Bulls n Bears Investors Notebook Issue 514: 11 June 2020

Thu Jun 11 08:15:25 CAT 2020

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Bulls n Bears Investors Notebook Issue 514: 11 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

Zimbabwe president says currency under attack as prices spiral

(Reuters) - President Emmerson Mnangagwa said on Wednesday that Zimbabwe's
currency was under attack from businesses that were constantly hiking prices
and this was part of a wider political plot.
<http://www.bulls.co.zw/2020/06/11/zimbabwe-president-says-currency-under-at
tack-as-prices-spiral/> Read more >

New forex rule to oil market steadies rate

The reintroduction of the 30-day foreign currency liquidation period by the
Reserve Bank of Zimbabwe (RBZ), will enhance liquidity and help slow down
the run in the exchange rate in.
<http://www.bulls.co.zw/2020/06/11/new-forex-rule-to-oil-market-steadies-rat
e/> Read more >

 <mailto:info at bulls.co.zw> 

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

CTC approves Dallaglio acquisition

The Competition and Tariff Commission (CTC) has approved Padenga Holdings'
acquisition of a 50,1 percent stake in gold mining company - Dallaglio
Investments, in a move expected to boost the.
<http://www.bulls.co.zw/2020/06/11/ctc-approves-dallaglio-acquisition/> Read
more >

Zetdc to disconnect Zisco over debt

THE Zimbabwe Electricity Distribution Company (ZETDC), has threatened to
switch off defunct steel giant, Zisco, over a $6,2 million debt accrued over
a period of three months. In a letter.
<http://www.bulls.co.zw/2020/06/11/zetdc-to-disconnect-zisco-over-debt/>
Read more >

90MW solar plant set for Chiredzi

A local consortium, Triangle Solar System (TSS), is set to build a 90MW
solar plant in Chiredzi at a cost of nearly US$90 million after the project
was approved by.
<http://www.bulls.co.zw/2020/06/11/90mw-solar-plant-set-for-chiredzi/> Read
more >

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

Transfer Pricing Practise Notes explained

The Zimbabwe Revenue Authority (ZIMRA) hereby informs its valued clients
that Transfer Pricing Practise Notes that are to be used in conjunction with
our Transfer Pricing legislation as outlined in.
<http://www.bulls.co.zw/2020/06/11/transfer-pricing-practise-notes-explained
/> Read more >

Title deeds for properties under cession

This article is in addition to the one explaining properties held under
title deeds or cession. It gives pointers on how a holder of cession rights
over a property may.
<http://www.bulls.co.zw/2020/06/11/title-deeds-for-properties-under-cession/
> Read more >

 <mailto:info at bulls.co.zw> 

AfCFTA and food security

The Africa Continent Free Trade Agreement (AFCFA) is an AU flagship project
that feeds into the Comprehensive Africa Agriculture Development Programme
(CAADP). It means the AFCFTA has to accomplish deep.
<http://www.bulls.co.zw/2020/06/11/afcfta-and-food-security/> Read more >

Zimra targets unscrupulous traders

Zimra is upgrading its audit and mandatory data gathering to combat
unscrupulous traders using multiple personal mobile money lines to avoid
paying income tax, VAT and withholding taxes by hiding.
<http://www.bulls.co.zw/2020/06/11/zimra-targets-unscrupulous-traders/> Read
more >

Govt committed to liberalisation of airwaves

The Interview The Ministry of Information, Publicity and Broadcasting
Services is on a mission to open the airways and says the year 2020 will put
to bed discussions on the.
<http://www.bulls.co.zw/2020/06/11/govt-committed-to-liberalisation-of-airwa
ves/> Read more >

Craft Properties changes Masvingo's complexion

Property firm, Craft Properties (Pvt) Ltd, has opened a branch in the
ancient city of Masvingo. Chief executive officer and founder of Craft
Properties, Kudakwashe Taruberekera, promised to change the.
<http://www.bulls.co.zw/2020/06/11/craft-properties-changes-masvingos-comple
xion/'> Read more >

'Exchange rate volatility straining fuel supply'

THE persistent exchange rate volatility facing the economy is creating
arbitrage opportunities that make it difficult to restore efficient fuel
supplies in the country, an official has said. While the.
<http://www.bulls.co.zw/2020/06/11/exchange-rate-volatility-straining-fuel-s
upply/> Read more >

Small scale millers call for grain subsidy pricing review

THE Small to Medium Millers Association of Zimbabwe (SMMAZ) has called for a
review of the pricing structure under the grain subsidy programme to enhance
the viability of the sector..
<http://www.bulls.co.zw/2020/06/11/small-scale-millers-call-for-grain-subsid
y-pricing-review/> Read more >

Zimre Holdings declares $3,1 million dividend

ZIMRE Holdings Limited (ZHL) has declared a dividend of $3,1 million for the
financial year ended December 31, 2019. The Zimbabwe Stock Exchange-listed
firm said the dividend would be paid.
<http://www.bulls.co.zw/2020/06/11/zimre-holdings-declares-31-million-divide
nd/> 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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