Bulls n Bears Investors Notebook Issue 474: 01 April 2020

Wed Apr 1 15:38:23 CAT 2020

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Bulls n Bears Investors Notebook Issue 474: 01 April 2020

 <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

RBZ suspends forex rule

THE Reserve Bank of Zimbabwe (RBZ) has suspended the 30-day foreign currency
balance liquidation requirement for exporters as well as its attendant
penalty system so as to minimise the impact.
<http://www.bulls.co.zw/2020/04/01/rbz-suspends-forex-rule/> Read more >

Zimbabwe Dollar Further Moves In The Positive Against The US$

The Zimbabwe dollar has in the recent past continued to gain value against
the United States dollar assumably due to the Reserve Bank of Zimbabwe
(RBZ)'s recent relaxation of Statutory.
<http://www.bulls.co.zw/2020/04/01/zimbabwe-dollar-further-moves-in-the-posi
tive-against-the-us/> Read more >

 <mailto:info at bulls.co.zw> 

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

'Cease all mining operations'

THE Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu) has called
upon the Chamber of Mines of Zimbabwe (CoMZ) and all mine workers to
immediately stop going to work for.
<http://www.bulls.co.zw/2020/04/01/cease-all-mining-operations/> Read more >

RBZ orders corporates to bank US$ earnings into domestic nostro accounts

THE Reserve Bank of Zimbabwe (RBZ) has ordered all corporates receiving
foreign currency, to deposit the money into their domestic nostro bank
accounts. Last week, the RBZ lifted the ban.
<http://www.bulls.co.zw/2020/04/01/rbz-orders-corporates-to-bank-us-earnings
-into-domestic-nostro-accounts-2/> Read more >

Government waives duty on Covid-19 material

Duty on imported drugs and other materials used in the Covid-19 response has
been waived, with Government expressing satisfaction with mitigation
measures put in place by the Inter-Ministerial Taskforce set.
<http://www.bulls.co.zw/2020/04/01/government-waives-duty-on-covid-19-materi
al/> Read more >

 <http://www.nedbank.co.zw/> 

Nyaradzo Group sets pace in fight against Covid-19

INTEGRATED financial services concern, Nyaradzo Group, has established two
clinics in Harare and Ruwa where their staff are undergoing screening and
testing for the novel coronavirus, otherwise known as Covid-19..
<http://www.bulls.co.zw/2020/04/01/nyaradzo-group-sets-pace-in-fight-against
-covid-19/> Read more >

Chiadzwa Community Diamond Project Update

Vast Resources plc, the AIM-listed mining company, notes that its
announcement of 3 March 2020 confirmed that it had received official
communication that all internal processes leading to the conclusion.
<http://www.bulls.co.zw/2020/04/01/chiadzwa-community-diamond-project-update
/> Read more >

 <mailto:info at bulls.co.zw> 

Water levels rise in Zambezi River

The Zambezi River Authority (ZRA) has said water flows upstream of the
Zambezi River and subsequent inflows into the Victoria Falls and Lake Kariba
have increased, but will not result.
<http://www.bulls.co.zw/2020/04/01/water-levels-rise-in-zambezi-river/> Read
more >

CAPS producing 80k chloroquine pills

CAPS Holdings is manufacturing at least 80 000 chloroquine tablets per day
to fight against the spread of Covid-19, with State universities and
security forces producing critical paraphernalia and drugs.
<http://www.bulls.co.zw/2020/04/01/caps-producing-80k-chloroquine-pills/>
Read more >

African Sun closes

The impact of coronavirus on the local tourism is increasingly being felt,
with the African Sun Limited Group shutting down 14 hotels and resorts, as
well as its main corporate.
<http://www.bulls.co.zw/2020/04/01/african-sun-closes/> Read more >

First Capital Bank loan book rises to $622m

First Capital Bank's RTGS loan book rose two-fold to $622 million last year,
with the growth largely in the third and fourth quarters, covering the key
productive sectors including agriculture,.
<http://www.bulls.co.zw/2020/04/01/first-capital-bank-loan-book-rises-to-622
m/> Read more >

Blanket Mine pursues lockdown exclusion

Resources group - Caledonia Mining Corporation's local unit, Blanket Gold
Mine remains in partial operation as it awaits response from Government on
its application for an exemption . Only exempted.
<http://www.bulls.co.zw/2020/04/01/blanket-mine-pursues-lockdown-exclusion/>
Read more >

Panic buying, lockdown drives up food inflation

Lockdowns and coronavirus-triggered panic food buying is likely to push up
prices in Zimbabwe and across the entire Southern African region already
battling with a drought caused by poor rains.
<http://www.bulls.co.zw/2020/04/01/panic-buying-lockdown-drives-up-food-infl
ation/> Read more >

Farmers seek tax exemption

THE Zimbabwe Farmers' Union (ZFU) is lobbying Government to exempt farmers
from paying 10 percent withholding tax on produce exceeding $1 000, arguing
the levy was eroding their already low.
<http://www.bulls.co.zw/2020/04/01/farmers-seek-tax-exemption/> Read more >

INVESTORS DIARY 2020

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!

Bulls n Bears 

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