Bulls n Bears Investors Notebook Issue 323: 05 September 2019

Thu Sep 5 11:08:01 CAT 2019

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Bulls n Bears Investors Notebook Issue 323: 05 September 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Meikles faces lawsuit over debt

Meikles Limited is facing a lawsuit after it failed to finalise a court
sanctioned debt settlement plan with Core Solutions, a consultancy firm the
diversified listed company engaged to recover-on its behalf-the money it was
owed by the Government.  <http://www.bulls.co.zw/> Read more >

Mineral earnings clock US$1,1bn

THE mining sector generated US$1,1 billion in the first seven months of 2019
against a projected target of US$1,2 billion, according Minerals Marketing
Corporation of Zimbabwe (MMCZ). <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

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

Private sector cushions labour force

Some private sector employers have emulated Government by providing a
cushioning allowance to employees so that they get more disposable income in
the face of the recent price increases.  <http://www.bulls.co.zw/> Read more
>

Zimnat, Access Finance seal deal

INSURANCE services firm, Zimnat, says it has struck a partnership deal with
bureaux de change operator, Access Finance, for provision of key services to
their clients. Under the arrangement, Zimnat customers can now obtain bureau
de change services at selected Zimnat branches across the country.
<http://www.bulls.co.zw/> Read more >

ZimTrade readies for exporters conference

Preparations are at an advanced stage for the ZimTrade 2019 Annual
Exporters' Conference and Exporter of the Year Awards that is set for
October 10-11 in Bulawayo. The conference, taking place under the theme
"Rethink, Reform, Export!" is set to bring together the Government,
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

NRZ, ZTA to jointly market safari steam trains at Sanganai

National Railways of Zimbabwe (NRZ) has partnered the Zimbabwe Tourism
Authority (ZTA) to market its safari steam trains and museum during this
year's Sanganai/Hlanganani World Tourism Expo.  <http://www.bulls.co.zw/>
Read more >

Milk output down 50%

THE Zimbabwe Association of Dairy Farmers (ZADF) says its members have so
far produced 45 million litres of milk against their yearly target of 90
million litres. ZADF chairperson Kudzai Chirima told NewsDay that the
industry was currently being weighed down by drought which has affected the
availability of stockfeeds..  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Investor snaps up 74,73% BNC shareholding

AN unnamed Zimbabwean mining company has snapped up a controlling 74,73%
shareholding in Bindura Nickel Corporation (BNC). BNC is a subsidiary of Asa
Resource, an African focused mining group. <http://www.bulls.co.zw/> Read
more >

First Capital Bank axes 120 workers

FIRST Capital Bank Zimbabwe (FCB), formerly Barclays Bank, has laid off 120
workers as the economic crisis continues to take a toll on the beleaguered
financial services sector, NewsDay can exclusively reveal. The workers were
served with the retrenchment letters early last month and ceased reporting
for duty on August 31. <http://www.bulls.co.zw/> Read more >

ZSE market capitalisation plummets 11,71% in August

The Zimbabwe Stock Exchange (ZSE) market capitalisation fell by 11,71% last
month to $21,66 billion. In real terms, at yesterday's official exchange
rate of US$1: $11,38, the ZSE market capitalisation was valued at US$1,90
billion.

Street Grocery Traders Now Popular In Bulawayo

Streets vendors sell basic commodities from the pavement of a Bulawayo shop
on Wednesday, 4 September 2019. The country's established retailers are
concerned over the proliferation of street grocery vendors in Bulawayo, that
they may put the health of members of the public at risk by selling
uncertified goods. The street traders reportedly flood the streets after 4
PM when most of the people leave town for home. <http://www.bulls.co.zw/>
Read more >

RBZ Urges Citizens To Use Licenced Institutions To Buy & Sell Forex

The Reserve Bank of Zimbabwe (RBZ) has urged members of the public to use
Bureau De Change and banks to buy and sell foreign currency. In a statement,
the Central Bank said: The Reserve Bank of Zimbabwe wishes to advise the
public that the following institutions have been licenced to buy and sell
foreign currency as Bureau De Change in terms of Section 5 of the Exchange
Control (Authorised Dealers with Limited Authority) Order, S.I 104 of 2015. 

Consumer Protection Bill awaits assent   

Consumer protection is set to take a whole new picture in Zimbabwe, with the
Consumer Protection Bill now only awaiting Presidential Assent. The proposed
Consumer Protection Bill seeks to enhance and ensure that consumers have a
strong legal recourse in cases where they feel abused by businesses.
<http://www.bulls.co.zw/> Read more >

IDBZ approves $269m worth of projects

The infrastructure Development Bank of Zimbabwe (IDBZ) says it approved $269
million worth of projects under the Public Sector Investment Programme
during the half year to June 30, 2019. Inadequate economic and social
infrastructure have remained an impediment to the country's growth
aspirations as industry fails to reach full capacity on infrastructure gaps.
<http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Falgold

AGM

PKF Building, corner 14th Ave/Josiah Tongogara Street, Bulawayo

2019 Sept 09, 10am

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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