Bulls n Bears Investors Notebook Issue 592: 09 October 2020

Fri Oct 9 07:17:57 CAT 2020

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Bulls n Bears Investors Notebook Issue 592: 09 October 2020

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Govt targets 75pc industry capacity

GOVERNMENT is targeting to increase manufacturing capacity utilisation from
an average of 40 percent in 2019 to 75 percent by 2023, Finance and Economic
Development Minister Professor Mthuli Ncube says, .
<https://bullszimbabwe.com/govt-targets-75pc-industry-capacity/> Read more >

Zim dumps IMF programme

Zimbabwe is contemplating not renewing or embarking on yet another Staff
Monitored Programme with the International Monetary Fund (IMF) as
authorities believe the country can now follow through with its .
<https://bullszimbabwe.com/zim-dumps-imf-programme/> Read more >

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

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

FML gets nod for $439m capital raise

First Mutual Holdings Limited shareholders on Monday approved an ordinary
resolution that gives the company the go ahead to raise $439,2 million
(BWP61 million/US$5,3 million) by selling a 29,1 percent .
<https://bullszimbabwe.com/fml-gets-nod-for-439m-capital-raise/> Read more >

Time Zim reviews inflation basket

As the economy begins to show evidence of improvements, the so-called green
shoots, expectations still play a pivotal role in the planning matrices of
economic agents. The last two months .
<https://bullszimbabwe.com/time-zim-reviews-inflation-basket/> Read more >

Pick n Pay Zim slides into red

The Zimbabwean subsidiary of giant South African retailer, Pick n Pay,
posted a R1,7 million loss for the half year to September 2020, a drastic
slide from a profit of .
<https://bullszimbabwe.com/pick-n-pay-zim-slides-into-red/> Read more >

 <http://www.spidexmedia.com/> 

Start normalising import procurement

It now appears that the banking system is handling slightly more foreign
exchange trading than the auctions, but using the weighted average generated
by the auctions as the exchange rate. .
<https://bullszimbabwe.com/start-normalising-import-procurement/> Read more
>

Govt develops strategies for manufacturing sub-sectors

Government is developing strategies for various sub-sectors of the
manufacturing industry as it looks at boosting production, lower imports and
create jobs. In an interview with Business Weekly yesterday, Industry .
<https://bullszimbabwe.com/govt-develops-strategies-for-manufacturing-sub-se
ctors/> Read more >

Dry port to cut fuel transit costs

Plans by Zimbabwe to position itself as a regional fuel dry port using its
strategic central location and existing and planned capacity upgrades, could
cut fuel transport costs by 40 .
<https://bullszimbabwe.com/dry-port-to-cut-fuel-transit-costs/> Read more >

Low compliance blights insurance, pensions sectors

Zimbabwe's insurance and pensions sector players could be exposing
themselves to greater vulnerabilities by failing to comply with set
regulations guiding the sector. This is especially so insofar as their .
<https://bullszimbabwe.com/low-compliance-blights-insurance-pensions-sectors
/> Read more >

 <mailto:info at bulls.co.zw> 

Debts for local firms written off

Most debts owed by local public and private entities may have been written
off and companies could take advantage of negotiating with creditors to pay
lesser amounts to clean their .
<https://bullszimbabwe.com/debts-for-local-firms-written-off/> Read more >

Insiza farmers champion fodder harvesting model

FARMERS in Insiza District in Matabeleland South Province have established a
fodder production and harvesting scheme to strengthen their capacity to
adequately feed livestock and increase the value of their .
<https://bullszimbabwe.com/insiza-farmers-champion-fodder-harvesting-model/>
Read more >

Mining cadastre adoption 'long overdue'

ZIMBABWE has taken long to adopt a mining cadastre system, which is expected
to greatly assist in enhancing transparency and accountability in the
sectors' operations. A cadastre system refers to .
<https://bullszimbabwe.com/mining-cadastre-adoption-long-overdue/> Read more
>

Chitungwiza to demolish illegal settlements

Chitungwiza Municipality is set to demolish houses and other buildings in 35
illegal settlements across the town, in a move that could leave hundreds of
families homeless. Structures that will .
<https://bullszimbabwe.com/chitungwiza-to-demolish-illegal-settlements/>
Read more >

Mimosa supports devolution

Mimosa Mining Company is pursuing mutually beneficial investment
opportunities and identifying non-mining community-based projects in its
quest to improve the lives of people in communities where it operates as
well .  <https://bullszimbabwe.com/mimosa-supports-devolution/> Read more  >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

African Sun

EGM

Virtual

13/10/2020 | 10:00 am

-Zimplow

EGM

Virtual

15/10/2020 | 10:00 am

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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