Bulls n Bears Investors Notebook Issue 469: 25 March 2020

Wed Mar 25 04:43:04 CAT 2020

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Bulls n Bears Investors Notebook Issue 469: 25 March 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

Industry feels coronavirus pinch   

The local manufacturing sector has suffered a staggering 46 percent
disruptions in supply chains due to the ravaging global health pandemic -
Covid-19, a mini survey by the Confederations of Zimbabwe Industries (CZI)
on the impact of the pandemic has shown. The 2020 Fiscal Policy had
projected Zimbabwe's GDP to register a 3 percent growth, but the economy was
already facing headwinds on this front due to other challenges chief among
them the shortage of foreign currency and power outages.
<http://www.bulls.co.zw/> Read more >

NetOne boss hearing suspended   

THE disciplinary hearing of the suspended NetOne chief executive Mr Lazarus
Muchenje failed to take off last Friday after the embattled executive argued
any proceedings would have been illegal since there was a court order
barring the hearing. Mr Muchenje was expected to appear before Retired
Justice Moses Chinhengo to answer to several charges including incompetence,
theft, habitual and substantial neglect of his duties as the CEO of
Zimbabwe's second largest mobile operator.  <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

Banks close branches over Covid-19   

Stanbic Bank and First Capital Bank have closed some of their branches as
the financial institutions intensify efforts to help contain the spread of
coronavirus in the country. This comes as ZB also announced plans yesterday
to close some of its branches over the same reasons. Some financial
institutions - as part of measures to contain the disease - have also
started rejecting all hard copy transactions, advising their customers to
make all their payments through online platforms that eliminate human
interface.  <http://www.bulls.co.zw/> Read more >

Fastjet Zimbabwe suspends flights   

Low cost airline, Fastjet Zimbabwe said yesterday it will suspend operations
at the end of the week for 21  days as part of measures to combat Covid-19.
It becomes the latest airline to suspend flights into or from Zimbabwe,
after Emirates announced a similar move two weeks ago over Covid-19. Fastjet
Zimbabwe said its last flights will be on Thursday. "Fastjet Zimbabwe
announced today (Tuesday) that as a result of the  latest measures
introduced in Zimbabwe and South Africa to control the  spread of COVID-19,
all Fastjet flight operations shall be suspended  from Friday 27 March until
Thursday 16 April 2020, both days fully  inclusive," it said.
<http://www.bulls.co.zw/> Read more >

IMF predicts 2020 recession   

The International Monetary Fund said it expects a global recession this year
that will be at least as severe as the downturn during the financial crisis
more than a decade ago, followed by a recovery in 2021. Nearly 80 countries
have asked the Washington-based IMF for emergency finance, managing director
Kristalina Georgieva said in a statement Monday following a conference call
of Group of 20 finance ministers and central bankers. Georgieva said the
fund strongly supports extraordinary fiscal actions already taken by many
countries and welcomes easing moves by major central banks.
<http://www.bulls.co.zw/> Read more >

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

Bulawayo Set To Have A 50 MW Solar Plant

The country's second-largest city is set to have a 50MW solar plant as a
power company AP Power Zimbabwe Private Limited reportedly notified ZERA of
its intention to erect a solar plant in Bulawayo's Nondwene District, Sunday
News reports. According to the publication, the advert communicating AP
Power Zimbabwe Private Limited's intentions reads: Notice is hereby issued
that Zera has received an application from AP Power Zimbabwe Private Limited
to construct, own, operate and maintain a 50-megawatt solar power plant in
Upper Nondwene, Bulawayo district, Bulawayo Province of Zimbabwe.
<http://www.bulls.co.zw/> Read more >

Crowded open markets face closure   

The Mbare Fresh Produce Market, Mupedzanhamo and other public markets with
huge traffic can be closed any time if there is need to do so as a way of
stopping the spread of coronavirus in the country, President Mnangagwa has
hinted. Government spared them in a raft of new measures announced by
President Mnangagwa on Monday night to prevent the spread of coronavirus,
but introduced screening at points of entry.  <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

Top private sector executives to head ZIDA   

Top executives from the private sector have been appointed by President
Mnangagwa to head the new streamlined Zimbabwe Investment Development
Agency, which has the remit to ensure that the Government's policy on the
ease of doing business is implemented in the new one-stop environment. Mr
Busisa Moyo, the CEO of United Refineries, will chair the board while Mr
Douglas Tawanda Munatsi, a top private sector investment executive, moves in
as the ZIDA chief executive officer.  <http://www.bulls.co.zw/> Read more >

Make soap, sanitisers affordable - CCZ   

The Consumer Council of Zimbabwe (CCZ) has urged relevant authorities to
make affordable and avail sanitisers and soap as basic commodities to reduce
the spread of the deadly Covid-19. Alcohol-based hand sanitiser, which
contains at least 60 percent alcohol was considered a helpful measure in
preventing the spread of Covid-19. Since the outbreak of Covid-19, sales of
hand sanitisers have soared and it became a highly sought-after product that
pharmacies and supermarkets have started limiting the number of products
that people can buy at once.  <http://www.bulls.co.zw/> Read more >

Benefits of containerisation in African agriculture   

Post-harvest handling and storage of agriculture produce remain the biggest
challenges for the majority of African smallholder farmers. Unfortunately,
most solutions being pushed are designed to get surplus commodities moving
quickly from farming areas to the market. Solutions that enable farmers to
hold onto their produce and sell profitably rather than be pushed to sell by
the condition of the commodity are largely missing.  This is where
containerisation becomes a solution.  <http://www.bulls.co.zw/> Read more >

Govt introduces mandatory liming   

Contract farmers with acidic soils will be compelled to apply lime in the
next summer cropping season to derive maximum benefits from the expensive
fertilisers they apply. The Ministry of Lands, Agriculture, Water and Rural
Resettlement is set to roll out a policy of mandatory application of
agricultural lime to correct the soil pH since many Zimbabwean soils are
acidic. Soil pH is a measure of the quality of the soil and its ability to
avail nutrients to the crop. When pH is very low, less than 5,0, nutrient
uptake will be less than 45 percent, meaning 55 percent of the nutrients
will not be used by the crop and this results in losses.
<http://www.bulls.co.zw/> Read more >

Company challenges USD-Zimdollar ruling   

THE legal validity of a Supreme Court judgment which converted United States
dollar debts to the Zimdollar at a rate of 1:1 in line with Statutory
Instrument 33 of 2019, must be tested by a nine-judge panel of the
Constitutional Court, according to lawyers acting for NR Barber, a mining
company, locked in a fierce legal battle with Zambezi Gas Pvt Ltd. NR Barber
is basing its challenge on its submission that the Statutory Instrument was
unconstitutional and that it should have been declared so at the appeal
hearing which overturned a previous High Court ruling that debts in US
dollars retained their value in that currency.  <http://www.bulls.co.zw/>
Read more >

Metropolitan Bank launches telephone banking system   

Metropolitan Bank of Zimbabwe scored a first last night by launching a
telephone banking system allowing a client's banking transaction to be done
on the telephone. Metropolitan Bank opened its doors last year in January
and is the second bank in Africa after one in South Africa to offer
telephone banking. The general manager of the bank, Mr Lovemore Mango, said
it is an interactive voice response system to customer inquiries and is
available round the clock.  <http://www.bulls.co.zw/> Read more >

Zim introduces new transfer pricing return for taxpayers   

ZIMBABWE has introduced an advance version of the transfer pricing return
that taxpayers are directed to file with their annual self-assessment
corporate income tax return for the year ended 31 December 2019. Transfer
pricing is one of the most topical issues in the international tax discourse
and represents one of the highest risks to the tax bases of most developing
economies, including Africa.  <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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