Bulls n Bears Investors Notebook Issue 415: 20 January 2020

Mon Jan 20 23:19:30 CAT 2020

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Bulls n Bears Investors Notebook Issue 415: 20 January 2020

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Retailers defy VAT directive   

Some businesses across the country are yet to comply with Government's
directive to reduce value added tax (VAT) to 14,5 percent. Last year,
Treasury ordered the reduction of VAT by 0,5 percent, but receipts from some
retail outlets show the tax is still pegged at 15 percent. Confederation of
Zimbabwe Retailers Association (CZRA) president Denford Mutashu acknowledged
some members were yet to comply.  <http://www.bulls.co.zw/> Read more >

CFI minorities suffer in turf war   

The proverb "When elephants fight, it is the grass that suffers" rings true
for Zimbabwe Stock Exchange listed (ZSE) listed CFI Holdings' minorities who
have been denied opportunity to trade in their shares for over 12 straight
months. Trading in CFI shares was suspended by the ZSE's Listing Committee
in January last year over delinquency, mainly failure to comply with the
exchange's listing rules, breaches caused by wrangling between two major
shareholders.  <http://www.bulls.co.zw/> Read more >

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

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

Seed Co focuses on value preservation   

Zimbabwe's biggest seed processor, Seed Co Limited, says the firm's key
focus going forward will be retaining value as well as implementing pricing
model that enables restocking of product. A sustainable pricing model is key
for both the group and the market due to the importance of the product and
its impact on the agriculture sector.  <http://www.bulls.co.zw/> Read more >

BNC injects $3m in projects   

ZIMBABWE Stock Exchange listed nickel miner, Bindura Nickel Corporation
(BNC), spent US$3 million in capital projects in the half year period to
September 2019. Capex projects executed in the said period by the nickel
miner encompass shaft deepening, purchase of load haul dumps (LHD's) and
dump trucks.  <http://www.bulls.co.zw/> Read more >

Building a greener future   

Designers at Schools and Colleges Permaculture (Scope) Zimbabwe say they
have constructed the sort of building that many may regard as impossible.
Zero-carbon buildings or those type of buildings that significantly minimise
carbon emissions - may slowly be starting to gain recognition, but they are
still regarded as costly and impractical in some quarters.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

'Debt forgiveness crucial for Zim'   

AS the country's central bank and treasury chiefs head to the forthcoming
World Economic Forum in Davos, Switzerland next week, Imara Asset Management
(Imara) says the country is in desperate need of a fresh capital injection
and debt forgiveness. The respected asset firm pointed out that while Harare
has listed counters creating value for shareholders under tough operating
conditions, it remained crucial for the country's creditors, especially
multilateral lenders, to extend an olive branch to Zimbabwe.
<http://www.bulls.co.zw/> Read more >

Environment levy for miners on the cards   

GOVERNMENT has said an  environmental rehabilitation levy is on the cards
targeting the mining sector, which is blamed for severely damaging the
environment. In an interview last week, Environment, Tourism and Hospitality
Industry Minister Mangaliso Ndlovu said he had come face-to-face with
excessive environmental damage caused by mining activities..
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Chivi road upgrade to resume   

Part of the Mhandamabwe-Shurugwi Highway will be upgraded after Government
agreed with the contractor to continue works for a further 20 kilometres.
The road is in a bad state and a spate of accidents have been recorded.
Government awarded Bitumen Construction the tender to upgrade the road
starting from Chibi Turn-Off to Mhandamabwe. <http://www.bulls.co.zw/> Read
more >

Zim firm invests in Rwanda dairy   

The Rwandan government has found a buyer for Burera Dairy Limited which was
floated into the market in September last year. The government held 98.03
percent stake in the firm which was established in 2016 at a cost of Rwf488
million (US$528 000) to boost dairy farming in the area. Government stake
was last week sold to African Solutions Private Ltd (Afrisol), a Zimbabwean
firm which has been investing in the country over the past two years.
<http://www.bulls.co.zw/> Read more >

NRZ/Bots Railways in strategic partnership talks   

THE National Railways of Zimbabwe (NRZ) and the Botswana Railways (BR) will
soon enter into a strategic partnership to provide passenger train service
linking Gaborone and Harare to promote regional integration. At the moment,
BR offers passenger train service between Gaborone and Bulawayo.
<http://www.bulls.co.zw/> Read more >

AfDB launches non-sovereign operations policy   

THE African Development Bank (AfDB) has launched a non-sovereign operations
(NSO) policy which seeks to render direct support to private sector
development on the continent over the next 10 years. NSO refers to financing
and investment operations that are not guaranteed by a State, covering
mostly private sector transactions.  <http://www.bulls.co.zw/> Read more >

SA/Zim one-stop border post long overdue   

THE smooth movement of people and cargo through the country's ports of entry
has been one of Government's top priorities in its efforts to attract
investment and promoting international trade. In the last decade, Sadc
nations, among them Zimbabwe have been working on a raft of measures to
remove barriers to trade and in the movement of people within its borders.
<http://www.bulls.co.zw/> Read more >

Tshikwalakwala Irrigation Scheme rehab begins   

GOVERNMENT and its partners have started rehabilitating Tshikwalakwala
Irrigation Scheme in Beitbridge East constituency, some 135km out of the
border town. Some farmers reportedly started pulling out of the project
after failing to repair four irrigation pumps and fence which were destroyed
by floods in 2013/14 rainy season. <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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