Major International Business Headlines Brief::: 14 June 2019

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Major International Business Headlines Brief::: 14 June 2019

 


 

 


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*  Zambian president threatens to fine miners who break law

*  Rand slips on investigation into Ramaphosa campaign donation

*  IMF approves disbursement of $248.15 mln under Angola's credit facility

*  South Africa's Q2 business confidence is unchanged from Q1

*  Ethiopian telecoms sector requires 'huge' investments -minister

*  Tanzania forecasts economic growth of 7.1% in 2019

*  Kenyan shilling weakens against the dollar

*  Nigeria's economy is expected to grow 2.7% this year, President Buhari
says

*  Ethiopia plans to issue telco licences by year-end -sources

*  Vodafone suffers faults across Europe

*  Gulf of Oman tanker 'attacks': Crews rescued amid rising tensions

*  Telegram boss links cyber attack during HK protests to China

*  Is India exaggerating its economic growth?

 


 <mailto:info at bulls.co.zw> 

 


 

Zambian president threatens to fine miners who break law

LUSAKA (Reuters) - Zambia will fine and break ties with mining firms that
fail to operate according to the southern African country’s laws, President
Edgar Lungu said on Thursday, escalating a dispute with India-listed
Vedanta.

 

Vedanta is fighting Zambia’s decision last month to name a provisional
liquidator to run its Konkola Copper Mines (KCM) business and is seeking
international arbitration.

 

Zambia, Africa’s second-largest copper producer, says KCM has breached the
terms of its licence.

 

The dispute between Vedanta and the Zambian government has intensified
concerns among international miners about rising resource nationalism in
Africa.

 

Lungu said in a statement at a mining and energy conference in Lusaka that
the government expected investors to operate within the confines of the law.

 

“Failure to do so will result in the government imposing sanctions and
disengaging with the unwilling parties,” he said in the statement read out
by Mines Minister Richard Musukwa.

 

Zambia’s Chamber of Mines said last month that 2019 copper output could be
as much as 100,000 tonnes lower than last year because of changes to mining
taxes.

 

Zambia plans to introduce a new non-refundable sales tax in place of Value
Added Tax, despite criticism from mining companies.

 

Lungu disagreed with the Chamber of Mines’ predictions, saying the
government forecast copper output would reach 890,000 tonnes by the end of
the year, more than last year.

 

He said the government was ready for dialogue with miners, which account for
70 percent of export earnings.

 

But he added: “The government will not take kindly to any form of
arm-twisting on the part of industry with regard to meeting their
obligations.”

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

Rand slips on investigation into Ramaphosa campaign donation

JOHANNESBURG (Reuters) - South Africa’s rand slipped on Thursday, as
investors were unnerved by an investigation into a donation for President
Cyril Ramaphosa’s 2017 campaign for leader of the governing African National
Congress (ANC) party.

 

Ramaphosa has said he will cooperate with the investigation into whether he
misled parliament over the donation, made by the head of services company
Bosasa, and analysts say is no immediate risk that he could be removed from
office.

 

But the anti-corruption watchdog’s investigation increases political
uncertainty at a time when the economy is performing poorly.

 

At 0710 GMT, the rand traded at 14.90 versus the dollar, 0.2 percent weaker
than its previous close.

 

Government bonds also fell, as the yield on the benchmark 2026 bond rose 3.5
basis points to 8.40 percent.

 

“The Bosasa scandal is the main factor driving a deterioration in risk
sentiment,” said Lloyd Miller, an analyst at ETM Analytics. Nedbank CIB
analysts also cited the Bosasa scandal among factors weighing on the rand.

 

Stocks on the Johannesburg bourse opened little changed, as the All-share
index was flat in early trade.

 

 

 

IMF approves disbursement of $248.15 mln under Angola's credit facility

JOHANNESBURG (Reuters) - The International Monetary Fund said its board had
completed the first review under Angola’s extended arrangement and approved
a disbursement of $248.15 million, taking the total of such payments to
about $1.24 billion.

 

“The Angolan authorities have demonstrated strong commitment to policies
under the Fund-supported program,” the IMF’s first deputy managing director
and acting chair, David Lipton, said in a statement.

 

“However, a weakened external environment, notably the heightened volatility
in the international price of crude oil, is posing challenges to their
reform efforts.”

 

 

 

South Africa's Q2 business confidence is unchanged from Q1

(Reuters) - South Africa’s business confidence in the second quarter
remained unchanged from the previous quarter, a survey showed on Thursday,
as the country struggles to boost growth.

 

The Rand Merchant Bank (RMB) business confidence index compiled by the
Bureau for Economic Research was flat at 28 points in the second quarter,
remaining far below the 50-mark separating the net positive and negative
territories.

 

President Cyril Ramaphosa’s efforts to revive Africa’s most advanced economy
were dealt a blow last week when data showed gross domestic product had
contracted by a quarterly 3.2% in the first three months of 2019, the
largest contraction in a decade.

 

“South Africa will not be able to shift to a lasting higher growth and
prosperity path without more short-term pain,” chief economist at RMB
Ettienne Le Roux said.

 

“This time around, the country cannot rely on the global economy to
counterbalance such internal adjustment costs as global growth itself is now
shifting to a lower gear.”

 

The business confidence index in the quarter hovered very close to the low
of 27 points hit in the second quarter of 2017, according to the survey of
1,800 business people.

 

Sentiment improved in building, retail and wholesale trade sectors, the
survey showed.

 

 

 

 

Ethiopian telecoms sector requires 'huge' investments -minister

ADDIS ABABA (Reuters) - Ethiopia could require as much as $2.2 billion to
modernise its creaking, overburdened telecoms sector, a senior government
official told Reuters on Wednesday.

 

“The need for (telecoms) infrastructure investment is huge,” State Minister
of Finance Eyob Tekalign Tolina said in an interview. “We have said clearly
that public investment has run out of steam. We are not going to do
unsustainable public investment.”

 

His comments mark a radical departure from the policies of late Prime
Minister Meles Zenawi, who insisted that the public, not the private sector,
must control the economy.

 

Decades of heavy, public investment aimed to set Ethiopia up as a regional
economic powerhouse.

 

But revenues from Ethiopia’s fledgling manufacturing industry and
state-controlled sectors like power and sugar have not grown as expected,
necessitating reforms by Prime Minister Abiy Ahmed to rebalance the economy,
Eyob and new technocrats appointed by Abiy argue.

 

Abiy’s reforms aim to encourage competition and foreign investment, and Eyob
said the telecoms sector - long dominated by state monopoly Ethio Telecom -
must be the priority.

 

“Telecoms really affects all sectors. It’s absolutely critical. When you
want to unlock potential that was locked, one key enabler is that sector. So
naturally we have to focus on telecoms,” he said.

 

Reuters reported on Wednesday that the government is aiming to award telecom
licences to multinational mobile companies by December in hopes they will be
up and running next year.

 

Efforts to create an environment conducive to private investment are
underway.

 

Parliament is due on Thursday to debate a law creating a new telecoms
regulator that could issue licences to multinationals.

 

“We need to establish a competent, independent regulatory body ... That
independent authority must ensure a level playing field,” the minister said.

 

The government has worked to make Ethio Telecom more attractive because
there are also plans potentially to sell off a minority stake in the
company.

 

Like most Ethiopian state-owned enterprises, Ethio Telecom is struggling
with debt. But Eyob said that over the past nine months the authorities had
cleared three years of arrears.

 

“Our vision is to see Ethio Telecom to start taking loans without
necessarily requiring the government sovereign guarantee ... (bringing)
Ethio Telecoms to the level of Ethiopian Airlines in terms of the credit
rating,” he said, referring to the state-run carrier, which has become a
major African success story.

 

 

 

Tanzania forecasts economic growth of 7.1% in 2019

NAIROBI (Reuters) - Tanzania’s economy is forecast to grow at 7.1% in 2019,
from 7.0% last year, Finance Minister Philip Mpango told lawmakers on
Thursday.

 

Mpango also forecasted a budget deficit of 2.3% of GDP in 2019/20
(July-June). The full budget is due to be presented to parliament later on
Thursday.

 

The economic forecast was slightly lower than what Mpango projected in March
but higher than the International Monetary Fund’s projection of 4%.

 

 

 

 

Kenyan shilling weakens against the dollar

NAIROBI (Reuters) - The Kenyan shilling weakened against the dollar on
Thursday due to a spike in dollar demand from oil and merchandise importers,
traders said. 

 

At 0733 GMT, commercial banks quoted the shilling at 101.45/65 per dollar,
compared with 101.35/55 at Wednesday’s close. 

 

 

 

Nigeria's economy is expected to grow 2.7% this year, President Buhari says

ABUJA (Reuters) - Nigeria’s economy is expected to grow 2.7% this year,
President Muhammadu Buhari said on Wednesday, in his first public speech
since his inauguration for a second term last month.

 

 

 

Ethiopia plans to issue telco licences by year-end -sources

ADDIS ABABA (Reuters) - Ethiopia is aiming to award telco licences to
multinational mobile companies by the end of the year, ending a state
monopoly and opening up one of the world’s last major closed telecoms
markets, three people with direct knowledge of the process said.

 

Ethiopia’s telecoms industry is considered the big prize in a push to
liberalise the country’s economy launched last year by Prime Minister Abiy
Ahmed because of its huge protected market serving a population of around
100 million.

 

Government officials have already looked at several potential options,
including the sale of a minority stake in Ethio Telecom, granting of new
licences to multiple telecoms operators or a combination of both.

 

Abiy is keen to deliver quickly on his reform pledges but preparing Ethio
Telecom, the monopoly operator, for a partial sale is proving a lengthy
process, said the sources, who asked not to be named. As a result, the
authorities are opting to auction new licences first.

 

The plan, which has not yet been formally announced, would open the bidding
process for two licences in September and they would be awarded in December.

 

The government will expect the winning companies to start operations next
year, initially using Ethio Telecom’s infrastructure to run their networks,
the sources said.

 

State Minister of Finance Eyob Tekalign Tolina told Reuters the government
hoped to launch a bidding process in September, but he declined to give
further details of the reform plan.

 

“By this time next year, we hope that many Ethiopians will be using
different SIM cards,” he said. “We are operating on a very aggressive
timeline.”

 

Vodafone, South African operator MTN, France’s Orange and Etisalat of the
United Arab Emirates are likely to be among the leading contenders vying for
entry into the Ethiopian market.

 

Senior executives from those companies attended a telecoms conference in
Addis Ababa this week and met with government officials.

 

Ethiopia’s potential as an untapped market could outweigh concerns about any
risks, including Ethiopians’ low income levels and the country’s over-valued
birr currency.

 

“There will be a bidding war. It’s the last greenfield site. There’s an
opportunity to be market dominant,” said one company executive.

 

A new telecoms regulator will issue the licences, but this institution has
not yet been set up. A law to create the new watchdog - the Ethiopian
Communications Regulatory Authority - is scheduled to be debated by
parliament on Thursday.

 

TOO OPTIMISTIC?

Company executives who met with government officials this week were told to
expect an announcement on the liberalisation plan, possibly next week.

 

New licences are the preferred option of telecoms executives, rather than a
potential sale of part of Ethio Telecom.

 

But several executives expressed scepticism over the government’s ability to
deliver new licences by the end of this year.

 

One company official said opening a bidding round in September was ambitious
given the complexities of the process and the number of issues that still
needed tackling.

 

“We need a credible, robust, unambiguous roadmap for the next two years,”
said another executive. He said Ethiopia must clarify details of the
sector’s future structure before company boards could consider a possible
investment.

 

Even if the government opts for new licences over a partial sale of Ethio
Telecom, information on the state-owned company’s existing infrastructure
and balance sheet will be crucial for assessing the licences’ value.

 

Chinese companies Huawei and ZTE and Sweden’s Ericsson have been involved in
developing infrastructure for Ethio Telecom over the past few years.

 

Executives said they were more hopeful than at any point in the past decade
that the government was serious about reforming the sector.

 

“It feels real this time, for the first time,” one of them said.

 

State finance minister Eyob said the reforms were on track and that, having
consulted advisers from regulators including the U.S. Federal Communications
Commission, the authorities were ready to move forward.

 

“We’ve reviewed global experiences, the best and worst. We are a late comer
in this so we can learn from what others did wrong and right,” he said.

 

 

 

 

Vodafone suffers faults across Europe

Vodafone says it is working to tackle "disruption" to its mobile and
fixed-line broadband services.

 

It has experienced a fault with an international link used to transmit data
between countries but is rerouting traffic to address the issue.

 

Reports on the DownDetector website indicate that subscribers in the UK,
Ireland, Greece, Italy, Portugal and Germany are among those affected.

 

The problem appears to have begun after 14:00BST.

 

Some affected users have, however, reported that issues with email and other
internet-based activities have been resolved.

 

The fault comes a day after the firm announced that it had begun allowing
users to link their accounts to Amazon's Alexa service, letting them call
contacts via the US company's smart speakers. However, there is no
suggestion that this was the cause of the outage.--BBC

 

 

 

Gulf of Oman tanker 'attacks': Crews rescued amid rising tensions

Two oil tankers have been significantly damaged in suspected attacks in the
Gulf of Oman.

 

The Japanese-owned Kokuka Courageous with 23 crew members aboard and
Norway's Front Altair with 23 people were abandoned after the blasts. Iran
and the US say they evacuated the crew.

 

It is unclear what caused the blasts coming amid high US-Iran tensions.

 

A senior Iranian official told the BBC: "Iran has no connection with the
incident."

 

The suspected attack in one of the world's busiest oil routes comes a month
after four oil tankers were attacked off the United Arab Emirates.

 

No group or country has admitted May's incident, which also caused no
casualties.

 

The US at the time blamed Iran - but Tehran denied the accusations.

 

Gulf of Oman tanker 'attacks': What we know

US-Iran tensions explained

Oil prices jumped as much as 4% after Thursday's incident.

 

The Gulf of Oman lies at one end of the strategic Strait of Hormuz - a vital
shipping lane through which hundreds of millions of dollars of oil pass.

 

What do we know about the explosions?

The cause has not been confirmed.

 

The Front Altair had been "attacked", the Norwegian Maritime Authority said,
leading to three explosions on board.

 

Wu I-fang, a spokesman for Taiwan's CPC Corp oil refiner, which chartered
the Front Altair, said it was carrying 75,000 tonnes of naphtha and was
"suspected of being hit by a torpedo", although this has not been confirmed.

 

Other unverified reports suggested a mine attack.

 

The ship's owner, Frontline, said the vessel was on fire - but denied
reports in Iran media it had sunk.

 

The operator of the Kokuka Courageous, BSM Ship Management, said its crew
abandoned ship and were rescued by a passing vessel.

 

The tanker was carrying methanol and was not in danger of sinking, a
spokesman said.

 

It is currently located about 130km (80 miles) from Fujairah in the UAE and
16 miles from Iran. The cargo remains intact.

 

The key thing now is to determine exactly what caused the damage to the two
tankers in the Gulf of Oman, and that will provide powerful clues as to who
may have carried out the attacks.

 

The US has a powerful naval presence in the region and will have a range of
intelligence assets to draw upon.

 

A US official has already noted that they believe that they will be able to
recover enough debris from the attacks "to come up with solid evidence for
tracing them back to their source".

 

What happens then is a question of strategic judgement.

 

Countries like France and Germany are already urging caution and pressing
for a de-escalation.

 

But an attack on two merchant vessels in international waters is a hugely
significant act.

 

And these latest attacks - unlike the sabotage with limpet mines a month ago
- risked causing significant loss of life.

 

Who came to the rescue?

Iranian state media said Iran had rescued the crew members of both vessels
and they had been taken to the port of Jask.

 

The US 5th Fleet, based in Bahrain, said it had sent the USS Bainbridge to
assist.

 

Spokesman Josh Frey said in a statement: "US naval forces in the region
received two separate distress calls at 06:12 local time (03:12 GMT) and a
second one at 07:00."

 

The US Navy later said 29 crew members from the Kokuka Courageous were taken
on board the USS Bainbridge.

 

Why are US-Iran tensions so high?

In 2018, the US pulled out of the landmark nuclear deal reached in 2015 that
was aimed at curbing Iran's nuclear activities.

 

The move was strongly criticised by a number of countries, including
America's closest allies.

 

In May, President Donald Trump tightened US sanctions on Iran - mainly
targeting its oil sector.

 

Iran then announced it was suspending some commitments under the nuclear
deal.

 

In recent months the US has strengthened its forces in the Gulf - saying
there was a danger of Iranian attacks.

 

It has sent an aircraft carrier strike group and B-52 bombers to the region.

 

In response, Iran has accused the US of aggressive behaviour.

 

Those tensions rose markedly after the 12 May limpet mine attacks in the
UAE.

 

Media captionThe BBC was invited on board the USS Abraham Lincoln in the
Arabian Sea

The UAE blamed an unnamed "state actor".

 

The US said that actor was Iran, an accusation Tehran has denied.

 

How has the world reacted?

UN Secretary General António Guterres condemned Thursday's blasts.

 

He told the Security Council that the world cannot afford "a major
confrontation in the Gulf region".

 

Meanwhile, the EU called for "maximum restraint", while Russia said no-one
should jump to conclusions or use the incident to put pressure on Iran, a
Russian ally.

 

The incident is expected to be discussed at a closed-door meeting of the UN
Security Council later on Thursday.

 

Paolo d'Amico, chairman of the tanker association, Intertanko, said the two
vessels had been attacked, and expressed concern about dangers to other
crews.

 

"If the waters are becoming unsafe, the [oil] supply to the entire Western
world could be at risk," he said.--BBC

 

 

 

Telegram boss links cyber attack during HK protests to China

Telegram's founder Pavel Durov has said a massive cyber attack on his
messaging service originated from China.

 

On Wednesday, the firm confirmed it suffered a "powerful" Distributed Denial
of Service attack which disrupted services for about an hour.

 

In a DDos attack, hackers overwhelm a target's servers with junk requests.

 

It came as protestors in Hong Kong used Telegram to coordinate
demonstrations over a plan to allow extradition to China.

 

In a post on Twitter, Telegram said the disruption affected users in the
Americas and "other countries".

 

Mr Durov later tweeted the IP addresses involved in the attack mostly came
from China.

 

China's Cyberspace Administration, which oversees the country's cyber
policy, has yet to comment.

 

Telegram allows people to send encrypted messages, documents, videos and
pictures without charge.

 

Users can create groups for up to 200,000 people, or channels for
broadcasting to unlimited audiences.

 

Its popularity has grown because of its emphasis on encryption, which
thwarts many widely used methods of reading confidential communications.

 

Mr Durov's comments came amid reports a man identified as a Telegram group
administrator had been arrested in Hong Kong for conspiracy to commit public
nuisance.

 

Hong Kong in shock after anti-extradition violence

All you need to know about the protests

Police and protesters had pitched battles in the city on Wednesday over
plans to allow suspects to be extradited to mainland China.

 

Seventy-two people were injured, including two men who were in critical
condition.

 

Hong Kong is part of China under a "one country, two systems" principle,
which ensures that it keeps its own judicial independence, its own
legislature and economic system.

 

People are worried that should the extradition bill pass, it would bring
Hong Kong more decisively under China's control.--BBC

 

 

 

 

Is India exaggerating its economic growth?

India's economic growth might be overestimated, according to the country's
former chief economic adviser.

 

In a column published in an Indian newspaper, Arvind Subramanian said his
research shows India has changed how it measures growth - and this led to
its gross domestic product (GDP) being overstated by about 2.5% annually.

 

Prime Minister Narendra Modi's panel of economic advisers has rejected his
conclusions, adding it would soon issue a "point-to-point rebuttal".

 

Mr Subramanian's observations have, however, reignited concerns about the
credibility of India's economic growth data.

 

It was the fastest growing economy in 2018 but many leading economists have
argued the new methodology is flawed as it does not truly reflect the
economy.

 

What's the controversy?

In 2015, India changed the way it measured GDP.

 

One of the major changes: GDP is now measured by using market prices rather
than basic costs. Simply put, the GDP was used to be calculated based on the
wholesale prices at which producers received their products. Now, it's
calculated based on the market prices paid by consumers.

 

And the base year was shifted from 2004-05 to 2011-12 to assess quarterly
and annual growth figures. Since then, the methodology has been under
scrutiny from economists and statisticians.

 

Mr Subramanian has reinforced those doubts by claiming that the economic
growth for the period between the financial years 2011-12 and 2016-17 is
exaggerated. While official estimates put it at 7%, he pegs the "actual
growth" at about 4.5%.

 

His comments are based on his own research, which has been published by the
Centre for International Development at Harvard University.

 

Since 2015 - when the new methodology came into effect - a growing number of
experts have questioned the high growth estimates under Prime Minister
Narendra Modi's government.

 

Despite the his government's claims of rapid growth, unemployment touched a
45-year high between 2017 and 2018.

 

Raghuram Rajan, former head of India's central bank and former chief
economist of the International Monetary Fund, has expressed doubts over the
data given the high rate of joblessness.

 

What does the Indian government say?

The government has defended its methodology for calculating economic growth.

 

"India objectively measures the contribution of various sectors in the
economy and the country's GDP estimates are based on accepted procedures and
methodologies," India's statistics ministry said in a statement.

 

This is the not the first time that the government has been questioned over
data collection. A study by the statistics ministry found that in the fiscal
year which ended June 2016, 36% of companies in the database used for
calculating India's GDP could not be traced or were wrongly classified.

 

 

The government itself has admitted there are deficiencies in the way it
collets data.

 

Mr Subramanian has called for an independent panel of experts comprising
Indian and foreign nationals to examine India's GDP data.

 

"My new research suggests that post-global financial crisis, the heady
narrative of a guns-blazing India - that statisticians led us to believe -
may have to cede to a more realistic one of an economy growing solidly but
not spectacularly," Mr Subramanian writes.

 

How will this affect India?

It's a big blow for Mr Modi's government, which recently won a second term
but is already under pressure to revive economic growth.

 

The government's own figures admit that India is no longer the fastest
growing economy - it lost that tag to China when its GDP grew at its slowest
pace in five years.

 

Not only could this hurt India's reputation but it also highlights how
economic policies implemented over the past few years may have actually
impeded growth by giving an inaccurate picture of the economy.

 

For example, interest rates in India were kept high to tackle inflation but
that created more barriers for businesses, forcing them to borrow capital at
a high cost. To make matters worse, the unravelling of the bad loans crisis
impacted banks, making it difficult to access money.

 

The central bank lowered interest rates thrice this year to boost the
economy after growth started to falter.

 

The lack of jobs and the agrarian crisis gripping India are two huge
challenges that have weighed down economic growth.

 

Apart from restoring confidence in the economy, experts say there is an
urgent need to revamp the statistical system to capture real-time data for
policy analysis. The government has said that it's working with the World
Bank to modernise the way data is collected

 

Mr Modi has set up committees to device policies that would help attract
investment and create employment. Given the gloomy outlook on India's
economy, Mr Subramanian, too, expects the government to act swiftly to
tackle the slowdown.

 

"Going forward, there must be reform urgency stemming from the new knowledge
that growth has been tepid, not torrid," he writes.--BBC

 

 

 

 

 


 

 


 

INVESTORS DIARY 2019

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


RTG

AGM

Jacaranda Rooms 2 and 3, Rainbow Towers

12 June 2019, 12pm

 


Zimplow

AGM

Head Office, 36 Birmingham Road, Southerton

13 June 2019, 10am

 


TSL

AGM

28 Simon Mazorodze Road, Southerton

19 June 2019, 12pm

 


Zimpapers

AGM

Boardroom, 6th Floor, Herald House

20 June 2019, 12pm

 


Masimba Holdings

AGM

Head Office, 44 Tilbury Road, Willowvale

21 June 2019, 12:30pm

 


RioZim

AGM

1 Kenilworth Road, Highlands

24 June 2019, 10:30am

 


Proplastics

AGM

Palm Court, Meikles

25 June  2019, 10am

 


Fidelity Life

AGM

Great Indaba Room, Crowne Plaza Monomotapa

26 June 2019, 10am

 


GB Holdings

AGM

Cernol Chemicals Boardroom,  111 Dagenham Road, Willowvale

26 June 2019, 11:30am

 


Dawn Properties

AGM

Ophir Room, Monomotapa Hotel

27 June 2019, 10am

 


Unifreight

AGM

Royal Harare Golf Club

27 June 2019, 10am

 


African Sun

AGM

Ophir Room, Monomotapa Hotel

27 June 2019, 12pm

 


FMP

AGM

Palm Court, Meikles

27 June 2019, 12pm

 


MedTech

AGM

Boardroom, Stand 619, corner Shumba/Hacha Roads, Ruwa

27 June 2019, 2pm

 


FML

AGM

Palm Court, Meikles)

27 June 2019, 2:30pm

 


FBC

AGM

Royal Harare Golf Club

27 June 2019, 3pm

 


BAT

AGM

Head office, 1 Manchester Road, Southerton

28 June 2019, 10am

 


ZBFH

AGM

Boardroom, Ground Floor, 21 Natal Road, Avondale

28 June 2019, 10:30am

 


ZPI

AGM

206 Samora Machel Avenue East

28 June 2019, 2pm

 


 

 

 

 

 


ZHL

AGM

Aquarium Room, Crowne Plaza Monomotapa Hotel

30 June 2019, 10am

 


Edg Edgars

AGM

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

11 July 2019, 9am

 


Companies under Cautionary

 

 

 


 

 

 

 


Bindura Nickel Corporation

 

 

 


Padenga Holdings

 

 

 


Delta Corporation

 

 

 


Meikles Limited

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


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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
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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
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any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and sourced from third parties.

 


 

 


(c) 2019 Web: <http:// www.bulls.co.zw >  www.bulls.co.zw Email:
<mailto:info at bulls.co.zw> info at bulls.co.zw Tel: +263 4 2927658 Cell: +263 77
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Invest Wisely!

Bulls n Bears

 

Telephone:    <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 719 441 674

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

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Skype:                  Bulls.Bears 

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