Bulls n Bears Investors Notebook Issue 553: 10 August 2020

Mon Aug 10 12:27:21 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 553: 10 August 2020

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

Bulls 'n Bears Investors Diary: Today's Events

Zimbabwe

National Heroes Day

Zimbabwe

10  August 2020

Quotable Quote:

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

Masiyiwa Hunts Buyer for 20% Of Liquid Telecom Stake

Some of the more unusual recently reported side-effects of the coronavirus
pandemic have been delays to the sale of part of Africa's largest fibre
company and extensions of operator licences in the Philippines. According to
Bloomberg, Zimbabwean billionaire and founder of Econet Global Strive
Masiyiwa can't seem to find buyers for a stake of 20 percent to 34 percent
of his company Liquid Telecommunications Holdings Ltd. Estimates of $600
million have been given for the likely value of the sale, which is
apparently required to pay back a large loan for a pay-TV venture that
folded due to Zimbabwe's economic problems and currency shortages.
<http://www.bulls.co.zw/> Read more >

Economy still on de-dollarisation path   

Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya, insists there is
no going back on the process of de-dollarising the economy despite the
growing use of the US dollar in most transactions, more so in the informal
sector. Despite allowing some transactions to be in foreign currency,
Government insists de-dollarisation is on course, although the market has
seen increased use of the United States dollar. A fortnight ago Government
said everyone providing goods or services in Zimbabwe must now quote prices
in both Zimbabwe dollars and US dollars, but using the standard exchange
rate set each week as the weighted average in the Tuesday weekly foreign
currency auctions.  <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

Canaan Dube appointed to Hippo Valley's board   

Zimbabwe Stock Exchange listed entity Hippo Valley Estates, which was last
year embroiled in corporate governance issues, has appointed corporate
governance expert Canaan Dube and three others on its board of directors.
Dube is said to be highly experienced in corporate leadership mandates and
investment analysis at both national and international level. "He has
extensive knowledge and experience in Corporate Governance, Mergers and
Acquisitions and Trade and Investment Law and will bring the much needed
legal and public relations support to the Board," reads the notice of his
appointment.  <http://www.bulls.co.zw/> Read more >

First Capital Bank records growth in forex deposits   

Increased dollarisation of the economy saw First Capital Bank Zimbabwe
record a 10 percent increase in nostro deposits, acting MD Ciaran McSharry
told the annual general meeting AGM held on Thursday last week. Market
players including the Confederation of Zimbabwe Industries have noted
widespread use of the US dollar for transactions in the economy with
Government itself also now paying its workers US dollar allowances while
collecting some levies, taxes and fees in foreign currency. With the formal
sector also accepting payments in US dollars, banks are likely to see an
increase foreign currency deposits as reported by First Capital Bank.
<http://www.bulls.co.zw/> Read more >

ZIMPOST celebrates 20th Anniversary   

The year 2020 marks ZIMPOST'S 20th Anniversary following the unbundling of
Posts and Telecommunications Corporation (PTC) and subsequent formation of
ZIMPOST and other successor companies. The year also marks 130 years of
Postal Services in Zimbabwe since the establishment of the first Post Office
in Rhodesia in 1890. The first Post Offices were opened in the then Southern
Rhodesia in 1890 and in 1892 when the British South African Company (BSAC)
organised first postal service and ran the service as a self-governing
institution under the Ministry of Posts and Telecommunication. The Ministry
of Posts and Telecommunication became a Federal Ministry in the Federation
of Southern Rhodesia, Northern Rhodesia and Nyasaland in 1954.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Role of DPC in promoting financial inclusion 

Financial inclusion or inclusive financing is the delivery of financial
services at affordable costs to sections of disadvantaged and low-income
segments of society.  In Zimbabwe, the Deposit Protection Corporation (DPC)
is part to the National Financial Inclusion Forum crafting a new National
Financial Inclusion Strategy. DPC is member of the thematic committee on
consumer protection and people living with disabilities. The forum focuses
on the legal, institutional and operational infrastructure to advance
inclusion. The main goal of financial inclusion is to improve the range,
quality and availability of financial services and products to the unserved,
under-served and financially excluded.  <http://www.bulls.co.zw/> Read more
>

'We're on course to meet targets'   

DESPITE the lull in economic activity that has been brought by the Covid-19
pandemic, Zimbabwe is on course to achieve its target to become a US$12
billion mining economy by 2023 and become a middle income by 2030, President
Mnangagwa said. Speaking during the official reopening of Anjin Diamond
Company, which had ceased operations in 2016, in Marange, Chiadzwa on
Saturday, the President said his Government valued unity of purpose in the
critical mining sector, one of the key enablers towards achieving Vision
2030. "Three weeks or so ago I was in Hwange where I visited nine companies
that by 2023 should be generating in excess of 6 900 megawatts of power,
that will make Zimbabwe energy sufficient and be able to export part of that
energy.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Developing states benefit from US$61 billion multi-lateral climate finance
package   

THE world's largest multi-lateral development banks have disbursed a
combined US$61,6 billion towards global climate change mitigation with 67
percent of the funding being accessed by low and middle-income countries.
Zimbabwe is one of the low-income economies that has adversely been affected
by the effects of climate change with key economic sectors feeling the heat.
Such detrimental effects of climate change include erratic or poor rainfall
pattern, which threaten food security and agro-processing industrial
sectors. The 2019 Joint Report on Multi-lateral Development Banks (MDBs) has
reported on climate finance since 2011, based on a jointly developed
methodology for climate finance tracking.  <http://www.bulls.co.zw/> Read
more >

Farmers target 180 million litres of milk   

THE dairy industry has embarked on a farmer mobilisation programme aimed at
increasing the number of small-scale farmers by about 400 percent and
boosting milk production in the country to 180 million litres per year. The
exercise is being carried out by Government and its partners in the dairy
sector, targeting about 5 000 farmers by December 2020 up from 350. Since
the commencement of the programme in January this year, 2000 farmers have
since been recruited and are expected to play a significant role in
increasing milk production in the country. Zimbabwe is producing on average
150 million litres of milk per year and importing about 30 million litres
from South Africa to cover the deficit.  <http://www.bulls.co.zw/> Read more
>

African Sun reopens Caribbea Bay Resort   

AFRICAN Sun Hotels and Resorts Group has reopened its Caribbea Bay Resort,
which was closed early this year in line with the national lockdown rules
brought about by the global outbreak of the Covid-19 pandemic. Government
has granted the nod for partial re-opening of the tourism sector under
strict adherence to health guidelines. And to buttress the sector's restart
after months of business slowdown, President Mnangagwa on Friday launched
the National Tourism Recovery and Growth Strategy and also re-opened the
Victoria Falls Rainforest. The reopening of hotel facilities comes with
strict adherence to Covid-19 safety measures and guidelines provided by the
World Health Organisation to protect stakeholders.
<http://www.bulls.co.zw/> Read more >

Matabeleland youth farmers collaborate to boost productivity   

YOUTH farmers in Matabeleland North and Bulawayo provinces have joined hands
in increasing piggery and goat production with the aim of servicing the
export market. The partnership is in line with the drive to increase food
production and creating more jobs as guided by the country's desire to
achieve an upper middle-income economy by 2030. The youth initiative seeks
to take agriculture as a business and is being pioneered by Inotho Kubomama
in co-operation with the Youths in Agriculture Apex Council Board (YAACB)
Matabeleland North and Bulawayo provinces.  <http://www.bulls.co.zw/> Read
more >

Project Kilimanjaro moves mountains

Zimbabwe Stock Exchange listed, Hippo Valley Estates Limited, has cleared
more than 67 percent of the 4 000 hectares of virgin land availed for the
famed Project Kilimanjaro that is.
<http://www.bulls.co.zw/2020/08/07/project-kilimanjaro-moves-mountains/>
Read more >

Tourism strategy launched

PRESIDENT Mnangagwa yesterday officially launched the National Tourism
Recovery and Growth Strategy as he led the restart of the sector, whose
contribution to the national economy has been heavily crippled.
<http://www.bulls.co.zw/2020/08/07/tourism-strategy-launched/> Read more >

Vic Falls tops in fresh US$500m tourism investments

THE country's prime resort destination, Victoria Falls, leads the pack in
attracting investment into the tourism sector, which has attracted close to
US$500 million since the coming in of the.
<http://www.bulls.co.zw/2020/08/07/vic-falls-tops-in-fresh-us500m-tourism-in
vestments/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

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/20200810/3f3e1f60/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/20200810/3f3e1f60/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/20200810/3f3e1f60/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 30139 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200810/3f3e1f60/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/20200810/3f3e1f60/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/20200810/3f3e1f60/attachment-0009.jpg>