Bulls n Bears Investors Notebook Issue 376: 20 November 2019

Wed Nov 20 05:09:11 CAT 2019

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Bulls n Bears Investors Notebook Issue 376: 20 November 2019

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

'Bank rate cut will not drive inflation'

The Reserve Bank of Zimbabwe's decision to cut the overnight rate with
effect from today does not threaten the positive inflation outlook, RBZ
Governor Dr John Mangudya and economists say..
<http://www.bulls.co.zw/2019/11/20/bank-rate-cut-will-not-drive-inflation/>
Read more >

African Sun in hotels upgrade

Zimbabwe Stock Exchange-listed hospitality concern, African Sun Limited, has
embarked on an intensive refurbishment of most of its hotels countrywide at
a cost of US$25 million in a move likely.
<http://www.bulls.co.zw/2019/11/20/african-sun-in-hotels-upgrade/> Read more
>

 <mailto:info at bulls.co.zw> 

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

RBZ targets $200m

The Reserve Bank of Zimbabwe (RBZ) yesterday opened its 272-day Treasury
Bills under which it is aiming to mobilise $200 million to fund Government
operations. The offer is open to.
<http://www.bulls.co.zw/2019/11/20/rbz-targets-200m/> Read more >

Shiri urges lowveld farmers to grow cotton

Farmers in the Lowveld should consider cotton growing as the crop has
potential to contribute significantly towards national economic turnaround,
Lands, Agriculture, Water, Climate and Rural Resettlement Minister Perrance
Shiri.
<http://www.bulls.co.zw/2019/11/20/shiri-urges-lowveld-farmers-to-grow-cotto
n/> Read more >

Mining start-up to plough US$100k into exploration

A MINING start-up, Sullivan Enterprise, is preparing to splurge an initial
US$100 000 in exploratory work for brownfield copper deposits near Chinhoyi
in Mashonaland West after winning a High Court.
<http://www.bulls.co.zw/2019/11/20/mining-start-up-to-plough-us100k-into-exp
loration/> Read more >

 <mailto:info at bulls.co.zw> 

Ecobank speaks on $15,000 cash found on parallel market

Ecobank Zimbabwe Limited has said it complied with regulatory requirements
before approving a $15 000 cash withdrawal by a customer which resulted in
pictures of new Zimbabwe dollar notes circulating.
<http://www.bulls.co.zw/2019/11/20/ecobank-speaks-on-15000-cash-found-on-par
allel-market/> Read more >

AfCFTA deal unsettles revenue authorities

AS the drive towards operationalising the African Continental Free Trade
Agreement (AfCFTA) gathers momentum, revenue authorities within the region
are apprehensive of the potential compromise this would pose on domestic.
<http://www.bulls.co.zw/2019/11/20/afcfta-deal-unsettles-revenue-authorities
/> Read more >

 <mailto:info at bulls.co.zw> 

Harare-Kariba flights back on radar

A private airline has lined up scheduled flights between Harare and Kariba
starting this Thursday in a development likely to boost tourism and bring
relief to travellers to the resort.
<http://www.bulls.co.zw/2019/11/20/harare-kariba-flights-back-on-radar/>
Read more >

Fastjet to introduce Bulawayo-Johannesburg route

LOW-COST airline Fastjet Zimbabwe says it will early next month introduce
the Bulawayo-Johannesburg route and has lined up 22 scheduled flights per
week. The scheduled flights, which will begin on.
<http://www.bulls.co.zw/2019/11/20/fastjet-to-introduce-bulawayo-johannesbur
g-route/> Read more >

President successfully markets Zimbabwe . . . United Arab Emirates to send
opportunity scouts

A high-powered business delegation from the United Arab Emirates will soon
visit Zimbabwe to scout for potential business opportunities offered by the
country under the new dispensation, Finance and Economic.
<http://www.bulls.co.zw/2019/11/20/president-successfully-markets-zimbabwe-u
nited-arab-emirates-to-send-opportunity-scouts/> Read more >

China tells Zim: We didn't give you R53m this year. We gave you R2bn

Zimbabwe's 2020 National Budget Statement does not reflect what China has
actually done on the ground, the Chinese embassy says. The Embassy of the
People's Republic of China in Zimbabwe.
<http://www.bulls.co.zw/2019/11/20/china-tells-zim-we-didnt-give-you-r53m-th
is-year-we-gave-you-r2bn/> Read more >

RBZ directed to reduce lending rates to 35 %

THE Reserve Bank of Zimbabwe (RBZ) has been directed by the Monetary Policy
Committee (MPC) to reduce lending rates to 35% in a move which will
encourage borrowing and stimulate.
<http://www.bulls.co.zw/2019/11/20/china-tells-zim-we-didnt-give-you-r53m-th
is-year-we-gave-you-r2bn/> Read more >

Paynet loses US$100m lawsuit

PAYNET Zimbabwe (Pvt) Ltd, a subsidiary of Mauritius registered firm,
Payserv Africa Limited, has lost a US$100 million lawsuit against the
Bankers Association of Zimbabwe (BAZ) following a dispute over.
<http://www.bulls.co.zw/2019/10/22/card-cloning-cases-on-the-rise/> Read
more >

EcoCash Is Not Closing Down, Says EcoCash As It Dismisses Fake News

Amid EcoCash's intermittent service disruptions, some people have decided to
make people panic by cooking up doomsday warnings. EcoCash has dismissed a
circulating message that is saying the Ecocash service.
<http://www.bulls.co.zw/2019/11/20/ecocash-is-not-closing-down-says-ecocash-
as-it-dismisses-fake-news/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

 Bindura Nickel Corp

CBZH

Dawn

Delta

Falgold

Fidelity

MedTech

Meikles

Turnall

Unifreight

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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