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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr><td width=638 valign=top style='width:478.8pt;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal><o:p> </o:p></p></td></tr><tr><td width=638 valign=top style='width:478.8pt;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='line-height:115%'><a name="_Hlk95685055"><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Start doing big things, spree USD 10 today and invest in a place that can host 5,000 people indoors in Harare</span></a><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI Emoji",sans-serif'>👇</span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Welcome to On a Date with a listed company on the Zimbabwe Stock Exchange (ZSE)<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>THREAD: On a Date with Rainbow Tourism Group Limited (RTG)<o:p></o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=484 height=208 style='width:5.0416in;height:2.1666in' id="Picture_x0020_14" src="cid:image002.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>#1. History, <o:p></o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1953, Hotel Victoria is built which will be later renamed to Bulawayo Sun and Bulawayo Rainbow Hotel.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1955, The Ambassador Hotel is built with the aim to host government officials, foreign diplomats. <o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1972, A'Zambezi River Lodge built.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=464 style='width:6.5in;height:4.8333in' id="Picture_x0020_13" src="cid:image003.jpg@01D8EF9C.EC610EB0" alt="A map of a city
Description automatically generated with medium confidence"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1974, A 44 room Rainbow Hotel is constructed by Gardini & Sons in Victoria Falls. <o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1983, Government of Zimbabwe (GoZ) commissions the construction of a 5</span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI Emoji",sans-serif'>⭐</span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'> hotel and conference center in Harare.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1985, The GoZ project is completed, Sheraton Hotel is opened.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=467 style='width:6.5in;height:4.8666in' id="Picture_x0020_12" src="cid:image005.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Sheraton Hotel is handed over to an international management consultant to expertly run the hotel under a known brand Sheraton.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>The conference centre is named Harare International Conference Centre (HICC) operated by the Ministry of Environment and Tourism<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1986, Zimbabwe Tourist Development Corporation (ZTDC) takes over, Victoria Falls Rainbow Hotel, Ambassador Hotel, A'Zambezi River Lodge<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>The ZTDC is a parastatal which had been formed 2 years early with a mandate to develop the tourism sector.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=590 height=390 style='width:6.15in;height:4.0666in' id="Picture_x0020_11" src="cid:image006.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1989, ZTDC Act is amended to create a commercial arm which becomes the Zimbabwe Tourism Investment Company (ZTIC) a year later<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1992, Commercial assets are transferred to ZTIC from ZTDC and Ministry of Environment & Tourism. 2 years later ZTIC rename to RTG<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1995, RTG acquires Kadoma Ranch and Bulawayo Sun Hotel which it acquires after 2 years changing its name to Bulawayo Rainbow Hotel<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>1999, listing of RTG on the ZSE which is followed by the non renewal of a management contract with Starwood Hotels and Resorts<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=345 style='width:6.5in;height:3.5916in' id="Picture_x0020_10" src="cid:image007.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Starwood Hotels and Resorts had bought ITT Sheraton 7 years earlier which owned the Sheraton brand.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>2006, RTG merges the Sheraton Hotel and HICC renaming it Rainbow Towers Hotel and Conference Centre the management is localized<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=338 height=168 style='width:3.525in;height:1.75in' id="Picture_x0020_9" src="cid:image008.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>2013, USD14.5 million is raised through a mix of debt and equity to recapitalize the business and restructure short term debts.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>2018, RTG establish a tour operation, Heritage Expeditions Africa and an e-commerce platform, Gateway Stream<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>#2. Operations,<o:p></o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>RTG is in the tourism and hospitality sector. It has 3 distinct operations which are complementary<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=735 style='width:6.5in;height:7.6583in' id="Picture_x0020_8" src="cid:image009.jpg@01D8EF9C.EC610EB0" alt="Timeline
Description automatically generated"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Hotel Operations,<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>The central unit is made of,<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l0 level1 lfo1'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>6 hotels of different stars<o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l0 level1 lfo1'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>+876 rooms <o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l0 level1 lfo1'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>+7440 conference capacity<o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>3 hotels are leased with the major landlord being GoZ.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>The hotels are located in Harare, Bulawayo, Kadoma and Victoria Falls.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=358 style='width:6.5in;height:3.725in' id="Picture_x0020_7" src="cid:image010.jpg@01D8EF9C.EC610EB0" alt="Graphical user interface, website
Description automatically generated"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Tour Operations,<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>A specialist in providing packages that target those seeking,<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo2'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Adventure, Full day team building activities <o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo2'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Wildlife Safari, tours to Hwange National Park<o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo2'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Historical & Cultural Experiences<o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>across Southern and Eastern Africa<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=700 style='width:6.5in;height:7.2916in' id="Picture_x0020_6" src="cid:image011.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>E-commerce operations<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Gateway Stream is a one stop online marketplace that offers a diverse range of products and experience.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Through the platform it has managed to become a leading provider of accommodation rooms in 26 African countries.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=468 style='width:6.5in;height:4.875in' id="Picture_x0020_5" src="cid:image012.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>#3. Competitors,<o:p></o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>RTG is leading player in the tourism, hospitality and e-commerce sector <o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>However in its current markets it has a number of key rivals including,<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>• African Sun, owner of 6 hotels in Harare, Bulawayo, Victoria <o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>• Pamushana Africa Group<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=600 height=600 style='width:6.25in;height:6.25in' id="Picture_x0020_4" src="cid:image013.jpg@01D8EF9C.EC610EB0" alt="A picture containing grass, outdoor, sky, standing
Description automatically generated"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Masawara, owner of Cresta Hotels (Cresta Churchill, Jameson, Sprayview and Oasis<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>EcoCash Holdings, owner of an online marketplace Ownai which sells a number of items.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Nesbitt Hospitality Group which owns N1 hotels in Harare, Bulawayo and Victoria Falls<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>#4. Share Price<o:p></o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>ZWL8.12 per share as at 03 Nov, 2022.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>ZWL7.80 per share on the 4th of January 2022.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Up 4.10% YTD vs ZSE ALSI at 40.33%<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=Default style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><em><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:windowtext;background:white;font-style:normal'>2,495,495,543,100<b> </b></span></em></span><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:windowtext'>issued shares, ZWL 20.263bn market cap, US$32.5m @RBZ Interbank <o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>#5. Shareholding,<o:p></o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>91.60% of RTG is controlled by National Social Security Authority (NSSA) <o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>3.34% of RTG is in GoZ hands through the Ministry of Environment and Tourism<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>The GoZ built RTG but upon its listing gave up significant stake in the business.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=859 style='width:6.5in;height:8.95in' id="Picture_x0020_3" src="cid:image014.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>#6. Management,<o:p></o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Tendai Madziwanyika - CEO<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>A superb business executive who holds a Masters in Business Administration (MBA)<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Prior to joining RTG was a Managing Director at African Sun a listed hotelier.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Achievements,<o:p></o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo2'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Concluding the recapitalization plan<o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><img width=624 height=416 style='width:6.5in;height:4.3333in' id="Picture_x0020_2" src="cid:image016.jpg@01D8EF9C.EC610EB0"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo2'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Turning around the business resulting in USD 1 million profit within a year from USD 6 million loss the previous year.<o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo2'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Diversification of RTG from a hotelier focused business to an integrated experiences business.<o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraph style='margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo2'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Investing in core business<o:p></o:p></span></span></li></ul><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>#7. Pitch,<o:p></o:p></span></b></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Projected increase in international tourist arrivals as Covid-19 subsides globally. <o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>48% hotel occupancy from 24% recorded in the previous period, increases expected.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Domestic tourism is gaining traction especially on packaged tours.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Current CEO has skin in the business through his 0.04% stake.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Access to +60,000 accommodation rooms across Africa.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Complementary business units which can support a customer along their experience journey.<o:p></o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><table class=MsoTableGrid border=1 cellspacing=0 cellpadding=0 style='border-collapse:collapse;border:none'><tr><td width=623 valign=top style='width:467.5pt;border:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal style='text-align:justify;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Each week will be on a DATE with a company listed on the ZSE with Martin Mataga an Investment Democrat. <b>Twitter @MartinMataga.</b> The purpose of this thread is to assist investors to have a minimum appreciation of listed firms. Bulls n Bears has made reasonable effort to validate and update the information before circulation but the onus is on the investor consult their financial advisor. <o:p></o:p></span></span></p><p class=MsoNormal style='text-align:justify;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>Disclaimer</span></b></span><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif'>: Do not misconstrue this thread as investment advice. DATE companies before you buy their shares. <span style='color:#0F1419;background:white'>For comments and questions reply to </span></span></span><a href="mailto:bulls@bullszimbabwe.com"><span style='mso-bookmark:_Hlk95685055'><b><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:aqua;mso-highlight:aqua'>bulls@bullszimbabwe.com</span></b></span><span style='mso-bookmark:_Hlk95685055'></span></a><span style='mso-bookmark:_Hlk95685055'><span lang=EN-US style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></p></td><span style='mso-bookmark:_Hlk95685055'></span></tr></table><p class=MsoNormal style='line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:14.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='line-height:115%;background:white'><i><span style='mso-fareast-language:EN-ZW'><o:p> </o:p></span></i></p><p class=MsoNormal style='line-height:115%;background:white'><i><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Invest Wisely!</span></i><i><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></i></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p> </o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><b><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Bulls n Bears </span></b><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Telephone: <a href="tel:%2B263%204%202927658" target="_blank"><span style='color:black;text-decoration:none'>+2</span><span style='color:windowtext;text-decoration:none'>7</span></a></span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'> 71 544 4769<o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Cellphone: <a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='color:black;text-decoration:none'>+263 7</span><span style='color:windowtext;text-decoration:none'>1 9</span><span style='color:black;text-decoration:none'>44 167</span></a></span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>5<o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Alt. Email: <a href="mailto:bulls@bullszimbabwe.com">bulls@bullszimbabwe.com</a> </span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Website: <a href="http://www.bullszimbabwe.com/"><span style='text-decoration:none'>www.bullszimbabwe.com</span></a> </span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Blog: <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw" target="_blank"><span style='color:black;text-decoration:none'>www.bulls.co.zw/blog</span></a></span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Twitter: @bullsbears2010</span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>LinkedIn: Bulls n Bears Zimbabwe</span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>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><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='line-height:115%'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'>Skype: Bulls.Bears <o:p></o:p></span></p><p class=MsoNormal style='line-height:115%'><span style='font-size:12.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><img border=0 width=246 height=120 style='width:2.5666in;height:1.25in' id="Picture_x0020_1" src="cid:image017.png@01D8EF9C.EC610EB0" alt="cid:image007.png@01D8D251.2F5DF3E0"><o:p></o:p></span></p><p class=MsoNormal style='line-height:115%'><span style='font-size:12.0pt;line-height:115%;font-family:"Georgia",serif;mso-fareast-language:EN-ZW'><o:p> </o:p></span></p><p class=MsoNormal><o:p> </o:p></p></td></tr></table></div><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>