Bulls n Bears Investors Notebook Issue 503: 26 May 2020

Tue May 26 09:26:56 CAT 2020

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Bulls n Bears Investors Notebook Issue 503: 26 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

Parallel market rates a bubble: RBZ

The rapid rise in parallel market foreign currency exchange rates is
symptomatic of a bubble as it lacks any fundamental basis and could lead to
economic depression, says Reserve Bank.
<http://www.bulls.co.zw/2020/05/26/parallel-market-rates-a-bubble-rbz/> Read
more >

Masiyiwa's Re-Imagine Rural Initiative Completes 100KW Solar Project

Strive Masiyiwa's Reimagine Rural Initiative has been pretty active over the
last few years. The mandate of the initiative is to promote entrepreneurs
with solutions to improve rural Africa. The.
<http://www.bulls.co.zw/2020/05/26/masiyiwas-re-imagine-rural-initiative-com
pletes-100kw-solar-project/> Read more >

 <mailto:info at bulls.co.zw> 

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

Fidelity struggles to pay miners

Fidelity Printers and Refiners has reportedly been failing to pay small
scale gold miners on time as Covid-19 restrictions have limited flights into
the country, thereby affecting smooth importation of.
<http://www.bulls.co.zw/2020/05/26/fidelity-struggles-to-pay-miners/> Read
more >

Desperate airlines switch to cargo to stay afloat

Most passenger planes today fly virtually empty, but when Virgin Atlantic
flight VS251 landed at Heathrow Airport near London on a cloudy afternoon
late last month, most of its 258.
<http://www.bulls.co.zw/2020/05/26/desperate-airlines-switch-to-cargo-to-sta
y-afloat/> Read more >

Padenga extends diversification

Listed crocodile breeder, Padenga Holdings Limited, is extending its
diversification project through a horticulture investment. The firm is
looking to invest in the production of avocados and macadamia. Currently,
Padenga.
<http://www.bulls.co.zw/2020/05/26/padenga-extends-diversification/> Read
more >

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

RBZ directs banks to relax terms for borrowers

The Reserve Bank of Zimbabwe has directed banks to relax credit granting
requirements as it moves to provide credit support to firms that have been
hit by the coronavirus pandemic.
<http://www.bulls.co.zw/2020/05/26/rbz-directs-banks-to-relax-terms-for-borr
owers/> Read more >

Zesa cancels US$217 million deals

Zimbabwe Power Company (ZPC), a unit of state power utility ZESA Holdings,
has cancelled two multi-million dollar contracts signed with Indian
electrical engineering firm, Jaguar Overseas Limited, for the re-powering.
<http://www.bulls.co.zw/2020/05/26/zesa-cancels-us217-million-deals/> Read
more >

 <mailto:info at bulls.co.zw> 

Zimplow's Q1 in target range

Listed agricultural implements manufacturer Zimplow Holdings' business, was
largely unaffected by Covid-19 during the first three months of year
although a difficult operating environment took some toll. Locally,
Covid-19's impact.
<http://www.bulls.co.zw/2020/05/26/zimplows-q1-in-target-range/> Read more >

Spare a moment for the tobacco farmer

THE most recent statistics from the Tobacco Industry and Marketing Board
(TIMB) indicate that farmers had sold 28,2 million kilogrammes of the golden
leaf with a value of US$64,4 million.
<http://www.bulls.co.zw/2020/05/26/spare-a-moment-for-the-tobacco-farmer/>
Read more >

3 000 hectares under wheat in Midlands

ABOUT 3 000 hectares of land had been put under winter wheat in the Midlands
province by Saturday with 1 500 hectares more expected to be planted before
the end.
<http://www.bulls.co.zw/2020/05/26/3-000-hectares-under-wheat-in-midlands/>
Read more >

Govt donates 200 piglets to young farmers

GOVERNMENT has donated 200 piglets to the Youth in Agriculture Apex Council
Board (YAACB) as part of efforts to increase pork production in the country.
Young livestock farmers from Bulawayo,.
<http://www.bulls.co.zw/2020/05/26/govt-donates-200-piglets-to-young-farmers
/> Read more >

Wildlife conservation to anchor tourism revival

THE Government will continue investing more resources towards wildlife
conservation so as to sustain the growth of the tourism industry, which has
been hard hit by the global Covid-19 pandemic..
<http://www.bulls.co.zw/2020/05/26/wildlife-conservation-to-anchor-tourism-r
evival/> Read more >

Binga 'sits' on millions of dollars

BINGA district in Matabeleland North province could be sitting on millions
of dollars in untapped tourism opportunities, as it has a sand beach that is
not being utilised on the.
<http://www.bulls.co.zw/2020/05/26/binga-sits-on-millions-of-dollars/> Read
more >

Tourism recovery plan to save jobs - ZTA

ZIMBABWE Tourism Authority (ZTA) acting chief executive, Mr Givemore
Chidzidzi has said that saving jobs along the tourism value chain is at the
heart of the strategic post-Covid-19 tourism recovery.
<http://www.bulls.co.zw/2020/05/26/tourism-recovery-plan-to-save-jobs-zta/>
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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