Major International Business Headlines Brief::: 10 January 2020

Fri Jan 10 04:09:16 CAT 2020

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Major International Business Headlines Brief::: 10 January 2020

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

ü  World Bank cuts Ethiopia GDP forecast to 6.3% for 2020 fiscal year

ü  South African power cuts to drag on into Friday

ü  France's Orange considering IPO of Middle East, Africa operations

ü  Kenya's KCB Group injects 5 bln shillings into NBK after acquisition

ü  Ivory Coast tax collection up 5% in 2019

ü  South African business confidence index edges up in December

ü  US wine sellers compare tariffs to Prohibition

ü  UK ban on US chlorinated chicken 'to continue after Brexit'

ü  Airbus 'sees potential to expand' after Brexit

ü  M&S sales squeezed as men shun skinny trousers

ü  Banks told to stop short-changing loyal savers

ü  LCF investors see compensation hopes dashed

ü  Transport for Wales: KeolisAmey fined £2.3m for poor performance

 <mailto:info at bulls.co.zw> 

World Bank cuts Ethiopia GDP forecast to 6.3% for 2020 fiscal year

ADDIS ABABA (Reuters) - The World Bank has cut Ethiopia’s economic growth
forecast to 6.3% for the 2020 fiscal year, down from an earlier estimate of
9.0%, citing the growing debt burden of state-owned firms and a worsening
security situation.

Ethiopia’s central bank earlier this week forecast the economy would expand
by 10.8% in its 2019/20 fiscal year that ends in July, up from 9% in the
previous year.

Prime Minister Abiy Ahmed, who came to power in 2018, has started ambitious
economic reforms aimed at opening up one of Africa’s fastest-growing but
most closed economies.

The government says the first sector to be liberalised will be telecoms.

It plans to issue two telecoms licences to multinational mobile companies
this year, ending a state monopoly. It has also pledged to gradually
liberalise its exchange rate.

Ethnic violence in Ethiopia has displaced more than 2.7 million people over
the past two years.

 <mailto:info at bulls.co.zw> 

South African power cuts to drag on into Friday

JOHANNESBURG (Reuters) - South Africa’s troubled state utility Eskom said it
would extend power cuts into Friday, with energy experts predicting that
outages would have to be stepped up next week as more businesses reopen
after the New Year holidays.

The latest round of power cuts across South Africa, which have been
implemented sporadically since the weekend, is a reminder of the fragility
of Eskom and how its unreliability has frustrated President Cyril
Ramaphosa’s efforts to lift economic growth.

They have meant a baptism of fire for Eskom’s new Chief Executive Andre de
Ruyter, who started work on Monday and will oversee a government plan to
split the company - which produces more than 90% of South Africa’s power -
into three units to make it more efficient.

Eskom said in a statement on Thursday that it would continue overnight cuts
of up to 2,000 megawatts (MW) from the national grid until 0600 local time
(0400 GMT) on Friday as it had lost additional generating capacity
overnight.

The utility has been hobbled by repeated faults at its fleet of coal-fired
power stations.

It often has to rely on emergency reserves like pumped storage facilities
and open-cycle gas turbines to meet power demand, but those reserves were
insufficient on Thursday, when more than 14,000 MW of its 44,000 MW nominal
capacity was offline due to plant breakdowns.

Clyde Mallinson, a local energy expert, said he expected power cuts of
between 4,000 MW and 6,000 MW next week.

Analysts say power demand could rise by around 3,000 MW from Jan. 13 as
electricity-hungry companies like factories and mines ramp up output after
recent public holidays.

A three-month Eskom outlook released this week showed it would struggle to
meet its reserves throughout February and March under a likely scenario with
13,700 MW of breakdowns, raising the risk of further power cuts that could
dent first-quarter economic output.

Power cuts implemented by Eskom last year pushed Africa’s most
industrialised economy to the brink of recession, with data on Thursday
showing another contraction in the manufacturing sector in November.

($1 = 14.1772 rand)

France's Orange considering IPO of Middle East, Africa operations

PARIS (Reuters) - French telecoms group Orange is considering a possible
stock market flotation of its combined Middle East and Africa operations,
Orange said on Thursday.

“Orange has decided to bring together all our regional activities in a
single company, OMEA, to create a separate entity and provide the Group with
various options for growth,” Orange said in a statement.

“An IPO of OMEA is one of these potential scenarios, and the decision will
depend on a number of factors, including strategic opportunities and market
orientation, always with the central criterion of accelerating the growth of
this business,” it said.

Kenya's KCB Group injects 5 bln shillings into NBK after acquisition

NAIROBI (Reuters) - Kenya’s biggest lender by assets, KCB Group, has
injected 5 billion shillings ($49.31 million) into National Bank of Kenya
(NBK), which it acquired last year, it said on Thursday.

“In addition to enabling NBK to comply with capital adequacy requirements,
the injection bolsters NBK’s financial resources,” the lender said.

($1=101.4000 Kenyan shillings)

Ivory Coast tax collection up 5% in 2019

ABIDJAN (Reuters) - Ivory Coast collected 2.25 trillion CFA franc ($3.86
billion) in taxes in 2019, up 4.7% over the previous year, and expects to
collect 2.72 trillion CFA francs in 2020, tax chief Abou Sie Ouattara told
reporters on Thursday.

Ivory Coast, the world’s top cocoa producer, accounts for around 40% of the
eight-nation West African CFA franc currency zone’s economy.

($1 = 583.2200 CFA francs)

South African business confidence index edges up in December

JOHANNESBURG (Reuters) - South African business confidence improved slightly
in December as imports rose and more building plans were passed, but
extensive power cuts meant sentiment was still weak, a survey showed on
Thursday.

The South African Chamber of Commerce and Industry’s (SACCI) monthly
business confidence index (BCI) edged up to 93.1 in December from 92.7 in
November.

SACCI said four of 13 sub-indices improved, three weakened and six were
broadly unchanged.

“The economy’s potential is wavering and requires positive corrective
steps,” it said in a report accompanying the survey.

Low levels of business confidence and have been a major drag on investment
in Africa’s most developed economy, complicating President Cyril Ramaphosa’s
efforts to revive growth.

Ramaphosa pledged comprehensive reforms when he took over in February 2018.
But he has found it hard to push through his agenda given severe fiscal
constraints, power cuts and entrenched opposition, hurting investor
sentiment.

Troubled state power utility Eskom is struggling to meet electricity demand
due to breakdowns at its unreliable coal-fired power stations.

It has been forced into several rounds of power cuts that have hobbled
economic growth, with the most severe cuts experienced in December last
year.

SACCI said the BCI declined from an average of 95.5 in 2018 to 92.6 in 2019.

US wine sellers compare tariffs to Prohibition

A century ago new restrictions on selling alcohol left America's wine
merchants reeling.

Now, President Trump's decision to raise taxes on European wine imports to
100% presents a similar threat, the industry says.

Wine sellers are warning that their businesses will not survive if the
tariffs go ahead.

They want Washington to drop the proposal, which is in retaliation over
European subsidies for Airbus.

The industry says raising the tariffs, on top of an earlier increase, will
lead to job losses and price increases in the US.

"It is without hyperbole that I tell you that the proposed tariffs would be
the greatest threat to the wine and spirits industry since Prohibition, in
1919," says Benjamin Aneff, managing partner of Tribeca Wine Merchants.

The US imports about $5bn (£3.8bn) in wine from Europe a year. But since
October, the industry has been grappling with a 25% tax on European wines,
which the US imposed after winning approval from the World Trade
Organisation to retaliate in the dispute overs subsidies to planemaker
Airbus.

'Calamitous impact'

Most American sellers managed to absorb the impact of the first round of
tariffs. But they say if the US strikes again, with a 100% tax, it will
disrupt the industry, invite retaliation and place thousands of jobs at
risk.

For American drinkers, the National Association of Wine Retailers estimates
that prices would more than double and some bottles will simply become too
expensive to import.

Thousands of people have opposed the move in written comments to the US
Trade Representative, which handles the decision and is accepting
submissions until 13 January.

"These tariffs are intended to be punitive measures against European
countries, but instead, they are having a calamitous impact on American
small businesses, American workers, and American consumers," wrote the heads
of Field Blend Solutions, a New York-based importer.

The Trump administration might have assumed it could target fine Burgundies
without causing too many political problems, shrugging off a bit of an
outcry in Francophile circles.

But Robert Tobiassen, president of the National Association of Beverage
Importers, says that kind of thinking "misses the point".

"It's not just a question of simply raising prices. It's a question of what
is the impact on jobs, what is the impact on the US marketplace," he says.

A lot of the frustration is about the "asymmetric approach", he adds. "Why
is wine having to pay for a dispute on civil aircraft?"

'Drink home grown'

In December, the US said raising the tariff up to 100% was necessary,
because of "lack of progress" on resolving the subsidy fight. Brussels,
however, has maintained that the US has not been interested in negotiating.

Last month, Donald Trump said he thought the two sides would be able to
"work it out". But Mr Trump, who is not a wine drinker, has also dismissed
US concerns, saying Americans could substitute home-grown bottles. (His
family owns a winery in Virginia.)

But even California growers have spoken out against the tariffs, arguing
that they may spark retaliation, without convincing people to buy American.

"If they do go to another wine, would they go to Chilean wine or South
African or New Zealand?" Mr Tobiassen says.

Tom Wark, executive director of the National Association of Wine Retailers,
says the administration may back down from the full 100% threat - but he
thinks some tariffs on wine remain likely.

Indeed, champagne is facing possible tariffs in a separate fight over
France's new tax on technology firms.

"The American wine industry appears to be the industry that people are
willing to punish," says Mr Wark.--BBC

UK ban on US chlorinated chicken 'to continue after Brexit'

Chlorine-washed chicken and hormone-treated beef will be kept out of the UK
under any trade deal with the US, the environment secretary has promised.

Theresa Villiers told the BBC the current European Union ban on the two
foods will be carried over into UK legislation after Brexit.

Until now the UK has been wavering on the issue.

But she told BBC Countryfile: “There are legal barriers to the imports and
those are going to stay in place.”

Ms Villiers has previously talked of imposing tariffs on any future imports
of US chicken and beef. But she’s been under great pressure from Britain’s
farmers.

In the exclusive interview with the Countryfile programme, she said: “We
will defend our national interests and our values, including our high
standards of animal welfare."

How safe is chlorine-washed chicken?

Chlorine-washed chicken and hormone-treated beef are illegal under EU law
for different reasons.

The EU says feeding cows with growth-enhancing chemicals could potentially
result in harm to beef-eating humans – a suggestion the US fervently
rejects.

There is, on the other hand, no human health threat from using a bleach
solution to kill salmonella on chickens. In fact, it’s rather effective.

But the EU says using chlorine allows American farmers to be careless with
the welfare of the chickens.

The US regards the rules against these products as a European ruse to
protect its own producers, and has stated that the trade of both meat
products will be central to any UK-US trade deal after Brexit.

So Ms Villiers’ promise may please British consumers unhappy with the
thought of chicken sprayed with bleach. But it may make things more
difficult for Britain’s trade negotiators.

The environment secretary has made a strong promise that "legal barriers" to
the import of chlorinated chicken and hormone-treated beef will "stay in
place" and that the government will "hold the line" on this even if insisted
upon by President Trump in trade talks. This makes a quick trade deal with
the US rather tricky to envisage.

Leaked US-UK trade documents showed the US tried to establish how far the UK
would, after Brexit, detach from the EU's hard line against US farm trade
methods. US officials had made a presentation and repeatedly raised the
"unscientific approach the EU maintains towards Pathogen Reduction
Treatments [chlorinated chicken]". The US has been in a dispute with the EU
over such methods since 1997.

If the environment secretary's rejection of such key US exports is echoed in
the UK's negotiating position with the US, the US Congress might also
object. When similar statements were made by Michael Gove, when he was
former environment secretary, in 2017, it caused a rift in cabinet with Liam
Fox, who was then trade secretary .

It is a clear example of the delicate balancing act and trade-offs involved
in the UK's new post-Brexit trade freedom.==BBC

Airbus 'sees potential to expand' after Brexit

The chief executive of Airbus has said the future of its British wing plants
is "secure" and there is "great potential to expand" post Brexit.

The aerospace giant had warned it could move wing-building out of the UK in
the event of a no-deal Brexit.

Airbus employs 13,500 people in the UK, including 6,000 at its site in
Broughton, Flintshire.

On Wednesday, Guillaume Faury said the fact MPs had backed Boris Johnson's
Brexit deal made things more "certain".

Airbus's previous chief, Tom Enders, said last year the company would have
to make "potentially very harmful decisions for the UK" in the event of no
deal.

Mr Faury, who took up his role in April, said in his speech: "While global
uncertainty won't end with the UK's withdrawal from the EU, Brexit is, at
least, now for certain."

Speaking at the Airbus New Year reception, Mr Faury added: "But the nature
of the future relationship between the UK and EU is still to be determined.

Airbus scores blockbuster aircraft orders

Airbus scraps A380 giant jet as sales slump

'Grave concerns' over Airbus jobs

"Airbus is committed to the UK and to working with the new government on an
ambitious industrial strategy.

"We see great potential to improve and expand our operations in the UK this
year."

This is a substantial change in both emphasis and tone from Airbus over
Brexit.

The company, which has major facilities spread across Europe, was one of the
most vocal over its concerns about how trade would be affected by Brexit.

Its main issue was products and components being held up at the border given
the company's just-in-time approach to manufacturing.

It was also concerned about its ability to move its staff between its UK and
EU sites without delays due to regulations and paperwork.

The company's attitude appears to have changed perhaps due to new management
and an acceptance that Brexit will now happen.

I think there has increasingly been questioning inside Airbus about whether
it benefits from taking such a public stance on Brexit concerns.--BBC

M&S sales squeezed as men shun skinny trousers

M&S said it overestimated demand for tight-fitting men's clothing in the
run-up to Christmas.

As a result, the High Street retailer said it had ordered more "regular" and
"relaxed-fit" clothing for spring.

M&S boss, Steve Rowe, said "disappointing" issues, such as the surplus of
skinny menswear, held the firm back from a stronger performance over
Christmas.

Weak sales in clothing and homeware were offset by higher food sales.

Too much food

However Mr Rowe said M&S did have issues with the "waste and supply chain"
in its food department over Christmas.

The retailer said it ordered too much food in the final two weeks before the
big day.

Meanwhile, an overly complex supply chain meant that food spent more time in
the delivery system and less time on shelves.

John Lewis warns it may not pay staff bonus

Christmas pudding sales burnt out in festive period

Nevertheless, like-for-like food sales, which exclude takings from new
stores, increased by 1.4% in the final 13 weeks of 2019.

However, that growth was largely offset by a dip in the home and clothing
departments at M&S.

The firm said customers were also more conservative when giving presents
over Christmas.

'One-off issues'

M&S said fewer customers bought items from its gift range, which includes
things that could be considered token presents, such as fragrance sets.

As a result, like-for-like sales at M&S climbed just 0.2% in the final
months of the year.

"Disappointing one-off issues - notably waste and supply chain in the food
business, the shape of buy in menswear and performance in our gifting
categories - held us back from delivering a stronger result," said Mr Rowe.

However, the firm outperformed rivals Tesco and Sainsbury's, both of which
saw sales slip during a similar period.

Richard Lim, the boss of analyst firm Retail Economics, said M&S could be
showing signs of recovery after what was a tough year for the business,
which dropped out of the FTSE 100 in September.

"Food performed particularly well, benefiting from stronger underlying
household finances, but consumers also responded positively to more
competitive pricing," he said.

"While clothing and home lagged overall growth, it still improved on
previous performances."

But investors were disappointed by the result.

Shares in the M&S fell by as much as 11.2% after it revealed its results on
Thursday.--BBC

Banks told to stop short-changing loyal savers

Millions of savers who leave money in the same account for years should get
a better deal under plans published by the City regulator.

Under the proposals, banks would have to set a single long-term interest
rate for all easy access savings accounts to avoid the loyalty penalty.

The Financial Conduct Authority (FCA) said providers could still offer
one-year introductory offers.

But the new single rate should avoid banks whittling down rates after that.

Why a timely nudge might help us save money

How much pocket money should we give our kids?

Savers who leave their money in the same account with one of the major
providers may currently receive as little as 0.1% in interest. Such low
rates apply to instant access savings accounts, as well as easy access cash
Individual Savings Accounts (Isas).

The best rates available now offer around 1.4%. So that is a difference of
£130 a year in interest on a savings pot of £10,000 between the best and
worst - even at a time of low interest rates.

A total of 40 million people in the UK have easy access savings, but only
10% of them - primarily pensioners with large life savings pots - move them
around to different accounts to make the most of the best interest rates on
the market.

They are benefiting from so-called teaser rates, introductory offers made by
providers to try to attract new business.

About 20% of savers move their money around occasionally, while 70% leave it
in the same account for years. They lose out because banks gradually reduce
those rates over time, meaning the interest on their savings may not even
keep pace with the rising cost of living.

Christopher Woolard, from the FCA, said the new proposals were designed to
offer some protection to these savers and to make offers easier to compare
between banks and building societies.

He said the regulator needed to consider the reality for many families, that
switching savings accounts was low down on any list of priorities.

Under the plans, firms would be required to pay long-standing customers the
same rate as customers who had recently come off an introductory offer.

This Single Easy Access Rate (SEAR) can be changed, but would be the same
across all accounts that the bank or building society provides. There would
be one SEAR for easy access savings accounts and one for easy access Isas.

At present, for example, one provider has 82 different easy access accounts,
with a range of different rates.

The idea, first suggested by the FCA in July 2018, would take effect by
early next year if approved following consultation.

'Vote with your feet'

"This [plan] will prevent firms from gradually reducing interest rates over
time and make them compete for all their customers," said Mr Woolard.

"The new rate will also make it easier for savers to know whether they are
getting a good deal after any introductory offer has expired."

He said banks would compete on their SEAR rate, benefiting existing savers
by an estimated £260m, or possibly more if interest rates were to rise. The
FCA suggested this could mean £25 extra for the typical saver.

However, UK Finance, which represents the major banks, said that regulation
that adds costs to banks would have to be recovered through higher rates for
loans and mortgages.

Anna Bowes, co-founder of independent comparison service Savings Champion,
said the plans could ignite some competition in the older account savings
market, while allowing providers to continue to compete for new savers and
possibly encourage switching.

"But this is the problem. The big banks who dominate the savings market pay
some of the worse rates on their live accounts, yet savers still deposit
funds with them. It is tricky to see how the SEAR could help savers with
cash in the High Street banks, in the current market," she said.

"Savers need to vote with their feet to really improve the interest they are
earning."--BBC

LCF investors see compensation hopes dashed

Thousands of first-time investors who lost their savings after investing
with London Capital & Finance (LCF) have been told it is unlikely they will
qualify for compensation.

Nearly 12,000 people put £236m into the firm which collapsed a year ago.

The Financial Services Compensation Scheme (FSCS) has announced the majority
of people "will not be eligible for compensation".

It is a body blow to many investors, some of whom lost their life savings.

Their hopes were raised last May when the FSCS took the unexpected step of
saying it would investigate whether or not people might be refunded.

The FSCS was set up by the government to protect consumers if UK-regulated
firms went bust.

But while people who receive misleading financial advice are generally able
to apply to the FSCS for compensation, it has told the BBC's Money Box
programme that in this case, most LCF investors were given "incorrect
information", not misleading advice.

That is a key distinction which it says means the majority of investors will
not qualify for compensation.

Potential investors say they were told by LCF marketing staff about how
their money would be protected, that the mini-bond products they were
investing in were regulated by the Financial Conduct Authority and that
their money was safely invested in dozens of companies to spread the risk -
none of which was true

'Heartbreaking'

Nathan Brown, 29, invested £25,000 of savings with LCF as a nest egg for his
future: "I think it's absolutely devastating and heartbreaking for the
11,605 investors in LCF.

"Having been previously led on by the FSCS and the tone of their
announcement, that would allude to a much larger proportion of investors
being compensated, but it's become quite clear they don't agree."

The FSCS has said it will protect 159 investors who switched from stocks and
shares Isas to LCF bonds.

But while it has said it will review claims on a case-by-case basis, most
investors are unlikely to be eligible to claim for compensation from the
scheme because of the distinction about being given "incorrect information"
instead of misleading advice.

LCF controversy

LCF advertised itself as a low-risk Isa and promised to spread funds from
the sale of mini-bonds between hundreds of companies.

In reality, the fund did not qualify as an Isa and the money was invested in
just 12 companies, 10 of which were described as "not independent" from LCF
in a report by the fund's administrators.

The Serious Fraud Office is conducting a probe into individuals associated
with LCF.

The company's administrators, Smith & Williamson, released a report in March
2019 which found that:

There were a number of "highly suspicious transactions" involving a "small
group of connected people" which led to large sums of investors' money
ending up in their "personal possession or control"

A large number of borrowers do not appear to have sufficient assets to pay
back LCF investors

Some transactions were "highly suspicious" or had "no commercial benefit" to
investors

Investors' money was loaned to a complex web of companies, many of which
were controlled by people involved in LCF

A quarter of all the money invested was paid straight to LCF's marketing
company, Surge.

The majority of people who invested will now be pinning their hopes of
getting any money back on the administrators of LCF, Smith & Williamson.

They have regularly revised how much money they hope to realise from the
firm's assets, but the amount currently stands at 20-25%.

It is also likely to be a long process, with investors being warned it could
be many more months before any of that money hits their accounts.--BBC

Transport for Wales: KeolisAmey fined £2.3m for poor performance

The train company contracted to run Transport for Wales services,
KeolisAmey, has been fined £2.3m by the Welsh Government for poor
performance.

Economy minister Ken Skates said the penalty notices were "vital", saying
the company had not lived up to what was agreed.

Recent improvements must continue, he added. The company took over the £5bn
franchise in October 2018.

KeolisAmey apologised for the disruption of the last few months.

It is not clear when the fines were imposed. Transport for Wales said it was
a "overall sum" imposed over "different periods", with fines issued on a
periodic basis.

The company was awarded the Wales and Borders franchise by the Welsh
Government in 2018.

New timetable blamed for train cancellations

160 trains 'miss stops each day'

Why Wales' quietest station got busier

The day-to-day contract is managed by Transport for Wales - a part of Welsh
Government which also provides the branding the train services use.

In December the organisation saw cancellations following the introduction of
a new timetable. The company blamed staff shortages.

"So far, something in the region of £2.3m in penalty notices have been
issued to KeolisAmey," Mr Skates told the assembly's economy committee.

He said the money would be reinvested in rail services.

Transport for Wales said the fines were triggered because the operator had
not met agreements for the subsidy it gives it.

The cash has been paid by deducting it from the subsidy, TfW said.

"A key challenge has been due to a shortage of fleet available to operate on
a day-to-day basis," a spokesman added.

Trains have been out of service due to modifications for people with reduced
mobility, internal and external refurbishments and work to install wheel
slip protection before the Autumn leaf fall.

Recently extra capacity has been provided for 6,500 more passengers.

Vikki Howells, Labour AM for Cynon Valley, told the committee she was
dealing with constituents who faced disciplinary action in work because of
their lateness, have lost wages and had to spend cash on bus fares because
of recent disruption.

Simon Jones, Welsh Government director of economy infrastructure, told her a
measure called "passenger time lost" had "driven" some of the penalty
notices.

He said it focuses on the "busiest journeys" - creating more of a problem
for the train company if there were problems at rush hour.

Mr Skates said the proportion of trains arriving within three minutes of the
scheduled time had improved by 6% in the "latest period".

That has increased to 76.1%, but the minister said that was against a target
of 77%.

He did not want to be issuing penalty notices. "However it is something I
feel is absolutely vital in order to incentivise better performance and to
ensure passengers know when performance is not what people expect money is
being returned.

"Performance has not been what has been expected and has not lived up to
what the contract stated and what was agreed."

He told the committee the contract with KeolisAmey includes a break clause.

"If failure was to be seen in the future of course we would have to respond
accordingly by looking at the contract," he added.

'Encouraging'

Kevin Thomas, chief executive of KeolisAmey Wales, apologised for the
disruption of the past few months.

"We recognise that we have not been able to deliver the quality of service
that we aim to and that our passengers across the network deserve," he said.

"It is encouraging to report that we are starting to see some improvements,
with a 24% reduction in network delay minutes following the introduction of
our December timetable.

"We have welcomed the arrival of the Class 170's, the recruitment of over
200 additional train crew and the introduction of more than 186 new Sunday
services."

Caerphilly Labour AM Hefin David welcomed the fines: "I have had assurances
from Transport for Wales that things are set to get better through 2020 and
I will be monitoring this as a committee member and in my
constituency."--BBC

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

Companies under Cautionary

Bindura Nickel Corporation

Padenga Holdings

Delta Corporation

Meikles Limited

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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 

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