Bulls n Bears Investors Notebook Issue 522: 23 June 2020

Tue Jun 23 07:23:39 CAT 2020

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Bulls n Bears Investors Notebook Issue 522: 23 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

OK Zimbabwe's annual profit jumps 1 000pc

The country's biggest retail group, OK Zimbabwe's profit for the year to
March 31 2020, surged 1 000 percent to $566 million from $49 million
recorded in the prior year..
<http://www.bulls.co.zw/2020/06/23/ok-zimbabwes-annual-profit-jumps-1-000pc/
> Read more >

Parly red flags corruption in mining title claims

The Parliamentary Portfolio Committee on Mines and Mining Development has
raised a red flag over alleged rampant corruption in the administration of
mining title claims. The Ministry of Mines and.
<http://www.bulls.co.zw/2020/06/23/parly-red-flags-corruption-in-mining-titl
e-claims/> Read more >

 <mailto:info at bulls.co.zw> 

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

Covid-19: Insurers must be innovative to survive

The insurance industry will have to develop appropriate products that meet
the needs of the insuring public if it is to survive the numerous threats
posed by the coronavirus pandemic,.
<http://www.bulls.co.zw/2020/06/23/covid-19-insurers-must-be-innovative-to-s
urvive/> Read more >

Banks, Govt agree on allowances' modalities

BANKS have agreed with the Government on the modalities of the opening
Foreign Currency Accounts (FCAs) for civil servants at zero costs and also
to charge minimal costs so that.
<http://www.bulls.co.zw/2020/06/23/banks-govt-agree-on-allowances-modalities
/> Read more >

RBZ launches foreign exchange auction today

The Reserve Bank of Zimbabwe (RBZ)today replaces the interbank market with
weekly foreign exchange auctions to determine the Zimbabwe dollar exchange
rate with those in industry and commerce cautiously optimistic.
<http://www.bulls.co.zw/2020/06/23/rbz-launches-foreign-exchange-auction-tod
ay/> Read more >

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

Cottco deal may lure back growers that had jumped ship

Recently, the Government set the cotton floor producer price at $43.94 per
kilogramme for the 2020-2021 marketing season. It is the manner in which the
producer price will be paid.
<http://www.bulls.co.zw/2020/06/23/cottco-deal-may-lure-back-growers-that-ha
d-jumped-ship/> Read more >

Forex auction system to boost fuel supply: Minister

Zimbabwe starts running a foreign currency auction system today amid
expectations this will ease fuel challenges by increasing the availability
of foreign currency to oil companies for fuel procurement, Energy.
<http://www.bulls.co.zw/2020/06/23/forex-auction-system-to-boost-fuel-supply
-minister/> Read more >

 <mailto:info at bulls.co.zw> 

Zimra to buy land for Beitbridge workers

The Zimbabwe Revenue Authority (Zimra) is spending at least $2.4 million on
renting properties to house its workers at Beitbridge Border Post and is
considering acquiring the former Beitbridge Express.
<http://www.bulls.co.zw/2020/06/23/zimra-to-buy-land-for-beitbridge-workers/
> Read more >

Storage fees for council up

A Chitungwiza resident, who has been keeping road equipment worth thousands
of dollars belonging to Chitungwiza Town Council in his car park for the
past three years, has hiked storage.
<http://www.bulls.co.zw/2020/06/23/storage-fees-for-council-up/> Read more >

Harava solar project shines light on Zim

Moves to finalise the construction of the 20MW Harava Solar Project (HSP), a
few kilometres south-east of the capital, have shown a good example of how
it is possible for.
<http://www.bulls.co.zw/2020/06/23/harava-solar-project-shines-light-on-zim/
> Read more >

Middle Sabi farmers target export markets

Farmers in Chipinge have partnered two companies that are funding the
resuscitation of banana and citrus plantations targeting export markets. A2
farmers in the Middle Sabi have so far put.
<http://www.bulls.co.zw/2020/06/23/middle-sabi-farmers-target-export-markets
/> Read more >

Gvt, banks to work on 99-year leases

Government is ready to work with the banking sector to fine-tune 99-year
land leases to help make them bankable and so boost productivity, Finance
and Economic Development Minister Professor Mthuli.
<http://www.bulls.co.zw/2020/06/23/gvt-banks-to-work-on-99-year-leases/>
Read more >

Covid-19 threatens viability of microfinance sector

THE credit-only microfinance sector says its operations are being threatened
by the outbreak of Covid-19 despite registering a 23,7 percent growth in
total loan book to $469,2 million in the.
<http://www.bulls.co.zw/2020/06/23/covid-19-threatens-viability-of-microfina
nce-sector/> Read more >

ZMDC, partner to mine Umzingwane alluvial gold

THE Zimbabwe Mining Development Corporation (ZMDC) and Head Heart
Enterprises (Pvt) Limited have engaged a local environmental consultant to
conduct an Environmental and Social Impact Assessment (ESIA) for the
proposed.
<http://www.bulls.co.zw/2020/06/23/zmdc-partner-to-mine-umzingwane-alluvial-
gold/> 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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