Bulls n Bears Investors Notebook Issue 532: 08 July 2020

Wed Jul 8 06:26:10 CAT 2020

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Bulls n Bears Investors Notebook Issue 532: 08 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

Covid-19 delays ZimCoke-Zisco deal

THE disruptive Covid-19 pandemic has resulted in the prolonged delays in
finalising the deal between ZimCoke and the now defunct steel giant, Zisco.
The infectious disease has also frustrated talks.
<http://www.bulls.co.zw/2020/07/08/covid-19-delays-zimcoke-zisco-deal/> Read
more >

Zim set for record wheat yield

Zimbabwean farmers planted over 42 000 hectares of winter wheat this year
and are likely to harvest more than half the annual requirement, legislators
heard yesterday. Secretary for Lands, Agriculture,.
<http://www.bulls.co.zw/2020/07/08/zim-set-for-record-wheat-yield/> Read
more >

 <mailto:info at bulls.co.zw> 

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

Exporters to get priority in forex allocation

Exporting and other strategic companies will be prioritised in accessing
foreign currency to boost their capacity and help the country earn even more
foreign currency, Foreign Affairs and International Trade.
<http://www.bulls.co.zw/2020/07/08/exporters-to-get-priority-in-forex-alloca
tion/> Read more >

Zinara introduces self-service machine

THE Zimbabwe National Road Administration (ZINARA) has introduced a
self-service vehicle licensing machine expected to bring convenience to the
motoring public. The self-service machine was deployed at the Eskbank
tollgate.
<http://www.bulls.co.zw/2020/07/08/zinara-introduces-self-service-machine/>
Read more >

Forex auction-local unit slowly finding its true value

The Reserve Bank of Zimbabwe`s third foreign currency auction yesterday
closed with the exchange rate sliding modestly 3.2 percent to $65,8 against
the greenback, as the local unit continues to.
<http://www.bulls.co.zw/2020/07/08/forex-auction-local-unit-slowly-finding-i
ts-true-value/> Read more >

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

Poor capacity stifles NRZ business growth

THE National Railways of Zimbabwe (NRZ) is struggling to satisfy customer
needs due to crippled capacity, which hinders the company's business growth.
Within the first six months of the year,.
<http://www.bulls.co.zw/2020/07/08/poor-capacity-stifles-nrz-business-growth
/> Read more >

Stanbic urges farmers to insure livestock

As Zimbabwe continues to face various challenges in its agricultural sector
brought about by climatic change and other natural forces, Stanbic Bank has
implored farmers to take advantage of its.
<http://www.bulls.co.zw/2020/07/08/stanbic-urges-farmers-to-insure-livestock
/> Read more >

 <mailto:info at bulls.co.zw> 

Russian firm nears deal for Arcadia lithium mine

Russian firm and global energy giant, Uranium One, is closing in on a
potential, equity deal and 51 percent off-take agreement with Zimbabwe
lithium mine, Arcadia, owner Prospect Resources. The.
<http://www.bulls.co.zw/2020/07/08/russian-firm-nears-deal-for-arcadia-lithi
um-mine/> Read more >

African Sun improves profitability

Hospitality group, African Sun, managed to sidestep a dip in occupancy
levels in 2019 to improve profitability for the year. The group has reported
a 68 percent jump in inflation.
<http://www.bulls.co.zw/2020/07/08/african-sun-improves-profitability/> Read
more >

Govt seeks gold partnerships

Government is courting private sector players in the development and rolling
out of gold centres across the country's eight mining provinces as it seeks
to ramp up production from small.
<http://www.bulls.co.zw/2020/07/08/govt-seeks-gold-partnerships/> Read more
>

IDBZ identifies 15 000ha for irrigation projects

The feasibility study for the development of irrigation projects around
Tugwi-Mukosi, the country's largest inland dam, has identified about 15 000
hectares of irrigable land out of the 20 000ha.
<http://www.bulls.co.zw/2020/07/08/idbz-identifies-15-000ha-for-irrigation-p
rojects/> Read more >

Zela red flags Rio thermal project

RIO Energy Limited's US$3 billion thermal power plant in Zimbabwe is a
"stranded asset" given that coal is a finite resource facing a complete ban
for contributing towards climate change, a recent report by lobby groups has
shown. Rio Energy Ltd, a subsidiary of the Zimbabwe Stock Exchange-listed
RioZim plans to build a 2 100-megawatt thermal power plant in partnership
with China Gezhouba Group Corp in northern Zimbabwe at a projected cost of
US$3 billion. The plant will be fired from RioZim's coalfields in Sengwa
with proven ore reserves in excess of 525 million tonnes, enough to "support
a 10 000-megawatt plant," according to Caleb Dengu, chairman of Rio Energy.
<http://www.bulls.co.zw/> Read more >

ZCDC seeks prospecting rights for gems in Mash East

STATE-owned Zimbabwe Consolidated Diamond Company (ZCDC) has applied for
exclusive diamond prospecting rights in an area covering 38 573 hectares
located in Chihota, Mashonaland East province. In a general notice 1 093 of
2020, government said: "It is hereby notified, in terms of section 87(4) of
the Mines and Minerals Act Chapter 21:05 that Zimbabwe Consolidated Diamond
Company Private Limited has applied to the Mining Affairs Board for an
exclusive prospecting order, over an area described in the schedule in the
Mashonaland East mining district in relation to map reference Chegutu SE
36-9 second edition and of the scale 1:250 000, produced by the surveyor
general." <http://www.bulls.co.zw/> Read more >

Goat producers hard hit by economic decline

THE total number of goats slaughtered at abattoirs monitored by the
Department of Crop and Livestock dropped by 60% to 2 877 in the first
quarter of this year due to economic volatility in the country, official
statistics show. Data gathered from the Livestock and Meat Advisory Council
(Lmac) shows that the number of goats slaughtered in the first quarter of
this year decreased by 60% and 76% over the corresponding periods in 2019
and 2018, respectively with the cost of processing through formal abattoirs
believed to be a major deterrent. "Monthly goat slaughter patterns continue
to reflect a high rate of volatility, indicative of the absence of
substantive organised large-scale goat production in the country," Lmac said
in its latest market watch report. <http://www.bulls.co.zw/> 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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