Bulls n Bears Investors Notebook : 08 September 2021

Wed Sep 8 04:17:26 CAT 2021

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Bulls n Bears Investors Notebook : 08 September 2021

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

BAT records 27% jump in sales volumes

BRITISH American Tobacco (BAT) says increased investment-related strategies
led to a 27% rise in sales volumes compared to the same period last year
despite the challenging operating environment exacerbated by the COVID-19
pandemic. The investments were hinged on BAT's brands and its
route-to-market strategy.  <https://bullszimbabwe.com/> Read more >

Cassava revenue up 70%

CASSAVA Smartech Limited's revenue for the quarter ended August 31, 2021
increased by over 70% compared to the same period the previous year driven
by growth in transaction activity. In a trading update for the quarter,
Cassava group company secretary, Charmaine Daniels revealed that its mobile
money business continued on a steady growth trajectory with revenues
increasing by 63% during the period under review in comparison with the same
period last year.  <https://bullszimbabwe.com/> Read more >

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

Industry welcomes more trading hours

THE Confederation of Zimbabwe Industries (CZI) has said the relaxation of
restrictions under the Covid-19 level 2 lockdown regulations will allow
business to sustain gains that had been achieved under the previous
measures. This comes as President Mnangagwa, in a State of the Nation
Address (SONA) on the Covid-19 pandemic response yesterday, reviewed the
lockdown to level 2, from level 4, allowing more time for business to
operate.  <https://bullszimbabwe.com/> Read more >

Farmers use farm feed to reduce cattle deaths

SHURUGWI small-holder farmers have adopted supplementary feeding as part of
drought mitigation response strategies to alleviate cattle deaths during dry
seasons. Shurugwi District, in the Midlands Province, is prone to dry spells
due to poor rainfall patterns, which negatively affect both cropping and
livestock production.  <https://bullszimbabwe.com/> Read more >

 <mailto:info at bulls.co.zw> 

Tobacco merchants to nance woodlots

Tobacco merchants will, starting this year, be required to finance planting
of trees on 0,2 hectare woodlots, to be used in curing the crop, for every
hectare contracted in a move expected to reduce deforestation. Firewood is
the principal source of energy for curing tobacco, a major foreign currency
earner for Zimbabwe. With close to 150 000 farmers, the tobacco industry has
been largely blamed for massive destruction of the indigenous forests.
<https://bullszimbabwe.com/> Read more >

RBZ reopens $1,55bn Treasury Bond

THE Reserve Bank of Zimbabwe (RBZ) says it has reopened the $1,55 billion
two- year Treasury Bond (TB) after receiving requests from some interested
investors while the instrument will now be closed after every two weeks. The
Treasury bond which initially closed on August 18, 2021, is meant to raise
funds to finance key Government programmes, which have been a common feature
across the country since the new administration came into office in 2017.
<https://bullszimbabwe.com/> Read more >

Forex product to spur remittances

In the mid-term budget review, the Ministry of Finance indicated that
remittance flows to Zimbabwe had reached US$700 million in the first-half of
the year with analysts expecting them to surpass the US$1 billion mark by
year end. Most funds are sent for basic upkeep of relatives and loved ones
but there is a growing desire by Zimbabweans living in the diaspora to do
more than just send money for school fees and basic groceries.
<https://bullszimbabwe.com/> Read more >

Turkish investors arrive for NRZ deal

The recapitalisation of the National Railways of Zimbabwe is pacing up, with
representatives of the Turkish construction company Yapi Merkezi that is
keen to invest in the railway firm, arriving in Zimbabwe yesterday to assess
NRZ's infrastructure. The tour by the Turkish officials is a follow-up to
the visit by NRZ board members and senior management to Turkey in June this
year, where the two companies signed a memorandum of understanding (MoU) to
collaborate in the modernisation and rehabilitation of the country's railway
infrastructure..  <https://bullszimbabwe.com/> Read more >

Commuters applaud new train service

The new Harare commuter train services run by Zupco and the National
Railways of Zimbabwe started yesterday afternoon on the Mufakose route, with
those trying it out given a free test ride. The Ruwa route starts today and
the third service, the Tynwald route, starts on Monday next week.
<https://bullszimbabwe.com/> Read more >

New offer letters for farmers

Old offer letters for resettlement land and land permits are being replaced
with new documents that have improved security features to curb illegal
parcelling out of land and weed out fake offer letters. Most people who
obtained an offer letter legally and have been using their land will have
little trouble getting the new document, basically just signing a form.
<https://bullszimbabwe.com/> Read more >

AfreximBank asset base up 5,5 percent to US$20bn

THE African Export-Import Bank (AfreximBank) has grown its asset base by 5,5
percent to US$20,37 billion with a solid performance for the six months
period to 30 June 2021. During the period under review the financial
institution recorded a net income of US$168,9 million compared to US$150,75
million last year. The increase was largely due to growth in interest income
and a 13 percent decrease in interest expense arising from a cost-effective
funding mix.  <https://bullszimbabwe.com/> Read more >

Plan to turn tobacco sector into US$5bn industry approved

Cabinet received an update on the country's response to the Covid-19
Outbreak, which was presented by the Minister of Defence and War Veterans
Affairs, as Chairman of the Inter-Ministerial Task Force on the Covid-19
Response. Cabinet hereby informs the nation that as at 6 September, 2021,
Zimbabwe's cumulative Covid-19 cases had increased to 125 550, with 117 036
recoveries and 4 493 deaths. The recovery rate was 93 percent, with 99
percent of Covid-19 cases being attributed to local transmission.
<https://bullszimbabwe.com/> Read more >

Simbisa Brands opens new branch

FAST-FOOD service provider, Simbisa Brands, has opened a new branch in
Redcliff as part of a business expansion drive. Located at the recently
constructed complex at Redcliff Turnoff along the Harare-Bulawayo Highway,
the new outlet houses Chicken Inn, Pizza Inn and Baker's Inn. Simbisa
marketing manager, Fortunate Mushongande, who witnessed the official opening
event at the weekend revealed that more than 40 jobs have been created for
locals.  <https://bullszimbabwe.com/> Read more >

Zimplats declares US$85m FY dividend

ZIMBABWE'S biggest platinum miner, Zimplats, has declared US$85 million
dividend for the financial year ended June 30,2021. During the financial
year under review, the group realised revenue amounting to US$1,35 billion
compared to US$869 million in 2020 for metal sales to Impala, its parent
firm. Sales to Impala are governed by a contract, which stipulates when
payments are to be received and the prices to be effected.
<https://bullszimbabwe.com/> Read more >

'Hwange National Park needs aggressive marketing'

HWANGE National Park is Zimbabwe's largest game reserve and ranked the 10th
in Africa but is not as visible as it should be because of poor marketing.
There is inadequate signage even along the Bulawayo-Victoria Falls highway.
Motorists barely notice they are entering the sanctuary, were it not for
signs warning of danger posed by animals yet scores of tourists, both local
and international who visit Victoria Falls do not leave without a day or two
in the Hwange National Park where they enjoy viewing a variety of mammals
and bird species.  <https://bullszimbabwe.com/> Read more >

INVESTORS DIARY 2021

Company

Event

Venue

Date & Time

BAT

Analyst Briefing

H1 Virtual

September 7 -1230pm

Hippo

AGM

virtual

September 17 -  (9am)

Star Africa

AGM

virtual

September 23 -11am

National Unity Day

December 22

Christmas Day

December 25

Boxing Day

December 26

Public Holiday in lieu of Boxing Day falling on a Sunday

December 27

REST OF AFRICA

Counters Trading Under Cautionary

ART

PPC

Zimre

Starafrica

Fidelity

Turnall

Medtech

Nampak Zimbabwe

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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