Bulls n Bears Investors Notebook Issue 529: 02 July 2020

Thu Jul 2 14:49:59 CAT 2020

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Bulls n Bears Investors Notebook Issue 529: 02 July 2020

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Cabinet approves revised Gwanda solar project

CABINET on Tuesday approved the revised implementation plan for the 100
megawatt (MW) Gwanda solar project that commits to deliver the first 10MW
within six months after signing of financial.
<http://www.bulls.co.zw/2020/07/02/cabinet-approves-revised-gwanda-solar-pro
ject/> Read more >

RTG buys back $16,7m debentures

Hospitality firm, Rainbow Tourism Group Limited (RTG), has announced plans
to buy back $16,68 million worth of debentures issued in 2018. The debenture
redemption has been necessitated by depreciation of.
<http://www.bulls.co.zw/2020/07/02/rtg-buys-back-167m-debentures/> Read more
>

 <mailto:info at bulls.co.zw> 

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

Covid-19 not holding us back: CBZ

LISTED financial services group, CBZ Holdings, says the Covid-19 pandemic
has not had any effects on the group's ability to access lines of credit
because such funding is demand driven..
<http://www.bulls.co.zw/2020/07/02/covid-19-not-holding-us-back-cbz/> Read
more >

Digital services bolster Ecobank operations

PAN-African banking group, Ecobank Transactional Incorporated (ETI), the
parent company to Ecobank Zimbabwe, says the adoption of digital services
has enhanced business resilience amid the disruptive impact of Covid-19.
With.
<http://www.bulls.co.zw/2020/07/02/digital-services-bolster-ecobank-operatio
ns/> Read more >

Edcon extends deadline

Edcon's administrators extended a deadline for offers for the three main
divisions of South Africa's second-largest clothes retailer, whose sales
suffered from pandemic restrictions. Binding offers are now expected in.
<http://www.bulls.co.zw/2020/07/02/edcon-extends-deadline/> Read more >

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

JSE fines Tongaat Hulett

The Johannesburg Stock Exchange (JSE) has fined sugar producer Tongaat
Hulett R7,5 million and publicly censured it for publishing financial
statements that contained errors. "Tongaat Hulett notes and accepts both.
<http://www.bulls.co.zw/2020/07/02/jse-fines-tongaat-hulett/> Read more >

Fuel price unchanged

Energy sector regulator, the Zimbabwe Energy Regulatory Authority (Zera)
said yesterday fuel prices remain unchanged this week despite the local
currency depreciating by 11 percent against the United States dollar..
<http://www.bulls.co.zw/2020/07/02/fuel-price-unchanged/> Read more >

 <mailto:info at bulls.co.zw> 

Partial tourism sector re-opening hailed

THE Zimbabwe Tourism Authority (ZTA) has welcomed further relaxation of the
national lockdown under level two saying the move is a positive step towards
full re-opening of the tourism sector..
<http://www.bulls.co.zw/2020/07/02/partial-tourism-sector-re-opening-hailed/
> Read more >

Zim financial economist develops currency confidence index

SOUTH Africa-based Zimbabwean financial economist and award winning central
banker, Mr Collet Ndlovu, has developed an innovative currency confidence
measurement model to assist monetary authorities in management of inflation
and.
<http://www.bulls.co.zw/2020/07/02/zim-financial-economist-develops-currency
-confidence-index/> Read more >

Consultations under way on suspended Zim Stock Exchange

CONSULTATIONS are under way following Government's decision to suspend
trading on the Zimbabwe Stock Exchange (ZSE) amid concerns the bourse was
being abused by some players to manipulate the exchange.
<http://www.bulls.co.zw/2020/07/02/consultations-under-way-on-suspended-zim-
stock-exchange/> Read more >

Zim cracks down on illegal miners.. Targets miners in protected areas

The Government has started a process of removing illegal miners in protected
areas including national parks and forest estates, a senior official has
said, in a move also expected to.
<http://www.bulls.co.zw/2020/07/02/zim-cracks-down-on-illegal-miners-targets
-miners-in-protected-areas/> Read more >

RBZ hikes bank policy rate

The Reserve Bank of Zimbabwe (RBZ) on Tuesday more than doubled the bank
policy rate in order to curb speculative borrowing, support smooth
functioning and sustainability of the foreign exchange.
<http://www.bulls.co.zw/2020/07/02/rbz-hikes-bank-policy-rate/> Read more >

City of Harare in parking fees climbdown

City of Harare has backtracked on its new parking tariff that would have
seen motorists paying US$1 per hour for on-street parking. In a terse
statement, the city said; "Council.
<http://www.bulls.co.zw/2020/07/02/city-of-harare-in-parking-fees-climbdown/
> Read more >

PPPs to revamp embassies : SB Moyo

Public-private partnerships (PPPs)are seen as a way to repair and revamp
Zimbabwean embassies, while the Ministry of Foreign Affairs and
International Trade is pushing hard to pay arrears in diplomats'.
<http://www.bulls.co.zw/2020/07/02/ppps-to-revamp-embassies-sb-moyo/> Read
more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

Ariston

AGM

Boardroom, 306 Hillside Road, Msasa Woodlands

07 Jul 2020 : 1100

Dawn Properties

AGM

Ophir Room, Monomotapa Hotel, 54 Park Lane

09 Jul 2020 : 0900

Mash

AGM

Virtual, Boardroom, 19th Floor, ZB Life Towers, 77 Jason Moyo Avenue

09 Jul 2020 : 1200

REST OF AFRICA

Counters Trading Under Cautionary

Africansun

RioZim

CBZH

Turnall

Dawn

Unifreight

Falgold

Zimplow

Zimre

Fidelity

FM Holdings

ZPI

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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