Bulls n Bears Investors Notebook Issue 427: 01 February 2020

Sun Feb 2 11:22:08 CAT 2020

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Bulls n Bears Investors Notebook Issue 427: 01 February 2020

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Mealie-Meal Task Force Unearths Serious Underhand Dealings On Subsidised
Mealie-Meal

The recently instituted mealie-meal task force has discovered that employees
at the Grain Marketing Board (GMB) in Bulawayo are diverting at least 60 per
cent of Government-subsidised mealie-meal to the black market. The alleged
fraud came to light after taskforce last week made a surprise visit at Silo
Foods Industries' factory at Belmont industrial area where it allegedly
discovered an invoice book that was being used by the perpetrators of the
scam. <http://www.bulls.co.zw/> Read more >

ZIMRA Clarifies The Capital Gains Tax

Zimbabwe Revenue Authority (ZIMRA) has said that couples intending to sell
their jointly-owned matrimonial houses are obliged to pay double Capital
Gains Tax with each of the parties taxed separately if both have their names
showing on the title deeds. The tax regime was confirmed by Zimra
spokesperson Francis Chimanda after some couples in Bulawayo had queried the
move. Chimanda said: <http://www.bulls.co.zw/> Read more >

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

The Rise Of E-Commerce In Africa, Where Is Zimbabwe?

Technology is rapidly transforming the way business is done. Orthodox means
would require one to be physically in the location of the commodities one
needs to purchase. But with technology, things have just changed. Electronic
commerce (e-commerce) is the buying and selling of goods and services, or
the transmitting of funds or data, over an electronic network, primarily the
internet. These business transactions occur either as business-to-business
(B2B), business-to-consumer (B2C), consumer-to-consumer or
consumer-to-business.  <http://www.bulls.co.zw/> Read more >

"An Additional $500 Million In Notes And Coins Will Be Put Into
Circulation,," Mthuli Ncube

Zimbabwe's Finance Minister, Professor Mthuli Ncube has announced that an
additional $500 million in notes and coins will be put into economy in the
first six months of 2020. Ncube said that the initiative is premised at
easing the cash crisis that has lingered for years now. Zimbabwe has
attempted a number of tricks including the introduction of the surrogate
currency, the bond note to address the cash shortage issue but results have
been frustrating, so far. <http://www.bulls.co.zw/> Read more >

Finance Minister: Availability Of Power Is Expected To Increase

Finance Minister, Professor Mthuli Ncube has said that the availability of
power is expected to increase in Zimbabwe as more power producers have
stepped up. Ncube also revealed that the government had set aside $8,5
billion to support electricity generation and imports this year as part of
efforts to ease load-shedding. He said: Availability of power is expected to
increase as more independent power producers (IPPs) come on line.
<http://www.bulls.co.zw/> Read more >

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

Roadside Business Owners Cry Foul

Business owners operating along Solomon Mujuru Drive (formerly Kirkman
Road), are crying foul over the demolition of their structures by the
Zimbabwe Republic Police (ZRP) and municipal police officers, saying they
were not informed of the Operation before it was carried out. Chairman of
the Kirkman Traders Association Fidelis Magava said Harare City Council did
not serve them with eviction notices before the demolitions. Said Magava:
When we started these projects, we paid rates to the council and we agreed
to pay $300 every month to operate our businesses here.
<http://www.bulls.co.zw/> Read more >

Kariba Dam Water Approaching Unusable Storage Levels - Zambezi River
Authority

The Zambezi River Authority has reported that water levels have rapidly
fallen at Kariba Dam, a development that will likely see Zimbabwe's power
crisis escalating. The authority reports that water level in the Kariba Dam
was at 476,75 metres translating to 8,64 per cent of the dam capacity on
Thursday last week.  This translates to just 1,25 metres above the minimum
475,50m recommended for power generation. Zimbabwe and Zambia use Kariba Dam
for their hydropower generation and the decrease in water levels has seen
the two countries decreasing power generation.   <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

Livestock experts call for goat policy   

LIVESTOCK experts have called on the Government to formulate a national goat
policy, a move aimed at putting in place guidelines to stimulate the growth
of the sub-sector and improve its contribution to the country's economy. In
an interview with Sunday News Business after a media workshop on goat and
pork value chains assessments in Bulawayo recently, development consultant
Mr Jonathan Kagoro said there was a need for Government to come up with
regulatory framework outlining goat production. <http://www.bulls.co.zw/>
Read more >

RDC calls for revocation of mining licence   

KUSILE Rural District Council (KRDC) in Lupane is calling on the Government
to revoke mining licences of three prospective investors for taking long to
kick-start their energy resources projects. KRDC chairperson Councillor
Fibion Ngwenya told Sunday News Business last Wednesday that the local
authority was in the process of engaging the Government through the Ministry
of Mines and Mining Development to consider forfeiting licences of two
firms, which were given Special Grants to explore and exploit for coal and
another one for coalbed methane gas as they have taken long to start
operations. <http://www.bulls.co.zw/> Read more > 

Farmers should adopt the bush meal concept for resilience   

AS it becomes crystal clear that the country will experience a mother of all
droughts in Matabeleland and other southern parts, it is imperative that we
remind ourselves of survival and copying strategies as livestock farmers.
The first strategy which is widely spoken by extension workers and widely
ignored by farmers is destocking.  <http://www.bulls.co.zw/> Read more > 

Arda Trek Antelope goes without electricity   

THE viability of Agricultural and Rural Development Authority (Arda)-Trek
Antelope Estate in Matobo District, Matabeleland South Province, one of
Government's Command Agriculture Programme success stories is under threat
owing to unavailability of electricity for close to six months. Arda
Antelope Estate manager Mr Alec Chinyayi told Sunday News recently that the
agricultural enterprise has been relying on diesel-powered generators to
draw water for irrigation purposes following theft of electricity cables in
August last year.  <http://www.bulls.co.zw/> Read more >

CABS works on assisting SMEs on forex generation   

FINANCIAL services provider CABS says it is working on assisting Small to
Medium Enterprises (SMEs) to come up with products which meet international
standards to enable them to explore the export market so as to generate the
much needed foreign currency. In an interview with Sunday News Business on
the sidelines of an SMEs Indaba organised by Diamond Berry Enterprises last
Friday, CABS Matabeleland area manager Mr Crispen Nemunyadzo said there was
a need for small firms to produce highly competitive products to enable
themselves to tap into lucrative foreign markets so as to generate foreign
currency.   <http://www.bulls.co.zw/> Read more >

SMEs urged to form clusters   

THE Bulawayo Leather Cluster has challenged small-to-medium entrepreneurs
(SMEs) in various sectors of the economy to come up with business clusters
so as to enhance productivity and profitability of their entities. In an
interview with Sunday News Business during a tour of the Bulawayo Leather
Cluster factory by the European Union ambassador to Zimbabwe Mr Timo
Olkkonen recently, the organisation's secretary-general Mr Fungai
Zvinondiramba said clusters remained the most viable way to catapult the
growth and expansion of SMEs. <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

 Bindura Nickel Corp

CBZH

Dawn

Delta

Falgold

Fidelity

MedTech

Meikles

Turnall

Unifreight

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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