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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal style='margin-left:36.0pt'><o:p> </o:p></p><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=887 style='width:665.4pt;border-collapse:collapse'><tr><td width=880 colspan=4 valign=top style='width:660.25pt;padding:0cm 5.4pt 0cm 5.4pt'><h1 style='margin-left:26.1pt;line-height:105%'><span style='mso-fareast-language:EN-US'><img width=278 height=111 id="_x0000_i1025" src="cid:image001.png@01D7DB21.07B316E0"><!--[if gte mso 9]><xml>
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</xml><![endif]--></span><span style='mso-fareast-language:EN-US'><o:p></o:p></span></h1></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:solid #D9D9D9 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:105%'><b><u><span style='font-family:"Verdana",sans-serif;color:#002060;mso-fareast-language:EN-US'><o:p><span style='text-decoration:none'> </span></o:p></span></u></b></p><p class=MsoNormal style='margin-left:26.1pt;text-indent:-1.35pt;line-height:105%'><span style='mso-fareast-language:EN-US'><a href="http://www.bullszimbabwe.com"><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0'>Bullszimbabwe.com </span></b><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0;text-decoration:none'> </span></b></a></span><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0;mso-fareast-language:EN-US'> </span></b><span style='mso-fareast-language:EN-US'><a href="mailto:bulls@bulls.co.zw"><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0'>Views & Comments</span></b></a></span><span class=MsoHyperlink><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0;mso-fareast-language:EN-US;text-decoration:none'> </span></b></span><span style='mso-fareast-language:EN-US'><a href="http://www.bullszimbabwe.com"><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0'>Bullish Thoughts</span></b></a></span><span class=MsoHyperlink><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0;mso-fareast-language:EN-US;text-decoration:none'> </span></b></span><span style='mso-fareast-language:EN-US'><a href="http://www.twitter.com/BullsBears2010"><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0'>Twitter</span></b></a></span><span class=MsoHyperlink><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0;mso-fareast-language:EN-US;text-decoration:none'> </span></b></span><span style='mso-fareast-language:EN-US'><a href="https://www.facebook.com/BullsBearsZimbabwe"><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0'>Facebook</span></b></a></span><span class=MsoHyperlink><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0;mso-fareast-language:EN-US;text-decoration:none'> </span></b></span><span style='mso-fareast-language:EN-US'><a href="http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72"><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0'>LinkedIn</span></b></a></span><span class=MsoHyperlink><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0;mso-fareast-language:EN-US;text-decoration:none'> </span></b></span><span style='mso-fareast-language:EN-US'><a href="mailto:info@bulls.co.zw?subject=Unsubscribe"><b><span style='font-size:8.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:#0070C0'>Unsubscribe</span></b></a></span><span class=style30><span style='font-size:8.0pt;line-height:105%;color:#00B050'><o:p></o:p></span></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> </span><o:p></o:p></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoSubtitle style='line-height:105%'><span class=style30><b><span style='color:black'><o:p> </o:p></span></b></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> </span><o:p></o:p></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:26.1pt;line-height:105%'><span class=style30><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Bulls n Bears Daily Market Commentary : 16 November 2021</span></b></span><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></b></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:1.0pt'><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:1.0pt'><p class=MsoNormal align=center style='text-align:center;line-height:105%'><a href="mailto:info@bulls.co.zw"><span style='color:windowtext;text-decoration:none'><img border=0 width=804 height=272 id="Picture_x0020_5" src="cid:image002.jpg@01D7DB21.07B316E0"></span></a><span class=style30><b><o:p></o:p></b></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:1.0pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> </span><o:p></o:p></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:7.2pt'><td width=881 colspan=5 valign=top style='width:661.0pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:7.2pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><br>ZSE commentary<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The ZSE continues to inch down for the second day this week in sluggish trades as investors continued to choose discretion over valor as they await new policy signals from government. Activity levels were below recent average at 366 trades. Delta was the most active stock at 48 trades followed by OK Zimbabwe and Star Africa at 31 and 24 trades respectively. Investor sentiment was negative after the session yielded 20 decliners against 10 risers while seven of the active stocks remained unchanged. Delta anchored both volume and value aggregate trading 921 900 shares with a value of ZW$167.4 million contributing 62.68% to total turnover.<br><br><o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The All-Share Index shaded 0.37% to close at 12 330.22 points. The Top 10 Index lost 0.52%. The Top 15 Index also shaded 0.48%. The Medium Cap Index was up by a paltry 0.02% to 21 784.07 points whilst the Small Cap Index shaded a marginal 0.02% to 397 388.42 points. Leading the risers pack of the day was CBZ Holdings adding 13.45% and Get Bucks Microfinance Bank up by 8.89%. Cassava gained 4.36% and ZB Holdings gained 2.67% to 7700c. Seed Co was up by 2.07%. Mitigating the gains were losses in Art Corporation and Delta Corporation which shaded 8.33% and 5.93% respectively. Innscor was down by 2.71% to 19 071.23c. OK Zimbabwe and Nampak pared 2.06% and 1.79% respectively. The Old Mutual Top Ten ETF closed at 499.99c up by 0.13% after 38 040 units were traded worth ZW$190 196 in 22 trades. wealthaccess<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;color:#1F497D'><img border=0 width=762 height=259 id="_x0000_i1029" src="cid:image003.jpg@01D7DB21.07B316E0"></span><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Global Currencies & Equity Markets<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>South Africa<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Rand trades firmer ahead of SA Reserve Bank monetary policy meeting<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The rand was firm in early trade on Tuesday, holding on to gains made in the previous session, as traders awaited the South African Reserve Bank's monetary policy decision due later in the week.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>At 06.15 GMT, the rand traded 15.2350 against the dollar, 0.1 percent firmer than its close on Monday when the currency was buoyed by improving global sentiment as upbeat Chinese economic data eased concerns about a slowdown in the world's second-largest economy.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Investors are awaiting domestic inflation data, due alongside retail sales data on Wednesday, and the South African Reserve Bank's (SARB) monetary policy committee meeting.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>"The market focus remains on the SARB MPC, although there does not appear to be a consensus view yet on any action from the central bank," Nedbank analysts said in a note.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The central bank starts its three-day monetary policy committee meeting later in the day, with the decision on interest rates due on Thursday.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The SARB slashed its repo rate by 300 basis points last year to a record low as the economy battled the coronavirus crisis. However, inflation has accelerated since July's 4.6 percent year-on-year, to 5 percent in September.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>A Reuters poll found 13 of 20 economists surveyed between November 10 and12 said the repo rate would be kept unchanged at 3.50 percent, while the other seven predicted a hike of 25 basis points.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>But in an extra question answered by 12 economists, a median of responses suggested there was an almost 50 percent chance the SARB would hike interest rates at this meeting.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>REUTERS</span><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><a href="mailto:info@bulls.co.zw"><span style='color:windowtext;text-decoration:none'><img border=0 width=804 height=272 id="Picture_x0020_3" src="cid:image002.jpg@01D7DB21.07B316E0"></span></a><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Global Markets<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Dollar dominates as inflation heats up<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>(Reuters) - Surging inflation and expectations of a potentially more hawkish Federal Reserve are accelerating a rally in the U.S. dollar, buoying the currency to a near 16-month high against its peers and putting it on pace for its biggest annual gain in six years.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>On Monday the U.S. Dollar Currency Index rose 0.3% to 95.437, its highest since July 2020.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The dollar index has rallied after hitting a multi-year low in early January<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The dollar index has rallied after hitting a multi-year low in early January<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>A number of banks including HSBC, Citi and JPMorgan have in recent days forecast more gains for the greenback, as Wall Street gauges whether rising inflation will push the Fed to speed up the unwind of its bond-buying program and raise rates more aggressively than expected.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Here is a look at some factors driving the dollar's rally.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Inflation has run hotter than expected in recent months, bolstering the argument that the Fed will have to act more aggressively to tame rising consumer prices. Higher U.S. rates tend to make some dollar-denominated assets, like Treasuries, more attractive to yield-seeking investors.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The U.S. Dollar Currency Index jumped nearly 1% last Wednesday, its largest one-day move in nearly five months, after data showed U.S. consumer prices posted their biggest annual gain in 31 years last month. read more<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>"The dollar may be in the early stages of an uptrend if higher inflation should prompt the Fed to retire its bond buying program and raise interest rates ahead of current market expectations," said Joe Manimbo, senior market analyst at Western Union Business Solutions.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The U.S. dollar index has appreciated at the start of the last four of the Fed’s hiking cycles, with a mean gain of 3.1% in the first seven months, economists at Citi noted in a recent report. The bank expects the Fed to speed up the unwind of its $120 billion a month bond buying program in January as inflation pressures mount.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>UBS Global Wealth Management analysts, meanwhile, believe a comparatively more hawkish monetary policy from the Fed could push the euro to $1.10 by the end of 2022, from $1.14 on Monday.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Net bullish positions on the dollar in futures markets have edged lower in recent weeks, though at $19.51 billion they still remain near recent highs after flipping from bearish in mid-July, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Nov. 5.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>BofA Global Research's Bull-Bear Index for exposure and view, which tracks fund managers' responses on FX surveys, recently stood close to its highest level since December 2016, indicating bullishness on the U.S. currency.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The index, which moderated slightly recently, is likely to have readjusted after the latest inflation data, BofA Global Research strategists said in a note last week.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>"Positioning is not stretched here, but has unwound the 2020 shorts," the strategists wrote.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>EMERGING MARKETS<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>A strong dollar can be particularly troublesome for emerging markets, making it more expensive for developing countries to pay down debt denominated in the U.S. currency.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The dollar is up 35% against the Turkish lira this year and has gained 5% against the Brazilian real. The MSCI Emerging Market Currency Index (.MIEM00000CUS) is up 0.9%, on pace for its smallest annual gain in three years.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>On Monday, the lira touched a fresh all-time low against the dollar as concerns of another rate cut from the central bank this week continued to weigh on the currency.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>"The Fed is starting to tighten monetary policy, worries around China and the pandemic persist, and many emerging markets won’t be able to keep up with the sound growth outlook for developed markets," Tilmann Kolb, analyst at UBS Global Wealth Management said in a note last week. "We think this means more weakness against the U.S. dollar."<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Inflation fears have raised the allure of other assets, including oil, metal and other raw materials. Some analysts believe they have also contributed to the recent rise in bitcoin, which hit a fresh record earlier this month. The world's largest cryptocurrency by market capitalization is up 120% in 2021.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>The Thomson Reuters Trust Principles.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><a href="mailto:info@bulls.co.zw"><span style='font-family:"Verdana",sans-serif;color:windowtext;text-decoration:none'><img border=0 width=300 height=296 id="_x0000_i1027" src="cid:image004.jpg@01D7DB21.07B316E0"></span></a><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Commodities Markets<br><br><o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Gold gains as inflation fears overshadow firmer dollar, yields<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>(Reuters) - Gold prices gained on Tuesday, with worries over more persistent inflation keeping bullion’s appeal as a hedge against higher prices intact, despite a stronger U.S. dollar and elevated bond yields.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Spot gold rose 0.2% to $1,865.81 per ounce by 0652 GMT. U.S. gold futures were up 0.1% to $1,868.40.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Gold prices have rallied 1.7% since last Wednesday’s surge in U.S. consumer prices last month, even as the dollar hit a 16-month high and 10-year Treasury yields moved higher.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>A stronger dollar makes gold more expensive for buyers holding other currencies, while higher yields increase the metal’s opportunity cost.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Investors now eye U.S. retail sales data due at 1330 GMT which follows last week’s weak consumer sentiment reading.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Richmond Federal Reserve President Thomas Barkin said on Monday that while the Fed will not hesitate to raise interest rates, the central bank should wait to gauge if inflation and labor shortages prove to be more long-lasting.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Rate hikes tend to weigh on gold, as higher interest rates raise the non-yielding metal’s opportunity cost.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Elsewhere, spot silver rose 0.1% to $25.06 per ounce. Platinum fell 0.2% to $1,085.28 and palladium dropped 0.9% to $2,133.89.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Our Standards: The Thomson Reuters Trust Principles.</span><span style='mso-fareast-language:EN-US'><o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.4pt;padding:0cm 0cm 0cm 0cm;height:7.2pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td></tr><tr><td width=881 colspan=5 style='width:661.0pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><strong><span style='font-family:"Verdana",sans-serif;color:#345883;mso-fareast-language:EN-US'>INVESTORS DIARY 2021</span></strong><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.4pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=221 style='width:165.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Company</span></b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p></td><td width=120 style='width:89.95pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Event</span></b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Venue</span></b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p></td><td width=175 valign=bottom style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Date & Time</span></b><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=221 valign=top style='width:165.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=120 style='width:89.95pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-size:10.0pt;line-height:106%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=175 valign=top style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-size:10.0pt;line-height:106%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=221 valign=top style='width:165.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=120 style='width:89.95pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>National Unity Day<o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=175 valign=top style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>December 22<o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=221 valign=top style='width:165.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=120 style='width:89.95pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>Christmas Day<o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=175 valign=top style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>December 25<o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=221 valign=top style='width:165.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=120 style='width:89.95pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>Boxing Day<o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=175 valign=top style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>December 26<o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=221 valign=top style='width:165.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=120 style='width:89.95pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>Public Holiday in lieu of Boxing Day falling on a Sunday<o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=175 valign=top style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>December 27<o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=221 valign=top style='width:165.7pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p></td><td width=120 style='width:89.95pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><b><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><b><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p></td><td width=175 valign=bottom style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><b><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=341 colspan=2 valign=top style='width:255.65pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Counters trading under cautionary<o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=175 valign=bottom style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=341 colspan=2 valign=top style='width:255.65pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=175 valign=bottom style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=341 colspan=2 valign=top style='width:255.65pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-size:10.0pt;line-height:106%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>ART<o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-size:10.0pt;line-height:106%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>Seed co Int.<o:p></o:p></span></p></td><td width=175 valign=bottom style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-size:10.0pt;line-height:106%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=341 colspan=2 valign=top style='width:255.65pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-size:10.0pt;line-height:106%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>Starafrica<o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-size:10.0pt;line-height:106%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>Medtech<o:p></o:p></span></p></td><td width=175 valign=bottom style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoNormal style='line-height:106%'><span style='font-size:10.0pt;line-height:106%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-US'>Turnall<o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=341 colspan=2 valign=top style='width:255.65pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif;mso-fareast-language:EN-ZW'>Seed co<o:p></o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=175 valign=bottom style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='margin:0cm;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:3.25pt'><td width=341 colspan=2 valign=top style='width:255.65pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=364 style='width:273.1pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=175 valign=bottom style='width:131.5pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:39.6pt;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr style='height:99.35pt'><td width=880 colspan=4 style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:99.35pt'><p class=MsoNormal style='background:white'><i><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Invest Wisely!</span></i><o:p></o:p></p><p class=MsoNormal style='background:white'><b><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Bulls n Bears </span></b><o:p></o:p></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'> </span><o:p></o:p></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Cellphone: <a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='color:black'>+263 77 344 1674</span></a></span><o:p></o:p></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Alt. Email: <a href="mailto:info@bulls.co.zw"><span style='color:blue'>info@bulls.co.zw</span></a> </span><o:p></o:p></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Website: <a href="http://www.bullszimbabwe.com"><span style='color:#0563C1'>www.bullszimbabwe.com</span></a> </span><o:p></o:p></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Twitter: @bullsbears2010</span><o:p></o:p></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>LinkedIn: Bulls n Bears Zimbabwe</span><o:p></o:p></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Facebook: <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimbabwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA" target="_blank"><span style='color:black'>www.facebook.com/BullsBearsZimbabwe</span></a></span><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'>Skype: Bulls.Bears <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black'><img border=0 width=246 height=120 id="Picture_x0020_1" src="cid:image005.png@01D7DB21.07B316E0" alt="Bulls-&-Bears-logo-246x120"></span><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal style='line-height:106%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal style='line-height:106%'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm;height:99.35pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#1F497D;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><i><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></i></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#1F497D;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><i><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:white;mso-fareast-language:EN-US'>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.</span></i><i><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p></o:p></span></i></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><i><span lang=EN-GB style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:white;mso-fareast-language:EN-US'><o:p> </o:p></span></i></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=top style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>(c) 2021 <b>Web</b>:</span><span style='mso-fareast-language:EN-US'><a href="http://www.bullszimbabwe.com"><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black'> www.bullszimbabwe.com </span></a></span><b><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'>Email:</span></b><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> </span><span style='mso-fareast-language:EN-US'><a href="mailto:info@bulls.co.zw"><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black'>info@bulls.co.zw</span></a></span><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <b>Tel:</b> +263 4 2927658 <b>Cell:</b> +263 77 344 1674<o:p></o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr><td width=880 colspan=4 valign=bottom style='width:660.25pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='margin-left:39.6pt;line-height:105%'><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 colspan=2 style='width:4.45pt;padding:0cm 0cm 0cm 0cm'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'> <o:p></o:p></span></p></td><td style='border:none;padding:0cm 0cm 0cm 0cm' width=1><p class='MsoNormal'> </td></tr><tr height=0><td width=221 style='border:none'></td><td width=120 style='border:none'></td><td width=364 style='border:none'></td><td width=175 style='border:none'></td><td width=1 style='border:none'></td><td width=5 style='border:none'></td><td width=1 style='border:none'></td></tr></table></div><p class=MsoNormal style='margin-left:36.0pt'><o:p> </o:p></p><p class=MsoNormal style='margin-left:36.0pt'><span style='mso-fareast-language:EN-US'><o:p> </o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>