Bulls n Bears Investors Notebook Issue 294: 22 July 2019

Mon Jul 22 04:15:29 CAT 2019

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Bulls n Bears Investors Notebook Issue 294: 22 July 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Fidelity mulls extraction fund

FIDELITY Printers and Refiners plans to establish a gold fund to support the
extraction of the mineral in addition to processing to help miners achieve
the 100 tonne target by.
<http://www.bulls.co.zw/2019/07/22/fidelity-mulls-extraction-fund/> Read
more >

NRZ refurbishes 10 locomotives, 336 wagons

THE National Railways of Zimbabwe (NRZ) has completed refurbishment of 10
locomotives and 336 wagons in an effort to boost its fleet and position the
entity for increased freight volumes,.
<http://www.bulls.co.zw/2019/07/22/nrz-refurbishes-10-locomotives-336-wagons
/> Read more >

 <mailto:info at bulls.co.zw> 

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

'Zim needs increased value addition projects'

THE mining sector needs more value addition and beneficiation investments
for the country to fetch higher export earnings from its rich natural
resource base, Mines and Mining Development Minister, Winston.
<http://www.bulls.co.zw/2019/07/22/zim-needs-increased-value-addition-projec
ts/> Read more >

Foreign mining firms keen to do business with Zimbabwe

ZIMBABWE has a great potential to transform its economy in the short to long
term, riding on its natural resource base. This was said by foreign
exhibitors at the just.
<http://www.bulls.co.zw/2019/07/22/foreign-mining-firms-keen-to-do-business-
with-zimbabwe/> Read more >

Provinces receive devolution funds

GOVERNMENT'S devolution agenda has taken off in earnest, as provinces begin
to utilise development funds under the $310 million facility set aside by
Treasury, with Finance and Economic Development Minister.
<http://www.bulls.co.zw/2019/07/22/provinces-receive-devolution-funds/> Read
more >

 <mailto:info at bulls.co.zw> 

Zesa owes council over $135m: Mayor

HARARE City Council has said it is owed $135 million by Zesa Holdings and
this is one of the key factors affecting service delivery. This came out
after Zesa handed.
<http://www.bulls.co.zw/2019/07/22/zesa-owes-council-over-135m-mayor/> Read
more >

Silo Food Industries To Buy Maize At ZW$2 100 Per Tonne

Silo Food Industries (SFI) has announced that it is now buying maize and
small grains from farmers at ZW$ 2 100 per tonne. The company said that it
will be.
<http://www.bulls.co.zw/2019/07/22/silo-food-industries-to-buy-maize-at-zw2-
100-per-tonne/> Read more >

 <mailto:info at bulls.co.zw> 

Meikles requires US$30m to facelift its Harare hotel

Meikles Limited said on Friday it requires at least US$30 million to
modernise its prime Harare hotel, which the group is in the process of
selling to a Dubai based.
<http://www.bulls.co.zw/2019/07/22/meikles-requires-us30m-to-facelift-its-ha
rare-hotel/> Read more >

Lobels Close Bulawayo Factory For The Second Time Within A Month - Report

The dire situation ravaging the country has left bakeries struggling too.
The Bulawayo Plant of Lobels Bakeries has been affected as they were alleged
to have closed their plant on.
<http://www.bulls.co.zw/2019/07/22/lobels-close-bulawayo-factory-for-the-sec
ond-time-within-a-month-report/> Read more >

Its Time To Panic A Little - Eddie Cross

Eddie Cross Fears The Dramatic Return Of The Zimbabwe Dollar & Ban On Use Of
All Forex On Domestic Transactions Will Destabilise The Economy. Economist
Eddie Cross in a flowery.
<http://www.bulls.co.zw/2019/07/22/its-time-to-panic-a-little-eddie-cross/>
Read more >

RBZ approves Prospect Resources acquisition

PERTH - The Reserve Bank of Zimbabwe has approved ASX-listed Prospect
Resources' acquisition of an additional 17% interest in the Arcadia lithium
project. The transaction would increase Prospect's stake in.
<http://www.bulls.co.zw/2019/07/22/rbz-approves-prospect-resources-acquisiti
on/> Read more >

Govt moves to tackle gold leakages

The government will meet gold producers at various buying centres so as to
ascertain why a significant number of small-scale producers continue to
sidestep Fidelity Printers and Refiners (FPR) and.
<http://www.bulls.co.zw/2019/07/22/govt-moves-to-tackle-gold-leakages/> Read
more >

Govt to rescue closed mines

The government is considering a duty waiver for closed mines to allow them
to retool, Finance minister Mthuli Ncube has said. Ncube said allowing the
struggling mines to import equipment.
<http://www.bulls.co.zw/2019/07/22/govt-to-rescue-closed-mines/> Read more >

Slight gains recorded on the ZSE

The Zimbabwe Stock Exchange (ZSE) seesawed during the week ended July 19
2019 on mixed trading before closing slightly up. During the week, while we
expected buyer aggression to return.
<http://www.bulls.co.zw/2019/07/22/slight-gains-recorded-on-the-zse/> Read
more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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.

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