Bulls n Bears Investors Notebook Issue 155:23 August 2018

Thu Aug 23 09:54:16 CAT 2018

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Bulls n Bears Investors Notebook Issue 155:23 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

US hits Chinese pipes with 132% import duties

WASHINGTON. - On the eve of renewing talks to try to defuse the spiraling
trade dispute with China, the US Commerce Department hit the country with
import duties of 132.
<http://www.bulls.co.zw/2018/08/23/us-hits-chinese-pipes-with-132-import-dut
ies/> Read more >

Chinese firm launches $832 million Zambia copper mine

LUSAKA. - NFC Africa, majority owned by China Non-ferrous Metals Company
Limited (CNMC), yesterday launched output at a new $832 million Zambian
copper mine, extending the firm's lifespan by over.
<http://www.bulls.co.zw/2018/08/23/chinese-firm-launches-832-million-zambia-
copper-mine/> Read more >

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

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

Export business reforms gather pace

Government has covered reasonable ground towards improving the ease of doing
export business, amid indications that players in the pharmaceutical and
jewellery sectors are already benefiting from some of the.
<http://www.bulls.co.zw/2018/08/23/export-business-reforms-gather-pace/>
Read more >

Schweppes sees huge potential in citrus fruit production

BEITBridge Juicing (BBJ), a unit of Schweppes Holdings Africa Limited, says
there is huge untapped potential for investment in citrus production in
Zimbabwe. Shashe co-operative members pick oranges for processing.
<http://www.bulls.co.zw/2018/08/23/schweppes-sees-huge-potential-in-citrus-f
ruit-production/> Read more >

Old Mutual investment returns on listed equities down

Old Mutual Zimbabwe (Old Mutual) has reported that profit after tax tumbled
40% to $53,9 million in the first half of 2018 from $89,3 million in the
comparable period last.
<http://www.bulls.co.zw/2018/08/23/old-mutual-investment-returns-on-listed-e
quities-down/> Read more >

Why RBZ cash injections won't ease crisis

SINCE the Reserve Bank of Zimbabwe (RBZ) announced incremental cash
injections into the economy in July, bank queues have persisted; demand for
foreign exchange has remained high while the parallel.
<http://www.bulls.co.zw/2018/08/23/why-rbz-cash-injections-wont-ease-crisis/
> Read more >

Lancashire Steel secures investor

KWEKWE-based company, Lancashire Steel, has secured an Indian investor,
Whinstone Enterprises and is set to resume operations soon. The company
suspended operations in 2010 after facing operational challenges owing
mainly..
<http://www.bulls.co.zw/2018/08/23/lancashire-steel-secures-investor/> Read
more >

 <mailto:info at bulls.co.zw> 

'Diversify to increase mineral commodities'

PERMANENT Secretary in the Ministry of Mines and Mining Development, Mr
Munesuishe Munodawafa, has implored the mining sector to embark on
diversification programmes to increase the number of mineral commodities.
<http://www.bulls.co.zw/2018/08/23/diversify-to-increase-mineral-commodities
/> Read more >

Cigar tobacco output hits 24 500kg

Zimbabwe's cigar wrapper tobacco crop has continued to be popular with
farmers with 24 500 kg having been produced during the 2018 marketing
season. The high value tobacco brand is.
<http://www.bulls.co.zw/2018/08/23/cigar-tobacco-output-hits-24-500kg/> Read
more >

 <mailto:info at bulls.co.zw> 

SA firm stalls Salene Chrome acquisition

South African chrome and platinum group metal (PGM) producer Tharisa Plc has
announced a delay in the completion of its acquisition of Salene Chrome
Zimbabwe (Pvt) Limited in view of.
<http://www.bulls.co.zw/2018/08/23/sa-firm-stalls-salene-chrome-acquisition/
> 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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