Bulls n Bears Investors Notebook Issue 548: 31 July 2020

Fri Jul 31 05:17:47 CAT 2020

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Bulls n Bears Investors Notebook Issue 548: 31 July 2020

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

Bulls 'n Bears Investors Diary: Today's Events

ZHL

AGM

virtual

31 July 2020 |

Delta

AGM

Virtual, Head Office, Northridge Close, Borrowdale

31 July 2020 | 12:30pm

Quotable Quote:

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

Zimbabwe Billionaire Struggles to Sell Telecom Asset

(Bloomberg) --The coronavirus pandemic is hampering efforts by Zimbabwean
billionaire Strive Masiyiwa to sell a stake in Africa's largest fiber
company. Masiyiwa is seeking buyers for 20% to 34% of Liquid
Telecommunications Holdings Ltd. for as much as $600 million, according to
four people with direct knowledge of the matter. He needs the money to repay
a $375-million loan that was backed by Public Investment Corp., the
continent's largest money manager, they said.  <http://www.bulls.co.zw/>
Read more >

Zim targets US$3bn power exports   

Zimbabwe's emerging power projects have the potential to earn at least US$3
billion in annual energy exports from the current position of energy
insufficiency, Mines and Mining Development Minister Winston Chitando has
said. Minister Chitando said this when he addressed a news conference in
Harare yesterday to give a summation of President Mnangagwa's two-day
working visits of coal mining and power generation projects in Hwange
earlier this month.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

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

Seed Co sowing seeds of growth in region   

Botswana Stock Exchange listed seed producer, Seed Co International Limited,
which is currently under suspension from trading on the Zimbabwe Stock
Exchange, expects to remain on the growth trajectory into the region despite
effects of Covid-19. Several leading financial houses have forecasts the
global economy to shrink due to Covid-19 induced lockdowns with global trade
expected to plunge by 15 percent this year compared to the previous year.
<http://www.bulls.co.zw/> Read more >

Billion-dollar used clothes industry tears apart textiles   

Three distinct features that confront one soon after stepping in any African
bustling city are the seamless flow of informal traders, an avalanche of
private taxis, with different monikers across the borders and a vibrant
second-hand clothing sector. Depending on the region, second hand clothes
markets known as "chigua", "mitumba", "salaula", "mazitye" or "bhero" have
become a 21st Century phenomena in Africa, with reports that it is a
billion-dollar industry, with hundreds of ships docking every day in some
African harbours to deliver huge consignments.  <http://www.bulls.co.zw/>
Read more >

Ambassador rallies Zimbabweans to invest in Mozambique   

Zimbabweans must exploit business opportunities in Mozambique and enhance
the Second Republic's economic diplomacy policy since ties between the two
countries present an optimal environment for investment by corporates. This
was said by Zimbabwe's Ambassador to Mozambique, Douglas Nyikayaramba during
a virtual Market Survey Seminar in the neighbouring country on Wednesday.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Scheme gives small dairy farmers heifers   

At least five small-scale farmers in Marirangwe, Mhondoro, Mashonaland East
Province, who ventured into commercial traditional grains and dairy farming,
received 25 heifers from the European Union (EU) under a scheme being
implemented by We Effect. The farmers received five heifers each during a
conference organised by We Effect at Red Dane Farm in Beatrice on Wednesday.
The scheme, which was launched recently in partnership with the Ministry of
Lands, Agriculture, Water, Climate and Rural Resettlement, Zimbabwe
Association of Dairy Farmers and Zimbabwe Farmers Union, will also benefit
farmers who lost their cattle to theileriosis (January disease) in
Marirangwe.  <http://www.bulls.co.zw/> Read more >

Investors to fund gold centres   

Government intends to aggressively push for the establishment of gold
centres across the country and has roped in local investors to fund the
projects. Mines and Mining Development Minister Winston Chitando last week
said although capacity utilisation was increasing in both small-scale and
medium to large scale mining, delivery remained depressed, hence the need to
speedily push for the gold buying centres.  <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

'Exchange rate convergence set to stabilise pricing'   

TREASURY is excited about the narrowing of the spread between the official
foreign currency auction and parallel market exchange rates with the move
towards convergence set to stabilise pricing and tame inflation. The
official exchange rate between the Zimbabwe dollar and US dollar moved to
1:76,76 after Tuesday's auction that saw US$14,3 million being allotted. The
weekly foreign currency auction, which was in its 6th time-running since
inception on June 23, saw the local dollar easing by 6,4 percent from the
previous week's exchange rate of $72,14. Since the start of the auction
system, which opened at US$1:Z$57,3 parallel market rates have remained
stagnant in the past weeks averaging 90 and 100 to the US dollar.
<http://www.bulls.co.zw/> Read more >

No power cuts till year end, industry assured   

INDUSTRY is assured of consistent power supply after State power utility
Zesa Holdings said it will not effect load shedding until end of this year
despite recent significant increase in demand for electricity. Up to June
demand had been sitting at 1200 megawatts (MW) mainly due to lockdown
restrictions, but has since creeped up to 1450MW and the anticipation is
that demand will remain at these levels with no expectation of load shedding
for rest of the year. Confederation of Zimbabwe Industries (CZI) chief
executive Sekai Kuvarika said in an interview that Zesa had given assurance
during a webnar meeting with the power utility and Ministry of Industry that
It will not cut power supply until the end of this year.
<http://www.bulls.co.zw/> Read more >

Vendors call for markets' speedy completion   

VENDORS in Gwanda, Matabeleland South province have called for the speedy
completion of construction of the new vending markets after they were
removed from undesignated areas as part of efforts to fight the spread of
Covid-19. Vendors in the town were operating from shacks at undesignated
points in the CBD along the Bulawayo-Beitbridge Road where there was no
water and sanitation facilities. The vendors were ordered to dismantle their
stalls in April to make way for the disinfection exercise in the town.
<http://www.bulls.co.zw/> Read more >

Women miners make mark in male dominated industry   

What men can do; women can also do. These words ring true to many women
miners in the country. In an industry which was once male dominated, women
are slowly making a name for themselves and have proved to be a force to
reckon. 49-year-old small scale miner, Ms Sanelisiwe Maseko who owns Vectis
20 Mine in Colleen Bawn said her achievements were a sign that women could
equally be as successful as men in the industry. Ms Maseko started her
mining activities in 2006 working alone, but now has 19 employees. She has
also managed to purchase equipment and machinery that has enabled her to
process ore at her mine.  <http://www.bulls.co.zw/> Read more >

Chitungwiza seeks to levy business tariffs in forex

Chitungwiza Municipality is seeking Government approval to levy business
rates in US dollars, although residents pointed out that all business
dealings and salaries in the town were in local currency..
<http://www.bulls.co.zw/2020/07/30/chitungwiza-seeks-to-levy-business-tariff
s-in-forex/> Read more >

ZimTrade to host inaugural online market survey seminar

THE national trade development and promotion organisation, ZimTrade, will
tomorrow host its inaugural online dissemination seminar to deliver findings
of a recent market survey conducted in Mozambique. Traditionally, the
export.
<http://www.bulls.co.zw/2020/07/29/zimtrade-to-host-inaugural-online-market-
survey-seminar/> Read more >

Refurbished ZimAlloys furnace to ignite output

Gweru-based ferrochrome producer, ZimAlloys, which has been refurbishing one
of its furnaces, is expected to commission the project in the next six
months in a move that is likely to.
<http://www.bulls.co.zw/2020/07/27/refurbished-zimalloys-furnace-to-ignite-o
utput/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

ZHL

AGM

virtual

31 July 2020 |

Delta

AGM

Virtual, Head Office, Northridge Close, Borrowdale

31 July 2020 | 12:30pm

FCB

AGM

virtual

06  August 2020 | 3pm

Zimbabwe

National Heroes Day

Zimbabwe

10  August 2020

Zimbabwe

Defence Forces' Day

Zimbabwe

11  August 2020

Old Mutual Zimbabwe

AGM

Virtual

12  August 2020 | 3pm

CBZ

AGM

Virtual

14  August 2020 | 6pm

Lafarge

AGM

virtual

18  August 2020 | 12pm

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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