Bulls n Bears Investors Notebook Issue 154:22 August 2018

Wed Aug 22 07:48:16 CAT 2018

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Bulls n Bears Investors Notebook Issue 154:22 August 2018

 <http://www.nicozdiamond.co.zw/> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Old Mutual repositions its brand and readies for growth

Following its primary listing on the Johannesburg Stock Exchange (JSE), and
secondary relisting on the Zimbabwe Stock Exchange in June 2018, Old Mutual
has unveiled a vibrant new brand identity,.
<http://www.bulls.co.zw/2018/08/22/old-mutual-repositions-its-brand-and-read
ies-for-growth/> Read more >

Prospect gets lease for lithium project

Zimbabwe's mining affairs board has given electric vehicles battery-lithium
producer Prospect Resources a mining lease that amalgamates 57 mining claims
belonging to its Arcadia lithium project located 38 kilometres east.
<http://www.bulls.co.zw/2018/08/22/prospect-gets-lease-for-lithium-project/>
Read more >

 <http://www.firstmutualproperties.co.zw/> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

Old Mutual half year operating profit up 27%

Old Mutual Zimbabwe's Group CEO has announced, during the company's
half-year analyst briefing, an operating profit of $34.3 million
representing growth of 27% for the first half of 2018. Speaking.
<http://www.bulls.co.zw/2018/08/22/old-mutual-half-year-operating-profit-up-
27/> Read more >

575 exhibitors for Harare Agricultural Show

The annual Harare Agricultural Show, which roars to life on Monday next
week, has attracted 575 exhibitors, representing a 14 percent jump from last
year's figures. This was revealed by.
<http://www.bulls.co.zw/2018/08/22/575-exhibitors-for-harare-agricultural-sh
ow/> Read more >

Mine sits on 4,8 million ounces of gold

A resource definition exercise at Isabella Gold Mine in Bubi, Matabeleland
North Province, has revealed that the mine is sitting on about 4,8 million
ounces of the yellow metal, Mines.
<http://www.bulls.co.zw/2018/08/22/mine-sits-on-48-million-ounces-of-gold/>
Read more >

Beitbridge firm to process 25k tonnes of oranges

Fruit and allied products processor Beitbridge Juicing Private Limited, is
targeting to process 25,500 tonnes of oranges at its Beitbridge plant by
2018 year end. If met, this year's output.
<http://www.bulls.co.zw/2018/08/22/beitbridge-firm-to-process-25k-tonnes-of-
oranges/> Read more >

Zim tourism buoyant

Zimbabwe's tourism sector has maintained the buoyancy witnessed prior to the
holding of the July 30 harmonised polls, an unusual trend compared to events
that characterised previous election periods, a.
<http://www.bulls.co.zw/2018/08/22/zim-tourism-buoyant/> Read more >

 <mailto:info at bulls.co.zw> 

Barclays defies economic headwinds

Barclays Bank of Zimbabwe (Barclays) defied economic headwinds to register
an after-tax profit of $13,6 million by end of June 2018 from $9,4 million
over the same period last year.
<http://www.bulls.co.zw/2018/08/22/barclays-defies-economic-headwinds/> Read
more >

NRZ reports jump in first half freight volumes

THE National Railways of Zimbabwe (NRZ) moved 1 772 million tonnes of
freight in the first seven months of the year, an 11% increase on its
performance during the same.
<http://www.bulls.co.zw/2018/08/22/nrz-reports-jump-in-first-half-freight-vo
lumes/> Read more >

 <mailto:info at bulls.co.zw> 

Fort Concrete to speed NRZ revival

GOVERNMENT says the envisaged $10 million recapitalisation of Fort Concrete
in a joint venture deal between Aveng Infraset of South Africa and the
Diaspora Infrastructure Development Group (DIDG), will speed.
<http://www.bulls.co.zw/2018/08/21/fort-concrete-to-speed-nrz-revival/> Read
more >

Steward eyes diaspora with 'vertically integrated houses'

Steward Bank, a unit of Econet Waireless, has launched an innovative housing
development scheme, which vertically integrates several of the telecoms
giant's business offerings. Econet Wireless is a key player.
<http://www.bulls.co.zw/2018/08/21/steward-eyes-diaspora-with-vertically-int
egrated-houses/> Read more >

NSSA to construct houses for injured members

The National Social Security Authority has reaffirmed its commitment to
building permanent houses for its members who get injured at their
workplaces. In an interview, NSSA spokesperson for Mashonaland West Mr
Melusi Moyo said the project is being run under the organisation's
initiative termed PROJECT DZIMBA. "We are constructing two roomed units, a
hut kitchen and a toilet for all those workers who were and are injured at
their respective workplaces resulting in them being bed-ridden or wheel
chair bound," he said.  <http://www.bulls.co.zw/> Read more >

Moti Group, ZMM deal to boost chrome output

Chrome output by small-scale producers is projected to hit one million
tonnes, a triple jump from 200 000 tonnes at present, under a funding deal
with South Africa's Moti Group, which operates African Chrome Fields Ltd in
Zimbabwe. Through its small-scale chrome mining subsidiary, Zimbabwe
Motivational Mining (ZMM), the Moti Group launched a $50 million facility
for small-scale chrome mining development in the country towards the end of
the year 2017. Wellington Takavarasha, the CEO of the Zimbabwe Miners'
Federation (ZMF), an association of artisanal and small-scale miners, said
the deal would be signed next month.  <http://www.bulls.co.zw/> Read more >

Poll dispute pushes up forex rates

Economists expect real-time gross settlement (RTGS) and EcoCash transfers to
initially gain against the United States dollar for a while once the dispute
over election results is finalised, before slumping again at the end of the
tobacco selling season currently underway. Tobacco is the country's second
largest source of foreign currency after gold. The selling season for the
golden leaf usually draws to a close at the end of September. Over the
short-term, RTGS and EcoCash rates against the dollar are seen dropping to
between 50% and 60% from current rates of between 75% and 80%.
<http://www.bulls.co.zw/> Read more >

Crazy gold stats as miners haul 21 tonnes

Gold miners have hauled 21 tonnes in seven months to July 31 this year,
shredding all records set since 2009, spurred by the exploits of small-scale
miners who have delivered. <http://www.bulls.co.zw/> Read more > 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

The Harare Agricultural Show

The Harare Agricultural Show

The Harare Agricultural Show

August 27- September 1

REST OF AFRICA

Counters Trading Under Cautionary

NicozDiamond

Ariston

Barclays

Dawn

Unifreight

Hwange

RTG

Post your event (AGM, EGM, Analysts Briefing, etc) on the Investor Diary
free of charge and reach out to the market. We have annual gold prices since
1900, monthly since January 1971 and daily prices since January 2000. We
also provide historical ZSE prices on request.

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.

Invest Wisely!

Bulls n Bears 

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