Bulls n Bears Investors Notebook Issue 486: 29 April 2020

Wed Apr 29 09:01:58 CAT 2020

 <http://www.bulls.co.zw/> Bulls.co.zw
<mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments
<http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO> WhatsApp
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 486: 29 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

Zimtrade develops online exports platform   

National trade development and promotion agency, Zimtrade is working on an
online platform and mobile application that will facilitate trade by
ensuring that the country continues to export despite outbreak of Covid-19.
The move is in line with Zimtrade's mandate to assist local exporters in
developing, promoting and facilitating exports of their goods and services
to the world. It is envisaged that the online platform will help grow the
country's exports at a time when business operations and major activities
like trade and tourism are at a standstill. <http://www.bulls.co.zw/> Read
more >

China to help build US$3 billion Sengwa coal plant   

ZIMBABWE'S Rio Energy Limited, a unit of RioZim Limited, will build a 2,100
megawatt thermal power plant with China Gezhouba Group Corp in northern
Zimbabwe at a projected cost of US$3 billion, Rio Energy said Monday. "CGGC
will develop the project and assist with the fund raising," Caleb Dengu,
chairman of Rio Energy Ltd said last week. The power plant at Sengwa will be
constructed in four phases of about 700 megawatts each, bringing total
capacity to 2,800 megawatts. "We have coal reserves to support a 10,000
megawatt plant at Sengwa," Dengu said. <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

Tongaat avails 2 000ha for winter maize project   

Tongaat Hulett Zimbabwe (THZ) has availed 2 000 hectares for this year's
food initiative that will for the first time also cover traditional grains.
This comes as the provincial leadership here has also appealed to Lowveld
sugar cane farmers with fallow irrigable land to commit at least one hectare
towards the winter maize project and get inputs support from Government
under the Command Agriculture initiative. The response from Lowveld cane
farmers willing to contribute in reviving the country's food security by
also growing maize has been encouraging, according to senior officials in
Minister of State for Provincial Affairs and Devolution Cde Ezra
Chadzamira's office. <http://www.bulls.co.zw/> Read more >

Mobile money rules the roost   

Mobile money volumes dominated the country's National Payment Systems (NPS)
in the last week of March, latest Reserve Bank of Zimbabwe (RBZ) figures
show. The platform is likely to become the payment mode of choice as
Zimbabwe nears the end of lockdown extension. According to data from the
central bank, during the week to March 27, the volume of NPS transactions
stood at 40,70 million, a 1,88 percent increase from 39,94 million recorded
in the preceding week. The numbers show that mobile transactions dominated
NPS transactions volumes, accounting for 83,42 percent, while Point of Sale
(POS )accounted for 15,62 percent; Automated Teller Machine (ATM) for 0,26
percent; RTGS dollars (cash) for 0,69 percent and cheques for a mere 0,01
percent. <http://www.bulls.co.zw/> Read more >

2020 tobacco marketing season opens today   

The 2020 tobacco marketing season officially starts today, with the Tobacco
Industry and Marketing Board (TIMB) expressing satisfaction with the level
of preparedness at all auction floors, which have complied with Covid-19
preventive measures, including setting up clinics and isolation sites. A
senior Government official is expected to preside over the opening ceremony
at Tobacco Sales Floor (TSF). The tobacco industry and farmers have
confirmed their readiness for the opening of the selling season, but low
volumes of the crop are expected in the first two days as farmers get
accustomed to guidelines set up by TIMB . <http://www.bulls.co.zw/> Read
more >

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

Zim genius designs disinfecting machine   

Maxwell Chikumbutso, a United States-based Zimbabwean widely-acclaimed for
his innovations that include the world's first evergreen power generator
which can produce electricity using radio frequencies, has developed a
prototype automated disinfecting machine to help fight the coronavirus
pandemic. In a Facebook post recently, the gifted innovator and Form 2
dropout from Kuwadzana who also designed and built an electric-powered
vehicle and hybrid helicopter which uses six different types of fuel, said
he was motivated to develop the machine after watching how countries were
struggling disinfect public places. "After watching how the Chinese and
other governments around the world responded by disinfecting residential
buildings, cars, public places and buses as well as streets, it took me
three days to come up with a working prototype "Automated Disinfecting
Machine" which I have successful tested using different chemicals advised by
the WHO (World Health Organisation)." <http://www.bulls.co.zw/> Read more >

Mayor outlines flea market plans   

Harare City Council intends to construct at least one flea market in each
suburb to bring sanity in the informal sector following mass demolitions of
illegal structures, Mayor Herbert Gomba has said. Mupedzanhamo Flea Market
is set to be renovated in a way that will foster observance of social
distancing among traders and customers. In an interview on Monday, Mayor
Gomba said areas with existing markets would be spruced up and possibly
extended. "Each area, district and location is going to have a market
dedicated for its own people. The Mabvuku market is there already, we just
want to expand it and accommodate more people," he said. "We don't want to
politicise our markets, we want them to be run professionally. All employees
who are allocating markets based on political affiliation are going to be
removed from the markets division. It has to be done in a manner that is
non-partisan." <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

ZNCC recommends partial lockdown   

THE Zimbabwe National Chamber of Commerce (ZNCC) has called on Government to
adopt a "partial" national lockdown to promote sustainable productivity in
the economy while curbing the spread of Covid-19. Due to the outbreak of the
global pandemic, Zimbabwe embarked on a 21-day national lockdown on March 30
to April 19 and Government extended the lockdown period by a further 14 days
to May 3. The Government extended the national lockdown period after
reviewing the situation obtaining in the country, around the region and
worldwide. In a statement, ZNCC said it recognises the role that business
plays to achieve shared goal during the Covid-19 era, to maintain jobs and
business continuity; to support health, social well-being and to ensure
stability of the Zimbabwe populace. <http://www.bulls.co.zw/> Read more >

Govt directs GMB to pay farmers within 7 days   

GOVERNMENT has directed the Grain Marketing Board (GMB) to ensure farmers
are paid within seven days of delivering their produce to the marketing
depot. Lands, Agriculture, Water and Rural Resettlement Minister Retirerd
Air Marshal Perrance Shiri said this during a ZBCtv's Agro-business Forum
programme. "We would want to provide the best service for our client who are
the farmers. And to that extent, we had a meeting with GMB, which falls
under my Ministry and the Ministry of Finance and we agreed that any farmer
who delivers produce to GMB, should be paid within seven days, so that's a
legitimate expectation by any farmer," he said. The latest development is a
relief to the farmers who have in the past decried delayed payment of the
grain at GMB depots saying this was hampering their preparations for the
upcoming farming seasons. <http://www.bulls.co.zw/> Read more >

RBZ sticks to 50pc forex payment for tobacco farmers   

TOBACCO farmers will again this year be paid 50 percent of their deliveries
in foreign currency, the Reserve Bank of Zimbabwe announced yesterday ahead
of the 2020 marketing season, which begins today. In recent weeks, the
Reserve Bank and the tobacco farmers have been engaged in talks over this
year's payment mechanism. Last year, farmers were paid 50 percent of their
proceeds in their foreign currency accounts while the remainder was
deposited into their local currency accounts at the interbank rate. In a
public notice on tobacco marketing and payment arrangement for the 2020
selling season, RBZ said: "In order to purchase green leaf tobacco, the
tobacco merchant shall draw down a specified amount from the tobacco buying
transitory foreign currency account and sell 50 percent of the proceeds to
the RBZ at the prevailing bank exchange rate on the day of the transaction.
"The remaining 50 percent shall be retained by the tobacco merchant in order
to pay the growers' 50 percent foreign currency entitlement through
transfers to the growers' Foreign Currency Account (FCAs)."
<http://www.bulls.co.zw/> Read more >

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." During the financial year ended December
2018, the group was exporting to Zambia only, but increased its market
coverage last year to include Mozambique and South Africa.
<http://www.bulls.co.zw/> Read more >

Liberty Holdings terminates Zim insurance product

SOUTH African financial services group Liberty Holdings Limited has
terminated its Liberty Blue cover in Zimbabwe with effect from June 30 2020
due to harsh economic conditions in the country. According to a confidential
email sent to its members and seen by NewsDay Business, the Zimbabwean
economy has forced one of the biggest international medical aid companies,
out of the country. "The Liberty Blue value proposition was always designed
to provide: meaningful and comprehensive cover for our members, financial
freedom by eliminating shortfalls, and clinically sound medical outcomes,"
read part of the email.  <http://www.bulls.co.zw/> Read more >

Caledonia trims number of shareholders for AGM

NEW York Stock Exchange-listed Caledonia Mining Corporation (Caledonia) says
its annual general meeting set for May 6 would only be convened with the
"minimum necessary quorum of two shareholders" due to the outbreak of
COVID-19. "The government of Jersey implemented measures on March 30 2020
intended to protect the public from the spread of COVID-19. The measures,
amongst other things, include restricting public gatherings to no more than
two people," the company said in a statement yesterday. "The measures were
due to end before the AGM (annual general meeting). However, on April 24
2020, Jersey's Minister for Health and Social Services extended the measures
until May 11 2020."  <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 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200429/2dc805a0/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 30151 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200429/2dc805a0/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 30132 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200429/2dc805a0/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 23061 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200429/2dc805a0/attachment-0007.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 30155 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200429/2dc805a0/attachment-0008.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200429/2dc805a0/attachment-0009.jpg>