Bulls n Bears Investors Notebook Issue 526: 29 June 2020

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Bulls n Bears Investors Notebook Issue 526: 29 June 2020

 


 

 


 <mailto:info at bulls.co.zw> 

 


 

 


Bulls 'n Bears Investors Diary: Today's Events

 


Zimpapers

AGM

virtual

29 Jun  2020: 1100

 


 

 


Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

 

Reserve money growth in check: RBZ   

THE Reserve Bank of Zimbabwe (RBZ) says reserve money growth was well within
the monetary policy committee (MPC)'s target of 15 percent in the first
quarter of this year, consistent with an average monthly inflation rise of 5
percent. In the outlook period, the bank said it will continue to keep the
growth levels of reserve money within thresholds consistent with the
monetary targeting framework, designed to fight inflation and exchange rate
pressures.  <http://www.bulls.co.zw/> Read more >

 


 

 

 


 

Heads to roll at NRZ   

Heads are set to roll at the National Railways of Zimbabwe as Transport and
Infrastructural Development Minister Joe Biggie Matiza, has directed the
parastatal's board to restructure management and bring in "fresh blood"
expected to revamp the strategic entity. The restructuring exercise, which
is expected to be complete by October this year, is part of a broader scope
of a number of initiatives the National Railways of Zimbabwe (NRZ) is
pursuing to turnaround its fortunes. <http://www.bulls.co.zw/> Read more >

 	

 <mailto:info at bulls.co.zw> 

 


 

 


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

 

Is ethanol blending making petrol expensive - for now?   

Respected climate change researcher Elisha Moyo last week posted a
particularly interesting brief analysis on the economics/politics of ethanol
blending in Zimbabwe. For context, he went back into history, seven years
back, when the country started to mandatorily blend ethanol with petrol.
"Upon completion of the project, between 2,5 million and 2,8 million litres
of ethanol will be produced daily," Moyo recounted a Wikipedia entry,
verbatim, a statement possibly by Government officials while launching Green
Fuel's ethanol plant nearly a decade ago.  <http://www.bulls.co.zw/> Read
more >

 


 

 

 

 


 

 

The efficacy of Foreign Currency Auction System   

In what could be a surprising u turn, the Government fixed the exchange rate
on 26 March 2020, whilst opening up for the usage of free funds for domestic
transactions. This comes exactly fifteen days after the Minister of Finance
and Economic Development, Professor Mthuli Ncube and the Central Bank
Governor, Dr Mangudya, jointly committed to supporting effective
de-dollarisation, anchored on strengthening the managed floating exchange
rate system during a press statement on measures to stabilise exchange rate
and reduce inflation on 11 March 2020. <http://www.bulls.co.zw/> Read more >

 

	
 


 

 

Brands Fresh revenue declines   

AGRO-MARKETING company, Brands Fresh, has recorded a significant decline in
revenue in the first six months of this year due to depressed demand of
bananas during the Covid-19 period. The company, which distributes fresh
produce throughout the country, mainly buys the fruit from farmers in Honde
Valley and has cut back supply from a peak of about 40 tonnes per week to
less than 10 tonnes during the same period.  <http://www.bulls.co.zw/> Read
more >

 


 

 

 

 


 

 

	 


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

 


 

 

	 

		
'Mobile money changes will curb trader abuse'   

Economic analysts say the clarification by the Reserve Bank of Zimbabwe
(RBZ) on how mobile money transactions will proceed was welcome as it
dispelled fears that the whole system was closed down, disrupting the
economy. The RBZ on Saturday said the public was assured that genuine
individual transactions would be processed normally, that is those by
holders of ordinary lines, while merchant lines would become one way,
allowing incoming transactions.  <http://www.bulls.co.zw/> Read more >

 

	
 

 

 

	
 

Govt rolls out 200 000 houses   

The rolling out of up to 200 000 affordable houses by Government in
partnership with the private sector has started in Norton with the
development of 2 200 stands on KockMallock estate. Roads are now being
tarred and sewer pipes laid, while the foundations of the first batch of
three-bedroomed houses are under construction.  <http://www.bulls.co.zw/>
Read more >

 

	
 

	 


 <mailto:info at bulls.co.zw> 

 

	
 

	
 

Levy increase to speed up rural electrification   

Government is considering increasing the rural electrification levy to 10
percent to accelerate the electrification of rural communities across the
country, Energy and Power Development Minister Fortune Chasi has said. The
Rural Electrification Fund (REF) gets six percent from electricity sales and
the fiscal allocation by Government for projects earmarked towards
developing power supplies to the rural and outlying areas.
<http://www.bulls.co.zw/> Read more >

 

	
 

 

 

	
 

Reward for turning-in tax dodgers   

Whistle-blowers turning in tax dodgers can now claim a reward of 10 percent
of the recovered taxes or duties under regulations gazetted on Friday by
Finance and Economic Development Minister Professor Mthuli Ncube. The
Revenue Authority (Reward for Information) (General) Regulations, 2020,
published in the Statutory Instrument 150 of 2020, covers underpayment or
non-payment of income and company taxes, capital gains taxes, VAT and
customs and excise duties. <http://www.bulls.co.zw/> Read more >

 

	
 

	 

	
 

	
 

	
 

	 

	
 

Tobacco growers urged to destalk   

The Ministry of Lands, Agriculture, Water and Rural Resettlement has urged
tobacco growers to destroy stalks as failure to comply will attract a fine
of $500 per hectare. Non-compliance by farmers in removing stalks has
resulted in the spread of diseases, thereby threatening the lucrative
tobacco industry.  <http://www.bulls.co.zw/> Read more >

 

	
 

 

 

	
 

Masvingo city dry port designated   

Government has designated a place on the outskirts of Masvingo City along
the Masvingo-Harare highway, for a dry port, as the Second Republic
continues to improve the ease of doing business by moving to de-congest the
Beitbridge Border Post. The planned dry port will be located about 10
kilometres out of Masvingo city, in a development set to see more investment
in the country's oldest city.  <http://www.bulls.co.zw/> Read more >

 


 

 

	 

	
 

	
 

Farmers deliver 70 000t of grain   

Grain Marketing Board (GMB) has received more than 70 000 tonnes of grain
since April 1, with the parastatal now paying the 30 percent incentive bonus
to all farmers delivering grain before the end of July. The peak period for
deliveries starts from June and lasts until the end of September. GMB chief
executive, Mr Rockie Mutenha last week said farmers had delivered 68 466
tonnes of maize, 1 500 tonnes of sorghum, 954 tonnes of soyabeans and 70
tonnes of millet.  <http://www.bulls.co.zw/> Read more >

 

	
 

 

 

	
 

Work on Gemology Centre to begin   

The Zimbabwe School of Mines (ZSM) is pushing for the fast-tracking of the
construction of the Gemology Centre in the Fernhill Special Economic Zone to
propel the value addition and beneficiation of precious minerals in the
country. The Gemology Centre is part of efforts by Government to meet
objectives set under the economic blueprint to attain an upper middle-income
economy by 2030. Government allocated the centre $30.5 million this year to
spur the project, but due to the Covid-19 pandemic and other logistical
challenges, the project is yet to start.  <http://www.bulls.co.zw/> Read
more >

 

	
 

 

 

	
 

Nyamhunga people's market takes shape   

Kariba People's Market, which is being funded by the Government has already
taken shape, with much of the foundational work completed amid concerns over
unavailability of steel materials locally. Initially, the project was
delayed over discrepancies between vendors and the local authorities. The
lockdown and closure of the country's borders to prevent the spread of
Covid-19 also resulted in some delays before work resumed after the
regulations were eased.  <http://www.bulls.co.zw/> Read more >

 

	
 

	
 


 

INVESTORS DIARY 2020

 


Company

Event

Venue

Date & Time

 


 

 


Zimpapers

AGM

virtual

29 Jun  2020: 1100

 


Turnall

AGM

virtual

30 Jun 2020 : 0900

 


FMP

AGM

Ground Floor, First Mutual Park, 100 Borrowdale Road, Borrowdale

30 Jun 2020 : 0930

 


DZLH

AGM

virtual

30 Jun 2020 : 1000

 


Zimplow

AGM

Head Office, 36 Birmingham Road, Southerton

30 Jun 2020 : 1000

 


FML

AGM

Ground Floor, First Mutual Park, 100 Borrowdale Road, Borrowdale

30 Jun 2020 : 1130

 


MedTech

AGM

Boardroom, Stand 619, Corner Shumba / Hacha Roads, Ruwa

30 Jun 2020 : 1400

 


FBC

AGM

by way of remote voting

30 Jun 2020 : 1500

 


Ariston

AGM

Boardroom, 306 Hillside Road, Msasa Woodlands

07 Jul 2020 : 1100

 


Dawn Properties

AGM

Ophir Room, Monomotapa Hotel, 54 Park Lane

09 Jul 2020 : 0900

 


Mash

AGM

Virtual, Boardroom, 19th Floor, ZB Life Towers, 77 Jason Moyo Avenue

09 Jul 2020 : 1200

 


 

 

 

 

 


 

 

 

 

 


REST OF AFRICA

 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


Counters Trading Under Cautionary

 


 

 

 

 

 


Africansun

 

RioZim

CBZH

	

Turnall

 

Dawn

Unifreight

 


Falgold

 

Zimplow

Zimre

 


Fidelity

 

FM Holdings

ZPI

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


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.

 


 

 

									

 

 

 

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