Bulls n Bears Investors Notebook Issue 156:24 August 2018

Fri Aug 24 09:12:04 CAT 2018

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Bulls n Bears Investors Notebook Issue 156:24 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

Sino Zim Cement gets ISO certification 

GWERU-based cement manufacturing company Sino Zimbabwe Cement Company has
been certified by the International Organisation for Standardization (ISO).
The global standards body is non-governmental international organization
with a membership of 161 national standards bodies.
<http://www.bulls.co.zw/> Read more >

FBC records $14,8m after tax profit   

Banking group FBC Holdings Limited (FBCH) reported a 54 percent jump in
after tax profit to $14,8 million in the half year to June 30, 2018 as non-
interest income increased during the period on the back of increase in
plastic money usage. Profit before tax rose 58 percent to $18,8 million
while total income rose by 43 percent to $64,5 million. Basic earnings per
share registered a 54 percent growth to 2,31 cents per share. The group
declared an interim dividend of 0,2976 cents per share.
<http://www.bulls.co.zw/> Read more >

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

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

Poor marketing costly to business: ZimTrade   

ZIMTRADE has called on businesses to consistently execute marketing
strategies to create brand awareness saying failure to do contributes to
inability to retain a sound customer base. Speaking at the second session of
the 'Marketing and Branding for International Competitiveness (MBIC)'
training in Bulawayo yesterday, ZimTrade associate trainer Dennis Choguya
said businesses must desist from marketing their products only when faced
with viability challenges. He said seasoned conglomerates thrive on
consistency in advertising their brands to potential customers.
<http://www.bulls.co.zw/> Read more >

Tamuda Investment Group sets base in Byo   

SOUTH Africa head-quartered engineering and steel firm, Tamuda Investment
Group (TIG), has opened a steel and pipe business in Bulawayo with plans to
establish a manufacturing plant that will provide one-stop-shop engineering
services to a diversity of clients. TIG is wholly owned by Zimbabweans based
in the Diaspora who have made a decision to look at the country with keen
interest and intention of making a positive impact on efforts to rebuild the
economy.  <http://www.bulls.co.zw/> Read more >

Vast Resources eyes Zim diamonds   

Vast Resources, the London-listed company, has concluded an agreement with
Red Mercury, an investment vehicle owned by Marange-Zimunya Community Share
Ownership Trust that will see it exploiting diamonds in Chiadzwa area
believed to have great potential for significant new discoveries of alluvial
and conglomerate. Chiadzwa is the country's largest known diamond field,
where nine private investors, in partnership with the state-owned Zimbabwe
Mining Development Corporation, operated since 2010 before the government
terminated the joint ventures in 2015.  <http://www.bulls.co.zw/> Read more
>

Zimra collects $406m   

THE Zimbabwe Revenue Authority (Zimra) says revenue performance remains on a
positive trajectory, with gross collections for July hitting $406,13
million, which was 20,80 percent above target. Zimra's target for the month
was $336,20 million.  Net collections were $372,58 million after deducting
refunds amounting to $33,55 million, translating to a positive variance of
10,82 percent. In the same period last year, $286,49 million was realised,
implying that revenue collections grew by 30,05 percent this year.
<http://www.bulls.co.zw/> Read more >

Zvishavane rehabilitates roads   

Zvishavane Town Council has completed the rehabilitation of 10 kilometres of
roads in Mandava and Makwasha high density areas at a cost of $1,2 million.
Town secretary Tinoda Mukutu said the local authority was now moving to the
second phase of the road rehabilitation programme where they want to
rehabilitation another 10km stretch for $1,2 million. He said the first
phase of the exercise covered road resealing and putting storm water drains
and was being done by the contractor, Bitumen World Construction Company.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Dualisation contractor tables funding options

THE new contractor for the dualisation of the Harare-Beitbridge and
Harare-Chirundu highways, Anhui Foreign Economic Construction Group Limited
(AFECC) from China, has submitted three funding options to government under
the billion-dollar project, Southern Eye has learnt. Transport and
Infrastructural Development minister, Joram Gumbo yesterday said although
AFECC had started paperwork to commerce the project, it had tabled at least
three options on how the deal would be undertaken and State authorities are
studying them for a way forward.  <http://www.bulls.co.zw/> 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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