Bulls n Bears Investors Notebook Issue 538: 17 July 2020

Fri Jul 17 08:08:57 CAT 2020

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Bulls n Bears Investors Notebook Issue 538: 17 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

Zimbabwe economy to shrink by 4.5% this year on COVID-19, drought

HARARE (Reuters) - Zimbabwe's economy is expected to shrink by 4.5% this
year owing to the fallout from the COVID-19 pandemic and a brutal climate
change-related drought, the finance minister.
<http://www.bulls.co.zw/2020/07/17/zimbabwe-economy-to-shrink-by-4-5-this-ye
ar-on-covid-19-drought/> Read more >

Incentives to lure investors to Vic Falls bourse dangled

The Government yesterday announced incentives aimed at attracting offshore
capital on the Victoria Falls Securities Exchange (VFSE) to be launched
soon. These include exception from certain taxes including capital gains.
<http://www.bulls.co.zw/2020/07/17/incentives-to-lure-investors-to-vic-falls
-bourse-dangled/> Read more >

 <mailto:info at bulls.co.zw> 

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

2pc tax extended to forex transactions

Treasury has extended the Intermediated Money Transfer Tax, more commonly
known as the 2 percent tax, to foreign currency transactions. Earlier this
year, Government legalised the use of the United.
<http://www.bulls.co.zw/2020/07/17/2pc-tax-extended-to-forex-transactions/>
Read more >

Inflation to drop 62pc

ANNUAL inflation is expected to gradually decline in the second half of this
year and plunge 62 percent to 300 percent by the end of year in response to
current. <http://www.bulls.co.zw/2020/07/17/inflation-to-drop-62pc/> Read
more >

Low-income earners exempted from paying tax

People earning under $5 000 a month will no longer pay income tax from next
month after Finance and Economic Development Minister Professor Mthuli Ncube
yesterday more than doubled the.
<http://www.bulls.co.zw/2020/07/17/low-income-earners-exempted-from-paying-t
ax/> Read more >

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

Foreigners desert ZSE

Faltering economic performance has resulted in foreign investors losing
interest to invest on the Zimbabwe Stock Exchange, as both value and volume
of shares traded by foreigners in the first.
<http://www.bulls.co.zw/2020/07/17/foreigners-desert-zse/> Read more >

New mines to drive middle class vision

President Mnangagwa is convinced the vision of an upper middle income
economy was still possible by 2030, and noted that new mining investments in
Hwange area will transform the lives.
<http://www.bulls.co.zw/2020/07/17/new-mines-to-drive-middle-class-vision/>
Read more >

 <mailto:info at bulls.co.zw> 

Auction trading system outperforms expectations

Following the recent introduction of the foreign exchange trading system on
June 23, 2020, the market sentiment was mixed. We predicted that the
authorities had adopted the correct approach and.
<http://www.bulls.co.zw/2020/07/17/auction-trading-system-outperforms-expect
ations/> Read more >

Mid-term Budget and Economic Review

Introduction Mr Speaker Sir, I have already alluded to the severity of the
Covid-19 pandemic and its consequences on the macroeconomic environment. We
are faced with a huge task to.
<http://www.bulls.co.zw/2020/07/17/mid-term-budget-and-economic-review/>
Read more >

Economy set for 2021 recovery

The Zimbabwe economy is anticipated to recover and record GDP growth of
about 7,4 percent in 2021 before moderating to around 5 percent thereafter,
according to Finance and Economic Development.
<http://www.bulls.co.zw/2020/07/17/economy-set-for-2021-recovery/> Read more
>

Old Mutual: Confirmation bias won't cut it

That economic players in the country have been using the Old Mutual implied
rate to determine the exchange rate to use in trading foreign currency and
pricing their products is.
<http://www.bulls.co.zw/2020/07/17/old-mutual-confirmation-bias-wont-cut-it/
> Read more >

Mining firms urged to develop infrastructure

President Mnangagwa has called on mining companies operating in the country
to partake in infrastructure development as they utilise rich deposits for
the benefit of communities they operate in. President.
<http://www.bulls.co.zw/2020/07/17/mining-firms-urged-to-develop-infrastruct
ure/> Read more >

Mines and Minerals Act amendment nears completion

GOVERNMENT is finalising amendments to the Mines and Minerals Act to align
it with internationally competitive and supportive law, Information,
Publicity and Broadcasting Services Minister Monica Mutsvangwa has said.
The.
<http://www.bulls.co.zw/2020/07/17/mines-and-minerals-act-amendment-nears-co
mpletion/> Read more >

Edgars appoints new CEO

LISTED clothing retail chain, Edgars Stores Limited has appointed a new
chief executive officer Ms Tjeludo Ndlovu taking over from Mrs Linda
Masterson who has retired. The appointment is with.
<http://www.bulls.co.zw/2020/07/17/edgars-appoints-new-ceo/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

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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