Bulls n Bears Investors Notebook Issue 509: 04 June 2020

Thu Jun 4 08:19:17 CAT 2020

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Bulls n Bears Investors Notebook Issue 509: 04 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

NSSA fires investment manager for misconduct

NSSA investment manager, Richard Fusire, has been fired for ill-advice which
resulted in the multi-billion State-run pension entity financing a high-risk
financial institution to the tune of US$6 million. He.
<http://www.bulls.co.zw/2020/06/04/nssa-fires-investment-manager-for-miscond
uct/> Read more >

Firms refuse RTGS, demand USD, cash

A number of businesses, especially manufacturers, retailers and suppliers,
are refusing to accept payment in local currency in preference for US
dollars and cash citing persistent volatility of the Zimbabwe.
<http://www.bulls.co.zw/2020/06/04/firms-refuse-rtgs-demand-usd-cash/> Read
more >

 <mailto:info at bulls.co.zw> 

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

Econet Q1 traffic declines

Listed telecoms giant, Econet, recorded a drop in traffic across segments
during the first quarter as consumers' disposable incomes continued to
decline. In a trading update, Econet indicated that voice.
<http://www.bulls.co.zw/2020/06/04/econet-q1-traffic-declines/> Read more >

Covid-19 hotel cancellations hit African Sun

Hospitality group, African Sun, says it lost significant business after more
than 31 000 room nights were cancelled following closure of its hotels due
to the Covid-19 pandemic. The pandemic,.
<http://www.bulls.co.zw/2020/06/04/covid-19-hotel-cancellations-hit-african-
sun/> Read more >

Absence of gender lens stifles economic growth

United Nations Conference on Trade and Development and other numerous
researchers on the trade and gender nexus reveal that the economy is a
gendered structure where the distributional outcomes of.
<http://www.bulls.co.zw/2020/06/04/absence-of-gender-lens-stifles-economic-g
rowth/> Read more >

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

Understanding property ownership under title, cession

Owning an immovable property, especially a family home, is a dream for many
people. Even investors generally consider properties as secure long term
investments. The most common arrangements for holding.
<http://www.bulls.co.zw/2020/06/04/understanding-property-ownership-under-ti
tle-cession/> Read more >

Transform centres into industrial hubs: VP

TERTIARY institutions should transform their centres into industrial hubs,
which produce personal protective equipment (PPEs), sanitisers and masks for
Covid-19 to reduce the import bill and resuscitate the country's economy..
<http://www.bulls.co.zw/2020/06/04/transform-centres-into-industrial-hubs-vp
/> Read more >

 <mailto:info at bulls.co.zw> 

Outrage over ZESA system

CHALLENGES in purchasing electricity tokens have plunged most houses into
darkness, a development that sparked outrage in most suburbs with consumers
accusing the power utility of incompetence. People are failing.
<http://www.bulls.co.zw/2020/06/04/outrage-over-zesa-system/> Read more >

Farmers deliver 41m kg tobacco, raise concerns

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, the rate
used to pay for half.
<http://www.bulls.co.zw/2020/06/04/farmers-deliver-41m-kg-tobacco-raise-conc
erns/> Read more >

Manicaland private bus operators re-strategise

BUS operators in Manicaland are coming up with strategies to revive the
transport sector, which has been hit hard by the national lockdown as those
not registered under the Zimbabwe.
<http://www.bulls.co.zw/2020/06/04/manicaland-private-bus-operators-re-strat
egise/> Read more >

Zimbabwe raises $20 million in T-bill sales to fight coronavirus

HARARE (Reuters) - Zimbabwe has raised 500 million Zimbabwe dollars ($20
million) in treasury bill auctions that it will use to help combat the
spread of the coronavirus, its finance.
<http://www.bulls.co.zw/2020/06/04/zimbabwe-raises-20-million-in-t-bill-sale
s-to-fight-coronavirus/> Read more >

Govt sets $3 billion industry bailout modalities

GOVERNMENT is working on modalities to disburse $3,02 billion for industry,
which is part of the $18 billion Economic Recovery and Stimulus package
aimed at re-invigorating the economy. Last month,.
<http://www.bulls.co.zw/2020/06/03/govt-sets-3-billion-industry-bailout-moda
lities/> Read more >

Khami Prison farming model to be replicated countrywide

CABINET last night revealed that the farming model at Khami Prison near
Bulawayo is now being replicated at other prisons countrywide as it has
proved to be a viable source.
<http://www.bulls.co.zw/2020/06/03/khami-prison-farming-model-to-be-replicat
ed-countrywide/> Read more >

Cost of living up 22%

THE cost of living in Zimbabwe ballooned by $1 554 to $8 726 by end of last
month due to the influence of the parallel market on exchange rates,
limited. <http://www.bulls.co.zw/2020/06/03/cost-of-living-up-22/> 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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