Bulls n Bears Investors Notebook Issue 380: 26 November 2019

Tue Nov 26 02:15:52 CAT 2019

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Bulls n Bears Investors Notebook Issue 380: 26 November 2019

Bulls ‘n Bears Investors Diary: Today’s Events

Quotable Quote:

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

South Africa’s Pepkor to close loss-making Zimbabwe business

JOHANNESBURG (Reuters) – South African retailer Pepkor Holdings said on
Monday it will exit Zimbabwe after an economic crisis in the country hurt
its performance. Severe shortages of foreign currency,

<http://www.bulls.co.zw/2019/11/26/south-africas-pepkor-to-close-loss-making
-zimbabwe-business/> Read more »

EcoCash Says We Are Almost Done Clearing Customer Queries

EcoCash continues to battle with arguably its worst crash and whilst the
service is back up, it’s certainly not business as usual. With that being
said the mobile money service

<http://www.bulls.co.zw/2019/11/26/ecocash-says-we-are-almost-done-clearing-
customer-queries/> Read more »

 <mailto:info at bulls.co.zw> 

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

Rainbow Rare Earths acquires new mining licences in Zimbabwe

East Africa-focused development firm Rainbow Rare Earths has acquired ten
new mining claims covering a total of 12.6km² in Northern Zimbabwe. Rainbow
noted that the acquisition is part of the

<http://www.bulls.co.zw/2019/11/26/rainbow-rare-earths-acquires-new-mining-l
icences-in-zimbabwe/> Read more »

Inaction over US-dollar pricing could be costly

After revelations — which were an open secret anyway — businesses and
property owners were nonchalantly selling their goods and services in
foreign currency, one would have ordinarily expected concomitant

<http://www.bulls.co.zw/2019/11/26/inaction-over-us-dollar-pricing-could-be-
costly/> Read more »

Minister seeks Treasury, RBZ industry incentives

New Industry and Commerce Minister Dr Sekai Nzenza, says she intends to
engage her finance counterpart, Professor Mthuli Ncube and Reserve Bank of
Zimbabwe (RBZ) Governor Dr John Mangudya, to

<http://www.bulls.co.zw/2019/11/26/minister-seeks-treasury-rbz-industry-ince
ntives/> Read more »

 <mailto:info at bulls.co.zw> 

Mambondiani assumes CCAZ presidency

BancABC chief executive Dr Lance Mambondiani has been appointed president of
the Contact Centre Association of Zimbabwe (CCAZ) taking over from DHL
Zimbabwe managing director Jeff Phiri. Dr Lance Mambondiani

<http://www.bulls.co.zw/2019/11/26/mambondiani-assumes-ccaz-presidency/>
Read more »

ZSE expands, reclassifies indices

The Zimbabwe Stock Exchange (ZSE) will next year introduce new indices on
the local bourse following its adoption of the Global Industry
Classification Standards (GICS). ZSE chief executive Justin Bgoni

<http://www.bulls.co.zw/2019/11/26/zse-expands-reclassifies-indices/> Read
more »

 <mailto:info at bulls.co.zw> 

Zim to rejoin ICCA

THE Zimbabwe Tourism Authority (ZTA) intends to partner in capacity building
and marketing programmes through re-joining the International Congress and
Convention Association (ICCA) after a two-year absence. This was revealed

<http://www.bulls.co.zw/2019/11/26/zim-to-rejoin-icca/> Read more »

NTS expands distribution network

Listed tyre distributor and retailer, National Tyre Services Limited (NTS)
has opened a new fitment centre in Msasa industrial site as it expands its
distribution network. This comes months after

<http://www.bulls.co.zw/2019/11/26/nts-expands-distribution-network/> Read
more »

Importers push for Zimra deadline extension

Motor vehicle importers who are embroiled in a smuggling racket which is
alleged to have prejudiced the Zimbabwe Revenue Authority (Zimra) millions
of dollars by avoiding customs duty have requested

<http://www.bulls.co.zw/2019/11/26/importers-push-for-zimra-deadline-extensi
on/> Read more »

NetOne Removes Charges On All OneMoney Transactions

NetOne has announced the scrapping of all transaction fees on its OneMoney
platform, though the statutory 2 per cent tax on transactions still apply.
The promotion runs until the end

<http://www.bulls.co.zw/2019/11/26/netone-removes-charges-on-all-onemoney-tr
ansactions/> Read more »

Zimbabwe to order importers to declare forex sourcing – government

(Reuters) – Zimbabwe will force importers to declare sources of foreign
currency and those who fail to prove they obtained the money from banks will
forfeit their goods to the

<http://www.bulls.co.zw/2019/10/22/card-cloning-cases-on-the-rise/> Read
more »

Dubai’s Albwardy to buy Zimbabwe’s Meikles Hotel for $20 million

HARARE (Reuters) – Dubai-based Albwardy Investments said on Friday it would
buy Zimbabwe’s Meikles Hotel for $20 million and would upgrade what is one
of the southern African nation’s most

<http://www.bulls.co.zw/2019/11/25/dubais-albwardy-to-buy-zimbabwes-meikles-
hotel-for-20-million/> 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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