Bulls n Bears Investors Notebook Issue 506: 01 June 2020

Mon Jun 1 05:41:07 CAT 2020

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Bulls n Bears Investors Notebook Issue 506: 01 June 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

ZCDC to review diamond sales date

THE outbreak of the novel coronavirus has forced Zimbabwe Consolidated
Diamond Company (ZCDC) to review its diamond auction sales dates, in the
process delaying its debut international gem marketing drive..
<http://www.bulls.co.zw/2020/06/01/zcdc-to-review-diamond-sales-date/> Read
more >

Inflation Soars To 756%

Zimbabwe's inflation rate for April has jumped to 756%, New Ziana reports.
This was published by Zimbabwe Statistical Agency (ZimStats) that also said
month on month inflation was on 17.64%..
<http://www.bulls.co.zw/2020/06/01/inflation-soars-to-756/> Read more >

 <mailto:info at bulls.co.zw> 

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

New policy shuts out land barons

Land barons have now been cut out of Harare's housing programme, with
council determined to allocate serviced land only, preventing anyone from
seizing unserviced land and seeking later regularisation. Once.
<http://www.bulls.co.zw/2020/06/01/new-policy-shuts-out-land-barons/> Read
more >

Tobacco growers fret over exchange rate

Tobacco growers have delivered 41 million kg worth US$94 million to the
market, but are concerned over the fixed exchange rate of US$1:$25 used to
pay for half their crop,.
<http://www.bulls.co.zw/2020/06/01/tobacco-growers-fret-over-exchange-rate/>
Read more >

Zimbabwe breaks new ground! VAYA Africa launches electric vehicle

ZIMBABWE has broken new ground after VAYA Africa, a Mauritius-registered
transportation service company on Friday launched an electric vehicle
service in the country as part of the company's rollout strategy.
<http://www.bulls.co.zw/2020/06/01/zimbabwe-breaks-new-ground-vaya-africa-la
unches-electric-vehicle/> Read more >

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

Diaspora remittances critical to post Covid-19 recovery

ACCORDING to the World Bank, remittance flows to Sub Saharan African
countries will drop by 23,1 percent from $48 billion in 2019 to $37 billion
in 2020 in the wake.
<http://www.bulls.co.zw/2020/06/01/diaspora-remittances-critical-to-post-cov
id-19-recovery/> Read more >

Edgars seeks to raise $2,7 million

CLOTHING manufacturer and retailer, Edgars Stores Limited is seeking to
raise ZWL$2,7 million through rights offer to support the group's expansion
programmes, enhance working capital and balance sheet. In a.
<http://www.bulls.co.zw/2020/06/01/edgars-seeks-to-raise-27-million/> Read
more >

 <mailto:info at bulls.co.zw> 

Delta accrues US$63m external debt

GIANT beverages producer, Delta Corporation, says it owes external creditors
US$63,8 million and the debt was in existence when the country adopted a
mono currency last year. In a financial.
<http://www.bulls.co.zw/2020/06/01/delta-accrues-us63m-external-debt/> Read
more >

African Sun re-opens hotels

HOSPITALITY group, African Sun Limited (ASL), has re-opened some of its
branches under the relaxed Covid-19 lockdown measures despite anticipated
further disruptions due to the pandemic. In a latest trading.
<http://www.bulls.co.zw/2020/06/01/african-sun-re-opens-hotels/> Read more >

Council revenues fall

The outbreak of Covid-19 has hit the Marondera Municipality hard
financially, reducing its daily average revenue collections from $110 000 to
just $10 000 now, a top official of the.
<http://www.bulls.co.zw/2020/06/01/council-revenues-fall/> Read more >

BAT volumes to drop

Cigarette manufacturer, British American Tobacco (BAT), projects a bleak
second quarter as volumes are expected to decline due to the effects of the
Covid-19 pandemic. Business operations have been negatively.
<http://www.bulls.co.zw/2020/06/01/bat-volumes-to-drop/> Read more >

Banks comply with RBZ order

Banks last Friday began complying with a Reserve Bank of Zimbabwe (RBZ)
directive to cut transfer limits that can be done using the ZIPIT platform
as the fight against illegal.
<http://www.bulls.co.zw/2020/06/01/banks-comply-with-rbz-order/> Read more >

Cost containment to sustain Dairibord

While demand for goods and services continue to decline due to waning
disposable incomes, cost containment measures coupled with price adjustment
is expected to sustain dairy processor, Dairibord going forward,.
<http://www.bulls.co.zw/2020/06/01/cost-containment-to-sustain-dairibord/>
Read more >

RBZ plots ambush to rein in exchange rates

The Reserve Bank of Zimbabwe (RBZ) will henceforth use 'ambush raids' as a
strategy within its array of policy interventions as the monetary
authorities battle to break persistent buffeting of.
<http://www.bulls.co.zw/2020/06/01/rbz-plots-ambush-to-rein-in-exchange-rate
s/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

 Bindura Nickel Corp

CBZH

Dawn

Delta

Falgold

Fidelity

MedTech

Meikles

Turnall

Unifreight

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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