Bulls n Bears Investors Notebook Issue 435: 09 February 2020

Sun Feb 9 03:35:28 CAT 2020

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Bulls n Bears Investors Notebook Issue 435: 09 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

Uncertified mealie meal floods Zimbabwe   

AUTHORITIES have raised a red flag over numerous maize meal brands, mostly
imports, which have recently flooded the local market, saying some of them
might be hazardous to consumers' health. Confederation of Zimbabwe Retailers
president Mr Denford Mutashu said there was a danger that most of the
mealie-meal that is finding its way into the country from neighbouring
countries was sub-standard and likely to compromise the health of consumers.
<http://techsavvy.co.zw/> Read more >

Informal shops face closure   

THE Confederation of Zimbabwe Retailers (CZR) has issued an ultimatum to all
retailers and wholesalers to formalise their businesses with the Zimbabwe
Revenue Authority (Zimra) and other regulatory bodies or risk having their
operations closed. CRZ president Mr Denford Mutashu said the organisation
was giving retailers and wholesalers a six-month ultimatum to comply with
the country's regulatory and statutory requirements. He said the
organisation has over the years realised that a number of businesses were
avoiding or evading payment of their tax obligations, in the process denying
Government an opportunity to raise revenue.  <http://techsavvy.co.zw/> Read
more >

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

Portnex operations under threat   

PRODUCTION at Kwekwe-based ferrochrome producer, Portnex Private Limited has
not started since the beginning of the year due to a number of challenges,
among them acute shortage of electricity. The firm was producing ferrochrome
using the Zimasco Western Plant on a five-year lease agreement. Reports also
indicate that the company is choking in debt, a situation that has resulted
in Zesa cutting supplies to the plant. Since breaking for the festive
holiday in December last year, the company has failed to resume operations,
putting more than 200 workers at risk of losing their jobs.
<http://techsavvy.co.zw/> Read more >

SMEs chamber on decent working spaces   

BULAWAYO Chamber of Small to Medium Enterprises (BCSMEs) is working on
securing decent working spaces for its members as one of its initiatives
aimed at formalising their operations. BCSMEs chairperson Mr Energy Majazi
said SMEs' poor working space has over the years impacted negatively on
their prospects of keeping their enterprises as going concerns as well as
attracting potential customers. He said spurred by that, the organisation
had started the process of seeking alternative and proper working space for
its members.  <http://techsavvy.co.zw/> Read more >

Money markets: All Share index closes on a positive note   

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.
Notable among the schemes was the recently relaxed joint venture scheme
where the farmer can partner with a willing investor on agreed terms and
conditions.  <http://techsavvy.co.zw/> Read more >

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

Local company seeks to venture into goat exports   

A LOCAL livestock firm, Michview Enterprises Private Limited is making
concerted efforts to start goat exports in the potential lucrative markets
of Angola and Saudi Arabia. Michview Enterprises technical manager Mr
Lindani Ncube said plans were at an advanced stage to commence goat exports
to Angola after it managed to clinch an order with a prospective buyer
following its three feasibility visits to the southern African country last
year.  <http://techsavvy.co.zw/> Read more >

Bulawayo firm seeks to end scam contractors   

PAYCE Investments (Pvt) Limited has engaged Bulawayo City Council to
consider making use of a digital application programme, which creates a
market place and project management tool for local contractors so as to
guard against contracting unscrupulous firms to carry out its
infrastructural development projects. Speaking at a policy dialogue meeting
on private contracting held by the Bulawayo Progressive Association last
Thursday, Payce Investments chief operating officer Mrs Nontokozo Masuku
said it has come to the company's attention that most construction
activities in the country, including Bulawayo, were being stalled as owners
of the projects fell prey to scam contractors.  <http://techsavvy.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

Water woes affect Umguza irrigation scheme   

FARMERS at Redwood Vukusebenze Irrigation Scheme in Umguza District,
Matabeleland North Province have failed to fully utilise their agricultural
enterprise for over 15 years due to insufficient water supplies. Redwood
Vukusebenze Irrigation Scheme chairperson Mr Mthokozisi Lunga said efforts
to fully utilise the 60 hectares of arable land at the 100-hectare scheme
have failed since its inception in 2004 due to inadequate boreholes to
harness water for irrigation.  <http://techsavvy.co.zw/> Read more >

Climate change and tourism   

THE role of the tourism industry in economic development of countries across
the world can not be over-emphasised.  As a matter of fact, some countries'
economies derive most of their revenues from tourism. Over the years the
tourism industry has experienced massive growth due to global transport and
communications networks that have enhanced promotions and destination
accessibility.  In the early days, long haul tourism was largely supported
by sea transportation before air transport networks became dominant while
inland routes were serviced by rail followed by road networks. While the
ease of access to the previously hard-to-reach destinations and attractions
has spurred tourism growth tremendously, it comes at a cost. The
proliferation of these mechanical means of travel also meant a great
increase in greenhouse gas (GHG) emissions.  <http://techsavvy.co.zw/> Read
more >

Pecan nuts production to start in 2025   

FULLY-FLEDGED production of pecan nuts, one of the country's anticipated top
foreign currency earning crops in Umguza District, Matabeleland North
Province is expected to commence in 2025. The pecan nut project at
Agricultural and Rural Development Authority (Arda) Balu Pecan and Livestock
Estate, which commenced in 2018 is expected to see 1 000 hectares being put
under the deciduous tree in five years, making it one of the biggest such
plantations in the world. The Estate is a partnership between Kalimba
Investments, a subsidiary of Surrey Abattoirs Private Limited and Arda.
<http://techsavvy.co.zw/> Read more >

Weaving to prosperity through basketry projects   

LUPANE Women Development Trust (LWDT)'s artefacts project has managed to
play a pivotal role in breaking the yoke of poverty and improving food
security at most households in rural communities in Matabeleland North, at a
time the effects of drought are being felt throughout the country. LWDT
marketing manager Mrs Khayelihle Sibanda said a majority of the weavers
attached to the organisation were making a living despite the economic
challenges and the drought being faced by the country. "We are very
impressed about the performance of our basketry project. In the just ended
month (February) we managed to generate over $150 000 from selling the wares
both locally and from the export market with one of the women realising over
$2 000 from the sale of two sisal rug pieces.   <http://techsavvy.co.zw/>
Read more >

Community communal feedlots should be utilised to save livestock   

WE continue to look at broad strategies that can be employed by the
community in general and smallholder livestock farmers in particular to try
and save their livestock from being wiped out by drought. I think it is a
good idea to dust off some unused structures and put them to good use. I am
talking about giant communal feedlots that were either barely utilised or
never utilised at all. Some communal areas like those in Mangwe District are
littered with big feedlot pens that are hardly in use for one reason or
another. There are also some giant feedlots that are lying in a state of
neglect in some irrigation schemes. These pens were constructed with a sole
purpose of saving livestock from drought.  <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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