Bulls n Bears Investors Notebook Issue 518: 17 June 2020

Wed Jun 17 07:23:51 CAT 2020

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Bulls n Bears Investors Notebook Issue 518: 17 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 inflation at 785.55% y/y in May - Zimstat

(Reuters) - Zimbabwe's inflation rose to 785.55% year-on-year in May from
765.57% the previous month, Zimstat said on Tuesday, as citizens grapple
with rising prices of basic goods and a.
<http://www.bulls.co.zw/2020/06/17/zimbabwe-inflation-at-785-55-y-y-in-may-z
imstat/> Read more >

Make finished goods to stabilise rate: Retailers

ZIMBABWE should prioritise local production of finished goods and raw
materials to cut dependency on imports that continue to pile unrelenting
pressure on the exchange rate, the Confederation of Zimbabwe.
<http://www.bulls.co.zw/2020/06/17/make-finished-goods-to-stabilise-rate-ret
ailers/> Read more >

 <mailto:info at bulls.co.zw> 

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

Flower market prepares to reopen

Informal traders at the Africa Unity Square flower market yesterday
fumigated the facility in preparation for their return after a three-month
absence due to the national lockdown. Africa Unity Square.
<http://www.bulls.co.zw/2020/06/17/flower-market-prepares-to-reopen/> Read
more >

Ginneries seek higher US$ retention thresholds

Cotton ginneries are seeking to keep 80 percent of their foreign currency
earnings, people familiar with the matter have said. Currently, cotton
ginneries retain 50 percent of their foreign currency.
<http://www.bulls.co.zw/2020/06/17/ginneries-seek-higher-us-retention-thresh
olds/> Read more >

Non-monetary factors blamed for forex rate volatility

THE Reserve Bank of Zimbabwe (RBZ) has said that the depreciation in the
exchange rate observed in the last few weeks is a result of speculative
behaviour. While the official.
<http://www.bulls.co.zw/2020/06/17/non-monetary-factors-blamed-for-forex-rat
e-volatility/> Read more >

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

Tourism players struggle to pay workers

WITH no revenue coming in, tourism operators in Victoria Falls are taking
further drastic measures to stay afloat including terminating contracts for
remaining workers. There has been a series of.
<http://www.bulls.co.zw/2020/06/17/tourism-players-struggle-to-pay-workers/>
Read more >

Tough lockdown restrictions hit farmers hard

On June 13 I had a follow up conversation on how people are coping with the
Covid-19 lockdown in Zimbabwe. As with the previous discussion on April 23
it was.
<http://www.bulls.co.zw/2020/06/17/tough-lockdown-restrictions-hit-farmers-h
ard/> Read more >

 <mailto:info at bulls.co.zw> 

ZSE recovers from recent losses

After shedding losses in the last couple of days, the Zimbabwe Stock
Exchange returned to the positive territory lead by gains in medium
capitalised counters. By the close of trading.
<http://www.bulls.co.zw/2020/06/17/zse-recovers-from-recent-losses/> Read
more >

MNOs risk lagging behind

As inflationary pressures continue to weigh on businesses due to increased
operating costs, the country's mobile network operators' risks lagging
behind in the digital wave that has been presented by.
<http://www.bulls.co.zw/2020/06/17/mnos-risk-lagging-behind/> Read more >

Winter maize project: Panacea to recurrent droughts in Zim

Lush green maize plants stand stubbornly in a buffet of criss-crossing huge
cobs as if daring mother nature for allowing them to flourish in an
otherwise land of perennial dearth..
<http://www.bulls.co.zw/2020/06/17/winter-maize-project-panacea-to-recurrent
-droughts-in-zim/> Read more >

Cotton deliveries intensify

Cotton deliveries have intensified in most areas following the announcement
of floor producer prices by the Government last week. Government announced a
producer price of $43.94 per kilogramme for the.
<http://www.bulls.co.zw/2020/06/17/cotton-deliveries-intensify/> Read more >

Council to fine residents for extending boundaries

PROPERTY owners in Chitungwiza, who erected perimeter walls outside their
original pegs have been ordered to revert to their normal boundaries or risk
being fined. Acting Chitungwiza town clerk Dr.
<http://www.bulls.co.zw/2020/06/17/council-to-fine-residents-for-extending-b
oundaries/> Read more >

Govt develops strategy to formalise, reopen SMEs

The Chairman of the Ad-Hoc Inter-Ministerial Task Force on COVID-19,
Honourable Vice President K.C.D. Mohadi presented the weekly report on the
national response to the COVID-19 outbreak, which was adopted.
<http://www.bulls.co.zw/2020/06/17/govt-develops-strategy-to-formalise-reope
n-smes/> 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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