Bulls n Bears Investors Notebook Issue 511: 08 June 2020

Mon Jun 8 08:36:57 CAT 2020

 <http://www.bulls.co.zw/> Bulls.co.zw
<mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments
<http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO> WhatsApp
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 511: 08 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

Old Mutual Zimbabwe records $2,6 billion loss

DIVERSIFIED financial services firm Old Mutual Zimbabwe recorded a massive
loss of $2,61 billion for the financial year ended December 31, 2019 due to
the devaluation of the Zimbabwe dollar.
<http://www.bulls.co.zw/2020/06/08/old-mutual-zimbabwe-records-26-billion-lo
ss/> Read more >

Zimbabwe black market rates run amok

BLACK market rates have surged in recent weeks resulting in concurrent hikes
in the prices of basic commodities and a clamour from workers to have wages
increased. Amid the COVID-19.
<http://www.bulls.co.zw/2020/06/08/zimbabwe-black-market-rates-run-amok/>
Read more >

 <mailto:info at bulls.co.zw> 

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

'We won't let Covid-19 derail economic development'

THE Government will not let the Covid-19 pandemic derail infrastructural
development projects in the country as they are key to economic expansion.
Covid-19 has impacted negatively on global economies, with..
<http://www.bulls.co.zw/2020/06/08/we-wont-let-covid-19-derail-economic-deve
lopment/> Read more >

R27,8m legacy debt chokes MedTech Holdings

MEDTECH Holdings says its going concern status is in a precarious position
due to a 27,8 million South African rand legacy debt and that delays in
meeting the obligations have.
<http://www.bulls.co.zw/2020/06/08/r278m-legacy-debt-chokes-medtech-holdings
/> Read more >

Hunting, safari operators count Covid-19 losses

ZIMBABWE'S safari and hunting industry is counting losses due to outbreak of
Covid-19 amid fears that the sector might take three years to recover from
the effects of the global.
<http://www.bulls.co.zw/2020/06/08/hunting-safari-operators-count-covid-19-l
osses/> Read more >

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

CBZ defers publishing FY financial results

LISTED financial services group, CBZ Holdings, has delayed publishing
financial results for the year ended December 31, 2019 as it is yet to reach
an agreement on accounting of legacy.
<http://www.bulls.co.zw/2020/06/08/cbz-defers-publishing-fy-financial-result
s/> Read more >

Best Victoria Falls moment wastes away

THE Mighty Victoria Falls has received record water flows this year,
according to the Zambezi River Authority (ZRA). However, this best moment is
slowly wasting away without the usual local.
<http://www.bulls.co.zw/2020/06/08/best-victoria-falls-moment-wastes-away/>
Read more >

 <mailto:info at bulls.co.zw> 

Chipinge farmers venture into goat production

For three consecutive years the skies have not been generous in Chipinge and
neither has the sun been merciful. Once seething rivers - from Save to the
smallest - have.
<http://www.bulls.co.zw/2020/06/08/chipinge-farmers-venture-into-goat-produc
tion/> Read more >

Lowveld targets 3 000ha for winter cropping

THE Lowveld winter maize project is on the right track after the Masvingo
Development Trust (MDT) sealed a deal with sugar producer Tongaat Hulett
Zimbabwe to prepare 3 000 hectares.
<http://www.bulls.co.zw/2020/06/08/lowveld-targets-3-000ha-for-winter-croppi
ng/> Read more >

Petrol blending back to E20

The mandatory percentage of ethanol blending has been restored to 20 percent
after sitting at 10 percent after ethanol production fell below market
requirements.. Energy and Power Development Minister Fortune.
<http://www.bulls.co.zw/2020/06/08/petrol-blending-back-to-e20/> Read more >

Financial firm loses

The Financial Services Conduct Authority has withdrawn the operating licence
of Ecsponent Financial Services - and slapped it with a fine of R3 million
for unlawfully marketing high-risk preference shares.
<http://www.bulls.co.zw/2020/06/08/financial-firm-loses-2/> Read more >

St Anne's Hospital sale comes under microscope

The acquisition of the iconic St Anne's Hospital by Catholic Church through
Sisters of the Little Company of Mary (LCM), has come under the spotlight
after it emerged due processes,.
<http://www.bulls.co.zw/2020/06/08/st-annes-hospital-sale-comes-under-micros
cope/> Read more >

Potraz logs off 10 aspiring Internet providers

The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ),
says it cancelled nearly 10 licences for Internet access providers who
failed to roll out their businesses. Speaking during the third.
<http://www.bulls.co.zw/2020/06/08/potraz-logs-off-10-aspiring-internet-prov
iders/> Read more >

Covid-19: Chance to formalise economy

Highly informal countries must use the coronavirus pandemic and the
subsequent lockdowns as an opportunity to accelerate the formalisation of
their economies, a research paper by management consulting firm McKinsey.
<http://www.bulls.co.zw/2020/06/08/covid-19-chance-to-formalise-economy-2/>
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 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200608/4208bd8e/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 30151 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200608/4208bd8e/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 30139 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200608/4208bd8e/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 28847 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200608/4208bd8e/attachment-0007.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 30148 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200608/4208bd8e/attachment-0008.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20200608/4208bd8e/attachment-0009.jpg>