Bulls n Bears Investors Notebook Issue ::: 15 January 2021

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Bulls n Bears Investors Notebook ::: 15 January 2021

 


 

 


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Quotable Quote:

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

 

NSSA refocuses investment strategy

HARARE-The National Social Security Authority (NSSA) says it is currently
implementing a refocus strategy that involves divesture, consolidation, and
optimisation of its investments to unlock value for the benefit of its
members who include pensioners and contributors. Arthur Manase, NSSA's
General Manager, in a statement said the authority will be divesting from
its 32.55% stake in Turnall and thee Authority's Board and Principals have
granted approval for the transaction. Read more
<https://bullszimbabwe.com/nssa-refocuses-investment-strategy/> >

 


 

 

 


 

Covid-19: Stanbic Bank steps up digitisation drive

Leading financial services institution, Stanbic Bank, is banking on its
innovative mobile and internet platforms to ensure its clients are well
served throughout the 30-day lockdown. The bank, which last year won the
Best Bank award by The Banker for innovative products that mitigated against
its clients ...
<https://bullszimbabwe.com/covid-19-stanbic-bank-steps-up-digitisation-drive
/> Read more>

 


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

 

ZESA plan to pay coal miners in forex reversed

Government has set aside an agreement requiring ZESA Holdings to pay half of
coal supplies in foreign currency, Energy and Power Development Minister
Zhemu Soda said. In April last year, the power utility and coal miners
agreed that 50 percent of coal be paid in foreign currency, but the
agreement had not yet been implemented due to incapacitation of ZESA.
 <https://bullszimbabwe.com/zesa-plan-to-pay-coal-miners-in-forex-reversed/>
Read more >

 


 

 

 

 


 

 

Murowa Chivi exploration inconclusive

Exploration for diamonds in Sese communal lands, Chivi by Murowa Diamond
Company is still ongoing with results so far inconclusive on whether the
area has gems that can be commercially exploited. Murowa,now officially
known as RZM Murowa Pvt (Ltd) has been combing for gems in Chivi for the
past two years. The diamond firm has more than 200 claims in the area which
reportedly has kimberlites believed to have gemstones.

 <https://bullszimbabwe.com/murowa-chivi-exploration-inconclusive/> Read
more >

 

	
 


 

 

Lafarge completes crucial test runs, US$2.2m plant bolsters expansion drive

ZIMBABWE Stock Exchange-listed cement maker Lafarge Cement yesterday said it
had completed crucial test runs on a multi-million-dollar dry mortars plant,
as work towards assembling another key plant began. A statement released to
NewsDay Business said Lafarge's latest forays would be at the heart of an
ambitious expansion strategy that is seen transforming Zimbabwe's second
biggest cement maker into a multi-product operation.

 
<https://bullszimbabwe.com/lafarge-completes-crucial-test-runs-us22m-plant-b
olsters-expansion-drive/> Read more >

 


 

 

 

 


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RBZ's OMOs keeping money supply on tight leash

The value of open market operation bills that the Reserve Bank of Zimbabwe
is using to mop up liquidity from the banking sector is currently standing
at $4 billion, as the central bank continues to keep an eye on the level of
money supply in the economy. Open market operations (OMO) in various forms
are the main mechanism through which central banks provide or withdraw
liquidity to/from the money market and signal the stance of monetary policy.
 <https://bullszimbabwe.com/rbzs-omos-keeping-money-supply-on-tight-leash/>
Read more >

 

	
 

 

 

	
 

Nheweyembwa new GetBucks CEO

GetBucks Microfinance Bank has appointed seasoned banker George Nheweyembwa
as CEO with effect from January 1 as the fintech concern realigns its
management in line with the changing environment.He took over from Terrence
Mudangwe who left the bank at the end of last year after nearly three years
at the  Before joining GetBucks, Nheweyembwa was MD of the bank's sister
company, MyBucks Mozambique.He is a former MD of ZB Bank and has also worked
for African Development Corporation, EY and First Mutual Life Assurance,
among others.
 <https://bullszimbabwe.com/nheweyembwa-new-getbucks-ceo/> Read more >

 

	
 

	
 

Tassius Chigariro appointed Old Mutual Namibia CEO

HARARE, OLD Mutual Namibia has appointed Tassius Chigariro as its new group
chief executive officer, with effect from the start of 2021.Old Mutual
Namibia's current chief executive officer, Kosmas Egumbo, will take up a new
position as executive responsible for Old Mutual's life insurance and asset
management companies across the rest of Africa. He will also have oversight
over Old Mutual Eswatini, and will be based in Johannesburg, South Africa.
 
<https://bullszimbabwe.com/tassius-chigariro-appointed-old-mutual-namibia-ce
o/> Read more >

 

	
 

 

 

	
 

Dairibord, Dendairy merger and acquisition negotiations still ongoing

DAIRIBORD Holdings Limited (DHL) merger and acquisition negotiations with
fellow dairy firm Dendairy Private Limited drags on with the former issuing
its 10th cautionary statement to the effect that discussions were still
ongoing.The planned merger and acquisition transaction negotiations with
Dendairy were first announced in July 2020 as DHL was suffering from a high
cost of stockfeeds, which had been affecting its raw milk production levels.
 
<https://bullszimbabwe.com/dairibord-dendairy-merger-and-acquisition-negotia
tions-still-ongoing/> Read more >

 

	
 

	 


 <mailto:info at bulls.co.zw> 

 

	
 

	 

	
 

COVID-19 derails Simbisa expansion plans

EXPANSION plans by Zimbabwe's largest food chain Simbisa Brands Limited's
(SBL) have been put off the rails by the fast-spreading COVID-19 pandemic
which has grounded most businesses. The company said it had plans to open
over 25 new stores and employ up to 500 new employees this year, but this
now depends on how the situation pans out at the end of the 30-day lockdown
measure imposed by government this month.
 <https://bullszimbabwe.com/covid-19-derails-simbisa-expansion-plans/> Read
more >

 

	
 

 

 

	
 

Financiers spurn NRZ

The National Railways of Zimbabwe (NRZ) is scrambling to attract fresh cash
for recapitalisation with international financiers this week saying any
investment on the national rail company will not be a viable proposition,
Business Times can report.The problem, according to several international
financiers who spoke to Business Times this week, is that NRZ is mired in a
debt overhang amounting to about US$600m, which any suitor is expected to
clear.
 <https://bullszimbabwe.com/financiers-spurn-nrz/> Read more >

 


 

 

	 

	
 

	
 

Good agric season could boost bank's lending

Good rains that the country has received this year will likely result in
banks increasing their lending levels which have been below international
benchmarks for the last couple of years. At the last official count for the
three months to September 2020, the loan to deposit ratio for the banking
sector stood at 36,75 percent.
 <https://bullszimbabwe.com/good-agric-season-could-boost-banks-lending/>
Read more >

 

	
 

 

 

	
 

Treat forex as shared resource, exporters told

THE debate on the mandatory foreign currency liquidation threshold for
exporters should be viewed from a balanced and developmental perspective
given that a number of critical but non-exporting sectors of the economy
also require hard currency, economic analysts have said.
 <https://bullszimbabwe.com/treat-forex-as-shared-resource-exporters-told/>
Read more >

 

	
 

 

 

	
 

Prospect not concerned about Zim sovereign risk

Prospect Resources says it will forge ahead with its Arcadia Lithium project
in Zimbabwe despite the country's risk profile and has put in place measures
to minimise potential impact of the sovereign risk. Assays carried out last
year have confirmed that Arcadia has the potential to be among few lithium
mines in the world to supply premium priced spodumene and petalite used in
the production glass and ceramics.
 
<https://bullszimbabwe.com/prospect-not-concerned-about-zim-sovereign-risk/>
Read more >

 

	
 

	
 


 

INVESTORS DIARY 2021

 


Company

Event

Venue

Date & Time

 


 

 


 

 

 

 

 


 

 

 

 

 


REST OF AFRICA

 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


Counters Trading Under Cautionary

 


 

 

 

 

 


ART

Seed co Int.

Dairibord

ART

	

Starafrica

Medtech

Turnall

Starafrica

 


Seed co

 

 

Seed co

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


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!

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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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