Bulls n Bears Investors Notebook Issue 556: 14 August 2020

Fri Aug 14 08:19:32 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 556: 14 August 2020

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

Bulls 'n Bears Investors Diary: Today's Events

CBZ

AGM

Virtual

14  August 2020 | 6pm

Quotable Quote:

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

Gold rally a boon for Zim   

After Covid-19 dampened investor appetite in the majority of assets and
investment options globally, Zimbabwe should seize the opportunity and
optimise the production of in-demand gold to boost earnings amid record-high
prices. Calls have been made for Zimbabwe, which faces a critical shortage
of hard currency that has caused exchange rate volatility and driven up
inflation, to ramp up gold output and exports. Investors tend to buy gold
and silver during periods of rising economic uncertainty, such as posed by
Covid-19, but switch to riskier assets such as stocks when they see signs of
stability and growth.  <http://www.bulls.co.zw/> Read more >

ZimTrade plans virtual trade mission   

Zimbabwean companies seeking to take up the Botswana market will next week
have an opportunity to market their goods and services to buyers from the
neighbouring country through participation in a virtual trade mission. The
mission has been organised by Zimbabwe's national trade development and
promotion organisation, ZimTrade in conjunction with its Botswana
counterpart, the Botswana Investment and Trade Centre (BITC). This
development comes at a time when the national trade promotion agency has
been on a regional and international whirlwind in pursuit of promoting
exports in line with Government's economic strategy of boosting and widening
the country's export basket. .  <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

Pandemic threatens real estate sector   

Property values could decline by as much as 40 percent as the real estate
sector continues to feel the pinch of the pandemic, local consultants
Integrated Properties has projected. The Covid-19 pandemic has largely
disrupted most business cash-flows due to the social distancing requirements
that have necessitated restricted movement, lockdowns and reduced operating
hours. But for the real estate sector the consequences could be more
pervasive. .  <http://www.bulls.co.zw/> Read more >

Govt unhappy with banks   

Banks must enable civil servants and pensioners to spend their US dollar
Covid-19 allowances in shops by ensuring they have foreign currency accounts
and the required debit cards. On their part, retailers must have point of
sale (POS) machines that can transfer hard currency between nostro accounts.
The Ministry of Finance and Economic Development yesterday made it clear
that bankers had to brief their customers on the new systems, and ensure
that customers could spend their US dollars easily not just with a card but
also using electronic platforms .  <http://www.bulls.co.zw/> Read more >

New greenbelt to boost grain production   

Maize production is to be boosted by an additional one million tonnes a year
within three years through the development of 100 000 hectares of new
irrigated land under the Agriculture Recovery Plan in the Bulawayo Kraal
Irrigation Scheme in Binga, Masvingo and at Kanyemba, with both Government
and the private sector being involved.  The initial phases of the huge
investment will be done in three years, with the Government roping in the
private sector, and will ensure almost half of Zimbabwe's maize requirements
are met from the new lands, even in a bad drought. In subsequent phases
citrus, macademia and pecan nuts will be added to these low altitude
irrigated schemes in a new greenbelt. The combined phases will produce for
export, as well as local demand and local processing.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Dollar eases 2.6pc at auction   

The Zimbabwe dollar eased 2.6 percent in the eighth foreign currency auction
held yesterday to a weighted average of $82.56:US$1, confirming the growing
stability in exchange rates and resultant prices that the auction process
has already brought about, and for the first time, all valid bids were
allotted in full. The 171 bidders in the main auction were allotted the full
US$17.9 million they sought and the 75 valid bidders in the small-bidder SME
auction received the US$789 866 they wanted. There were 30 bidders who did
not meet the conditions, 15 in each auction, but this was the smallest
number of rejected bids since the system started.  <http://www.bulls.co.zw/>
Read more >

RBZ, police probe Ponzi schemes   

POLICE and the Reserve Bank of Zimbabwe (RBZ) have launched a countrywide
probe on companies operating suspected Ponzi schemes in urban centres in
breach of the Banking Act. The firms, which are operating without banking
licences, are offering unbelievable interests of up to 100 percent within a
few weeks. Some disguise as marketing firms for the purposes of
registration, but go on to take money from people, offering banking services
illegally.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zinwa seeks partnerships   

THE Zimbabwe National Water Authority (ZINWA) is seeking partnerships with
water users and eco-tourism operators for the maintenance of dams managed by
the parastatal. The authority also called on private companies and
individuals interested in leasing lakeshore land which is under the
parastatal's management. Zinwa recently flighted proposals for partnerships
indicating the procedures that should be taken by interested parties. In a
statement, Zinwa said those interested in partnering the organisation in
maintaining the dams would benefit from water allocation equivalent to the
value of their contribution in the maintenance of the infrastructure.
<http://www.bulls.co.zw/> Read more >

Bulawayo companies under spotlight   

BULAWAYO companies are under the spotlight as businesses in Zimbabwe and
Botswana are set to benefit from a virtual trade mission that will enhance
trade relations between the two countries. Botswana is one of Zimbabwe's
traditional trading partners and local companies, especially in Bulawayo,
can take advantage of the proximity between the two countries to land
products in the neighbouring country at competitive prices. Francistown,
which is closer to Zimbabwe than the capital Gaborone can be used as an
entry point into the market. Zimbabwe's trade with Botswana has in the past
three years shown steady growth with Zimbabwe' exports moving from US$19,2
million in 2017 to US$43,3 million in 2019. Considering the risks posed by
coronavirus on physical meetings, the virtual trade mission, scheduled for
20-21 August, is intended to ensure an increase in Zimbabwe/Botswana trade,
leveraging on areas of advantage and strengths in the two economies.
<http://www.bulls.co.zw/> Read more >

Growing competition eases NamPack volumes   

PAPER and packaging material producer, NamPack Zimbabwe, continues to face
volume reduction across all its business units due to competition in the
regional market. In a trading update for the third quarter and nine months
period ended June 30, 2020, the manufacturing concern said despite foreign
currency availability having improved due to the forex auction trading
system, shortage remains the company's major concern. "The shortage of
sufficient foreign currency for importing raw materials remained the group's
main concern, especially in respect of paper for conversion into corrugated
boxes for the commercial and tobacco sectors.  <http://www.bulls.co.zw/>
Read more >

Sasai Wi-Fi Finder launch set to be a real game-changer   

Cassava Fintech International (CFI) and the Liquid Telecom Group (LTG) this
week announced the launch of Sasai Wi-Fi Finder, which will be rolled out at
thousands of hotspots across Africa. The service, a real potential
game-changer in driving digital and financial inclusion in Africa, will see
the roll-out of the Sasai Wi-Fi Finder in Zimbabwe, Kenya, Tanzania, Uganda,
Rwanda, Democratic Republic of Congo and South Africa over the coming
months. Speaking at the launch of the service, CFI Chief Executive Officer,
Mr Darlington Mandivenga said: "We see this launch as a critical piece in
the social digital inclusion agenda we are driving on the continent.
<http://www.bulls.co.zw/> Read more >

New tourism sites to unlock US$2,7 billion   

GOVERNMENT is planning to expand Zimbabwe's tourism attractions into new
areas, a development that is expected to unlock at least US$2,7 billion in
new tourism infrastructure by 2025. Targeted areas for new tourism
infrastructure include Tugwi Mukosi, Binga, Kanyemba, Osborne Dam and
Kariba. Areas such as Kariba and Binga are already popular tourist
destinations, and new infrastructure in these areas is expected to boost
arrivals in these areas going forward, as Government anticipates a booming
post-Covid-19 tourism sector.  <http://www.bulls.co.zw/> Read more >

Standard Chartered, Airtel Africa partner to drive financial inclusion in
Africa   

STANDARD Chartered Bank and Airtel Africa have agreed to work together to
co-create new, innovative products aimed at enhancing the accessibility of
financial services. The two entities announced on Wednesday a strategic
collaboration to drive financial inclusion across key markets in Africa by
providing customers with increased access to mobile financial services.
<http://www.bulls.co.zw/> Read more >

Zimbabwe targets 12 million carats in 5 years   

ZIMBABWE is targeting to grow diamond production from 3,5 million to 12
million carats by 2025, Mines Minister Winston Chitando has said. Before
Zimbabwe attains such lofty output it has to achieve an ambitious but
achievable target of growing the diamond sector to a US$1 billion industry.
Government has grand vision of expanding the mining industry from being a
US$3,4 billion sector presently to a US$12 billion industry by 2023, of
which diamond should account for nearly a tenth. In terms the grand plan,
gold, Zimbabwe's single biggest mineral export, will generate US$4 billion
in four years (2023) time while platinum would bring in another US$3 billion
as a raft of projects come on stream.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

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/20200814/20b2c22f/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/20200814/20b2c22f/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 30139 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200814/20b2c22f/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/20200814/20b2c22f/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/20200814/20b2c22f/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/20200814/20b2c22f/attachment-0009.jpg>