Bulls n Bears Investors Notebook Issue 485: 28 April 2020

Tue Apr 28 10:32:47 CAT 2020

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Bulls n Bears Investors Notebook Issue 485: 28 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

Tobacco marketing season begins   

The 2020 tobacco marketing season opens tomorrow, after being delayed by
nearly a week, with a cocktail of tight guidelines in place on how the
golden leaf will be sold to counter the spread of the Covid-19 pandemic. The
marketing season should have started on April 22, but was postponed as
stakeholders led by the Ministry of Agriculture, Irrigation and
Mechanisation, explored the safest modalities to proceed with sales.
<http://www.bulls.co.zw/> Read more >

Agribank profit jumps 155pc   

The Agriculture Bank of Zimbabwe Limited (Agribank) recorded a 155 percent
profit of $33 million in historical terms for the year ended December 31,
2019 from $13 million recorded the previous year, despite the challenging
economic environment. The year 2019 was a tough year for many businesses in
the country and the economy at large as it had a lot of challenges such as
inflationary pressures and the depreciation of the local currency against
major currencies. This was a result of the monocurrency system that
Government introduced through Statutory Instrument 142 (SI-2019 142) with
the aim to de-dollarise the economy.  <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

Mineral exports earn US$531m   

Zimbabwe raked in US$531 million in mineral exports in the first quarter of
the year, signifying a 16 percent jump compared to the same period last
year. The statistics, however, exclude gold, one of the country's largest
single foreign currency earners. Figures availed to this paper by the
Minerals Marketing Corporation of Zimbabwe (MMCZ), are proof that the mining
sector is ramping up production in line with Government's thrust towards the
US$12 billion milestone by 2023.  <http://www.bulls.co.zw/> Read more >

Rescue package to stop job losses: Mthuli   

A stimulus package to support companies rocked by the Covid-19 lockdown will
soon be unveiled, as part of measures to avert mass job losses and save
livelihoods, Finance and Economic Development Minister Professor Mthuli
Ncube has said. In interviews on the sidelines of his tours of Ekusileni
Medical Centre in Bulawayo and Midlands State University in Gweru on Friday,
Prof Ncube said the package was set to provide the much-needed economic
relief to companies and industries reeling under the effects of the lockdown
imposed to control the pandemic.  <http://www.bulls.co.zw/> Read more >

Mineral exports earn US$531m   

Zimbabwe raked in US$531 million in mineral exports in the first quarter of
the year, signifying a 16 percent jump compared to the same period last
year. The statistics, however, exclude gold, one of the country's largest
single foreign currency earners. Figures availed to this paper by the
Minerals Marketing Corporation of Zimbabwe (MMCZ), are proof that the mining
sector is ramping up production in line with Government's thrust towards the
US$12 billion milestone by 2023. Last year, the state marketer had managed
US$456 million in the same period and had it not been for the effects of
Covid-19, which has crippled global economic activities, the increase could
have been much higher.  <http://www.bulls.co.zw/> Read more >

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

Turnall export turnover increases   

ZIMBABWE Stock Exchange-listed building materials manufacturer, Turnall
Holdings, says its export turnover improved to $10,5 million in 2019,
contributing five percent to the group's total turnover of $231,6 million.
In a statement accompanying financial results for the full year ended
December 31, 2019, Turnall said: "Export turnover increased to $10,5 million
contributing five percent of turnover from 0,3 percent in the previous year.
"This was attributed to the group's strategy that resulted in enhanced
presence in the regional markets."  <http://www.bulls.co.zw/> Read more >

Companies urged to adopt fourth Industrial Revolution solutions   

THE Covid-19-induced national lockdown presents a good opportunity for local
companies to consider adopting 4th Industrial Revolution solutions to
enhance their competitiveness, ZimTrade has said. Riding on its skilled
human capital and supportive infrastructure, the trade promotion body says
it is easier for Zimbabwean companies to adopt 4th Industrial Revolution
(4IR) solutions, compared to other countries where, for example, there is
limited access to internet. The 4IR is a term used to refer to a highly
modernised technological production model.  <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

Covid-19 derails Dendairy's expansion programme   

KWEKWE-based dairy company, Dendairy, has temporarily shelved its expansion
programme due to the negative impact of the Covid-19 outbreak. The pandemic
has seen the global economy going on a standstill with crippling effects on
domestic businesses and ordinary people's livelihoods. At home the
Government declared a 21-day lockdown before adding 14 more days to try and
curb the spread of the disease. The lockdown has also seen borders being
closed in a bid to avoid imported cases.  <http://www.bulls.co.zw/> Read
more >

800 plus vehicles impounded   

A TOTAL of 14 774 people were arrested countrywide for violating Covid-19
orders since the beginning of the lockdown period on March 31. Statistics
obtained from the Police General Headquarters show that Bulawayo still tops
the numbers with 3 578 people arrested so far, followed by Manicaland
Province at 2 990 arrests. Harare comes third in arrests at 1 866 while 1
589 people have been arrested so far in Midlands Province. In Mashonaland
West Province, 1 321 people were arrested while 487 were arrested in in
Mashonaland Central.  <http://www.bulls.co.zw/> Read more >

Shops yet to reduce prices   

RETAIL outlets across the country are yet to reduce prices to March 25
levels in line with the moratorium on prices of essential foods, which was
last week agreed on by Government and private players in the manufacturing
and retail sector. The Confederation of Zimbabwe Retailers Association
(CZRA) has, however, assured that prices will drop before the end of the
week. The moratorium is part of measures to cope with the effects of the
Covid-19 pandemic and lockdown measures required to contain the threat.
<http://www.bulls.co.zw/> Read more >

Pushcart operators back on Bulawayo streets   

PUSHCART operators have returned to the streets of Bulawayo saying life had
become unbearable without a source of livelihood, forcing them out of their
homes in defiance of lockdown regulations. Only essential service providers
are exempted to report for work during the lockdown that started on March 30
and ends on May 3. Government imposed a national lockdown as part of
measures to stop the spread of Covid-19. Chronicle has observed an influx of
pushcart operators in the city's central business district (CBD) in the past
week.  <http://www.bulls.co.zw/> Read more >

Zupco defrauded of $29 000   

Police in Bulawayo are seeking a Zupco employee suspected of defrauding the
transport utility of $29 054 by claiming allowances for non-existent
employees. The investigation started when irregularities were noted on the
voucher she presented at the company's cash office. Giving details, national
police spokesperson Assistant Commissioner Paul Nyathi said: "Zimbabwe
Republic Police Mzilikazi is keen to interview a Bulawayo-based ZUPCO
official, Rossetta Muzvidziwa, in connection with a case of fraud involving
$ 29 054, 00.  <http://www.bulls.co.zw/> Read more >

Safari industry loses US$100m revenue   

The safari industry has lost nearly US$100 million revenue as hunters
continue to cancel bookings for 2020 because of Covid-19 that has affected
the world in general and Zimbabwe in particular. The industry has revealed
that close to 90 percent of the bookings which are equivalent to 8 000
hunting days have been cancelled so far. Zimbabwe has also witnessed a spike
in poaching, including human-wildlife conflict due to the sudden and drastic
decline in tourism revenue .  <http://www.bulls.co.zw/> Read more >

Govt pushes for online education   

Network service providers are being asked to offer free Internet access to
university websites so students can access online learning material, as
Government moves to enhance digital learning platforms during the
Covid-19-induced national lockdown. Government recently advised all
universities to develop material for online lectures to ensure learning is
not disrupted while at the same time upholding the social distancing
principles as well as minimising movement and interaction between students
and lecturers.  <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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