive $57million (R800.54m) from the
Reserve Bank of Zimbabwe in settlement of a legacy debt it is owed by its
Zimbabwe unit and which has.
<http://www.bulls.co.zw/2019/07/02/nampak-to-receive-57m-from-reserve-bank-o
f-zimbabwe/> Read more >

Liquid Telecom connects South Sudan to the world

Leading pan-African telecoms group Liquid Telecom will implement and operate
South Sudan's first fibre broadband network, connecting the country to the
"One Africa" broadband network, which is approaching 70,000km across.
<http://www.bulls.co.zw/2019/07/02/liquid-telecom-connects-south-sudan-to-th
e-world/> Read more

Govt to enforce SI-142 compliance

Zimbabwe's monetary and fiscal authorities have put in place measures to
ensure enforcement of Statutory Instrument 142 of 2019, which effectively
ended the multi-currency system and determined the "Zimbabwe dollar".
<http://www.bulls.co.zw/2019/07/02/govt-to-enforce-si-142-compliance/> Read
more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Edgars

AGM

Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/Jason Moyo St,
Bulawayo

11 July 2019, 9am

REST OF AFRICA

Counters Trading Under Cautionary

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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