Bulls n Bears Investors Notebook Issue 281: 03 July 2019

Wed Jul 3 04:12:23 CAT 2019

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Bulls n Bears Investors Notebook Issue 281: 03 July 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Rushwaya loses ZMF presidency

Zimbabwe Miners' Federation (ZMF) president Henrietta Rushwaya has lost the
presidency of the small-scale miners' body after her appeal was dismissed by
the Supreme Court. Ms Rushwaya had earlier been.
<http://www.bulls.co.zw/2019/07/03/rushwaya-loses-zmf-presidency/> Read more
>

Interbank rate overtakes black market

THE interbank exchange rate has surpassed parallel market rates with some
banks offering more in local currency for those exchanging their foreign
currency. Government last week outlawed the use of.
<http://www.bulls.co.zw/2019/07/03/interbank-rate-overtakes-black-market/>
Read more >

 <mailto:info at bulls.co.zw> 

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

NetOne Managing Director (MFS) Resigns

NetOne's managing director for the Mobile Financial Services (MFS) unit
Nkosinathi Ncube has resigned with immediate effect, Zim Morning Post
reports. Ncube reportedly left the State-owned Mobile Network Operator
(MNO).
<http://www.bulls.co.zw/2019/07/03/netone-managing-director-mfs-resigns/>
Read more >

ZETDC Announces Increased Load Shedding Due To Spike In Demand

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) said
that load shedding has increased outside schedule due to a spike in demand
for electricity. In a statement issued on Tuesday.
<http://www.bulls.co.zw/2019/07/03/zetdc-announces-increased-load-shedding-d
ue-to-spike-in-demand/> Read more >

Eskom Confirms Receiving Payment From ZESA (US$10 Million)

South Africa's power utility, Eskom said that it had received the
much-talked-about US$10 million from the Zimbabwe Electricity Supply
Authority (ZESA). In a statement issued on Tuesday (today), Eskom said:.
<http://www.bulls.co.zw/2019/07/03/eskom-confirms-receiving-payment-from-zes
a-us10-million/> Read more >

 <mailto:info at bulls.co.zw> 

RBZ takes aim at forex speculators

Government says the sharp hike of the overnight bank rate by the Reserve
Bank of Zimbabwe to support the domestic currency will discourage borrowing
for currency speculation as well as.
<http://www.bulls.co.zw/2019/07/03/rbz-takes-aim-at-forex-speculators/> Read
more >

. . . bloodbath on parallel market

Some illegal foreign currency dealers have been pushed out of "business" as
Statutory Instrument (SI) 142 of 2019 effects continue to hold fort on the
foreign exchange market, forcing rates.
<http://www.bulls.co.zw/2019/07/03/bloodbath-on-parallel-market/> Read more
>

 <mailto:info at bulls.co.zw> 

ZimCoke recruits former Zisco workers

REDCLIFF-based company, ZimCoke Private Limited, is set to recruit scores of
former Ziscosteel workers when the recruitment exercise begins this month.
The company, which took over a coking oven within.
<http://www.bulls.co.zw/2019/07/03/zimcoke-recruits-former-zisco-workers/>
Read more >

NetOne partners youth organisation in training 75 software developers

MOBILE communications company NetOne has partnered a youth leadership
organisation, Elevate Trust, in training 75 local software developers in a
programme that was launched by Google to train thousands of.
<http://www.bulls.co.zw/2019/07/03/netone-partners-youth-organisation-in-tra
ining-75-software-developers/> Read more >

Top hospital managers fired over drugs scandal

MASVINGO Provincial Hospital medical superintendent Dr Julius Chirengwa and
the entire management committee have been suspended pending investigations
into a scandal that has resulted in critical drugs being diverted to.
<http://www.bulls.co.zw/2019/07/03/top-hospital-managers-fired-over-drugs-sc
andal/> Read more >

Bulawayo venue boosts Sanganai/Hlanganani expo

THE hosting of the annual Sanganai/Hlanganani World Travel and Tourism Expo
in Bulawayo has yielded positive results with the event expected to grow by
at least 20 percent this year.
<http://www.bulls.co.zw/2019/07/03/bulawayo-venue-boosts-sanganai-hlanganani
-expo/> Read more >

Millers to do away with middlemen

THE Grain Millers' Association of Zimbabwe (GMAZ) is considering eliminating
the role of wholesalers in the distribution of basic commodities to make
them affordable to consumers. Addressing retailers during a.
<http://www.bulls.co.zw/2019/07/03/millers-to-do-away-with-middlemen/> Read
more >

'Big Josh' a viable tourism brand: ZTA

THE Zimbabwe Tourism Authority (ZTA) is working on a strategy to transform
the Joshua Nkomo Heritage Trails into a fully-fledged and viable tourism
product. On Monday, the country marked the.
<http://www.bulls.co.zw/2019/07/03/big-josh-a-viable-tourism-brand-zta/>
Read more

Inept officials cost Govt millions of dollars

INEPT Government officials have wasted millions of dollars released by
Treasury for programmes meant to benefit vulnerable people and the education
sector, the Auditor General, Mrs Mildred Chiri, has said..
<http://www.bulls.co.zw/2019/07/03/inept-officials-cost-govt-millions-of-dol
lars/> 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!

Bulls n Bears

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