Bulls n Bears Investors Notebook Issue 536: 15 July 2020

Wed Jul 15 08:08:10 CAT 2020

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Bulls n Bears Investors Notebook Issue 536: 15 July 2020

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

GB Holdings

AGM

Cernol Chemicals Boardroom, Willowvale

15 July 2020 | 11:30am

TSL

AGM

virtual

15 July 2020 | 12pm

Quotable Quote:

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

Cotton farmers switch to bank accounts

Following the suspension of bulk mobile payments by the Reserve Bank of
Zimbabwe on suspicion that they were fuelling foreign exchange market
activities, cotton farmers are now switching to bank.
<http://www.bulls.co.zw/2020/07/15/cotton-farmers-switch-to-bank-accounts/>
Read more >

Invictus Energy completes placement with strategic investor

AUSTRALIA Stock Exchange (ASX) listed junior oil and gas exploration company
advancing the Muzarabani project in Zimbabwe, Invictus Energy, has completed
the placement for an equivalent AUD$0,44 million with Mangwana.
<http://www.bulls.co.zw/2020/07/15/invictus-energy-completes-placement-with-
strategic-investor/> Read more >

 <mailto:info at bulls.co.zw> 

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

Economy to emerge stronger in 2021: AfDB

The African Development Bank (AfDB) has predicted that Zimbabwe's economy
will steadily recover next year following the devastating effects of the
Covid-19 pandemic and adverse weather conditions, which crippled
productivity.
<http://www.bulls.co.zw/2020/07/15/economy-to-emerge-stronger-in-2021-afdb/>
Read more >

Tourism restart boost for ZimParks

The Zimbabwe Parks and Wildlife Authority (ZimParks) is set to get a boost
in its conservation operations after the Government approved the restart of
tourism activities which had been put.
<http://www.bulls.co.zw/2020/07/15/tourism-restart-boost-for-zimparks/> Read
more >

4 customs dry ports designated

Government has designated Masvingo, Bulawayo, Makuti and Mutare as the
country's customs dry ports, according to a Statutory Instrument 55 of 2020
gazetted by Finance and Economic Development Minister Mthuli.
<http://www.bulls.co.zw/2020/07/15/4-customs-dry-ports-designated/> Read
more >

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

Zim loses US$1bn to smuggling annually

Smuggling, ineffective border controls and customs loopholes at Beitbridge
Border Post might be costing Zimbabwe nearly a US$1 billion a year in unpaid
customs duty, industry leaders and authorities confirmed..
<http://www.bulls.co.zw/2020/07/15/zim-loses-us1bn-to-smuggling-annually/>
Read more >

President to tour Hwange projects

President Mnangagwa is expected to embark on a two-day visit to Hwange
starting tomorrow, where he is set to tour a number of projects. The coal
sector, which was previously.
<http://www.bulls.co.zw/2020/07/15/president-to-tour-hwange-projects/> Read
more >

 <mailto:info at bulls.co.zw> 

Economy on track: Envoy

PRESIDENT Mnangagwa will deliver Zimbabwe to the promised land because of
his clear economic vision, his tough anti-corruption stance and his sound
re-engagement drive, Tanzanian Ambassador to Zimbabwe Professor Emmanuel.
<http://www.bulls.co.zw/2020/07/15/economy-on-track-envoy/> Read more >

Foreign currency auction rate eases to $68:1

The Zimbabwe dollar eased by a modest 4.6 percent to $68.88 from $65.80 in
the fourth foreign currency auction yesterday with the range between the top
bid and the lowest.
<http://www.bulls.co.zw/2020/07/15/foreign-currency-auction-rate-eases-to-68
1/> Read more >

3 000ha ready for winter maize

More than 3000 hectares of irrigated land has been prepared for a winter
crop of maize and traditional grains in the Lowveld in a joint venture
between Government and private.
<http://www.bulls.co.zw/2020/07/15/3-000ha-ready-for-winter-maize/> Read
more >

Zim got US$924 million in remittances in 2019

Secondary Income, the bulk of which were remittances, helped Zimbabwe record
a current account surplus for the first time in years according to the 2019
Annual Budget and Economic Review.
<http://www.bulls.co.zw/2020/07/15/zim-got-us924-million-in-remittances-in-2
019/> Read more >

'Set up forex bourse for Old Mutual shares'

ZANU PF has proposed setting up a stock market trading in US dollars so Old
Mutual shares could be transferred from the Zimbabwe Stock Exchange and end
problems caused by.
<http://www.bulls.co.zw/2020/07/15/set-up-forex-bourse-for-old-mutual-shares
/> Read more >

Banks have capacity to lend corporates

Local banks have significant financial capacity to lend to corporates that
require working capital to support recovery from the Covid-19 pandemic,
recent economic research findings have revealed. The last available.
<http://www.bulls.co.zw/2020/07/15/banks-have-capacity-to-lend-corporates/>
Read more >

TSL mulls regional expansion

Listed diversified firm, TSL Limited, is mulling regional expansion a move
that will enhance its foreign currency exposure at a time Zimbabwe is
experiencing limited access. This comes as the.
<http://www.bulls.co.zw/2020/07/15/tsl-mulls-regional-expansion/> Read more
>

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

GB Holdings

AGM

Cernol Chemicals Boardroom, Willowvale

15 July 2020 | 11:30am

TSL

AGM

virtual

15 July 2020 | 12pm

BAT

AGM

Cresta Lodge, Msasa

16 July 2020 | 10am

African Sun

AGM

Virtual

16 July 2020 | 12pm

Masimba

AGM

Virtual

21 July 2020 | 12pm

Proplastics

AGM

Virtual

23 July 2020 | 10am

NMB

AGM

Virtual

28 July 2020 | 10am

FMP

AGM

Ground Floor, First Mutual Park, 100 Borrowdale Road, Borrowdale

29 July 2020 | 9:30am

FML

AGM

Ground Floor, First Mutual Park, 100 Borrowdale Road, Borrowdale

29 July 2020 | 11:30am

ZBFH

AGM

Board Room, 21 Natal Road, Avondale

30 July 2020 | 10:30am

OK Zimbabwe

AGM

Virtual

30 July 2020 | 3pm

ZHL

AGM

virtual

31 July 2020 |

Delta

AGM

Virtual, Head Office, Northridge Close, Borrowdale

31 July 2020 | 12:30pm

Zimbabwe

National Heroes Day

Zimbabwe

10  August 2020

Zimbabwe

Defence Forces' Day

Zimbabwe

11  August 2020

CBZ

AGM

Virtual

14  August 2020 | 6pm

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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