Bulls n Bears Investors Notebook Issue 551: 06 August 2020

Thu Aug 6 09:07:44 CAT 2020

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Bulls n Bears Investors Notebook Issue 551: 06 August 2020

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

Bulls 'n Bears Investors Diary: Today's Events

FCB

AGM

virtual

06  August 2020 | 3pm

Quotable Quote:

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

Zimbabwe wants to raise money through a sovereign bond - and it's
ill-advised

The Zimbabwean government recently agreed to pay 4 500 white farmers US$3.5
billion. But the proposal to fund the exercise by issuing a sovereign bond
is highly ambitious. The government is in bad favour with institutions such
as the IMF and World Bank. It has defaulted on IMF loans, failed to
implement reforms agreed with the organisations, and has changed its
currency more than 10 times since 2000. The Zimbabwean government recently
signed an agreement to pay 4 500 white farmers US$3.5 billion for
infrastructure improvements on the land expropriated by the government
during the chaotic land reform programme of 1997/8.
<http://www.bulls.co.zw/> Read more >

Zera announces ZWL fuel price increase

THE Zimbabwe Energy Regulatory Authority (Zera) has announced an increase in
the Zim-dollar price of fuel with effect from today. In a public notice, the
regulator said the new pump price in local currency was now pegged at
ZW$83,35 per litre for diesel from $62.77 while petrol has been reviewed
upwards to ZW$93,15 a litre from 71.62. "Operators may, however, sell at
prices below the cap depending on their trading advantages," said Zera.
However, the US dollar price of last month at US$1,09 for diesel and US$1,18
for blend petrol remain unchanged. <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

Zimra collects $20,1bn in Q2 to surpass target   

The Zimbabwe Revenue Authority (Zimra)'s net revenue collection for the
second quarter of 2020 surged 542 percent to $20,11 billion from the $3,13
billion recorded during the same quarter in the prior year. This was 42
percent above the target of $14,09 billion set by Treasury. While the
authority exercised strategies to improve revenue collection, the growth was
also driven by the hyperinflationary environment, which has seen prices of
goods and services being adjusted upwards. "While all revenue heads
registered positive growth in nominal terms, there was no growth.
<http://www.bulls.co.zw/> Read more >

Sasai adds new features   

Cassava Fintech International's Sasai app has added 'Sasai Moments', a new
social media networking and short video sharing capability.cSasai Moments
will allow the app's users to experience, capture, post and share videos,
audio notes, pictures and user location tags, among other features.This will
be driven mostly by user-generated content along the same lines as TikTok.
The Sasai app, which was first launched a year ago by Cassava Fintech
International (CFI), is a uniquely African, all-in-one super App with chat,
payments and digital marketplace features. Although developed primarily for
Africa by Africans, the App is now already being used in over 180 countries
around the world. <http://www.bulls.co.zw/> Read more >

Stanbic enhances FCA digital banking   

Stanbic Bank has stepped up functionality of Foreign Currency Accounts
(FCAs) on their digital banking platforms, in a move that will allow
customers to take full advantage of the interbank rates being implemented
through the introduction of the foreign currency auction system, Following
the Reserve Bank of Zimbabwe (RBZ)'s pronouncement which allows the use of
foreign currency for local transactions, the bank took the opportunity to
enhance digital banking offerings that allow account holders to facilitate
transactions using their free funds with ease. <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

ZB income jumps 548pc   

Financial services provider, ZB Financial Holdings, says total income
increased substantially in the second quarter of this year largely anchored
by fair value credits and foreign exchange gains. In a trading update
released by the group this week, managing director Ron Mutandagayi
(pictured)  said total income skipped 548 percent in the quarter to June
2020 and 2 955 percent against the same period last year. The group's total
income increased by 144 percent from $38,6 million achieved for the half
year ended 30 June 2018 to $94,2 million for the six months up to 30 June
2019. <http://www.bulls.co.zw/> Read more >

Sustainable trade drives economies   

Studies have underscored the role  of  sustainable  trade  in  driving  not
only global  economies  but  more specifically the economies of Africa.
Trade liberalisation  has also been identified as a vital force that is set
to address gender inequality. The Covid-19  pandemic that has wiped more
than half a million people globally has impacted negatively women more than
men because of the multiple roles women play in the economy. Evidence
suggests that the effects of Covid-19 will affect women more than any
economic downturn of the past. In tandem with other reports from reputable
institutions, the World Bank's report reveals how Covid-19 has disrupted
sectors that traditionally provide women with trade opportunities that
enable them sustain their families. The tourism and hospitality industry,
which represents a stronghold of women employers and women employees has
been dealt a severe blow by trade and travel restrictions due to Covid-19.
In addition women who are in the food, handicraft and art craft sectors are
experiencing a serious decline in their businesses due to the decline in
tourism. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Food markets to open six days per week   

Food markets will now be closed for disinfection one day a week, with
hygiene in markets upgraded and proper demarcation of vegetable bays done.
At the same time, all private and Government hospitals are required to
establish zones for patients under investigation following the directive
reversing their refusal to admit patients without evidence that they were
free of Covid-19. Zimbabwe had recorded 4 221 confirmed cases, with 1 238
recoveries and 81 deaths as of Tuesday this week. <http://www.bulls.co.zw/>
Read more >

Ruling on NetOne chief's firing reserved   

THE High Court has reserved ruling in the case in which NetOne chief
executive Lazarus Muchenje is challenging the decision by the company's
board to fire him on three months' notice last month, hours after he was
reinstated by a court order. The matter was heard yesterday before Justice
Webster Chinamora after the NetOne board filed its response to Muchenje's
application to overturn the dismissal pending the final resolution of the
labour dispute. After hearing submissions from both parties' legal counsels,
Justice Chinamora reserved his ruling to a later date.
<http://www.bulls.co.zw/> Read more >

Choppies keeps Zim focus, exits four African markets

REGIONAL retailer, Choppies Enterprises, is exiting South Africa, Kenya,
Tanzania and Mozambique but will keep focus on Zimbabwe and a few others,
having suffered running shortfalls that contributed to the P139 million loss
recently unveiled for the half-year ended December 31, 2019. By the end of
2018 Choppies' Zimbabwe unit, a subsidiary of the Botswana Stock
Exchange-listed group, had opened 33 branches in the country with Bulawayo,
where it is headquartered, having 18 branches at that time. The Mphoko
family, through Nanavac Investments, were initially the principal
shareholder in the local business before they exited last year after a
protracted legal battle. <http://www.bulls.co.zw/> Read more >

Mbano Manor Hotel project launch on today   

VICTORIA Falls' Mbano Manor Hotel project has been completed and the
official launch is set for today. The project is one of the new investments
in the tourism sector that is set to change the face of the resort town. Its
launch would coincide with the launch of the National Tourism Recovery and
Growth Strategy. President Emmerson Mnangagwa is scheduled to preside over
the strategy launch programme, which will boldly set the stage for an
aggressive tourism growth model. <http://www.bulls.co.zw/> Read more >

Bulawayo firm introduces ICT fuel management system   

A BULAWAYO fuel solutions company, Garage and Forecourt (Pvt) Ltd, has
introduced an information communication technology (ICT)-based fuel storage
calibration machine that will see firms migrating from manual methods of
fuel management. Transport and fuel by extension, is one of the biggest cost
centres for local businesses hence a scientific controlled solution to
businesses will come in handy as several businesses move to cut overhead
costs in a bid to boost profits. The Italian imported 3D Laser Scan machine
from Garage and Forecourt uses state-of-the-art technology to calibrate and
re-calibrate fuel tanks and marks a departure from companies' reliance on
volume-modelled calibrations.  <http://www.bulls.co.zw/> Read more >

Driving school owners appeal for reopening   

THE Zimbabwe Driving School Owners Association (ZDSOA) is lobbying for the
reopening of the Vehicle Inspection Depot (VID) licence issuance unit saying
its closure has had a knock-on effect on their livelihoods. VID closed down
when Government imposed the initial lockdown on March 30 and is among public
institutions that remain closed. While Government later relaxed lockdown
regulations, allowing even driving schools to reopen, VID which issues
licences has remained closed. Operators of driving schools say without the
VID, their business operations remain constrained, as clients see no reason
to go for lessons when they will not get a licence. The sector has written
to the Ministry of Transport and Infrastructure Development pleading for the
opening of the VID. <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 

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