Bulls n Bears Investors Notebook Issue 419: 24 January 2020

Fri Jan 24 01:34:59 CAT 2020

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Bulls n Bears Investors Notebook Issue 419: 24 January 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

Zimbabwe central bank governor says inflation to fall to 50% by December

Zimbabwe's central bank governor said on Wednesday annual inflation was
expected to sharply fall to 50% by the end of this year, as the bank left
the main lending rate unchanged saying it was working to stabilise the
exchange rate and prices.-nasdaq.com  <http://www.bulls.co.zw/> Read more >

RBZ sets new capital requirements for banks

The Reserve Bank of Zimbabwe (RBZ) yesterday announced new US
dollar-benchmarked capital requirements for banks of up to US$30 million
which it says will ensure the stability of local financial institutions.
This comes as the Zimbabwe dollar continues to lose value due to lack of
market confidence, raising insolvency risk among banks.
<http://www.bulls.co.zw/> Read more >

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

AfDB approves US$700k for Zim's disaster risk management training

The Board of the African Development Fund has approved a $685,000 grant to
strengthen Zimbabwe's capacity to manage disaster risks, including droughts,
floods and tropical cyclones, through the Bank's Africa Disaster Risk
Financing (ADRiFi) programme. According to a statement from AfDB, the grant,
approved Wednesday this week, will cover training for various national
agencies involved in disaster risk management and financing and contingency
planning. <http://www.bulls.co.zw/> Read more >

Zim corruption rank still high at 158: Transparency International

HARARE - Zimbabwe is the 158th most corrupt country in the world, an
improvement of two places from the 2018 ranking, according to a report by
Transparency International (TI). According to the watchdog's 2019 Corruption
Perception Index (CPI), Zimbabwe's CPI score has moved for the first time
since 2017 to 24 from 22 out of 100. The regional score for Sub-Saharan
Africa came in at 32 which is 8 points higher than that of Zimbabwe. The
country has on average, since 2012, scored an average of 23.5 out of 100.
<http://www.bulls.co.zw/> Read more >

Mbada Diamonds bounces back?

The Supreme Court has ordered Marange Resources and the Zimbabwe Mining
Development Corporation (ZMDC) to apply for renewal licence for Mbada
Diamonds, which would enable it to resume operations, as the mining project
was terminated illegally. In a ruling issued on Tuesday, the apex appeal
court stated that Marange Resources, a state linked company and ZMDC should
apply for  renewal of the mining licence on behalf of Mbada Diamonds to the
Mines and Mining Development permanent secretary in line with the special
grant agreement signed between the parties in 2008.
<http://www.bulls.co.zw/> Read more >

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

RBZ warns exchange rate manipulators as street rate breaches 25x

HARARE - The Reserve Bank of Zimbabwe has issued a warning to foreign
currency dealers who are manipulating the exchange rate. This comes as
street rates have breached the 25x mark on Thursday. The interbank mid rate
is on 17.2204x  <http://www.bulls.co.zw/> Read more >

ZSE run continues as local investors play mid-caps

HARARE - (FinX) - The stock market rose across the board on Thursday
although unappealingly so as local investors continued to make a play mostly
for mid-cap stocks. The gains come as the street rates have breached the 25x
mark on 'suspected invisible hand' buying. Turnover for the day was Z$9.2
million, with three stocks accounting for 60.87% of the turnover. Telecoms
giant Econet led the turnover tables with $2.3 million, as tech giant
Cassava had $1.4 million. Mashonaland Holdings completed the million dollar
club as it earned $1.9 million in nine trades. <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

Zim economic turnaround possible: EU ambassador   

EUROPEAN Union (EU) Ambassador to Zimbabwe Mr Timo Olkkonen has said the
country has all the ingredients to achieve an economic rebound, adding that
the international investment climate is also favourable to the nation. Mr
Olkkonen said this during a Press briefing with journalists on Wednesday
evening in Bulawayo. <http://www.bulls.co.zw/> Read more >

Unethical retailers face blacklisting   

THE Confederation of Zimbabwe Retailers (CZR) says it will blacklist its
members that would be involved in side-marketing the roller meal from the
Government's subsidy programme. Of late, concerns have been raised that some
unethical retailers were channeling into the parallel market for arbitrage
opportunities, the mealie meal procured from the Grain Millers' Association
of Zimbabwe (GMAZ) under the Government's subsidy initiative.
<http://www.bulls.co.zw/> Read more >

Locals to pay forex for quick passports   

GOVERNMENT is working on regulations to allow locals with foreign currency
the option to pay for passports in forex in a bid to speed up the process
and clear the huge backlog. Home Affairs and Cultural Heritage Minister
Kazembe Kazembe said there is a passport backlog of between 350 000 and 400
000 passports.Last year, Government authorised the charging of US$318 for
passport applicants in the Diaspora and said the applications will be
prioritised.. <http://www.bulls.co.zw/> Read more >

Beitbridge modernisation project to begin   

MAJOR civil works on the $241 million Beitbridge modernisation project are
expected to begin next month with the contractors indicating having covered
a lot of ground on the pre-work commencement logistics. ZimBorders is
carrying out the project that is expected to be fully implemented under
three years, with initial works having begun last year.
<http://www.bulls.co.zw/> Read more >

Zim to premier at New York expo   

THE Zimbabwe Tourism Authority (ZTA) is set to premier at the New York Times
Travel Show which opens tomorrow in the United States of America. ZTA acting
chief executive officer Mr Givemore Chidzidzi said USA remains the leading
international source market for the local tourism sector with a total of 95
025 arrivals recorded in 2018. This is, however, a drop from 101 206
arrivals recorded in 2017 which ZTA has said is a cause for concern hence
the need for the authority to dig deeper into its bag of marketing gimmicks.
<http://www.bulls.co.zw/> Read more >

Millers maize imports start arriving   

THE Grain Millers' Association of Zimbabwe (GMAZ) says maize bought using
free funds has started arriving in the country with the association calling
upon local cross border transporters to facilitate in transporting the
grain. GMAZ has assured the nation that mealie-meal supply in the country
would stabilise in the next few weeks as necessary mechanisms have already
been put in place to complement Government's efforts in guaranteeing food
security in the country.. <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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