Bulls n Bears Investors Notebook Issue 504: 27 May 2020

Wed May 27 08:29:55 CAT 2020

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Bulls n Bears Investors Notebook Issue 504: 27 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

ZimTrade establishes regional export clusters

National trade development and promotion body, ZimTrade, is working on
establishing regional export clusters to facilitate the country's export
potential. This will see the trade body working with Provincial Ministers.
<http://www.bulls.co.zw/2020/05/27/zimtrade-establishes-regional-export-clus
ters/> Read more >

RBZ resolves gold forex crisis

Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya, yesterday said
the bank found a sustainable way to manage funds required to make consistent
US dollar cash payments to small.
<http://www.bulls.co.zw/2020/05/27/rbz-resolves-gold-forex-crisis/> Read
more >

 <mailto:info at bulls.co.zw> 

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

'New cotton hybrid a game changer'

Several Zimbabwean cotton farmers have embraced new hybrid seed after
recording higher yields compared with traditional pollinated varieties. Last
year, The Cotton Company of Zimbabwe (Cottco), introduced the hybrid
variety.
<http://www.bulls.co.zw/2020/05/27/new-cotton-hybrid-a-game-changer/> Read
more >

Zim tourism sector calls for recovery programme

Travel and tourism players in the country have approached Government to
intervene with a recovery plan for the sector, which is among the hardest
hit by the coronavirus (Covid-19) pandemic..
<http://www.bulls.co.zw/2020/05/27/zim-tourism-sector-calls-for-recovery-pro
gramme/> Read more >

Gold miners get 100pc USD

State gold buying entity, Fidelity Printers and Refineries (FPR), has
finally yielded to pressure from gold miners and will with immediate effect
settle payments 100 percent in US Dollars. FPR.
<http://www.bulls.co.zw/2020/05/27/gold-miners-get-100pc-usd/> Read more >

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

Duty on flour, maize meal suspended

Customs duty on imported wheat flour and maize meal has been suspended for
six months from 22 May to 21 November in terms of regulations gazetted
yesterday by Minister of.
<http://www.bulls.co.zw/2020/05/27/duty-on-flour-maize-meal-suspended/> Read
more >

Court upholds suspension of EcoCash agents

The Reserve Bank of Zimbabwe (RBZ) acted within its mandate when it
suspended EcoCash mobile money agents from conducting financial transactions
to curb abuse, the High Court has ruled, and.
<http://www.bulls.co.zw/2020/05/27/court-upholds-suspension-of-ecocash-agent
s/> Read more >

 <mailto:info at bulls.co.zw> 

GMB takes delivery of 24 000t of maize

The Grain Marketing Board has now received 23 952 tonnes of maize since the
beginning of the marketing season on April 1, almost three times the 8 952
tonnes delivered.
<http://www.bulls.co.zw/2020/05/27/gmb-takes-delivery-of-24-000t-of-maize/>
Read more >

16 companies in soup for short changing consumers

AT least 16 registered companies were caught short-changing consumers by
selling underweight goods, mainly bread and meat but in two cases maize
meal, in the first quarter of this year.
<http://www.bulls.co.zw/2020/05/27/16-companies-in-soup-for-short-changing-c
onsumers/> Read more >

Bank restructures loans, repayments

LISTED financial services provider, First Capital Bank, has resolved to
restructure some of its clients' loans and repayments in light of the impact
of Covid-19. The financial institution said the.
<http://www.bulls.co.zw/2020/05/27/bank-restructures-loans-repayments/> Read
more >

Motorists shun forex fuel

MOTORISTS in Bulawayo are shunning service stations which sell fuel in
foreign currency and opting to fill their tanks from those charging in local
currency as the exchange rate continues.
<http://www.bulls.co.zw/2020/05/27/motorists-shun-forex-fuel/> Read more >

Erratic power supplies cripple Murowa output

MUROWA Diamonds recorded a seven percent decline in output to 685 000 carats
in the financial year ended December 31, 2019 due to erratic power supplies.
In the comparable period.
<http://www.bulls.co.zw/2020/05/27/erratic-power-supplies-cripple-murowa-out
put/> 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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