Bulls n Bears Investors Notebook Issue 520: 19 June 2020

Fri Jun 19 08:55:40 CAT 2020

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Bulls n Bears Investors Notebook Issue 520: 19 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

Shadow Banks In Zimbabwe Posing Another Danger For The Economy

More than ever before, it is becoming important for Zimbabwe to strengthen
its legislation and regulations to guard against situations whereby shadow
banks could plunge the country's economy into the.
<http://www.bulls.co.zw/2020/06/19/shadow-banks-in-zimbabwe-posing-another-d
anger-for-the-economy/> Read more >

'Civil Servants Will NOT Get US$75 In Cash'

President Emmerson Mnangagwa's spokesperson, George Charamba has clarified
on the US$75 and US$30 Covid-19 allowances which were awarded to civil
servants and pensioners yesterday. According to Charamba, the civil
servants.
<http://www.bulls.co.zw/2020/06/19/civil-servants-will-not-get-us75-in-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

Return to multi-currency system inevitable: Imara

Imara Asset Management Zimbabwe has ruled out most currency options
available for Zimbabwe, saying a return to the multi-currency system without
the Zimbabwe dollar is inevitable. On Thursday, the Government.
<http://www.bulls.co.zw/2020/06/19/return-to-multi-currency-system-inevitabl
e-imara/> Read more >

Forex auction trading to replace interbank rate

THE Reserve Bank of Zimbabwe (RBZ) says a foreign currency auction trading
system will begin next week Tuesday to replace the fixed US$1:ZW$25 exchange
rate. In a public notice today,.
<http://www.bulls.co.zw/2020/06/19/forex-auction-trading-to-replace-interban
k-rate/> Read more >

Unregistered SMEs miss out on reopening window

Most Small to Medium Enterprises (SMEs) in Bulawayo are yet to resume
operations as they are yet to register as required under Covid-19
regulations. Zimbabwe is on a national lockdown.
<http://www.bulls.co.zw/2020/06/19/unregistered-smes-miss-out-on-reopening-w
indow/> Read more >

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

US$88m for Chiredzi 90MW solar plant

A LOCAL consortium, Triangle Solar System (TSS), plans to invest US$88,1
million building a 90MW solar power plant in Chiredzi. The planned project
was recently approved by the Zimbabwe Energy.
<http://www.bulls.co.zw/2020/06/19/us88m-for-chiredzi-90mw-solar-plant/>
Read more >

Financier avails package for indebted property owners

A GWERU-based financier, Tinrue Finance, has come up with a Covid-19 package
to assist struggling property owners to clear their debts and avoid losing
their valued assets. With many individuals.
<http://www.bulls.co.zw/2020/06/19/financier-avails-package-for-indebted-pro
perty-owners/> Read more >

 <mailto:info at bulls.co.zw> 

Stock Market Weekly Review

The Zimbabwe Stock Exchange (ZSE) total market value rose 3,6 percent to
reach a record high of $206 billion as investors hedge against inflation.
This comes as figures from the.
<http://www.bulls.co.zw/2020/06/19/stock-market-weekly-review-8/> Read more
>

Sugar millers threaten to cut supplies to retailers

THE Zimbabwe Sugar Association has threatened to suspend supplies to
wholesalers and retailers found hoarding the commodity for speculative
purposes. Recently, the sugar industry has received enquiries regarding the
supply.
<http://www.bulls.co.zw/2020/06/19/sugar-millers-threaten-to-cut-supplies-to
-retailers/> Read more >

'Business confidence in manufacturing sector declines'

Business confidence in the manufacturing sector expectedly deteriorated
during the first quarter of the year, findings of the 2020 first quarter
business conditions survey conducted by the Confederation of Zimbabwe.
<http://www.bulls.co.zw/2020/06/19/business-confidence-in-manufacturing-sect
or-declines/> Read more >

Zimbabwe's Econet Expands Use of Tesla Batteries

Econet Wireless Ltd., Zimbabwe's largest mobile-phone operator, plans to
expand its use of batteries from Tesla Inc. for its operations beyond
providing back-up power at base stations. "We have plans.
<http://www.bulls.co.zw/2020/06/19/zimbabwes-econet-expands-use-of-tesla-bat
teries/> Read more >

Auctions can create the new normal

The move by the Reserve Bank of Zimbabwe (RBZ) to a "big bang" revolution in
foreign exchange next week, buying and selling foreign currency through an
auction is going to.
<http://www.bulls.co.zw/2020/06/19/auctions-can-create-the-new-normal/> Read
more >

Govt mulls solar power exchange

PRIVATE firms and individuals that produce power beyond their needs from
their own solar systems may start earning significant revenue in hard
currency by selling it to Zesa Holdings and.
<http://www.bulls.co.zw/2020/06/19/govt-mulls-solar-power-exchange/> Read
more >

St Anne's shareholding dispute rages

THE Reserve Bank of Zimbabwe (RBZ) has sought clarification from Frederick
Mutanda on the status of the shareholding of his family trust in St Anne's
Hospital as the dispute over.
<http://www.bulls.co.zw/2020/06/19/st-annes-shareholding-dispute-rages/>
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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