Bulls n Bears Investors Notebook Issue 553: 11 August 2020

Tue Aug 11 09:31:35 CAT 2020

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Bulls n Bears Investors Notebook Issue 553: 11 August 2020

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

Bulls 'n Bears Investors Diary: Today's Events

Zimbabwe

Defence Forces' Day

Zimbabwe

11  August 2020

Quotable Quote:

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

Enclosing cattle on crop fields helps restore soil fertility   

In Chinyika village, Gutu district, smallholder farmers appear to have found
a novel strategy to restore soils, damaged from decades of chemical use and
mechanical ploughing: they are driving cattle onto their crop fields and
enclosing them there for a period of time, at least seven days. The idea is
that the cattle use their hooves to loosen hard capped soils, while dropping
their dung and urine, which in turn improves soil fertility including water
retention, according to Dr Paul Muchineripi, a conservation expert who is
working with the community on the issue. <http://www.bulls.co.zw/> Read more
>

Covid-19 travel restrictions devastate Africa's tourism   

Global restrictions on travel have dealt a devastating blow to African
nations, including Zimbabwe, who depend on tourists and their hard currency
to support an industry that employs millions of people on the continent.
National carriers in Mauritius, Kenya, and Namibia run into more financial
trouble as flights were grounded. In South Africa, listed hotel group, Sun
International, announced two of its casinos will not reopen after the
country's coronavirus lockdown ends. The Kenyan government expects losses of
as much as $511 million in hotel-room revenue if the pandemic persists.
<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

Poverty datum line up 33 percent   

THE country's poverty datum line (PDL) rose 33,6 percent to $11,333 in June
from $8,483 the previous month, the Zimbabwe National Statistics Agency has
said. According to the agency the PDL measures the basic needs for an
average family of five. The Zimbabwe National Statistics Agency (Zimstat)
revealed in its latest update that the Total Consumption Poverty Line (TCPL)
for an average family of five was $11 333. "The TCPL for an average of five
persons stood at $11 333,80 in June 2020. This means that an average
household required that much to purchase both food and non-food items for
them not to be deemed poor. <http://www.bulls.co.zw/> Read more >

Shops, Cash Barons Feast On Civil Servants' US$75 COVID-19 Allowance

Civil servants in Mutare have decried the loss in value of their US$75
COVID-19 allowances at the hands of "unscrupulous" banks and retailers who
are imposing unfair charges on transactions. Reports indicate that banks are
deducting $2 from the US$75 in service charges, most shops were charging an
extra $2 per product bought while illegal money changers were deducting
US$14 for cashback. <http://www.bulls.co.zw/> Read more >

Lithium company closes second quarter with US$1,21m

AFRICAN lithium company, Prospect Resources (Prospect) ended the second
quarter with a strong balance sheet of A$1,698 million (US$1,21 million)
following the implementation of a material cost cutting strategy, in line
with the rights issue. In its second quarter activity report, Prospect said
it registered progress by strengthening its balance sheet via a successful
rights issue, signed an MoU with SCR-Sibelco NV regarding potential
ultra-low iron petalite offtake, continued discussions with Uranium One
Group JSC in relation to a spodumene offtake, investment and or acquisition
of Arcadia. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zimbabwe's New Currency Auction Unfairly Favors Big Business

HARARE, ZIMBABWE - Businessman Nyasha Mubonesi used to seethe about
Zimbabwe's parallel market for foreign currency. Sometimes, he couldn't get
as much money as he needed. Other times, exchange rates skyrocketed and
nosedived - in a single day. Then the government unveiled a Foreign Exchange
Auction Trading System in late June, and Mubonesi thought his currency woes
were behind him. Instead, he learned that it was only for businesses that
can bid at least $50,000 at auction. Mubonesi, whose company sells laptops,
printers, cartridges and other communications equipment, makes about 900,000
Zimbabwean dollars (ZWL) ($12,476) per month. "It's nowhere near the minimum
required," he says. "It's not everyone in business who can use this
facility." The auction is Zimbabwe's latest attempt to stem a yearslong
foreign currency crisis, which has deepened an overall sense of economic
fear and instability. <http://www.bulls.co.zw/> Read more >

Funding success for Zimbabwe's fish farmers

Fish farming is getting increasingly widespread in Zimbabwe, thanks to a
joint drive to promote it. However, the building of ponds and dams and
distribution of fingerlings to farmers in various parts of the country has
not been complemented by sufficient market-oriented education and skills
training. As a result, said Waddilove Sansole, team leader of European Union
(EU)-funded Zimbabwe Agriculture Knowledge and Innovation Services (ZAKIS),
many operations are struggling to grow beyond subsistence production and
access reliable markets that pay competitively. "Production knowledge is
there on many operations but what farmers need now is training for them to
be able to produce what the market is looking for," he told The Fish Site.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

4-H Zimbabwe launches virtual conference for youth entrepreneurs   

HARARE based organisation 4-H Zimbabwe Foundation will on Wednesday launch a
nationwide digital platform for youth entrepreneurs meant at celebrating
their efforts in their various sectors. Youths in the agriculture sector
will be at the forefront as it is one of the backbone of the country's
economy and President Mngangwa led Government is making efforts of reviving
the sector in order to increase the country's food security. In an interview
today, 4-H Zimbabwe Foundation programmes officer Ms Ruth Chomola said the
initiative was inspired by this year's theme of International Youth Day
which focuses on youth engagement for global action.
<http://www.bulls.co.zw/> Read more >

Brisk business for exemption letter entrepreneurs   

FAKE exemption letters for different reputable companies are being accessed
from various printing service providers in Mutare for as low as $20, thereby
resulting in many people clandestinely finding their way into the city
centre, The Manica Post has established. Investigations by this newspaper
revealed that printing service providers have templates that they use to
fill in details of their clients after photocopying the original copies from
the respective companies. Under the ongoing lockdown, only people who work
for organisations who offer essential goods and services are exempted from
the travel restrictions. Such holders of exemption letters must produce the
documents when asked to do so by law enforcement agents at various
checkpoints dotted across the country. <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

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.

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