Bulls n Bears Investors Notebook Issue 523: 24 June 2020

Wed Jun 24 05:28:31 CAT 2020

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Bulls n Bears Investors Notebook Issue 523: 24 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 dollar falls at first weekly forex auction

(Reuters) - Zimbabwe conducted its first weekly foreign currency auction on
Tuesday with the local dollar trading at an average of 57.3582 to the U.S.
dollar, ending a fixed exchange.
<http://www.bulls.co.zw/2020/06/24/zimbabwe-dollar-falls-at-first-weekly-for
ex-auction/> Read more >

Tourism re-opening to save small players from collapse

ALTHOUGH the novel Covid-19 pandemic has almost grounded various industries
leading to streamlining of workforce due to loss of business, the tourism
sector players remain hopeful of better prospects. Following.
<http://www.bulls.co.zw/2020/06/24/tourism-re-opening-to-save-small-players-
from-collapse/> Read more >

 <mailto:info at bulls.co.zw> 

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

Edcon business rescuers ask for 157% increase

Fees charged by liquidators and business rescue practitioners, and theimpact
they can have on bottom line payouts to affected employees, came under the
spotlight at Monday's meeting to consider a.
<http://www.bulls.co.zw/2020/06/24/edcon-business-rescuers-ask-for-157-incre
ase/> Read more >

Border Timbers to remain under judicial management

Milling and timber manufacturing company, Border Timbers, says it will
remain under judicial management "for the foreseeable future" as a
longstanding legal dispute remains outstanding. The company was placed
under.
<http://www.bulls.co.zw/2020/06/24/border-timbers-to-remain-under-judicial-m
anagement/> Read more >

Accept bond coins and notes, CZR tells retailers

THE Confederation of Zimbabwe Retailers (CZR) has called on its members to
continue accepting bond notes and coins as they remain legal tender in line
with country's monetary policy. The.
<http://www.bulls.co.zw/2020/06/24/accept-bond-coins-and-notes-czr-tells-ret
ailers/> Read more >

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

Lupane Women's Centre gains export recognition

LUPANE Women's Centre has gained recognition as one of the key export
earners in Matabeleland North Province through its vibrant art and craft
products. The country's trade and development agency,.
<http://www.bulls.co.zw/2020/06/24/lupane-womens-centre-gains-export-recogni
tion/> Read more >

CBZ dismisses gold buying licence reports

CBZ Bank has dismissed as false reports that the financial institution has
been awarded a gold-buying licence by Government. Some sections of the media
had claimed that CBZ was now.
<http://www.bulls.co.zw/2020/06/24/cbz-dismisses-gold-buying-licence-reports
/> Read more >

 <mailto:info at bulls.co.zw> 

Treasury commits to operationalise Beitbridge Bridge Fund

GOVERNMENT will evaluate contractual obligations with the New Limpopo Bridge
Pvt (Ltd), which built the bridge linking Zimbabwe and South Africa to
expedite the operationalisation of the Beitbridge Bridge Fund,.
<http://www.bulls.co.zw/2020/06/24/treasury-commits-to-operationalise-beitbr
idge-bridge-fund/> Read more >

Cottco board to focus on improving productivity

Cotton Company of Zimbabwe (Cottco) chairman Dr Abraham Babs Nyoni says his
board will focus more on further improving cotton productivity to sustain
higher yields. He said good cotton quality.
<http://www.bulls.co.zw/2020/06/24/cottco-board-to-focus-on-improving-produc
tivity/> Read more >

ZimTrade to establish export cluster in Mat'north

THE country's trade development and export promotion agency, ZimTrade, says
efforts are underway to establish an export cluster in Matabeleland North
province to assist producers from different sectors to tap.
<http://www.bulls.co.zw/2020/06/24/zimtrade-to-establish-export-cluster-in-m
atnorth/> 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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