Cash shortages
back?
Bullish Thoughts went to his
business bank Friday afternoon to get cash for the "junta" at home's
weekend invoice.
The banking hall is also quite a
distance from the workplace, some 10km or so.
Having arrived and dully checking
the balance and satisfying self the account was fully funded, a withdrawal slip
was duly completed with a grin...you know the January grin where you behave as
if you have just picked the money in your account from the bin even if it's
yours!
Handing the teller the withdrawal
slip at this indigenous bank so much disliked by Gilbert Muponda, Bullish
Thoughts was told that he could only withdraw $500.00. Yes, $500.00!
The budget had $200 fees balance,
$50 diapers, $200 loan repayment, $50 ballet fees, new hairstyle and new shoes
for the junta, etc etc.
All the whining and complaining
yielded no more of the money in the bank.
Getting back to the office, Bullish
Thoughts did discover on his Facebook posts that he was not the only aggrieved
depositor. A number of posts were just like $500.00...argrhhhhhh!
Bullish Thoughts was therefore left
unable to "turn it up" with Miller this prejudicing Delta Beverages
bottom line as no $$$$$$ were left for the wise waters budget.
What makes Bullish Thoughts angry is
that Miller is on promotion costing only a $1 and that Gideon Gono had earlier
been quoted in the media saying the banking sector is safe.
Worse still be lady teller was rude
when asked why the there was a limit placed on withdrawals to a measly $500.00.
She was like "Ndozvatiri kuita
izvozvo!" (That's what we are doing)
Fachii!!!!
Cash
rationing is the last thing Bullish Thoughts want to experience and he is going
to redirect his business to "banks".
These days, a customer can only vote
with his feet and business/money.
No wonder why more than a $bn is floating underground!
Get your pizza
in 1 hr or go suck it up!
Bullish
Thoughts gotta say, the current level of customer service in this country is
probably something out of Jurassic Park...more like Customer service...the age of
dinosaurs!
Bullish Thoughts senior and the
little Miss Bullish Thoughts decided to treat ourselves to a Pizza in the
evening of Saturday after an extremely busy day...
"Daddy, let's go home!" had been said a dozen times during the day where daddy was
dragging her along to the office.
Finally, around 7pm, a pizza was
surely in order to try and regain the favour from the little 'junta'.
After passing through the Belgravia
food court and seeing a swarm of people, we decided on Sam Nujoma Street
Extension food court. It seemed like a wise decision... It usually is.
The lady who accepted the order
said, they had so many orders and we we going to wait between 20-25 minutes.
Well,it seemed OK under the circumstances.
10, 15, 20, 25, 30, 40, 45 minutes
and the pizza was nowhere in sight and no one even volunteered an explanation
for the inordinate delay.
50 minutes later it was discovered
that Bullish Thoughts' order had been "mysteriously" skipped by the
back office printer.
Before this communication, the pizza
had been hurriedly put on the rack or whatever it is that heats up and cooks/
fries it.
Naturally, Bullish Thoughts asked
for money back because waiting for a pizza for 60 minutes was unreasonable
anywhere in the world...never mind even trying to get it for free!
"I will give you your refund if
you no longer want to wait", came the reply.
As if we had not waited long enough!
Worse still no apology.
Perhaps it's high time I switched to
wood fired Pizza.
Marketers out there (some a even
chartered"), the customer service
mantra has gone to the hyenas!
Upcoming
corporate empires...
It was quite interesting to note
that SAKUNDA Energy is now practically
running Zimbabwe's fuel value chain...with >40% of the market share.
Bullish Thoughts says that even
though fuel is a low margin business, it's probably high time corporate
financiers did some work and convinced this business to list on the ZSE instead
of some marginal entities whose net worth is less than the wardrobe of their
sponsors.
Croco Motors is
another upcoming corporate which seems to have entrenched itself materially in
the vehicle selling and servicing. The high margin Premier Auto brand also
seems to be doing quite well if the volume of the Land & Range rovers plus
the iconic Jaguars one is seeing in Harare are anything to go by.
CFI...a smart business choice?
Bullish Thoughts found it quite
interesting that CFI seems to be now working on all the facets of the business.
Remember the proposed sale of Dore
& Pitt? Interestingly, management had thought a firm with a corporate
structure like CFI could drill boreholes profitably...just how many boreholes
can be drilled on this market? Anyway, there has been no feedback regarding the
progress registered in this fire sell.
Victoria Foods, well, rumor has it
that at one point the management were looking at an asking price of $10m...yes,
$10m for that asset. Only God knows how obsolete that plant now is!
What doesn't or isn't making sense
to Bullish Thoughts is why the company needs strategic partners for Crest
Poultry.
Are the partners going to lay eggs
or they are Brazil bred chickens?
We wait and we shall find out. It's
a mystery how one can fail to manage a chicken business!
ZEBRAS painted
black
All Bullish Thoughts can say is that
the Zebras of Botswana were painted black by Guinea. Never before has a soccer team displayed such a dull game of
soccer.
Chipolopolo: The pride of Southern
Africa
Every southerner is happy
Chipolopolo has made us proud by progressing to the quarter finals.
Bullish Thoughts gotta confess
though.
He spent the last 15 minutes of that
second half clutching his scrotum & its contents so that the Lions of
Teranga could not roar and score!
Yes, that ritual we used to do back
in primary school in the early 90s when a penalty kick was being taken!
And boy, we're the Lions of Teranga
not reduced to useless "Mofasas"?
Zambia now probably is going to play
the former Ivory Coast.
Bullish Thoughts sees this as a good
thing for Zambia.
"THE
ONLY WAY TO GET SMARTER IS TO PLAY A SMARTER OPPONENT"- FUNDAMENTALS OF
CHESS
Invest Wisely!
**The author of
this report does not hold shares in any of the companies discussed/ mentioned
in this report.
Bulls n Bears
