Bulls n Bears Investors Notebook Issue 488: 01 May 2020

Fri May 1 11:37:13 CAT 2020

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Bulls n Bears Investors Notebook Issue 488: 01 May 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

Invictus, equity fund ink deal

INVICTUS Energy, an Australia Stock Exchange (ASX) listed junior oil and gas
exploration company advancing the Muzarabani project in Zimbabwe, has signed
an equity subscription agreement with a leading local.
<http://www.bulls.co.zw/2020/05/01/invictus-equity-fund-ink-deal/> Read more
>

Reduce prices by 20 percent: Econet

Zimbabwe's largest mobile phone operator, Econet Wireless, has requested
suppliers to reduce prices by 20 percent in the wake of Covid-19 pandemic.
Econet, which cannot easily pass rising costs of.
<http://www.bulls.co.zw/2020/05/01/reduce-prices-by-20-percent-econet/> Read
more >

 <mailto:info at bulls.co.zw> 

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

'Proper tobacco selling can stabilise economy'

Proper management of the recently opened tobacco selling season will help
bring some level of stability in the economy, at a time the country is
battling devastating effects of Covid-19.
<http://www.bulls.co.zw/2020/05/01/proper-tobacco-selling-can-stabilise-econ
omy/> Read more >

Hotel industry recovery to take time

The tourism sector, hotels in particular, has been the most affected by
travel restrictions as well as concerns over the need to maintain physical
distancing. Government lockdown measures have also.
<http://www.bulls.co.zw/2020/05/01/hotel-industry-recovery-to-take-time/>
Read more >

'Capitalise on ACFTA delay'

Local companies should take the delay in the implementation of an
Africa-wide free-trade agreement to come-up with products that will compete
across the continent, Zimtrade chief executive officer Allan Majuru.
<http://www.bulls.co.zw/2020/05/01/capitalise-on-acfta-delay/> Read more >

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

RBZ cuts bank rate to 15 percent

THE Reserve Bank of Zimbabwe has further trimmed the lending rate to 15
percent from 25 percent per annum with effect from today, as part of
monetary policy measures to.
<http://www.bulls.co.zw/2020/05/01/rbz-cuts-bank-rate-to-15-percent/> Read
more >

Zimra Q1 revenue clocks $13,8 billion

THE Zimbabwe Revenue Authority (Zimra) has surpassed its first quarter
revenue performance by 10,42 percent to $13,88 billion underpinned by the
implementation of the Government's Transitional Stabilisation Programme.
Zimbabwe adopted.
<http://www.bulls.co.zw/2020/05/01/zimra-q1-revenue-clocks-138-billion/>
Read more >

 <mailto:info at bulls.co.zw> 

Caledonia pays 2nd quarterly dividend

CALEDONIA Mining Corporation, which owns Blanket Mine in Gwanda,
Matabeleland South province, has implemented a second quarterly dividend
payment for this year. Early last month, the mining group announced that.
<http://www.bulls.co.zw/2020/05/01/caledonia-pays-2nd-quarterly-dividend/>
Read more >

$17 million relief fund for youth businesses

REGISTERED youth entrepreneurs and associations affected by the Covid-19
pandemic are set to receive a maximum of $5 000 and $3 000 each respectively
from Government's $17 million Youth Relief.
<http://www.bulls.co.zw/2020/05/01/17-million-relief-fund-for-youth-business
es/> Read more >

Cassava rebrands medical insurance business

CASSAVA Smartech Zimbabwe has rebranded its medical insurance business
Steward Health to Maisha Health Fund. Cassava Smartech chief executive
officer, Mr Eddie Chibi, said the rebranding would reposition the business.
<http://www.bulls.co.zw/2020/05/01/cassava-rebrands-medical-insurance-busine
ss/> Read more >

President to announce package to save jobs

PRESIDENT Mnangagwa will soon announce an economic bailout package to curb
company closures and save jobs especially in industries that have severely
been affected by lockdown meant to stop the.
<http://www.bulls.co.zw/2020/05/01/president-to-announce-package-to-save-job
s/> Read more >

Indaba to seek solution to price hikes   

Some retailers have reduced prices in line with a moratorium announced by
the Government while others continue to increase prices beyond the reach of
many, Industry and Commerce Minister Dr Sekai Nzenza has said. A meeting
involving the Government, manufacturers, wholesalers and retailers, has
since been scheduled to find lasting solutions to the price issue. Prices
started going up rapidly in mid-March as rumours started circulating that
Zimbabwe was headed for a 21-day lockdown to prevent the spread of
coronavirus. <http://www.bulls.co.zw/> Read more >

Tobacco fetches US$4/kg on opening day   

The 2020 tobacco marketing season opened yesterday, amid calls for farmers
to draw lessons from the lucrative and successful tobacco industry and apply
their skills towards production of other crops to boost food production and
uplift the people's livelihoods. Tobacco is largely funded through private
contractors and loans, and tobacco farmers are considered among the most
skilled in Zimbabwe, hence the calls for them to expand operations into
other crops and for other farmers to emulate their skills. Lands,
Agriculture, Water and Rural Resettlement Minister Perrance Shiri opened the
selling season at Tobacco Sales Floor (TSF) at a ceremony witnessed by his
deputies - Cdes Vangelis Haritatos and Douglas Karoro - Tobacco Industry and
Marketing Board (TIMB) officials, farmers' unions, merchants and some
farmers. Minister Shiri announced the opening price of US$6 per kg, with the
first bale selling at US$4 per kg. <http://www.bulls.co.zw/> Read more >

Tobacco industry must allay farmer fears   

The 2020 tobacco marketing season opened yesterday, starting with the
auction sales and the larger contracted crop following. Farmers are always
nervous over two factors they cannot control, the weather and the prices
buyers will pay. Having managed, despite the far-from-ideal rainfall this
season, to produce a respectable crop, farmers are now biting their nails
over prices. Controls required to combat Covid-19 make this nervousness far
more severe, since most growers are not allowed to be physically present
when their bales are sold. Changes brought to this year's marketing season
mean most farmers will neither be able to escort their crop nor witness the
price determination process. They will have to contend with a single
representative for hundreds of individuals to keep numbers at the floors to
bare minimums. <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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