Bulls n Bears Investors Notebook Issue 467: 23 March 2020

Mon Mar 23 04:31:04 CAT 2020

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Bulls n Bears Investors Notebook Issue 467: 23 March 2020

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Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Caledonia to increase Blanket Mine stake   

CALEDONIA Mining Corporation says it is targeting to acquire 15 percent
shareholding in Blanket Mine, a development that will see the mining group
having controlling stake of 64 percent in the mine. The company also
revealed an improved outlook and proposed an increase in quarterly dividend
payments by 9 percent to 7,5 cents per share..  <http://www.bulls.co.zw>
Read more >

CBZ clinches digital currency deal

AMERICAN firm Apollo Fintech has signed a memorandum of association (MoA)
with CBZ Holdings to develop and operate three national financial solutions
in Zimbabwe, among them, a gold-backed digital currency. Apollo is a
world-famous blockchain technology provider with its own cryptocurrency
called the "Apollo Currency", which is valued at US$0.000830 per one coin.
Apollo Fintech and CBZ are developing a gold-backed digital currency, the
American firm announced on Friday. <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

Covid-19: The huge threat to Zimbabwe's economy

ZIMBABWE'S fragile economy is facing serious headwinds due to the outbreak
of coronavirus (Covid-19), as some of the country's major trading partners
and suppliers are under lockdown. Covid-19 first broke out in China's Wuhan
City in December last year and has since rapidly spread to other countries
in the world, infecting more than 900 000 people and killing over 3 000
others, mainly in China. South Africa, Zimbabwe's largest trading partner,
had as of yesterday confirmed more than 240 cases of people who had tested
positive to Covid-19. Economic analysts and captains of industry who spoke
to Standardbusiness said industry had started feeling the impact of
Covid-19. <http://www.bulls.co.zw> Read more >

Zesa's US$500m plan to end load-shedding

Zesa has cobbled up a US$500 million plan to end rolling electricity cuts by
building solar power plants across the country in partnership with private
investors. Zimbabwe last year introduced an 18-hour daily load-shedding
schedule after electricity production at the country's main source of
hydropower - Kariba Dam -fell dramatically due to dwindling water levels at
the lake. The power cuts have crippled industry, with companies being forced
to resort to alternative sources of energy such as generators amid grinding
fuel shortages in the country. On Friday, Zimbabwe's power stations were
only producing 569 megawatts (MW) of electricity against daily demand of 1
475 MW. Kariba was generating a meagre 390 MW, leaving the country with a
huge electricity shortfall. <http://www.bulls.co.zw> Read more >

Innscor hedges against inflation

Zimbabwe Stock Exchange-listed Innscor Africa Limited says rapidly rising
inflation has forced it to deploy profits into maintaining its inventory
after more than doubling its total income to $989,67 million in six months.
The increase in income was due to $381,25 million attributable to currency
exchange differences arising from foreign operations. In the 2018
comparative period, Innscor had an income of $477,44 million.
<http://www.bulls.co.zw> Read more >

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

EcoCash increases transaction limits   

In a move expected to bring relief to the transacting public, EcoCash has
increased daily and monthly transaction limits for merchants or bill
payments and for single transactions. The monthly limits for customers not
linked to bank or debit card, which used to have a transaction limit of $10
000, has been increased to $20 000. The monthly limit for customers linked
to a debit card used to be $25 000, but has now been increased to $35 000.
Customers linked to a bank used to have a monthly limit of $50 000 but that
has since been increased to $150 000 while the executive grade that had a
monthly limit of $100 000 will now transact up to $250 000.
<http://www.bulls.co.zw> Read more >

Mash West gears for winter wheat cropping

Mashonaland West Province is expected to put at least 21 000 hectares under
wheat during winter, but farmers should make use of irrigation to realise
meaningful benefits, provincial Agritex agronomist Mrs Siyena Makaza has
said. Speaking during an all stakeholders meeting last Friday, which was
aimed at assessing the preparedness of the province for the 2020 winter
wheat cropping season, Mrs Makaza said from the national target of 70 000
ha, Mashonaland West was expected to produce at least 30 percent of that.
She said there was need to immediately register farmers, verify availability
of water for irrigation, check the state of irrigation infrastructure and
work on the initial contracting of farmers as part of preparations for a
bumper winter wheat production.  <http://www.bulls.co.zw> Read more >

 <mailto:info at bulls.co.zw> 

AfDB keen to upgrade Zim, Mozambique business links   

The African Development Bank (AfDB) continues to support Zimbabwe's economic
turnaround through the private sector and is keen on upgrading business and
physical links between Mozambique and Zimbabwe. This was said by Zimbabwe's
Ambassador to Mozambique Douglas Nyikayaramba who has been working to
implement the policy that Zimbabwe's foreign representatives should drive
transactional diplomacy to boost the economy. Ambassador Nyikayaramba said
AfDB country manager in Mozambique Mr Pietro Toigo said the bank was
interested in rehabilitating Olivine Industries and other firms.
<http://www.bulls.co.zw> Read more >

'Garrison Shops self-financing'   

The 2,5 percent monthly contribution to the Government Employees Mutual
Savings Fund (GEMS) is voluntary and the funds will not be used to fund
Garrison Shops where members of the security forces will get cheaply priced
basic goods, the Public Service Commission (PSC) has said. In February, the
Government announced it would be introducing GEMS with an upfront injection
of up to $200 million in seed capital. Civil servants would then access the
money as loans offered on the basis of cost recovery plus a small loan
interest estimated at between 7 percent and 12 percent per annum..
<http://www.bulls.co.zw> Read more >

Take advantage of ICTs to boost agric   

Citizens have been advised to take advantage of technological changes to
improve agricultural output. This was said by Postal and Telecommunications
Regulatory Authority of Zimbabwe (Potraz) director-general Dr Gift
Machengete in a speech read on his behalf by the Authority's head of
consumer affairs and publicity, Mr George Manyaya. He said this last week
during the World Consumer Rights Day in Gweru, which ran under the theme,
"The Sustainable Consumer", but with a special focus on e-agriculture. Dr
Machengete said ICTs have emerged as key enablers and drivers of innovation
and competitiveness. <http://www.bulls.co.zw> Read more >

Biodiesel production: What next for Zim?   

A TECHNICAL analysis of the current situation will point to the lack of
feedstock as the main problem stalling biodiesel production in Zimbabwe.
Granted, other multiple underlying factors contribute to the unavailability
of the so required feedstocks. nstead of discarding the project all
together, the Government and all stakeholders involved ought to glean
lessons from the experience and address the challenges that ensued from its
first inception. The 10 percent biodiesel blending is attainable provided
critical issues that need immediate atten-tion have been addressed.
<http://www.bulls.co.zw> Read more >

"Zimbabwe Moves Closer To Launching Own Satellite," Higher And Tertiary
Education Minister

Zimbabwe's Minister of Higher and Tertiary Education, Innovation, Science
and Technology Development Minister Professor Amon Murwira has said that the
country has taken a significant step towards launching its own satellite
into space. Speaking to The Sunday Mail in an interview, Murwira said that a
total of $25 million had been secured for the initiative. He said: We hope
that as we start the next quarter, work will have begun. The work will be
done by staff from our ministry. More than $25 million has been allocated to
us for the setting up of infrastructure at the centre in Mazowe. He added
that the successful launch of the satellite will result in the country
saving millions of foreign currency which is currently being paid to foreign
companies for foreign satellite services. At the moment, MultiChoice, the
owner of DSTV, is getting more than US$18 million yearly in subscriptions
from Zimbabweans while the Broadcasting Authority of Zimbabwe (BAZ) is
paying US$1.2 million annually to a French company for radio and television
satellite signals. <http://www.bulls.co.zw> Read more >

"Power Situation To Improve As ZESA Cuts ESKOM Debt" - Energy Minister

The Minister of Energy in Zimbabwe, advocate Fortune Chasi has said that he
expects the country's power situation to get better as the local power
utility, ZESA has reduced its debt to ESKOM from about US$33 million to US$4
million. Minister Chasi made the revelation while speaking to Zimpapers
Television Network (ZTN). He said: Yes, we are making them (payments)
religiously. We have reduced the debt to US$4 million or thereabouts. We are
also working on further reducing our indebtedness to Mozambique.
<http://www.bulls.co.zw> Read more >

Emirates cancels Zim flights   

LEADING international airline, Emirates, has suspended flights from Harare
to Lusaka and then Dubai and back from 20 March to 20 May as part of
measures to curb the spread of Covid-19. In a statement, Emirates said the
move was in response to the prevailing global conditions following the
outbreak of Covid-19, which has spread across the globe and has so far
killed more than 8 000 people. The pandemic has disrupted trade and
international exhibitions and business engagements. Most countries have
effected travel restrictions as part of measures to curb the spread of
Covid-19.  <http://www.bulls.co.zw> 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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