Bulls n Bears Investors Notebook Issue 420: 25 January 2020

Sat Jan 25 10:17:36 CAT 2020

 <http://www.bulls.co.zw/> Bulls.co.zw
<mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments
<http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 420: 25 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

RBZ Rolls Out $800M To Capacitate Productive Sector Entities

The Reserve Bank of Zimbabwe has so far released ZWL$800 million to
capacitate entities in the country's productive sectors. The facility has
been described by Confederation of Zimbabwe Industries (CZI) President, Mr
Henry Ruzvidzo as progressive. He said: We are encouraged by the efforts
being made with regards to capacitate our industries and this will go a long
way in achieving the country's vision.  <http://www.bulls.co.zw/> Read more
>

Cartel Uses Zimbabwe Import Licence To Purchase Fuel From SA And Resell It
In SA

Business Times has reported that the National Oil Infrastructure Company
(NOIC) is investigating a scandal in the energy sector after a "cartel"
reportedly used Zimbabwe Import Licence to purchase fuel from South Africa
and then resold it in South Africa at a higher price instead of the intended
destination, Zimbabwe. The cartel is reportedly purchasing the fuel at R6
per litre and resells the fuel at R14 in South Africa despite the acquittal
of fuel import forms at Beitbridge Border Post that the fuel would have
crossed into Zimbabwe. <http://www.bulls.co.zw/> Read more >

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

Zimbabwe Suspends "With Immediate Effect" The Issuance Of Fishing Licences
In Lake Kariba

The government of Zimbabwe has with immediate effect suspended the issuance
of fishing licences in Lake Kariba citing overfishing in the Lake. The
development was confirmed by Zimbabwe Parks and Wildlife Management
Authority spokesperson Mr Tinashe Farawo who revealed that kapenta fishing
rigs in the Lake now exceeded the recommended number. He said: We can
confirm that registration of new kapenta rigs will no longer be approved.
The rigs which are operating in Lake Kariba have reached the maximum
required number.  <http://www.bulls.co.zw/> Read more >

RBZ Warns Exchange Rates Manipulators

The Reserve Bank of Zimbabwe has issued a stern warning against those it
calls currency manipulators who are putting pressure on the forex market
intending to destabilise it. The central bank said it has escalated the
issue with the FIU to investigate and freeze the accounts of those involved.
<http://www.bulls.co.zw/> Read more >

RBZ misses cash target   

The Reserve Bank of Zimbabwe (RBZ) said yesterday about $1,1 billion in cash
was in circulation  at the end of December 2019, about $2 billion short of
the target it had set to have in the market by then.Zimbabweans are still
battling cash shortages even after the  re-introduction of a local currency
last year. Hopes were high that cash shortages, which have persisted for up
to  five years, would be a thing of the past with the country having its
own currency. <http://www.bulls.co.zw/> Read more >

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

David Whitehead investor to raise stake   

AGRI Value Chain Zimbabwe (AVCZ) is set to raise its shareholding in David
Whitehead Textile (DWT) after some minority shareholders agreed to dispose
of their stake. AVCZ initially acquired 51 percent stake, which was held by
Elgate Holdings in May last year for $5,4 million. Elgate had failed to
fully pay for the shares more than a decade after signing a share
subscription agreement with DWT. The agreement was terminated in April last
year on the basis of "non-performance" by Elgate. The High Court ordered the
concession for the purchase of shares be revoked. <http://www.bulls.co.zw/>
Read more >

Smelter for Great Dyke project this year - Envoy   

Construction of a smelter at Great Dyke Investments, a joint venture
platinum mining company between Zimbabwe and Russia, is expected to start
this year, an envoy said on Thursday. The project is a joint venture between
the Zimbabwe Mining Development Corporation and Russian investors VPB Bank
and Rustec to mine platinum in Darwendale, about 62 kilometres west of
Harare. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

GMAZ engages truckers for maize imports   

The Grain Millers Association of Zimbabwe (GMAZ) has called upon local road
transporters to provide cross boarder services for its maize import
programme to quickly bring in maize into the country. The move follows after
GMAZ recently imported 50 000 tonnes of maize from South Africa,
complementing government efforts to try and save people from starving, as
the country anticipates drought. <http://www.bulls.co.zw/> Read more >

Unki Platinum output rises   

Zimbabwean platinum producer Unki Platinum's 2019 platinum output rose by 4
percent to 89,400 ounces (oz) from 85,900 oz in 2018. For the fourth quarter
of 2019 production declined 2 percent to 23,300 ounces (oz) from 23,700oz in
the previous quarter. But in terms of a year-on-year quarterly comparison,
the local unit's fourth quarter output was up 6 percent compared to the 22
000oz produced in the prior comparable period in 2018..
<http://www.bulls.co.zw/> Read more >

Fresh threat to timber industry   

Zimbabwe is facing a fresh threat of timber shortage that might force
players to import after the Ministry of Mines and Mining Development, issued
grants to prospective miners on land gazetted for commercial timber
plantations in Manicaland Province, Business Weekly can review. It is
understood that the ministry recently parcelled out "huge portions" of
planted and unplanted land owned by Allied Timbers (Allied) to miners
seeking to prospect for gold and diamonds and reports say their activities
have already started decimating the forests. <http://www.bulls.co.zw/> Read
more >

Zim banks lose relevance   

Zimbabwean banks are finding it extremely difficult to play their critical
lending role with balance sheets having been significantly weakened by the
switch to domestic currency after years of using the US dollar as an anchor
currency, it has been learnt. The country outlawed the use of a basket of
foreign currencies including in June last year and adopted Zimbabwe dollar
as mono-currency. Zimbabwe had abandoned its local currency in February 2009
- rendered worthless due to galloping inflation.  <http://www.bulls.co.zw/>
Read more >

Listed retail firms feel inflationary pressures   

Prevailing foreign currency shortages in the country are expected to put
pressure on retail companies' ability to import for re-stocking as well as
acquiring raw materials. This comes as another challenge to an already
constrained industry due to the economic volatility, which is characterised
by inflationary pressures that have eroded consumer spend as well as erratic
power supplies, increasing firms' overheads.  <http://www.bulls.co.zw/> Read
more >

RBZ hikes minimum capital for banks   

THE Reserve Bank of Zimbabwe (RBZ) has set new US dollar linked minimum
capital requirements for banks and other financial entities, effectively
hiking the lowest regulatory capital thresholds for the banking sector. The
RBZ last year set 2020 minimum capital threshold for large indigenous
commercial and all foreign banks  at $200 million, but kept them at $25
million for small commercial, merchant and development banks, building
societies, finance and discount houses . <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 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

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 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200125/0e072faf/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 23676 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200125/0e072faf/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 37594 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200125/0e072faf/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 23061 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200125/0e072faf/attachment-0007.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 30139 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200125/0e072faf/attachment-0008.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200125/0e072faf/attachment-0009.jpg>