Bulls n Bears Investors Notebook Issue 492: 07 May 2020

Thu May 7 10:33:58 CAT 2020

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Bulls n Bears Investors Notebook Issue 492: 07 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

Vic Falls bourse applauded

BUSINESS leaders in Victoria Falls have applauded the decision by Government
to launch the Victoria Falls Securities Exchange (VFEX) saying this will
attract foreign direct investment to the prime resort.
<http://www.bulls.co.zw/> Read more >

Bata Shoe company feels Covid-19 impact

GWERU-based shoe manufacturer Bata Shoe Company has said that its ability to
maintain a huge workforce is being crippled by the devastating impact of
Covid -19, which puts job security.   <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

Online shopping turns out a boon for Zimbabwe

The coronavirus outbreak and the subsequent lockdown that Zimbabwe is
currently in, has adversely affected some sections of the business sector,
with the informal sector screeching to a halt. However,..
<http://www.bulls.co.zw/> Read more >

Equities value jumps to $63bn

Equities on the Zimbabwe Stock Exchange (ZSE) firmed in the month of April
with total market value jumping 8 percent to $63 billion as investors seek a
hedge against inflation.. <http://www.bulls.co.zw/> Read more >

Boka opens Karoi tobacco auction facility

One of the largest tobacco companies in the country, Boka Tobacco Floors
(BTF), has opened a sales floor in Karoi - in Mashonaland West Province -
which comes handy in.  <http://www.bulls.co.zw/> Read more >

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

NMB Bank deposits nosedive

NMB Bank Limited recorded a 56 percent decline in deposits in its 2019
financial year, a period under which the country slid into a hyper
inflationary environment that stemmed from..  <http://www.bulls.co.zw/> Read
more >

SMEs wait for cushion fund

SMALL and Medium Enterprises (SMEs) in Bulawayo say they have been hit hard
by the adverse impact of Covid-19 and therefore desperately need the
cushioning package announced by Government recently..
<http://www.bulls.co.zw/2020/05/07/smes-wait-for-cushion-fund/> Read more >

 <mailto:info at bulls.co.zw> 

Zhovhe Estate targets 1 000 tonnes of fish annually

ZHOVE Estate has invested nearly R2 million into a fish farming project that
will see them producing more than 1 000 tonnes of fish annually. The
project, which started late.
<http://www.bulls.co.zw/2020/05/07/zhovhe-estate-targets-1-000-tonnes-of-fis
h-annually/> Read more >

Zim businesses should look beyond Covid-19

AS Zimbabwe and the whole world feel the economic impact of Covid-19, there
is a need to open businesses in a very carefully calculated manner.
<http://www.bulls.co.zw/2020/05/07/zim-businesses-should-look-beyond-covid-1
9/> Read more >

PPC Zim April sales volumes down 20% 

REGIONAL cement maker, Pretoria Portland Cement says it expects to record a
20% decline in sales volumes on its Zimbabwe subsidiary for the month of
April due to the impact of the COVID-19-imposed lockdown to contain the
spread of the virus. Zimbabwe has been under lockdown since March 30, 2020
initially for 21 days before being extended twice by 14 day periods.
Essential services have been allowed to operate. Government eased
restrictions when it announced the extension of the lockdown on Friday last
week allowing industry and commerce to resume operations on Monday this week
albeit under strict conditions. <http://www.bulls.co.zw/> Read more >

RBZ Freezes More EcoCash, OneMoney Agents- Strategy Still Not Working

The Herald reports that the Reserve Bank of Zimbabwe has closed down more
(undisclosed) mobile money agent lines in a bid to arrest the deterioration
in value of the Zimbabwe local currency. According to The Herald, the
Financial Intelligence Unit (FTU) of the central bank says that the agent
accounts were moving large values which did not make sense in relation to
the nature of businesses operated by the account owners. They quote a figure
of $75 million being moved but they don't specify over what period of time
that amount was being moved.  <http://www.bulls.co.zw/> Read more >

Econet Introduces A Cheaper e-Learning Bundle, Schools Buy It For Students &
Teachers

Econet is nobody's friend right now after the more than tippling in the
prices of some of their internet access bundles. The MNO is hoping to warm
up to schools and learners across the country with a new bundle tailored for
the current reality of students learning from home..
<http://www.bulls.co.zw/> Read more >

Industrialists see opportunities in Covid-19   

PRODUCTION has resumed across economic sectors following the easing of
Covid-19 lockdown conditions this week with industry and commerce executives
rallying economic players to produce more for local consumption and export.
Industry leaders urged companies to increase production to enhance the
country's resilience as well as cover the gap created by Covid-19
disruptions in the supply chain locally and regionally.
<http://www.bulls.co.zw/> Read more >

Zimplats Q1 production up 31 percent   

ZIMPLATS Holdings Limited says production for the first quarter to March 31,
2020 totalled 151 620 ounces, which was 31 percent above the 115 908oz
achieved the previous quarter. The mine's six elements (6E) comprise
platinum, palladium, gold, rhodium, ruthenium and iridium. During the same
period in 2019, 6E production stood at 143 446oz. "6E metal production
increased by 31 percent from the previous quarter. During the previous
period metal production was impacted by an increase in concentrate stocks
and build-up of inventory in the furnace after a major rebuild shutdown," it
said in an update.  <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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