Bulls n Bears Investors Notebook Issue 614: 13 November 2020

Fri Nov 13 09:46:32 CAT 2020

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Bulls n Bears Investors Notebook Issue 614: 13 November 2020

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

Bulls 'n Bears Investors Diary: Today's Events

Afdis

AGM

virtual

13/11/2020 | 12:20pm

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

Ex-Credit Suisse boss appointed Rwanda Finance Limited board chair

Tidjane Thiam, a renowned Ivorian banker who is the immediate former Chief
Executive Officer of Swiss bank Credit Suisse, was on Wednesday, November
12, appointed by cabinet to head the Board of Rwanda Finance Limited. Rwanda
Finance Limited (RFL) is a corporation owned by the government whose primary
responsibility is to develop and promote what is known as Kigali
International Financial Centre. Thiam was appointed along with six other
members of the board of directors of the new body.
<https://bullszimbabwe.com/> Read more >

Vic Falls SEZ blueprint crafted

THE Government has started crafting a blueprint to guide the
operationalisation of the greater Victoria Falls Special Economic Zone
(SEZ). Cabinet a few months ago approved the Integrated Development
Programme/Conceptual Development Framework for the Victoria Falls-Hwange -
Binga SEZ whose idea is to integrate economic activities, catapult growth
and improve livelihoods in the province.  <https://bullszimbabwe.com/> Read
more >

 <mailto:info at bulls.co.zw> 

For more business & financial updates log onto
<http://www.bullszimbabwe.com> www.bullszimbabwe.com

Pension funds need to evolve with pandemic

Over time businesses and economies evolve; some thrive, while others die.
But the best ones are always flexible enough to align themselves with a
prevailing direction. Although the Covid-19 pandemic has had immeasurable
impact on business and economies across the globe, from another perspective
it has only accelerated their expected evolution.
<https://bullszimbabwe.com/> Read more >

Zimasco resumes operations

Zimasco has resumed ferrochrome production after having suspended production
for seven months at its plants  following a rise in global prices due to the
coronavirus. The challenges were compounded by internal factors including
high operating costs that made running of the furnaces unviable. Covid-19
surfaced in late 2019 in China and became a full-blown crisis worldwide.
Almost every country declared national emergencies to combat the spread of
the disease which has so far infected 51,5 million people and killed 1,27
million.  <https://bullszimbabwe.com/> Read more >

Prospect sets up pilot plant

Battery minerals company  Prospect Resources says it is setting up a pilot
plant to process  samples for assessment by current and potential customers.
The Australian listed firm is developing the Arcadia Lithium mine  situated
about 38km  east of the capital. In a statement, the company said the
flotation pilot plant would  produce samples for customers in the technical
and chemical markets to  obtain product qualification and maximise market
demand for Arcadia's  products.  <https://bullszimbabwe.com/> Read more >

 <mailto:info at bulls.co.zw> 

Stock exchange triggers investor interest

The recently launched Victoria Falls Stock Exchange (VFEX), is generating
interest from potential investors after it officially opened its doors late
last month. The VFEX was launched on October 23, 2020 by Finance and
Economic Development Minister Professor Mthuli Ncube in the resort town of
Victoria Falls. The exchange is operated by the Zimbabwe Stock Exchange
(ZSE).  <https://bullszimbabwe.com/> Read more >

Forex auction system bears fruit for SMEs

The Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction system has
yielded positive results for small firms, with a local start-up saying it is
now on an expansion drive on the back of the new impetus from improved
access to forex. The foreign currency auction system has largely been
credited with bringing about economic and price stability into the market
following previous waves of price distortions due to exchange rate
volatility.  <https://bullszimbabwe.com/> Read more >

Covid-19 reduces gold deliveries

Gold deliveries to Fidelity Printers and Refineries (FPR) declined 43
percent in October compared to the same period last year as production
plunged due to lock-downs imposed by many jurisdictions to curb the spread
of Covid-19. The travel restrictions curtailed movement of consumables and
hard cash, major components needed to ramp up production. FPR this October
received 1 367 tonnes of gold compared to 2 402 tonnes in the same month
last year.  <https://bullszimbabwe.com/> Read more >

World Bank lauds Zim reforms

The World Bank sees Zimbabwe's reforms fixing economic fundamentals and
economic blueprints, such as the Budget Strategy Paper and the National
Development Strategy-1 (2021-2025), as being the major planks to advancing
economic growth and give substance to the vitally needed re-engagement
drive. The bank has noted that Zimbabwe has identified the key reforms to
strengthen financial management, economic recovery and new growth.
<https://bullszimbabwe.com/> Read more >

 <mailto:info at bulls.co.zw> 

Tile producer commits to Zim

Norton-based tile manufacturing company Sunny Yi Feng (Pvt) Limited has been
attracted by investment opportunities in Zimbabwe and has committed to
promoting the country in China. The firm yesterday showed off its factory to
local councillors and political leaders from the community. Since the start
of operations last year, the tile producer has spread its wings in Zimbabwe
and can now make enough tiles to cover 60 000 square metres everyday.
<https://bullszimbabwe.com/> Read more >

Zimra seizes 9 tankers smuggling fuel

Customs authorities at Beitbridge border post are tightening screws on the
movement of commercial cargo following the interception of nine tankers
carrying 360 000 litres of fuel being smuggled from South Africa. Zimra
stood to lose around US$170 000 in import duties. Sources close to the case
said the nine tankers arrived from South Africa without any clearance
documents as now required.  <https://bullszimbabwe.com/> Read more >

October year on year inflation slows to 471,25%   

ZIMBABWE'S month-on-month inflation rate in October raced to 4,37 percent
although the widely used year-on-year inflation slowed to 471,25 percent.
According to the Zimbabwe Statistical Agency (Zimstat) the month-on-month
inflation rate in October was 4,37 percent gaining 0,54 percentage points on
the September rate of 3,83 percent. "This means that prices as measured by
the all items CPI increased by an average rate of 4,37 percent from
September 2020 to October 2020," Zimstat said.  <https://bullszimbabwe.com/>
Read more >

Treasury tightens lending conditions   

Government has moved in to protect depositors' funds and the collapse of
some financial institutions by restricting the amount of loans banks can
extend to all insiders and their related interests or close relatives. This
comes after many financial institutions went under as a result of unsound
financial management including major shareholders and senior executives
recommending dishing out of huge loans to friends, relatives and some firms
where they had stake without due diligence and proper risk assessment.
<https://bullszimbabwe.com/> Read more >

Govt to take over fresh RBZ debt   

The Reserve Bank of Zimbabwe (RBZ) is set to transfer several billions of
the debt it holds to the Ministry of Finance and Economic Development after
completing a debt consolidation exercise. This comes after Cabinet in 2013
approved the takeover of the US$1,35 billion RBZ debts by the Government in
what was expected to pave the way for the smooth recapitalisation of the
central bank.  <https://bullszimbabwe.com/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

Afdis

AGM

virtual

13/11/2020 | 12:20pm

Simbisa Brands

AGM

SAZ, Northend Close, Borrowdale, Harare as well as virtually on:
https:/escrowagm.com/eagmZim/Login.aspx

20/11/2020 | 8:15am

Axia Corporation

AGM

virtual https://escrowagm.com/eagmZim/login.aspx

24/11/2020 | 8:14am

Zimbabwe

National Unity Day

Zimbabwe

22/12/2020

Christmas Day

25/12/2020

Boxing Day

26/12/2020

New Year's Day

01/01/2021

REST OF AFRICA

Counters Trading Under Cautionary

Africansun

RioZim

CBZH

Turnall

Dawn

Unifreight

Falgold

Zimplow

Zimre

Fidelity

FM Holdings

ZPI

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.

 Invest Wisely!

Bulls n Bears 

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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.

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