Bulls n Bears Investors Notebook Issue 517: 16 June 2020

Tue Jun 16 06:23:26 CAT 2020

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Bulls n Bears Investors Notebook Issue 517: 16 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

You Are Now Required To Pay Rentals Every Month, President ED Mnangagwa
Speaks On Rent Payments

The President of Zimbabwe ED Mnangagwa made an address this afternoon. He
announced the end of the rent moratorium in Zimbabwe and all people are now
required to pay rentals.
<http://www.bulls.co.zw/2020/06/16/you-are-now-required-to-pay-rentals-every
-month-president-ed-mnangagwa-speaks-on-rent-payments/> Read more >

Covid-19 spawns business for General Beltings unit

Listed industrial firm General Beltings could look to tap into the extensive
opportunities brought about by the novel coronavirus pandemic through its
chemicals division, Cernol Chemicals. Although the chemicals industry,.
<http://www.bulls.co.zw/2020/06/16/covid-19-spawns-business-for-general-belt
ings-unit/> Read more >

 <mailto:info at bulls.co.zw> 

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

RioZim stops gold production

One of Zimbabwe's biggest gold miners and Zimbabwe Stock Exchange-listed
entity, RioZim says it has been forced to stop gold mining operations by
inability to meet operating costs. In a.
<http://www.bulls.co.zw/2020/06/16/riozim-stops-gold-production/> Read more
>

Access to finance key for small-scale miners

Stakeholders in the small-scale mining sector see access to finance and
technology as key in taking advantage of growth opportunities at a time
Zimbabwe is angling for a US$12 billion.
<http://www.bulls.co.zw/2020/06/16/access-to-finance-key-for-small-scale-min
ers/> Read more >

Bitcoin drops below $9 000 level

Bitcoin slid below $9 000 yesterday for the first time since May, joining a
down-draft in global equities begun during Asia hours amid growing concern
about the risks of a.
<http://www.bulls.co.zw/2020/06/16/bitcoin-drops-below-9-000-level/> Read
more >

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

Informal traders prepare return

Informal traders have begun registering or confirming registration and are
readying their stalls in response to President Mnangagwa's announcement of
the lifting of a ban on informal business activities but.
<http://www.bulls.co.zw/2020/06/16/informal-traders-prepare-return/> Read
more >

FIU goes after WhatsApp dealers

Illegal currency dealers using the WhatsApp platform to advertise their
trade risk having their mobile lines barred and accounts frozen, the Reserve
Bank of Zimbabwe's Financial Intelligence Unit warned yesterday..
<http://www.bulls.co.zw/2020/06/16/fiu-goes-after-whatsapp-dealers/> Read
more >

 <mailto:info at bulls.co.zw> 

Treasury delays $20 note circulation

TREASURY is taking caution not to upset the market through increased money
supply by delaying the introduction of the $20 note and other higher
denominations. Following the introduction of the.
<http://www.bulls.co.zw/2020/06/16/treasury-delays-20-note-circulation/>
Read more >

Zimasco not opening yet

ZIMASCO management has dismissed as false, reports circulating on social
media platforms claiming that the ferrochrome smelting company is set to
resume operations by the end of this month. Zimasco.
<http://www.bulls.co.zw/2020/06/16/zimasco-not-opening-yet/> Read more >

Cargo traffic surges at Beitbridge border

THE volume of commercial cargo traffic using Beitbridge Border Post has
increased since the start of the lockdown period, which most Sadc countries
are implementing to curb the spread of.
<http://www.bulls.co.zw/2020/06/16/cargo-traffic-surges-at-beitbridge-border
/> Read more >

BAT pumps $101,3m in taxes FY 2019

CIGARETTE manufacturer, British American Tobacco (BAT) Zimbabwe says its tax
contribution to Government increased by 138 percent to ZW$101,3 million
during the financial year ended December 31, 2019. In a.
<http://www.bulls.co.zw/2020/06/16/bat-pumps-1013m-in-taxes-fy-2019/> Read
more >

Lockdown disrupts industrial supply chains - CZI

THE Confederation of Zimbabwe Industries (CZI) says the manufacturing sector
has recorded losses running into millions of dollars due to the adverse
effects of the Covid-19 pandemic. According to a.
<http://www.bulls.co.zw/2020/06/15/lockdown-disrupts-industrial-supply-chain
s-czi/> Read more >

Zimbabwe, Zambia plan joint industrialisation programme

THE governments of Zambia and Zimbabwe with support from the Comesa
Secretariat are planning a joint industrialisation programme, which will
build on the experiences and lessons learned from the existing.
<http://www.bulls.co.zw/2020/06/15/zimbabwe-zambia-plan-joint-industrialisat
ion-programme/> Read more >

Padenga Holdings contributes US$3.5mln in taxes

LEADING crocodile skin and meat processor, Padenga Holdings Limited,
contributed US$3,5 million to the fiscus through taxes in 2019. This is
contained in the recently released company's annual report for.
<http://www.bulls.co.zw/2020/06/15/padenga-holdings-contributes-us3-5mln-in-
taxes/> 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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