Bulls n Bears Investors Notebook Issue 433: 07 February 2020

Fri Feb 7 03:37:36 CAT 2020

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Bulls n Bears Investors Notebook Issue 433: 07 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

Qatar Airways to buy Rwandair stake to gain African foothold

Qatar Airways plans to purchase a 49% stake in Rwanda's national carrier,
stepping up its presence in the market weeks after taking a majority holding
in the African country's new airport. The Gulf airline is investing in
Rwandair after identifying Africa as a market with significant potential,
Akbar Al Baker, its chief executive officer, said in a briefing at the CAPA
Qatar Aviation conference on Wednesday. The holding being negotiated will be
its first in the continent after a string of deals elsewhere.
<http://techsavvy.co.zw/> Read more >

Airzim plane gets nod to fly   

Air Zimbabwe (Airzim)'s 50-seater Embraer ER145 is set to take to the skies
within three months after the national airline received the
Know-Your-Customer (KYC) certification. In aviation circles, the KYC is a
rigorous process that seeks to demonstrate an airline's capability in
maintaining and operating the aircraft. It also covers traceability of the
aircraft and the standing of the operator, as well as showing the competence
of its cabin crew, among other requirements.  <http://techsavvy.co.zw/> Read
more >

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

Govt to repossess underutilised farms   

Government will in the near future consider repossessing underutilised farm
land and allocate it to other potential beneficiaries, Lands, Agriculture,
Water and Rural Resettlement Minister Perrance Shiri has said. Minister
Shiri indicated that Government had operationalised a wide range of schemes
that farmers could choose from to make sure that the redistributed arable
land is productively put to use for the country's greater economic benefit.
<http://techsavvy.co.zw/> Read more >

Zimra recovers $80 million   

National revenue collector, the Zimbabwe Revenue Authority (Zimra),
intensified war against graft and other forms of crime resulting in the
recovery of $80 million during the fourth quarter to December 31, 2019, a
senior official has revealed. This contributed significantly to the
authority's revenue collected for the quarter that stood at 651 percent
ahead of the same quarter in the prior year.  <http://techsavvy.co.zw/> Read
more >

SMM to sell properties, land to clear debt   

Fallen asbestos producing  giant, Shabanie Mashava Mines Holdings (SMM
Holdings), plans to  dispose land and properties it owns to help pay off
debts and  recapitalise to resume operations. The company was mothballed
nearly 15 years ago and placed under the management of an administrator,
choked by massive debts mainly to  the government. Restarting operations has
remained a dream due to slow and complicated procedures, legal and
otherwise, that have had to be  followed.  <http://techsavvy.co.zw/> Read
more >

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

UNDP support for miners   

The United Nations Development Programme (UNDP) is conducting a needs
assessment for the small scale mining sector in conjunction with the
Ministry of Mines and Mining Development that will culminate in the
development agency providing funding to address challenges bedevilling the
sector. This was revealed by Mines and Mining Development Permanent
Secretary Mr Onismo Mazai-Moyo on the back of the agency having signed a
cooperating agreement with the ministry last year.
<http://techsavvy.co.zw/> Read more >

CFI to capitalise Crest Poultry Group   

CFI Holdings Limited, has revealed its intentions to fully capitalise its
subsidiary - Crest Poultry Group (CPG) - after it was placed under judicial
management in 2016. In its full year results ending 30 September 2019, CFI
noted that it had managed to raise $42,5 million to fund the payment of
Crest Poultry Group's creditors adding there was enough working capital
required to re-launch the businesses.The business is now under its control.
<http://techsavvy.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Money evolutionary shift, future  

Every generation or so, money goes through an evolutionary shift, and 10
years from now the fiat currencies currently in use will be regarded as
relics of a bygone age, much like the fax machine. Cryptocurrencies backed
by artificial intelligence (AI) are about to swarm the world of money,
bringing with them a level of stability that central banks promised and
never delivered. About to come is a whole new architecture for the world
financial system, including investment.  <http://techsavvy.co.zw/> Read more
>

Polyfoil Zim to invest US$1m in equipment   

LEADING packaging material manufacturer and supplier, Polyfoil Zimbabwe
plans to invest US$1 million in plant and equipment at its factory in
Bulawayo over the next three years to improve on operational
competitiveness. The Bulawayo-headquartered company which emerged from the
woods in 2018 having been placed under judicial management in 2013 is
operating at 48 percent capacity due to depressed demand. In an interview
after a tour of the firm by Industry and Commerce Deputy Minister Raj Modi
who was accompanied by Bulawayo Provincial Minister Judith Ncube yesterday,
Polyfoil Zimbabwe managing director, Mr Mudiwa Mhazo said: "Our wish-list
(for retooling) goes up to US$1 million over the next three years as there
are a number of machinery that we want and we would want to do it
(retooling) in phases."  <http://techsavvy.co.zw/> Read more >

Investment opportunities charm Indian business delegation   

ZIMBABWE has a lot of potential to attract foreign direct investment from
all over the world despite the economic challenges the country is facing at
the moment. This was said yesterday by an Indian business delegation that is
in the country to explore investment opportunities. In an interview,
officials from a global information communication technology firm, Sybyl
said despite the economic challenges that the country is facing, it can
still attract investors in different sectors.  <http://techsavvy.co.zw/>
Read more > 

'Bulawayo companies to blame for tender losses'   

BULAWAYO City Council has said some companies based in the city fail to meet
tender requirements but end up crying foul after losing to outsiders. Local
businesses have in the past complained that the local authority was
sidelining them in the awarding of tenders. However, council officials have
blamed local companies for failing to do proper paperwork resulting in them
losing to outsiders.  <http://techsavvy.co.zw/> Read more >

Information Minister Commissions HD Studio For Independent Producers

Information and Broadcasting Services, Senator Monica Mutsvangwa has
commissioned a studio at the ZBC Pockets Hill for independent producers. ZBC
News reports that Mutsvangwa was full of praise for the state-run
broadcaster for ensuring that its competitors have access to facilities that
will enable them to play a diverse and critical role in the broadcasting
industry. The publication further reports that the studio has modern
technology such as lighting systems that allow up to two production sets
with four cameras, good editing suites, good acoustics and multiple video
recorders which can be configured to operate in ultra-high definition.
<http://techsavvy.co.zw/> Read more >

Traditional Food And Beverages Expo 2020 Around The Corner

Amagugu Heritage has reminded that the Traditional Food and Beverages Expo
2020 is fast approaching and those who would want to partake in the event
have to buy tickets in time. Amagugu Heritage held the inaugural Traditional
and Beverages Expo in 2016 "in a bid to raise citizen awareness on the
inherent nutritional value of traditional food and beverages" and this
year's expo is the fourth edition.  <http://techsavvy.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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