Bulls n Bears Investors Notebook Issue 481: 15 April 2020

Wed Apr 15 08:10:47 CAT 2020

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Bulls n Bears Investors Notebook Issue 481: 15 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

Zimbabwe March inflation jumps to 676.39% y/y - Zimstat

HARARE (Reuters) - Zimbabwe's inflation rate jumped to 676.39% year-on-year
in March from 540.16% the previous month, statistical agency Zimstat said on
Tuesday. On a month-on-month basis, inflation increased to 26.59% during the
same period compared to 13.52% in Februay, said Zimstat.
<http://www.bulls.co.zw/> Read more >

Why Zim didn't get IMF Covid-19 debt relief   

The International Monetary Fund (IMF) has announced half a billion United
States dollar debt service relief fund for the world's poorest and
vulnerable economies to help them fight and contain the spread of the
Covid-19 pandemic. Twenty-five affected countries, including several African
countries, have been selected to benefit from the debt relief package.
However, Zimbabwe is not among economies that have been earmarked as
beneficiaries; all because of a technical condition one must meet to
qualify. <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

Border Timbers eyes export surge   

Timber producer and processor Border Timbers says it anticipates a surge in
exports stemming from regional demand of lumber and poles. In its six months
to December 31, 2019 trading update , Border Timbers, revealed that "there
is growing demand" for their products in regional countries and beyond, a
development that has potential to catapult the firm's exports in the year
underway. Border Timbers, which still operates under judicial management,
indicated that production and sales volumes for the said period reduced as a
result of lower demand coupled by sharp power outages that led to a
diminished  production of lumber and treated poles.
<http://www.bulls.co.zw/> Read more >

Equities market closes in positive   

The equities market closed in the positive territory during the holiday
shortened week to Thursday, amid coronavirus induced uncertainties gripping
economies across the globe. The World Bank already sees economies in the
Sub-Saharan Africa facing serious headwinds emanating from low agriculture
production due to disturbances caused by the pandemic. The region and
Zimbabwe in particular, are commodities-based economies and restrictions in
movements will have a knock-on effect on trade and the general economic
performance.  <http://www.bulls.co.zw/> Read more >

Cassava launches digital health platform   

Cassava HealthTech has launched the Maisha Medik digital health platform
that will be accessible through a mobile application set to enhance
Zimbabwe's healthcare delivery sector. Cassava HealthTech, a subsidiary of
Zimbabwe Stock Exchange-listed fintech and digital services giant Cassava
Smartech Zimbabwe, operates Maisha Health, MARS and Steward Health. The
Maisha Medik digital platform will help connect patients, doctors, health
insurance companies and health services institutions, all through a mobile
App, which will allow for secure and easy information sharing, storing of
health records, as well as scheduling of medical appointments to facilitate
efficient health service delivery.  <http://www.bulls.co.zw/> Read more >

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

ZSE investors to assess Covid-19 impact   

Investors in companies listed on the Zimbabwe Stock Exchange, will only know
how much an impact the Covid-19 pandemic and the subsequent 21-day lockdown
is having on companies' performance after the expiry of the statutory
lockdown period which ends on April 19, 2020. Even after the expiry of that
lockdown period, companies will still have a grace period of up to May 15,
2020 before they can disclose the full impact of the lockdown and the
coronavirus pandemic. Both Covid-19 and the subsequent lockdown has put so
much strain on companies and naturally, they would have been required to
issue cautionary statements advising shareholders of what to expect in terms
of company performance.  <http://www.bulls.co.zw/> Read more >

Airzim's B777 leaves for Ethiopia   

Air Zimbabwe's Boeing 777-200ER aircraft left Harare for Ethiopia for
mandatory periodic maintenance, which could not be carried out in Harare due
to the unavailability of special maintenance equipment. The maintenance is
said to be critical in ensuring that the aircraft remains serviceable in
line with the ongoing process of dry leasing it. In a statement yesterday,
Airzim said they had licensed engineers on contract from Asia Aero Technic
of Malaysia, but the maintenance tasks could not be completed successfully
to the required conformance standards in Zimbabwe in the absence of
technical rigs and test equipment.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Treasury releases $591m for Covid-19 fight   

Government has so far released $591 million for immediate Covid-19 response
support, with some of the money channelled towards the rehabilitation of
Wilkins Infectious Diseases Hospital. Finance and Economic Development
Minister Professor Mthuli Ncube said the Ministry of Health and Child Care
got $154 million for immediate use in the Covid-19 fight. The figure
excludes the cost of the 4 000 new health personnel that are being hired.
<http://www.bulls.co.zw/> Read more >

Duty-free imports SI gazetted   

Government yesterday gazetted the legal instrument that allows the
importation of essential goods to fight Covid-19 into the country duty-free.
This follows an administrative decision to allow the goods to come into the
country without paying duty, while the legal framework was being worked on.
The regulations, which are effective March 30, were contained in Statutory
Instrument 88 of 2020 that was published in the extraordinary Government
Gazette yesterday. The essential goods are undenatured ethyl alcohol with a
volume of 80 percent or higher, gauzes, bandages, hand sanitisers and other
disinfectants, ozone, oxygen, aerosol therapy and respiration apparatus.
Others are masks, gloves, toilet paper, protective apparel and clothing
accessories and syringes. <http://www.bulls.co.zw/> Read more >

FMCG businesses feast on lockdown spoils   

THE on-going lockdown against the spread of Covid-19 has created greater
advantages for businesses dealing with fast-moving consumer goods (FMCG) who
are riding on the sudden rise in demand. This has seen some shops, in both
urban and rural areas, increase prices of basic commodities such as
mealie-meal, sugar and cooking oil, taking advantage of limited competition
and constrained supplies. Zimbabwe is under a 21-day lockdown since March
30, in keeping with global efforts to stem the spread of the deadly Covid-19
pandemic, which has claimed nearly 200 000 lives worldwide with about two
million positive cases.  <http://www.bulls.co.zw/> Read more >

Covid-19 piles misery on livestock farmers   

LIVESTOCK farmers across the country have been hit hard by Covid-19, which
has resulted in reduced sales and a drop in prices following closure of most
businesses under the lockdown period. While farmers who rear goats, pigs,
cattle and chicken have been given an essential service status, they are
unable to operate efficiently due to the lockdown. Mixed commercial farmer,
Mr Baldwin Mazango, who is based in Midlands province and is the Youths in
Agriculture Apex Council Board (YAACB) vice-chairperson said they were
experiencing market challenges. <http://www.bulls.co.zw/> Read more >

Mining sector taskforce set up   

GOVERNMENT has set up a taskforce to come up with strategies of achieving
mining sector targets on the back of the ongoing Covid-19-induced national
lockdown. According to ZBC News, Mines and Mining Development Minister
Winston Chitando said his ministry has come up with ways of achieving mining
sector targets despite the lockdown. He said the taskforce seeks to identify
how the sector can recover after the 21-day national lockdown period, which
began on March 30. "We are looking at the 21-day lockdown, so in theory we
are looking at 3/4 of a month. We would like to come up with programmes on
how we can recover. And also some operations like smelters have continued
running as you can't just shut down operations," he said.
<http://www.bulls.co.zw/> Read more >

Fully implement single window customs facility, Zimra urged   

THE Zimbabwe Revenue Authority (Zimra) should take advantage of the reduced
paperwork during the lockdown period to fully implement the single window
customs system. Under the model, border operations are streamlined and all
relevant customs and excise information is fed into one system, which is the
Automated System for Customs Data (Asycuda) with line stakeholders working
under agreed turnover times. This is done to minimise cases where
stakeholders have to come to the border for unnecessary procedures, which
can be easily conducted outside the border area.  <http://www.bulls.co.zw/>
Read more >

ZimTrade urges firms to refocus priorities   

THE national trade, development and promotion agency, ZimTrade, has urged
local exporters to refocus their priorities in light of the global pandemic
of Covid-19. Confronted with the economic challenges posed by the global
pandemic, ZimTrade says actions taken by local exporters during this period
will determine their relevance on the world market after the Covid-19 era.
"The coronavirus-induced global lockdown negatively affects Zimbabwe's
exporters in the short-to-medium-term period as it is beginning to take a
toll on business. <http://www.bulls.co.zw/> 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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