Bulls n Bears Investors Notebook Issue 505: 29 May 2020

Fri May 29 07:41:50 CAT 2020

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Bulls n Bears Investors Notebook Issue 505: 29 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

'Retained forex to drive mines viability'

Zimbabwe's mines have hailed the decision by Fidelity Printers and Refiners
(FPR) to increase the foreign currency retention threshold for gold miners
as a step in the right direction and.
<http://www.bulls.co.zw/2020/05/29/retained-forex-to-drive-mines-viability/>
Read more >

Economic growth slows down

Zimbabwe's economy is expected to slow down this year owing to the Covid-19
pandemic, a Cabinet Minister said on Wednesday. Addressing a post Cabinet
media briefing, Information, Publicity and Broadcasting.
<http://www.bulls.co.zw/2020/05/29/economic-growth-slows-down/> Read more >

 <mailto:info at bulls.co.zw> 

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

Cotton farmers seek US dollar payments

Several Zimbabwean cotton farmers are increasingly worried over the
continued depreciation of the domestic currency and want to be partly paid
in US dollars during the next marketing season, a.
<http://www.bulls.co.zw/2020/05/29/cotton-farmers-seek-us-dollar-payments/>
Read more >

Vaya Africa launches electric vehicle

Vaya Africa has launched an electric vehicle service in Zimbabwe as part of
the company's roll-out strategy across Africa. "We are excited to launch the
'VAYA Electric' vehicle today (yesterday).
<http://www.bulls.co.zw/2020/05/29/vaya-africa-launches-electric-vehicle/>
Read more >

Farmers against tobacco ban

The ongoing tobacco ban is setting back transformation in the business
environment and severely impacting black farmers and businesspeople, lobby
groups have said. Government has "done a deal with the.
<http://www.bulls.co.zw/2020/05/29/farmers-against-tobacco-ban/> Read more >

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

Central bank sets new limits for ZIPIT transactions

People using the mobile ZIPIT platform to make near instant payments have
been limited to a total of $20 000 a day and $100 000 a month in efforts to.
<http://www.bulls.co.zw/2020/05/29/central-bank-sets-new-limits-for-zipit-tr
ansactions/> Read more >

Smallholder piggery scheme launched

SMALLHOLDER farmers will benefit from a piggery scheme under the
Presidential Livestock Inputs Support Programme, launched by President
Mnangagwa in Harare yesterday. The programme will see an initial 10 000.
<http://www.bulls.co.zw/2020/05/29/smallholder-piggery-scheme-launched/>
Read more >

 <mailto:info at bulls.co.zw> 

Treasury, RBZ work on pricing measures

The Reserve Bank of Zimbabwe (RBZ) and Treasury will soon come up with
monetary and fiscal measures to cushion consumers from escalating prices of
basic food items, legislators heard yesterday..
<http://www.bulls.co.zw/2020/05/29/treasury-rbz-work-on-pricing-measures/>
Read more >

Relief for small fuel importers

Small fuel companies are now allowed to import fuel after the High Court on
Wednesday overturned the decision by the Zimbabwe Energy Regulatory
Authority (Zera) to issue import licences to.
<http://www.bulls.co.zw/2020/05/29/relief-for-small-fuel-importers/> Read
more >

Fresh twist to CAPS shareholding

Fresh details have emerged over the ownership of pharmaceutical firm, CAPS
Holdings, amid revelations that the 68 percent shareholding Government
claims to have bought from businessman, Fred Mutanda, was never.
<http://www.bulls.co.zw/2020/05/29/fresh-twist-to-caps-shareholding/> Read
more >

Cassava share price unfazed by allegations

Cassava Smartech like the rest of the Zimbabwe Stock Exchange listed stocks,
has continued to record significant gains, shrugging off serious allegations
and litigations levelled against its biggest subsidiary and.
<http://www.bulls.co.zw/2020/05/29/cassava-share-price-unfazed-by-allegation
s/> Read more >

Gold miners go unpaid for six weeks

Zimbabwe's large-scale gold miners risk suffering disruption to production
and also plunging into viability challenges following revelations a good
number of them have not received payment for gold deliveries for.
<http://www.bulls.co.zw/2020/05/29/gold-miners-go-unpaid-for-six-weeks/>
Read more >

Hotel cancellations hit African Sun

Hospitality group, African Sun, says it lost significant business after more
than 31 000 room nights were cancelled following closure of its hotels due
to the Covid-19 pandemic. The pandemic,.
<http://www.bulls.co.zw/2020/05/29/hotel-cancellations-hit-african-sun/>
Read more >

Stock Market Weekly Review

The market surge continued on the Zimbabwe Stock Exchange (ZSE) as a bullish
sentiment prevailed during the week with all indicators closing in the
positive. The primary indicator, the ZSE.
<http://www.bulls.co.zw/2020/05/29/stock-market-weekly-review-6/> 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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