Bulls n Bears Investors Notebook Issue 550: 05 August 2020

Wed Aug 5 08:23:19 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 550: 05 August 2020

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Modalities for VFEX set up   

THE Government has set some key modalities for the foreign
currency-denominated bourse, the Victoria Falls Stock Exchange (VFEX). The
establishment of the VFEX is part of Government's broader plan to turn the
resort town into an offshore financial centre (OFC).  The VFEX will become
Zimbabwe's second stock market after the Zimbabwe Stock Exchange (ZSE).
<http://www.bulls.co.zw/> Read more >

OK Zim volumes slide on Covid-19 lockdown   

Retail giant, OK Zimbabwe Limited's sales volume for the quarter to June 30,
2020 went down 32 percent compared to the similar quarter in the prior year
as the market grappled low disposable incomes due to effects of Covid-19.
The quarter started at a time Zimbabwe implemented a national lockdown, a
period marked by restrictions to both movement and business hours in order
to limit the spread of the virus. Zimbabwe implemented a national lockdown
effective March 30, although essential services remained in business but for
limited business hours.  <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

Levy tax to support local currency   

CENTRAL and local Government should give the foreign exchange auction the
opportunity to operate efficiently by levying taxes and fees in local
currency to create demand for the Zimbabwe dollar, industry says. The
Reserve Bank of Zimbabwe introduced the foreign exchange auction system in
June this year after unsuccessful use of the interbank and the fixed rate
regime, which had been adopted in March to ensure price stability following
the outbreak of coronavirus.  <http://www.bulls.co.zw/> Read more >

Vendors cash in on water crisis   

VENDORS, taking advantage of acute water shortages in Chitungwiza, are
enjoying brisk business selling a 20-litre bucket of water at prices ranging
from $2 to $10. Selling water is now common in most parts of Chitungwiza
with companies and pushcart vendors competing for customers. The source of
the water varies from boreholes, which are safe, to unprotected shallow
wells and pools, where safety is questionable. Most residents get council
water once a fortnight while some parts of the town do not get water at all.
<http://www.bulls.co.zw/> Read more >

Vic Falls bourse regulations gazetted   

The exchange control regulations have been gazetted to allow investments and
trading in the new Victoria Falls Stock Exchange, an equity market that will
allow shares to be quoted and traded in foreign currency. The Exchange
Control (Special Provisions for Securities Listed on Victoria Falls Stock
Exchange) Regulations, 2020 were gazetted by President Mnangagwa in
Statutory Instrument 196 on Monday. Under the regulations, securities listed
on the Victoria Falls Stock Exchange shall be tradable and settled in United
States dollars or a convertible currency.  <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

Focus shifts to export marketing for Agritex officers   

In response to the Government's calls to boost export earnings, the Chibero
Agricultural Centre of Excellence in partnership with ZimTrade recently
hosted an export development seminar for Agritex officers. The seminar was
organised by the EU-funded Zimbabwe Agriculture Knowledge and Innovation
Services (ZAKIS) in collaboration with the Ministry of Lands, Agriculture,
Water, and Rural Resettlement. ZAKIS is part of the Zimbabwe Agricultural
Growth Programme, a Government initiative whose objective is to enable
farmers and value chain actors to improve their lives while contributing to
agricultural growth and green-economic development by harmonising and
strengthening the delivery of research, education and extension services to
the farming community.  <http://www.bulls.co.zw/> Read more >

Forex auction for small businesses   

As the ruling exchange rate set on the major weekly auction slid just 4.8
percent yesterday to $80.4663 to US$1, the Reserve Bank of Zimbabwe (RBZ)
announced the introduction of a second weekly Thursday auction for small and
medium businesses needing to buy US$2 500 to US$20 000. Yesterday's
"big-bidder" auction, where bids have to be for between US$50 000 and US$500
000, saw a large pool of US$18 531 336.74 allocated for the 201 valid bids
totalling US$19 773 961.25. This is the smallest gap between desired foreign
exchange and allocated foreign exchange since the auction system started, a
sign of the growing equilibrium in the process in the seven auctions so far.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Coal-bed methane can fire up development   

Zimbabwe needs more energy, especially electrical energy, first to catch up
on all the power stations we never built and then to have extra in hand so
the economy can grow swiftly without farmers, miners and industrialists
continually complaining about inadequate power infrastructure. And if we are
to achieve the Vision 2030 goal of a middle-income economy, we are not going
to do this if everyone is sitting in the dark. Assured supplies of electric
power is a basic requirement, and the more sources we have the better, so we
can cope with things like Angolan droughts cutting output at Kariba or a
major coal mine running into problems. For some decades the potential of
coal-bed methane in the Lupane-Hwange basin has been aired as a potential
source of fuel to generate electricity.  <http://www.bulls.co.zw/> Read more
>

Zambezi Gas/Makomo Resources resolve long-standing dispute   

THE long-standing misunderstanding between Zambezi Gas and Makomo Resources,
which saw the former being barred from transporting its coal passing through
the latter's concession, has been resolved. Last month, President Mnangagwa
during his tour of colliery firms in Matabeleland gave the two disputing
companies an ultimatum to resolve their differences by end of July failure
of which, he would intervene. The two miners are critical suppliers of coal
to Zimbabwe Power Company's thermal power stations in Hwange.
<http://www.bulls.co.zw/> Read more >

TelOne launches e-learning platform   

FIXED telecommunications operator, TelOne, has launched an online e-learning
platform - Impact Learning - that will improve the capacity of its already
existing Centre for Learning. The growth of e-learning platforms has been
steady over the years. But the Covid-19 pandemic has accelerated the need
and usage of online educational platforms. TelOne managing director Dr Chipo
Mtasa said the company had long had an e-learning platform as part of its
long-term strategy, but had to be expedited due to the global pandemic.
<http://www.bulls.co.zw/> Read more >

Processed meat imports drop 53 percent   

THE meat processing sector recorded a 53 percent cumulative decline to 370
tonnes in imports of mechanically deboned meat in the first four months of
the year. According to an industry update by the Livestock and Meat Advisory
Council (LMAC), the sector's average monthly import from January to April
was 93 tonnes compared to 195 tonnes in the relative period last year. "The
meat processing sector, cumulative imports of mechanically deboned meat for
the four months to April 2020 was 370 tonnes, a decline of 53 percent on
imports compared with the corresponding period in 2019 while the average
procurement cost increased by 72 percent from $433 per tonne to $743/
tonne," it said.  <http://www.bulls.co.zw/> Read more >

Commuters stranded as Zupco fleet is grounded   

SCORES of commuters in Bulawayo were left stranded yesterday as fuel
shortages grounded most of the Zupco fleet. The city has been facing acute
fuel shortages which the Ministry of Energy and Power Development said was a
nationwide crisis owing to foreign currency shortages. Fresh transport
problems started on Monday afternoon as there were very few buses and kombis
servicing routes and many people opted to walk home. At 6pm yesterday, which
marks the start of the lockdown curfew, people were still queuing at some
Zupco ranks waiting for transport, while a number of people walked home to
suburbs as far as Cowdray Park.  <http://www.bulls.co.zw/> Read more >

Pick n Pay Clothing launches online shopping

Pick n Pay Clothing patrons will now be able to shop from the comfort of
home. The retail clothing store launched its online shop on Monday, allowing
customers to view its full clothing range, and have their purchases
delivered to their doorstep within a week, for R60. Customers will also earn
Smart Shopper points on purchases. This is a separate website to the
retailer's online grocery and general merchandise platform.
<http://www.bulls.co.zw/> Read more >

'Women entrepreneurs hardest hit by Covid-19'

WOMEN-LED businesses are more vulnerable to closure than those led by men in
the era of the novel coronavirus, due to women's limited access to finance,
shifts in consumer behaviour,. Read more
<http://www.bulls.co.zw/2020/08/03/women-entrepreneurs-hardest-hit-by-covid-
19/> >.
<http://www.bulls.co.zw/2020/07/27/refurbished-zimalloys-furnace-to-ignite-o
utput/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

FCB

AGM

virtual

06  August 2020 | 3pm

Zimbabwe

National Heroes Day

Zimbabwe

10  August 2020

Zimbabwe

Defence Forces' Day

Zimbabwe

11  August 2020

Old Mutual Zimbabwe

AGM

Virtual

12  August 2020 | 3pm

CBZ

AGM

Virtual

14  August 2020 | 6pm

Lafarge

AGM

virtual

18  August 2020 | 12pm

REST OF AFRICA

Counters Trading Under Cautionary

Africansun

RioZim

CBZH

Turnall

Dawn

Unifreight

Falgold

Zimplow

Zimre

Fidelity

FM Holdings

ZPI

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/20200805/2f3b7d59/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 28866 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200805/2f3b7d59/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/20200805/2f3b7d59/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 30148 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200805/2f3b7d59/attachment-0007.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 30128 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200805/2f3b7d59/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/20200805/2f3b7d59/attachment-0009.jpg>