Bulls n Bears Investors Notebook Issue 521: 22 June 2020

Mon Jun 22 08:03:13 CAT 2020

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Bulls n Bears Investors Notebook Issue 521: 22 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

Forex auction system to affect tobacco sales

Tobacco deliveries are likely to slow down this week after the Reserve Bank
of Zimbabwe (RBZ) announced that it will, starting tomorrow, adopt a foreign
currency auction system as farmers.
<http://www.bulls.co.zw/2020/06/22/forex-auction-system-to-affect-tobacco-sa
les/> Read more >

ZSE remains investment of choice

There is general consensus that the Zimbabwe Stock Exchange (ZSE) is a
preferred hedge against a depreciating Zimbabwe dollar for local investors.
This has resulted in a protracted rally in.
<http://www.bulls.co.zw/2020/06/22/zse-remains-investment-of-choice/> Read
more >

 <mailto:info at bulls.co.zw> 

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

Milk production drops 3 percent

The country's raw milk production in the first five months to May declined
by 3 percent to 31.35 million litres from 32.22 million litres in the same
period last year,.
<http://www.bulls.co.zw/2020/06/22/milk-production-drops-3-percent/> Read
more >

Zim records FDI growth

Zimbabwe recorded an average 8 percent ($452 million) growth in Foreign
Direct Investment (FDI) inflows over the past 6 years, with 2018 recording
the highest inflow at $745 million on.
<http://www.bulls.co.zw/2020/06/22/zim-records-fdi-growth/> Read more >

Forex cushion to stabilise economy

Zimbabwe is not sliding back into dollarisation after Government announced
interim US dollar allowances for civil servants, but rather these allowances
are a way of cushioning civil servants, Finance and.
<http://www.bulls.co.zw/2020/06/22/forex-cushion-to-stabilise-economy/> Read
more >

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

Tobacco fetches US$210m

Farmers have sold the 90.6 million kg of flu cured tobacco delivered so far
for US$210 million and the dumping of the interbank rate tomorrow with the
first auction of.
<http://www.bulls.co.zw/2020/06/22/tobacco-fetches-us210m/> Read more >

SMEs in tourism need overhaul

Before Covid-19, tourism was one of the fastest growing economic sectors in
Zimbabwe and according to Government's Transitional Stabilisation Programme
it was projected to generate US$5 billion in receipts and.
<http://www.bulls.co.zw/2020/06/22/smes-in-tourism-need-overhaul/> Read more
>

 <mailto:info at bulls.co.zw> 

Outlook for Zimbabwe's Shadow Economy

According to the Labour Force and Child Labour Survey report (Zimstats,
2019), at least 2,9 million of the 3,4 million economically active age group
are employed under the new internationally.
<http://www.bulls.co.zw/2020/06/22/outlook-for-zimbabwes-shadow-economy/>
Read more >

Brainman to change glass industry complexion

Lying idle for almost a decade, Brainman Investments, has set eyes to
transform Zimglass, the country's sole glass products producer from a heap
of scrap. Zimbabwean companies and individuals have.
<http://www.bulls.co.zw/2020/06/22/brainman-to-change-glass-industry-complex
ion/> Read more >

Arenel to install US$750 000 carbonated drinks plant

BULAWAYO headquartered and diversified food processor, Arenel will next
month install a US$750 000 carbonated drink manufacturing plant with the
investment expected to create more than 100 additional jobs at.
<http://www.bulls.co.zw/2020/06/22/arenel-to-install-us750-000-carbonated-dr
inks-plant/> Read more >

New factory to bolster Proplastics' fortunes

LISTED piping material producer, Proplastics, says its newly installed
factory in Harare is expected to improve the firm's operational efficiency,
serving both the domestic and foreign markets. In a recent.
<http://www.bulls.co.zw/2020/06/22/new-factory-to-bolster-proplastics-fortun
es/> Read more >

Covid-19 threatens to ruin record year for Africa's hotel developers

ALTHOUGH Africa's hotel development was poised for growth at the start of
2020, with more than 78 000 rooms in 408 hotels in the pipeline, according
sector surveys, industry experts.
<http://www.bulls.co.zw/2020/06/22/covid-19-threatens-to-ruin-record-year-fo
r-africas-hotel-developers/> Read more >

UK investor completes acquisition of Lubu coalfields

A UNITED Kingdom-based investment group, Contango Holdings, has completed
acquisition by way of reverse takeover of Consolidation Growth Holdings'
interest in the Lubu coalfield project in Matabeleland North. The holding.
<http://www.bulls.co.zw/2020/06/22/uk-investor-completes-acquisition-of-lubu
-coalfields/> Read more >

GMB blames millers for roller meal shortage

The Grain Marketing Board has blamed millers for the shortage of subsidised
roller meal in shops. The mealie-meal which is selling for $70 in shops, has
not been available for.
<http://www.bulls.co.zw/2020/06/22/gmb-blames-millers-for-roller-meal-shorta
ge/> 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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