Bulls n Bears Investors Notebook Issue 499: 19 May 2020

Tue May 19 11:13:46 CAT 2020

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Bulls n Bears Investors Notebook Issue 499: 19 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

Covid-19 impact to show in Innscor's Q4

Listed conglomerate, Innscor Limited, is likely to feel the impact of
Covid-19 in the current quarter. Zimbabwe imposed an initial level 5
lockdown from March 30, which has since been.
<http://www.bulls.co.zw/2020/05/19/covid-19-impact-to-show-in-innscors-q4/>
Read more >

RioZim gold production slumps 41%

LISTED diversified mining concern, RioZim has recorded a 41 percent decline
in gold production in the first quarter ended March 31, 2020 from its local
operations on the back of.
<http://www.bulls.co.zw/2020/05/19/riozim-gold-production-slumps-41/> Read
more >

 <mailto:info at bulls.co.zw> 

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

National Foods scales up subsidised milling operations

AGRO-INDUSTRIAL concern, National Foods has milled 48 000 tonnes of maize
meal under the Government's subsidised mealie-meal programme, which helped
boost the company's volumes in the period ended March 31,.
<http://www.bulls.co.zw/2020/05/19/national-foods-scales-up-subsidised-milli
ng-operations/> Read more >

Comesa cuts budget, eases export/import restrictions to combat Covid-19
impact

THE Council of Ministers for the Common Market for Eastern and Southern
Africa (Comesa) has cut the budget for the Secretariat by 10 percent and
agreed on the need to.
<http://www.bulls.co.zw/2020/05/19/comesa-cuts-budget-eases-export-import-re
strictions-to-combat-covid-19-impact/> Read more >

57% don't contribute in budget consultations

ABOUT 57,3% of Zimbabwean citizens have never participated in pre-budget
consultations, a new survey report has revealed. Pre-budget consultations
are an important exercise aimed at strengthening Parliament and citizens'
role..
<http://www.bulls.co.zw/2020/05/19/57-dont-contribute-in-budget-consultation
s/> Read more >

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

Late opening of cotton market affects farmers

Some cotton farmers have expressed concern over the late start of the
marketing season as Government is yet to announce the producer price for
this year. The season normally starts.
<http://www.bulls.co.zw/2020/05/19/late-opening-of-cotton-market-affects-far
mers/> Read more >

TIMB reviews tobacco selling conditions

The Tobacco Industry and Marketing Board (TIMB), has relaxed part of the
stringent conditions for tobacco marketing this year that were adopted to
prevent and minimise the spread of Covid-19..
<http://www.bulls.co.zw/2020/05/19/timb-reviews-tobacco-selling-conditions/>
Read more >

 <mailto:info at bulls.co.zw> 

Mozambique natural gas to boost region

Skilled English-speaking Zimbabweans are set to benefit from the
multi-billion dollar liquefied-natural-gas project in Mozambique. The US
Export-Import Bank approved the broadened scope of a US$4,7 billion loan
last Thursday.
<http://www.bulls.co.zw/2020/05/19/mozambique-natural-gas-to-boost-region/>
Read more >

National Foods scales up subsidised milling operations

AGRO-INDUSTRIAL concern, National Foods has milled 48 000 tonnes of maize
meal under the Government's subsidised mealie-meal programme, which helped
boost the company's volumes in the period ended March 31,.
<http://www.bulls.co.zw/2020/05/19/national-foods-scales-up-subsidised-milli
ng-operations-2/> Read more >

NetOne probe on board members widens   

Police have widened the probe into alleged criminal abuse of office by
NetOne acting chairperson Susan Mutangadura to include another board member
Dr Ranga Mavhunga, whose company FMC Finance is alleged to have entered into
a business partnership with the State-owned mobile operator without
declaring his interests. Already, the police are keen to investigate alleged
criminal abuse of office by Mutangadura, who last week filed an urgent
chamber application seeking to block the investigators to have access to
company's documents related to the appointment of Retired Justice Moses
Chinhengo, her business associate to preside over the disciplinary hearing
of Lazarus Muchenje who was suspended in February this year.
<http://www.bulls.co.zw/> Read more >

Business backs lockdown extension   

Business leaders yesterday supported President Mnangagwa's decision to
extend the national Covid-19 lockdown indefinitely but at level two with
periodic reviews fortnightly, saying the policy would save both lives and
the economy. The national lockdown has helped the country keep the number of
Covid-19 confirmed cases at low levels but the Government has, by moving up
from level four to level two, allowed large swathes of the economy to reopen
under tight conditions that minimise risk. Confederation of Zimbabwe
Industry president Mr Henry Ruzvidzo said industrialists were supportive of
the move to avoid worst situations as witnessed in the United States and
Europe.  <http://www.bulls.co.zw/> Read more >

Talks to review data prices for e-learning ongoing   

Talks between Government and mobile phone operators are underway with a view
to reduce the price of data bundles to cater for e-learning during the
Covid-19 national lockdown period. Education has been affected by the
lockdown, as students are unable to go back to school so as to minimise the
spread of the disease, prompting calls for the education sector to adopt
e-learning. There have been concerns over high data prices in Zimbabwe, amid
fears many students will be unable to take part in e-learning.
<http://www.bulls.co.zw/> Read more >

Vendors selling underweight maize meal packs   

Vendors selling roller meal on the black-market are now adding to their
crimes by stealing some of the meal before selling underweight packs.
Unsuspecting buyers are already paying around double the subsidised $70
price for a 10kg bag, often having to pay US$4 in foreign currency. Informal
traders use queuers to get stock when supplies arrive at shops. And now
buyers of roller meal find they are getting around 9kg, or even less in some
cases, as vendors carefully open the bag and scoop out a portion before
selling the rest in the resealed bag. In recent weeks efforts have been made
to try and ensure that roller meal is sold in local shops to households, but
it is difficult to exclude those who queue, sometimes after being tipped off
by friends on the shop staff, to buy bags for resale in the black market.
<http://www.bulls.co.zw/> Read more >

Screws tightened on second-hand clothes imports   

Smugglers bringing second-hand clothes threaten programmes to contain
Covid-19, police have said. Masvingo provincial police spokesperson
Inspector Charity Mazula said people must understand the impact of Covid-19,
and stop smuggling second-hand clothes since they may potentially spread the
virus. "People need to understand that this disease is real and we will all
die if we allow people through the border line," said Insp Mazula. While the
neighbouring countries do not have too many cases of coronavirus, the
clothes which come mainly from Europe and the United States, may potentially
carry the virus, which is why Government is determined to block the threat.
<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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