Major International Business Headlines Brief::: 22 April 2021

[Bulls n Bears]

 <https://bullszimbabwe.com/> 

 


 

 <http://www.bullszimbabwe.com> Bullszimbabwe.com
<mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments
<https://bullszimbabwe.com/category/blogs/bullish-thoughts/> Bullish
Thoughts        <http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO> WhatsApp
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

 


 

 


Major International Business Headlines Brief::: 22 April 2021

 


 

 


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

 


 

 


ü  Nigeria: Govt Urged to Create Business-Friendly Environment

ü  Namibia: Govt's N$280m Tractor Tender Questioned

ü  South Africa: R11 Billion Ploughed Into Varsity Infrastructure

ü  Tata 'sues Liberty Steel over unpaid debts'

ü  Australia provokes China anger over scrapped deals

ü  Chanel loses EU court battle over Huawei logo

ü  Daily Mail owner sues Google over search results

ü  Climate change: Shipping industry calls for new global carbon tax

ü  TikTok sued for billions over use of children's data

ü  Reopening: Gym-goers rack up millions of workouts post-lockdown

ü  U.S. senators question Apple and Google on app store dominance

ü  Credit Suisse posts 252 mln Sfr Q1 loss as Archegos wipes trading gains

ü  Asia joins global equity rebound; oil slips on COVID-19 worries

ü  Hyundai Q1 profit triples to highest in 4 years as luxury car demand
booms

ü  Tesla comes under growing China pressure after customer complaint

ü  Airbus shakes up aero parts manufacturing

ü  SAP says new cloud package a hit, confirms outlook

 

 

 

 

 

 

 

 


 <https://www.facebook.com/Hyundaizimbabwe/> 

 


 

Nigeria: Govt Urged to Create Business-Friendly Environment

The Chairman of the Association of Licensed Telecoms Operators of Nigeria
(ALTON), Mr. Gbenga Adebayo, has advised the federal government to always
receive feedback from Nigerians in good faith, instead of being on the
defensive at all times.

 

Adebayo who gave the advice while reacting to the agitations from Nigerians
who blamed the federal government for its inactions that led to the recent
siting of Twitter's African headquarters in Ghana, said harsh business
environment, coupled with policy inconsistency, must have compelled Twitter
to choose Ghana.

 

According to him, most global businesses are cut out for the long-term
operations, hence their choice for a conducive business environment.

He argued that long-term business would not survive harsh business
environment.

 

"The duty of government is to create a conducive environment for businesses
to thrive, but a situation, where government fails to create conducive
business environment, Nigerians will criticise and government must accept
such constructive criticism in good fate rather than being on the
defensive," Adebayo said

 

He further said government's policies on Ease of Doing Business most times
sound rhetoric because they are not laced with realities.

 

"The truth about Nigerian business environment is that the average business
person in Nigeria struggles and suffers to do business because of policy
summersault and harsh business environment.

 

"For example it is on paper and officially documented that airports should
not have more than one agent, but in reality, all airports in Nigeria have
several agents of government, whose actions delay the normal processes at
the airports.

 

 

"The same applies to the Nigerian land borders and sea ports. So we often
hear government say that the ease of doing business in Nigeria has improved,
but in the practical sense of it, it has not improved. "Government will tell
Nigerians that goods can now be cleared within 24 hours but there are
several goods that cannot be cleared in six months and the goods are lying
waste at our sea ports, yet the government will say the ease of doing
business has improved.

 

"Investors see all of these and they make their investment decision based on
the realities on ground."

 

Apart from the technology companies not investing in Nigeria, Nigerians who
have skills in various disciplines, are leaving the shores of the country
for greener pastures.

 

"Many Nigerians are applying for jobs outside the country, and many of them
are leaving the country, and this is so because our social economic
environment is not favorable to businesses," Adebayo added.

He said government officials travel for international forums to woo
investors but most times are not able to achieve the aim because, "there is
a gap between what Nigeria sells to investors and the reality on ground and
the investors will always do their due diligence before taking business
decisions."

 

"COVID-19 has open the realities of life to the globe and countries are
turning the disadvantages that the pandemic has brought, into realities,
which have led to diversification of economies. Investors do not take
decision based on political reasons but based on the business realities.

 

"Nigerians should therefore take a critical look at the causes why investors
are not investing in Nigeria, instead of blaming the effects of certain
decision taken by investors," Adebayo said.

 

He advised government to be consistent in policy formulation and
implementation, to be more receptive to feedbacks and accept the realities
on ground in order to make amends, "whether the feedbacks are positive or
negative."

 

"Government must improve the power sector because lack of adequate power
distribution is killing several business in Nigeria as some of them run
generators 12 hours on a daily basis to power their businesses," he
added.-This Day.

 

 

 

Namibia: Govt's N$280m Tractor Tender Questioned

The government's plan to buy 327 tractors valued at around N$280 million is
tainted by alleged irregularities.

 

This amid concerns from the African Development Bank (AfDB) which instructed
the tenders to be re-evaluated.

 

This transaction is part of the N$3 billion that Namibia borrowed from the
AfDB in March 2018.

 

Namibia will use part of that loan to buy tractors to help farmers become
more efficient with regards to food production.

 

The tractor tender started taking shape on 28 October 2020 last year when
the Ministry of Agriculture, Water and Land Reform advertised five tenders,
which were open to bidders from across the world.

 

In addition to the tractors, the government also wants to provide subsidised
inputs (seed and fertiliser) to grain and fodder-producing farmers.

 

The tenders closed on 27 November 2020.

Minister of agriculture Calle Schlettwein last week confirmed to The
Namibian that these bids were evaluated from 15 to 23 December 2020.

 

A government-appointed body, the ad hoc bid evaluation committee, was set up
to award the tenders.

 

That committee made its recommendations on who should be awarded the tenders
in January this year.

 

The AfDB, however, provided input and comments on those recommendations and
requested that the tenders be re-evaluated, Schlettwein said.

 

The committee re-evaluated the bids in March 2021 and prepared reports,
which were submitted to the AfDB on 26 and 29 March 2021 for review.

 

"To that end, the Ministry of Agriculture, Water and Land Reform is still
awaiting the response from the bank. As such, the status of the five bids
are still a work in progress, and the bids are yet to be awarded,"
Schlettwein said.

There are concerns that the process is already tainted by allegations that a
company, known for gobbling up most tenders at the agriculture ministry, has
been lobbying and applying pressure to win the tenders.

 

Sources familiar with this matter say some officials at the ministry
questioned why the company continues to be favoured for agricultural
tenders.

 

Other sources are alleging that middlemen are planning to profit from this
deal at the expense of taxpayers who will carry the burden of repaying the
AfDB loan in the long run.

 

Well-connected business people have over the years pounced on legitimate
initiatives, like the tractor tender, to enrich themselves and inflate
tender prices.

 

Sources say senior figures in the ministry have privately raised concerns
that the agriculture and lands ministry has been a hotbed of corrupt deals.

Yesterday, Schlettwein said he has cancelled similar deals at the ministry
due to suspicions of irregularities.

 

QUESTIONS

 

Schlettwein could not explain in detail the exact concerns raised by the
continental bank.

 

"This bid evaluation process is still ongoing, and therefore, as much as the
ministry subscribes to the cardinal principle of transparency and openness,
it is not at liberty to divulge recommendations of either the ad hoc bid
evaluation committee or that of the bank until the process is finalised," he
told The Namibian last week.

 

He said his ministry is not aware of any intense push to award contracts for
the five bids "to certain individuals who have for years received tenders
from the ministry".

 

"Therefore, the ministry cannot deny nor confirm that there could be such
suspicion from some quarters of the Namibian society ... " he said.

 

Schlettwein said if the suspicions are true, "the ministry would highly
welcome those in the know to furnish it with detailed information and
evidence of the facts giving rise to such suspicions to enable the ministry
to act accordingly".

 

The minister said it is "incomprehensible that an individual could
clandestinely be favoured for the award of the bids".

 

TRACTOR AND TRAILER

 

Schlettwein said the plan is to mechanise agriculture in the country, which
has up to now been labour intensive.

 

According to him, mechanisation would enhance food security at both
household and national level.

 

Schlettwein said machinery and equipment will be distributed to the various
agricultural development centres in all regions based on their needs.

 

He said the ministry will also provide services, such as subsidised
ploughing, ripping, planting, fertiliser application, weeding, the spraying
of pests, harvesting and threshing services.

 

Schlettwein said the ministry will subsidise grass harvesting, such as
mowing, raking and baling services.

 

"The ministry will also provide subsidised ploughing and planting services
to small-scale communal and resettled horticultural farmers up to a maximum
of three hectares throughout the year based on demand."

 

EAGLE EYE

 

Popular Democratic Movement (PDM) leader McHenry Venaani has for years
advocated farmers' welfare in parliament.

 

"We shall look at these tenders with an eagle eye," he said yesterday.

 

"We want officials to refrain from insider trading," Venaani said, adding
that insider trading is a serious problem.

 

"They need these resources to augment and mechanise the agricultural sector.
So I am pleading with the government through the president that these
tenders are critical, that the procurement process is above board," he
said.-Namibian.

 

 

 

South Africa: R11 Billion Ploughed Into Varsity Infrastructure

Over R11 billion has been invested in infrastructure projects across the
country's 26 public universities from 2020/21 to 2022/23.

 

Higher Education, Science and Innovation Minister, Dr Blade Nzimande, on
Wednesday said over R11.486 billion has been invested in infrastructure
projects.

 

Speaking during a visit at Imbali Education and Innovation Precinct (IEIP),
Nzimande said the department intends to partner with the private sector to
boost investment in the Technical and Vocational Education and Training
(TVET) sector infrastructure.

 

"I have restructured and streamlined infrastructure management within my
department and I appointed a Ministerial Advisory Team (MACI) on Post School
Education and Training (PSET) infrastructure, as well as established,
working together with the Development Bank of Southern Africa (DBSA), an
Infrastructure Project Management Office, with a particular focus on student
accommodation.

"We will also mobilise investment from, and establish partnerships with the
private sector in order to accelerate provision of student accommodation in
particular, within the framework of the Presidential Infrastructure
Co-ordinating Committee," Nzimande said.

 

Nzimande said in March 2020, the department invested a further R496 million
in student housing and other types of university infrastructure in
historically disadvantaged institutions, and they intend to grow investment
in this regard.

 

TVET lecturer training institute

 

The Minister emphasised that the department's focus is not only on
infrastructure, but also on lecturer training, scarce skills and curriculum
development.

 

He said the work for the establishment of a TVET lecturer training institute
in Gauteng has begun, and it is gaining momentum.

 

"The establishment of new TVET lecturer qualifications and the development
of associated programmes, and their offering by universities is also well
underway," Nzimande said.

Staffing South Africa's Universities Framework

 

He announced that the department is forging ahead with the implementation of
the Staffing South Africa's Universities Framework (SSAUF), which is one of
the department's responsive mechanisms to ensure the continuous development
of personnel at university level.

 

SSAUF is intended to support universities to recruit, develop and retain
academic staff.

 

"All five sub-programmes of the Staffing South Africa's Universities
Framework are now being implemented, including the Nurturing Emerging
Scholars Programme, the New Generation of Academics Programme, the
University Staff Doctoral Programme, the Future Professors Programme and the
Higher Education Leadership and Management Programme.

 

"The targets set by universities in response to scarce skills enrolment
plans are another milestone we achieved to ensure that we produce the skills
that our economy needs," the Minister said.-SAnews.gov.za.

 

 

 

Tata 'sues Liberty Steel over unpaid debts'

Tata is suing rival Liberty Steel over claims of unpaid debts, according to
reports.

 

The claim relates to missed payments from Liberty's flagship £100m takeover
of Tata's speciality steels business in 2017, the Daily Telegraph said.

 

Liberty Steel owner GFG Alliance is reeling from the collapse of its main
backer Greensill in early March.

 

The 2017 acquisition made GFG Alliance owner Sanjeev Gupta one of the UK's
biggest steel magnates.

 

Tata has launched proceedings against Liberty Speciality Steels, Liberty
House Group PTE and Speciality Steel UK, the Telegraph said.

 

A Tata spokesman said: "This is an active court case and as a result we are
not making any further comment."

 

GFG Alliance was approached for comment.--BBC

 

 

 

Australia provokes China anger over scrapped deals

Australia has scrapped agreements tied to China's Belt and Road initiative,
prompting anger from Beijing and adding further strain to tense relations
between the countries.

 

The federal government used new powers to rip up two deals made between the
state of Victoria and China.

 

Canberra said it was backing away from the agreements to protect Australia's
national interest.

 

The Chinese embassy in Australia branded the move "provocative".

 

It said the action by Canberra was "bound to bring further damage to
bilateral relations, and will only end up hurting itself."

 

"It further shows that the Australian government has no sincerity in
improving China-Australia relations," a spokesperson said in a statement.

 

 

It is the first time Canberra has used the powers to veto deals made by
states, local governments or public universities with foreign countries. The
laws allow the government to cancel agreements deemed to threaten
Australia's national interest.

 

In addition to the China deals, Foreign Minister Marise Payne also scrapped
agreements with Iran and Syria. They were a memorandum of understanding
sealed between Victoria's education department and Iran, signed in 2004, and
a 1999 scientific cooperation agreement signed with Syria.

 

Senator Payne said the four agreements were "inconsistent with Australia's
foreign policy or adverse to our foreign relations".

 

Speaking to the Australian Broadcasting Corporation, she defended the
government's decision and said she did not expect China to retaliate.

 

"I think Australia is acting in our national interest, we are very careful
and very considered in that approach," she told the AM radio programme.

 

Escalating tensions

The Victoria state's decision to sign up to China's Belt and Road
initiative, with two agreements in 2018 and 2019, drew criticism from the
federal government, as well as then-US Secretary of State Mike Pompeo.

 

The sweeping infrastructure project - which aims to expand global trade
links - has funded trains, roads, and ports in many countries, but has left
some saddled with debt.

 

Seen as a bold bid by President Xi Jinping for geopolitical influence the US
has been particularly critical of China's so-called "debt diplomacy".

 

Xi vows transparency over Belt and Road

The move to cut ties with the initiative comes against backdrop of
deteriorating tensions between Canberra and Beijing.

 

China is Australia's largest trading partner and before the pandemic, its
biggest source of overseas university students. Relations have worsended in
recent years, leading to diplomatic and trade ructions.

 

Trade ties have been particularly strained since Australia first called for
a rigorous investigation into the origins of the Covid-19 pandemic in April.

 

Canberra has taken other steps to curtail China's influence in the country,
including putting a ban on telecoms giant Huawei from building Australia's
5G network and tightening foreign investment laws.

 

Still, the Australian government has denied its new veto power is aimed at
China. Senator Payne said local governments and publicly funded universities
had notified her of more than 1,000 foreign deals.-BBC

 

 

 

Chanel loses EU court battle over Huawei logo

Fashion label Chanel has lost an EU court battle with Chinese technology
firm Huawei over its famous logo.

 

Judges ruled in favour of Huawei, which had sought an EU-wide trademark for
a logo it wanted to use, but the fashion house said it was too similar.

 

The EU General Court in Luxembourg ruled on Wednesday that the logos "share
some similarities but their visual differences are significant".

 

It found that Chanel's logo had more rounded curves and thicker lines.

 

In 2017, the Chinese technology firm had applied for EU trademark protection
for a logo it would use for computer hardware.

 

French firm Chanel opposed the bid, arguing the two vertical intertwining
semi-circles were too similar to its protected logo, which it uses to sell
make-up, perfumes, clothing and accessories.

 

Two years ago, the EU Intellectual Property Office dismissed Chanel's
objection, saying there was no similarity and the public were not likely to
be confused by the two.

 

Chanel then challenged the ruling at the General Court, which dismissed the
appeal on Wednesday.

 

"The figurative marks at issue are not similar. The marks must be compared
as applied for and registered, without altering their orientation," the
tribunal of judges said.

 

"In particular, Chanel's marks have more rounded curves, thicker lines and a
horizontal orientation, whereas the orientation of the Huawei mark is
vertical. Consequently, the General Court concludes that the marks are
different," it said.

 

The latest decision can also be appealed to the European Court of Justice.

 

Chanel declined to comment on the ruling.-BBC

 

 

 

Daily Mail owner sues Google over search results

The owner of the Daily Mail newspaper and MailOnline website is suing Google
over allegations the search engine manipulates search results.

 

Associated Newspapers accuses Google of having too much control over online
advertising and of downgrading links to its stories, favouring other
outlets.

 

It alleges Google "punishes" publishers in its rankings if they don't sell
enough advertising space in its marketplace.

 

Google called the claims "meritless".

 

Associated Newspapers' concerns stem from its assessment that its coverage
of the Royal Family in 2021 has been downplayed in search results.

 

For example, it claims that British users searching for broadcaster Piers
Morgan's comments on the Duchess of Sussex following an interview with Oprah
Winfrey were more likely to see articles about Morgan produced by smaller,
regional outlets.

 

That is despite the Daily Mail writing multiple stories a day about his
comments around that time and employing him as a columnist.

 

Daily Mail editor emeritus Peter Wright told the BBC's Today programme that
the search engine's alleged actions were "anti-competitive".

 

He suggested that the Daily Mail's search visibility dropped after using
online advertising techniques "which were allowing us to divert advertising
traffic away from Google to other ad exchanges, which paid better prices -
and this was their punishment".

 

"We think it's time to call this company out," he said.

 

The Daily Mail's MailOnline site is one of the world's most-read websites.
It has 75 million unique monthly visitors in the US alone, according to the
lawsuit, which was filed in New York on Tuesday.

 

'Meritless claims'

A Google spokeswoman said: "The Daily Mail's claims are completely
inaccurate.

 

"The use of our ad tech tools has no bearing on how a publisher's website
ranks in Google search.

 

"More generally, we compete in a crowded and competitive ad tech space where
publishers have and exercise multiple options. The Daily Mail itself
authorises dozens of ad tech companies to sell and manage their ad space,
including Amazon, Verizon and more. We will defend ourselves against these
meritless claims."

 

Separately, Google is facing antitrust lawsuits brought by the US Justice
Department and attorneys general in several states.

 

The technology giant has denied abusing its market power and has previously
said the ad technology market is competitive.-BBC

 

 

 

 

Climate change: Shipping industry calls for new global carbon tax

The global shipping industry is calling on the world's governments to tax
its carbon emissions.

 

Groups that represent more than 90% of the global fleet say the measure is
needed to tackle climate change.

 

"A global solution is the only one that's going to work", Guy Platten,
secretary-general of the International Chamber of Shipping told the BBC.

 

The tax would incentivise ship owners to invest in new technology, he said.

 

The shipping sector is one of the big carbon emitters, and is responsible
for more than 2% of global emissions. If the industry was a country it would
be the sixth biggest polluter, above Germany.

 

While shipping was not directly included in the Paris climate change
agreement the sector has been making efforts to clean up its act.

 

Need to cut emissions

A recognition of this need to change led the UN agency that regulates
shipping, the International Maritime Organisation (IMO), to target cuts in
greenhouse gas emissions by 2050.

 

However, this plan was criticised by environment groups which said the plan
will see emissions from ships grow for several decades.

 

There have been other efforts, including the development of a $5bn fund to
develop carbon free shipping technology.

 

But now the industry wants all governments to impose "a price on carbon" to
give ship owners a commercial imperative to change, says Mr Platten.

 

A worldwide carbon pricing scheme would need to be negotiated through the
IMO. A group led by the ICS has asked the agency for discussions to start
"as soon as possible and before 2023, with a view to taking some decisions".

 

As well as the ICS, the call has backing from the shipowner's organisation
Bimco, Cruise Lines International Association and the World Shipping
Council.

 

The timeline is a recognition that this will be a complex process that is
likely to take at least two years to enact.

 

Such a tax will almost certainly lead to extra costs for shipping companies
that will be passed on to their customers, which could be problematic for
export dependent economies.

 

Mr Platten said: "We need to reassure governments who, perhaps from the more
remote places, feel that their supply chains might be disrupted because
shipping becomes more expensive".

 

That is likely to filter through to consumers. The boss of the world's
biggest shipping company, Maersk, recently told the BBC the cost of tackling
climate change in the industry would "translate into something like six
cents per pair of sneakers".

 

Tax ideas

Amid concern that rising sea levels threaten the future of their countries,
the Pacific nations of the Marshall Islands and Solomon Islands are calling
on the IMO to introduce a $100 per tonne levy on greenhouse gas emissions.

 

This is seen as ambitious by some and it's not clear what shape a carbon tax
on the shipping industry will take.

 

It would also have a bigger impact on smaller shipping companies who are
likely to struggle more with the costs of new, cleaner technology.

 

Mr Platten said: "It's complex, it needs to be a global solution, and not
regional solutions, as has been mooted by various places around the world.
So that's why we're calling for this discussion to start now."

 

Discussions could begin at an IMO meeting in June.

 

Professor Alan McKinnon of Germany's Kuehne Logistics University says these
long-debated market-based measures are needed to cut shipping emissions.

 

"They would certainly give all the maritime stakeholders a much stronger
financial incentive to decarbonise the sector," he said.

 

Growing US influence

The call for a new tax comes on the eve of a major climate change event that
is being hosted by the US: the Leaders Summit on Climate Change.

 

Speaking on Tuesday, President Biden's special envoy for climate change John
Kerry said: "The US is committing to work with countries in the IMO to adopt
the goal of achieving net zero emissions from international shipping by no
later than 2050."

 

This follows a broader commitment by the world's biggest economy to use
trade as a tool to tackle climate change.

 

That influence could be key to getting the international agreement a new
carbon tax on shipping will need.

 

Professor McKinnon, one of the authors of a 2014 report by the
Intergovernmental Panel on Climate Change (IPCC), said: "Although the
proportion of the world's fleet of cargo vessels registered in the US is
relatively small, the country can help to drive down the carbon intensity of
global shipping in other ways."

 

"In addition to the US exerting political influence as a key member of the
IMO, its ports and businesses could require vessels to meet higher
environmental standards.

 

"The US government's pursuit of net zero shipping by 2050 now makes the
IMO's 2018 target of a 50% reduction in emissions between 2008 and 2050 look
distinctly unambitious" he added.-BBC

 

 

 

TikTok sued for billions over use of children's data

TikTok is facing a legal challenge from former children's commissioner for
England Anne Longfield over how it collects and uses children's data.

 

The claim is being filed on behalf of millions of children in the UK and EU
who have used the hugely popular video-sharing app.

 

If successful, the children affected could each be owed thousands of pounds.

 

TikTok said the case was without merit and it would fight it.

 

'Sinister'

Lawyers will allege that TikTok takes children's personal information,
including phone numbers, videos, exact location and biometric data, without
sufficient warning, transparency or the necessary consent required by law,
and without children or parents knowing what is being done with that
information.

 

In response, the video-sharing app said: "Privacy and safety are top
priorities for TikTok and we have robust policies, processes and
technologies in place to help protect all users, and our teenage users in
particular. We believe the claims lack merit and intend to vigorously defend
the action."

 

TikTok has more than 800 million users worldwide and parent firm ByteDance
made billions in profits last year, with the vast majority of that coming
via advertising revenue.

 

The claim is being launched on behalf of all children who have used TikTok
since 25 May 2018, regardless of whether they have an account or their
privacy settings. Children not wishing to be represented can opt out.

 

Ms Longfield told the BBC she was focusing on TikTok because, while all
social media platforms collected information, TikTok had "excessive" data
collection policies.

 

"TikTok is a hugely popular social media platform that has helped children
keep in touch with their friends during an incredibly difficult year.
However, behind the fun songs, dance challenges and lip-sync trends lies
something far more sinister."

 

She alleges the firm is "a data collection service that is thinly veiled as
a social network" which has "deliberately and successfully deceived
parents".

 

She added that those parents have a "right to know" what private information
is being collected via TikTok's "shadowy data collection practices".

 

The case is being represented by law firm Scott and Scott. Partner Tom
Southwell said he believed the information collected by TikTok represents "a
severe breach of UK and EU data protection law".

 

"TikTok and ByteDance's advertising revenue is built on the personal
information of its users, including children. Profiting from this
information without fulfilling its legal obligations, and its moral duty to
protect children online, is unacceptable."

 

Age verification

The case is not without precedent.

 

In 2019, the Chinese firm was given a record $5.7m fine by the Federal Trade
Commission (FTC), for mishandling children's data.

 

The firm has been fined in South Korea over how it collects children's data,
and in the UK, it has been investigated by the Information Commissioner's
Office.

 

That action revolved around Musical.ly, which was incorporated into TikTok,
knowingly hosting content published by users under the age of 13.

 

TikTok was ordered to delete the data and set up an age verification system.

 

According to Ofcom, 44% of eight to 12-year-olds in the UK use TikTok,
despite its policies forbidding under-13s on the platform.

 

Class action

The legal action against TikTok was first brought by an anonymous
12-year-old girl last year, supported by Ms Longfield.

 

At the time, Ms Longfield said she was waiting to see the result of another
case before proceeding with suing TikTok.

 

The case in question was brought by Which? director Richard Lloyd on behalf
of four million iPhone users who, he alleges, were illegally tracked by
Google.

 

Despite being launched in 2017, the case has still not had the go-ahead and
is due to be heard by the Supreme Court soon.

 

"It could be difficult for similar cases to succeed if the Supreme Court
dismisses Mr Lloyd's ability to bring his claim," said Richard Leedham,
partner at law firm Mishcon de Reya.-BBC

 

 

 

Reopening: Gym-goers rack up millions of workouts post-lockdown

Fitness fans took part in millions of workouts in the week after lockdown
restrictions eased in England.

 

The chain PureGym said that more than one million workouts took place across
the 240 sites that had reopened.

 

David Lloyd Leisure also told the BBC that footfall in its clubs in England
had been "extremely positive".

 

But the boss of trade body UK Active warned that its members had suffered
huge losses in lockdown and called for government support.

 

On Tuesday, PureGym revealed an "awful" 92% crash in annual profits to £11m
due to Covid lockdowns.

 

Revenues slumped by nearly 40% as its UK gyms were shut for half of the
year's trading days.

 

But the discount gym chain said tens of thousands of new members have joined
since restrictions eased in England.

 

Its chief executive Humphrey Cobbold said: "Whilst the financial trading
performance was frankly awful, that was out of our hands."

 

He added: "We are more than satisfied with the recent reopening in England,
which included 10 brand new sites.

 

"Member response and new joiners support our view that underlying demand for
gyms is strong."

 

Mr Cobbold told the BBC in February that it was burning about £500,000 a day
on average over eight months of closure.

 

PureGym has since reopened gyms in 240 locations in England and 40 in
Switzerland as restrictions have begun lifting. Those in Scotland are set to
reopen in April, with Wales and Northern Ireland due to follow in May.

 

David Lloyd Leisure clubs told the BBC that footfall had been "extremely
positive" across its gyms, pools and outdoors exercise classes in England
since 12 April.

 

A spokeswoman said there was a "strong indication that members are committed
to getting back to their fitness routines".

 

"Feedback from those who have returned has been incredibly positive, not
just for the facilities operating in a Covid-secure manner, but also the
chance to reconnect".

 

Huw Edwards, chief executive of industry body UK Active, said: "It's great
to see so many people returning to their local gyms, pools and leisure
centres, which proves how essential these facilities are to our communities
and how greatly they've been missed.

 

"However, our members suffered huge losses during lockdown and were closed
during their busiest months, so thousands of facilities still require
greater financial and regulatory support in order to recover."

 

He pointed out that about 400 sites across the UK had been forced to close
permanently because of the pandemic, while others may suffer if their
business model relies on indoor classes, which are not permitted until 17
May in England.

 

"Now is the time for the government to support our sector for our future
health and wellbeing," he said.--BBC

 

 

 

U.S. senators question Apple and Google on app store dominance

A panel of U.S. senators questioned officials from Apple Inc (AAPL.O) and
Alphabet Inc’s (GOOGL.O) Google on Wednesday about the dominance of their
mobile app stores and whether the companies abuse their power at the expense
of smaller competitors.

 

Amy Klobuchar, the top Senate Democrat on antitrust issues, said Apple and
Google can use their power to "exclude or suppress apps that compete with
their own products" and "charge excessive fees that affect competition."

 

App makers like music streaming service Spotify Technology SA (SPOT.N) and
dating services giant Match Group (MTCH.O), which owns the Tinder app, have
long complained that mandatory revenue sharing for sales of digital goods
and strict inclusion rules set by Apple's App Store for iPhones and iPads,
along with Google's Play store for Android devices, amount to
anticompetitive behavior.

 

Representatives for Apple and Google told senators the companies' tight
control over their stores and the associated revenue-sharing requirements
are needed to enforce and pay for security measures to protect consumers
from harmful apps and practices.

 

 

But when asked by Senator Josh Hawley, Apple's Chief Compliance Officer Kyle
Andeer would not commit to spending all of the mandatory fees on security.

 

Explanations from Andeer and Google's Wilson White, senior director for
government affairs, about why the companies' fees do not apply to Uber
Technologies Inc (UBER.N) and apps that sell physical goods also failed to
satisfy senators.

 

"I feel like unfrozen caveman lawyer," Senator Mike Lee said. "I'm not
grasping it."

 

Senator Richard Blumenthal expressed concern about a call Match said it
received late on Tuesday from its business counterpart at Google.

 

 

Match's Chief Legal Officer Jared Sine said Google wanted to know why Sine's
planned testimony, which had just been released, deviated from previous
comments the dating company had made.

 

"It looks like a threat, it talks like a threat, it's a threat," Blumenthal
said of the call, vowing to investigate Google's action further.

 

Google's White said the call reflected an effort to ask an honest question
and the company would never threaten partners.

 

In his testimony, Match's Sine argued that Google and Apple both exact an
onerous 30% of any digital transaction, raising prices for consumers.

 

 

Match pays nearly $500 million in fees to the app stores annually, the
company's single largest expense, Sine said.

 

Spotify and Match said Apple's app review process was opaque. Sine said
Apple blocked a safety update to the Tinder app meant to warn LGBTQ+ users
if they were traveling to a country where it might be dangerous to expose
their identity because Apple said the update violated the "spirit" of a new
rule.

 

But Apple would not explain how to fix the issue, Sine said. He said that
Apple approved the update two months later only after senior leaders at
Match's parent company at the time, IAC/Interactivecorp (IAC.O), raised the
issue with Apple's senior leaders.

 

The hearing came a day after Apple said it would begin selling AirTags -
which can be attached to items like car keys to help users find them when
they are lost - in direct competition with Tile, which has sold a similar
tracking device for more than a decade.

 

Apple said its AirTags were an outgrowth of its "FindMy" app, which is used
for locating lost Apple devices and to share user locations and was
introduced in 2010, before Tile's founding. Apple last month opened its
operating system up to alternative item trackers and said that Chipolo, a
startup competing with Tile and AirTags, is using the system.

 

Tile General Counsel Kirsten Daru testified Apple's FindMy program is
installed by default on Apple phones and cannot be deleted.

 

"Apple has once again exploited its market power and dominance to condition
our customers’ access to data on effectively breaking our user experience
and directing our users to FindMy," she said.

 

Our Standards: The Thomson Reuters Trust Principles.

 

 

 

 

Credit Suisse posts 252 mln Sfr Q1 loss as Archegos wipes trading gains

Credit Suisse (CSGN.S) on Thursday posted a slightly smaller-than-flagged
757 million Swiss franc first-quarter pre-tax loss, as a multi-billion
dollar hit from the collapse of U.S. investment fund Archegos stymied a
bumper trading quarter.

 

Stripping out the 4.4 billion franc charge and other significant items, the
bank said pre-tax profit would have been 3.6 billion francs, which would
have represented the bank's best quarter operationally in at least a decade.

 

A net loss of 252 million francs compared with a mean estimate of 815
million francs in the bank's own poll of 17 analysts.

 

It said it was raising capital by issuing notes convertible into 203 million
shares. read more

 

 

"The loss we report this quarter, because of (the U.S.-based hedge fund)
matter, is unacceptable," Chief Executive Thomas Gottstein said in a
statement. "We expect that our successful MCN placement today will further
strengthen our balance sheet and enable us to support the momentum in our
core franchise."

 

Credit Suisse has emerged as the bank hardest-hit from exposure to Archegos,
which collapsed when it could not meet margin calls.

 

Credit Suisse said it expects a residual impact of approximately 600 million
Swiss francs from the U.S.-based hedge fund matter in the second quarter. It
already had exited 97% of the related positions.

 

That, plus the demise of another client, Greensill Capital, has triggered
internal and external probes and the ousting of a swathe of executives.

 

 

U.S. rivals, some of which were quicker to exit trading positions as
Archegos collapsed, produced forecast-beating profit for the first quarter.
Net income at Goldman Sachs Group Inc (GS.N) rose nearly six-fold. Morgan
Stanley (MS.N) disclosed an almost $1 billion loss from Archegos yet still
reported a 150% jump in profit. read more

 

Highlighting the strong environment, Credit Suisse posted bumper earnings in
its Asia-Pacific unit up 154% year-on-year and a 25% pre-tax profit rise in
its Swiss business - the only two divisions unscathed by the recent episodes
with Archegos and Greensill.

 

Our Standards: The Thomson Reuters Trust Principles.

 

 

 

Asia joins global equity rebound; oil slips on COVID-19 worries

Asian stocks rose on Thursday, extending a rebound in global markets
following a sharp selloff earlier this week, while oil prices eased again on
worries about rising COVID-19 cases in some parts of the world.

 

Japan led gains, with the Nikkei 225 (.N225) rallying 1.7%, after sliding 2%
in each of the last two sessions.

 

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS)
rose 0.4%, following a 0.9% decline the previous day. Chinese blue chips
(.CSI300) rose 0.3%.

 

"Overall I think markets are still skewed to taking on risk, and I don't
think we've seen the final record high by any means in the U.S. stock market
or in global equities," said Kyle Rodda, a market analyst at IG in
Melbourne.

 

 

"At the end of the day, (the selloff earlier this week) was just markets
whipping around as the froth has blown off risk assets."

 

MSCI's gauge of stocks across the globe (.MIWD00000PUS) added 0.2% on
Thursday, following a 0.4% gain overnight.

 

On Tuesday, the index had slumped 0.8%, the most in four weeks, as market
sentiment soured amid concerns that record coronavirus infections in India,
likely restrictions in Japan and rising cases in Latin America will hamper
the global economic recovery.

 

On Wall Street, the S&P 500 (.SPX) rose 0.9%, reversing two days of
declines, to finish Wednesday's session just 12 points below its record
close.

 

 

"'Buy the dip' mentality appears to be back in equities," Tapas Strickland,
an analyst at National Australia Bank, wrote in a client note.

 

Oil prices slipped for a third day on concerns that surging COVID-19 cases
in India will drive down fuel demand in the world's third-biggest oil
importer, while a surprise build in U.S. stockpiles added to the negative
tone.

 

U.S. crude fell 10 cents on Thursday to $61.25 per barrel and Brent was down
10 cents to $65.22.

 

Spot gold edged higher to $1,794.32 an ounce.

 

 

U.S. Treasury yields stayed depressed, with the yield on benchmark 10-year
notes down 2 basis points at 1.5414% on Thursday, languishing near the
lowest since March 12.

 

In currency markets, the dollar remained pinned near multi-week lows against
major peers as U.S. yields stayed subdued.

 

The dollar stood at 108.04 yen , close to a seven-week low, while the euro
was quoted at $1.2037, not far from its strongest since March 3.

 

The European Central Bank decides policy later on Thursday, with no change
expected.

 

Our Standards: The Thomson Reuters Trust Principles.

 

 

 

Hyundai Q1 profit triples to highest in 4 years as luxury car demand booms

South Korea's Hyundai Motor Co (005380.KS) said on Thursday first-quarter
net profit jumped 187% to its highest in four years, in line with
expectations, as demand for its high-margin sports-utility vehicles and
premium Genesis cars boomed.

 

A global shortage of semiconductors, however, threatens to derail its growth
momentum.

 

Hyundai, which together with affiliate Kia Corp (000270.KS) is among the
world's top 10 automakers by sales, reported a net profit of 1.3 trillion
won ($1.16 billion) for the January-March period versus 463 billion a year
earlier.

 

That compared with the 1.3 trillion won forecast of analysts in the
Refinitiv SmartEstimate and was the highest since the March 2017 quarter.

 

Revenue rose 8.2% to 27.4 trillion won.

 

Demand for Hyundai's pricier cars such as SUVs and the luxury Genesis model
stood out in the first quarter.

 

While major automaking rivals including Volkswagen (VOWG_p.DE) and General
Motors (GM.N) were forced to cut production due to the global shortage of
semiconductors, Hyundai managed to stave off that in the first quarter
thanks to its healthy chip inventory. read more

 

But the South Korean automaker too has begun to run out of semiconductors
now, prompting it to temporarily pause production three times and save chips
for its most popular models. read more

 

Shares of Hyundai Motor, Asia's fifth-biggest automaker by market value,
rose 2% on Thursday after the results versus the broader market's (.KS11)
0.2% gain.

 

The stock is the third-best performer so far this year among large Asian
automakers, gaining nearly a fifth.

 

Our Standards: The Thomson Reuters Trust Principles.

 

 

 

Tesla comes under growing China pressure after customer complaint

Tesla Inc (TSLA.O) came under increased pressure in China on Wednesday from
regulators and state media after Monday's protest by a disgruntled customer
at the Shanghai auto show went viral and forced the electric car maker into
a rare apology.

 

The singling-out of Tesla in China, which accounts for 30% of the U.S.
firm's global sales and where it makes cars at its own factory in Shanghai,
comes amid ongoing U.S.-China tensions and as other foreign firms have
encountered backlash.

 

"China will continue to open up its market to foreign business, but that
does not mean foreign companies will be offered any privilege," the Global
Times, a tabloid published by the ruling Communist Party's official People's
Daily, said in an opinion piece on the "Tesla blunder".

 

On Monday, an unhappy customer clambered on top of a Tesla at the auto show
in protest over the company's handling of her complaints about
malfunctioning brakes, triggering a social media storm, with regulators and
state media also weighing-in.

 

Late on Wednesday, China's market regulator urged Tesla to ensure product
quality in the country, while the official Xinhua news agency said that
Tesla's apology was "not sincere".

 

"The arrogant and overbearing stance the company exhibited in front of the
public is repugnant and unacceptable, which could inflict serious damage on
its reputation and customer base in the Chinese market," the Global Times
write.

 

Tesla, whose cars are popular in China, declined to comment, but said in a
statement it would share data on the brake incident with regulators, after a
local regulator demanded it.

 

In videos that went viral from Monday's car show, a woman wearing a T-shirt
emblazoned with the words "The brakes don't work" shouted similar
accusations while staff and security struggled to restore calm.

 

Tesla on Tuesday apologised to Chinese consumers for not addressing the
complaint in a timely way, and said it would launch a review of its service
operations in the world's biggest auto market.

 

However, the Xinhua news agency said Tesla's apology fell short.

 

"A big company should have the responsibility of being a big company, no
company can do whatever it wants," it said in a commentary on Wednesday
night.

 

"If a company does not rectify when it has a problem, if it does not change
a problematic senior executive ... it will eventually make mistakes again,"
it said.

 

'ARROGANCE'

 

On Monday, Grace Tao, a Tesla vice-president, told a local media outlet that
"there is no possibility Tesla will compromise" and said the she suspected
that there was someone putting the customer up to the protest. The interview
prompted accusations of "arrogance" on Tesla's part from state media.

 

Meanwhile, the Global Times published a story on a deadly accident
reportedly involving a Tesla that “surfaced online on Wednesday," which it
said raises further Tesla quality control concerns.

 

Last month, Tesla came under scrutiny in China when the military banned its
cars from entering its complexes, citing security concerns over cameras in
its vehicles, sources told Reuters. Earlier this month, Tesla said cameras
in its cars are not activated outside of North America. read more

 

Chinese internet users last month began calling for boycotts of brands
including H&M (HMb.ST), Adidas (ADSGn.DE), and Nike (NKE.N) over past
statements saying they do not use cotton from Xinjiang, where some
researchers and foreign lawmakers say authorities use coercive labour to
meet seasonal needs, which China denies. read more

 

Our Standards: The Thomson Reuters Trust Principles.

 

 

 

Airbus shakes up aero parts manufacturing

Airbus (AIR.PA) has launched the biggest shake-up of its manufacturing
network in more than a decade, with large-parts activities reorganized in
France and Germany and some small-parts production hived off ahead of a
possible sale.

 

The European planemaker said on Wednesday it would combine aerostructure
assembly in France under one entity, bringing major fuselage parts plants in
St Nazaire and Nantes together with the worldwide operations of its Stelia
subsidiary.

 

In Germany, its Premium Aerotec unit will be split, with part of it combined
with manufacturing plants in Stade and some of the large Hamburg factory,
and the rest folded into a new business specialising in small mass-produced
"detail" parts.

 

"We are in the process of reviewing different ownership structures to
identify the best possible solution," a spokesman said, referring to the new
Germany-based detail-parts spin-off.

 

Those parts can range from small generic items like metal brackets costing a
few dollars to complex machined items costing tens of thousands, such as
those made in the highly automated Varel plant in Germany.

 

Also included in the new spin-off are part of the Augsburg plant in Germany
and the Brasov facility in Romania.

 

The shake-up comes two months after Chief Executive Guillaume Faury declared
aerostructures, which includes the manufacturing of fuselage parts, to be
“core” .

 

Once considered the less valuable end of the aerospace spectrum,
aerostructures are considered vital to the aerodynamically complex,
decarbonised designs of the future.

 

REVERSING POWER8

 

The rethink draws a line under efforts to sell the whole of Stelia and
PremiumAerotec - both carved out in 2009 as part of a restructuring plan
called Power8. Initial sale hopes were dashed by the financial crisis and
few buyers have emerged since.

 

However, some industry sources noted Airbus had backed away from reviewing
the Bremen plant in Germany, whose future has long been the subject of
internal debate as it handles aircraft wing work overlapping with operations
in Britain.

 

Stelia and PremiumAerotec have combined sales of 3.6 billion euros and
15,000 staff. Bringing them back under direct Airbus control could result in
significant costs and investment, Jefferies analyst Sandy Morris wrote.

 

The new industrial blueprint, which coincides with a broader restructuring
involving up to 15,000 core Airbus jobs triggered by the coronavirus
pandemic, is subject to talks with unions.

 

It will go into effect at the start of next year and its implementation will
be a priority for the company's new operations chief, Alberto Gutierrez, who
moved up from running the military aircraft business in a reshuffle last
week.

 

Discussions continue about manufacturing operations in Spain, which has been
hard hit by the halt of production of the A380 superjumbo and a slump in
demand for wide-body aircraft.

 

Airbus commercial jetmaking is spread out across a dozen or more plants in
France, Germany, Britain and Spain, with final assembly outposts in China
and the United States.

 

The company has traditionally been forced to accommodate political demands
from its core European backers to protect manufacturing sites under deals
dating back decades.

 

But the coronavirus crisis has forced it to cut costs while giving it the
opportunity to reorganize at a time when output is 40% slower than usual due
to the drop in air travel demand.

 

The shake-up appears to shy away from factory closures but leaves the door
open to greater internal competition whenever Airbus launches future
projects, industry sources said.

 

Airbus and U.S. rival Boeing (BA.N) are increasingly locked in a battle over
production strategy after a long sales boom.

 

Our Standards: The Thomson Reuters Trust Principles.

 

 

 

SAP says new cloud package a hit, confirms outlook

Software group SAP (SAPG.DE) said on Thursday its new all-in cloud package
was proving to be a hit with its customers, as it confirmed its
first-quarter results and recently raised guidance.

 

"We are seeing very strong order entry growth across our applications
portfolio," said CEO Christian Klein. SAP's new business transformation
product, Rise with SAP, was "rapidly becoming a massive accelerator".

 

SAP confirmed its guidance after earlier this month nudging up expectations
for cloud and software revenue to 23.4-23.8 billion euros ($28.15-$28.64
billion) this year, representing a rise of 1%-2% year on year. read more

 

Klein said SAP had "an absolute blowout in the cloud" in the first quarter,
with the Rise initiative driving a 19% increase in its current cloud backlog
- a management measure of incoming business - at constant currencies.

 

It also added 400 customers for S/4 HANA, its premium enterprise resource
software platform, to bring the total to 16,400, of which 9,600 are live.
Customer wins in the quarter included Google (GOOGL.O) and Toshiba (6502.T).

 

As already reported, total revenue including SAP's traditional mainstays of
license sales and service revenues, rose by 2% in the first quarter at
constant currency to 6.35 billion euros.

 

Reported operating profit was depressed by executive share compensation,
which SAP accounts for as a cash expense. After stripping out the effect of
that, adjusted operating profit rose by 24% to 1.74 billion euros at
constant currency.

 

($1 = 0.8311 euros)

 

Our Standards: The Thomson Reuters Trust Principles.

 

 

 

 


 


 


Invest Wisely!

Bulls n Bears 

 

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:         <http://www.bullszimbabwe.com> www.bullszimbabwe.com 

Blog:
<https://bullszimbabwe.com/category/blogs/bullish-thoughts/>
www.bullszimbabwe.com/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 



 

 

 


 

INVESTORS DIARY 2021

 


Company

Event

Venue

Date & Time

 


 

 

 

 

 


 

Independence Day

 

18/04/21

 


 

Public Holiday in lieu of Independence Day falling on a Sunday

 

19/04/21

 


 

Workers Day

 

01/05/21

 


FCB

AGM 

virtual

06/05/21 : 3pm

 


 

Africa Day

 

25/05/21

 


 

 

 

 

 


Companies under Cautionary

 

 

 


 

 

 

 


ART

PPC

Dairibord

 


Starafrica

Fidelity

Turnall

 


Medtech

Zimre

Nampak Zimbabwe

 


 

 

 

 


 <mailto:info at bulls.co.zw> 

 


 

 


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.

 


 

 


(c) 2021 Web: <http://www.bullszimbabwe.com>  www.bullszimbabwe.com Email:
<mailto:info at bulls.co.zw> info at bulls.co.zw Tel: +263 4 2927658 Cell: +263 77
344 1674

 


 

 

 

 

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20210422/48e3317f/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.png
Type: image/png
Size: 9458 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20210422/48e3317f/attachment-0003.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 31039 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20210422/48e3317f/attachment-0002.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.png
Type: image/png
Size: 144297 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20210422/48e3317f/attachment-0004.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.png
Type: image/png
Size: 34378 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20210422/48e3317f/attachment-0005.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.jpg
Type: image/jpeg
Size: 22328 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20210422/48e3317f/attachment-0003.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: oledata.mso
Type: application/octet-stream
Size: 65577 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20210422/48e3317f/attachment-0001.obj>