Bulls n Bears Investors Notebook Issue 157:27 August 2018

Mon Aug 27 09:55:21 CAT 2018

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Bulls n Bears Investors Notebook Issue 157:27 August 2018

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

Bulls 'n Bears Investors Diary: Today's Events

The Harare Agricultural Showwe

The Harare Agricultural Show

The Harare Agricultural Show

August 27- September 1

Quotable Quote:

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

Fuel, airtime, beer boost Zimra revenues

THE Zimbabwe Revenue Authority (Zimra) surpassed its gross revenue
collection target by 20,80% in July, according to a statement by the tax
collector, which also showed that performance was buttressed by excise duty.
A total of $406,13 million was receipted against a target of $336,20
million.  <http://www.bulls.co.zw/> Read more >

CZI projects up to 6% jump in capacity utilisation

THE Confederation of Zimbabwe Industries (CZI) has projected average
manufacturing capacity utilisation to grow between 4,5% and 6% this year, a
significant recovery from last year's dip. However, the improvement would
still be below 50%, showing a huge variance with potential output, which
tends to increase costs per unit. Last year, the average capacity
utilisation in the manufacturing sector dropped 2,3% to 45,1% in 2016,
weighed down by cost and shortage of raw materials, low local demand and
foreign currency shortages but volumes increased 5%.
<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

Flour production up as consumption peaks

LOCAL millers say the industry is ready to meet rising flour demand,
estimated to be at its peak level, following interventions on wheat imports
by the central bank to cover the local output gap. The millers are currently
producing 22 million kg of baker's flour per month against an installed
monthly production capacity of 43 million kg, according to Garikai Chaunza,
the Grain Millers' Association of Zimbabwe spokesperson. The bulk of the
flour is absorbed by bakers, who produce bread and related products.
<http://www.bulls.co.zw/> Read more >

Engineers should front infrastructure development

Now that the elections are over, win, lose or draw, there is no better time
to rebuild Zimbabwe than now. It is no secret that Zimbabwe's infrastructure
has been steadily falling apart for the last twenty eight years. Zimbabwe
faces a multitude of crumbling roads and bridges, ageing dams, outdated
airports and obsolete telecommunication infrastructure. Zimbabwe's crumbling
infrastructure can be attributed to a lack of government funding, but as
engineers, we feel the main culprit is simply neglect.
<http://www.bulls.co.zw/> Read more >

Foreign firms court NetOne   

A number of foreign firms are understood to be courting State-owned mobile
phone operator, NetOne Cellular, with a view to injecting capital to revive
the stuttering business. The expressions of interest follow the announcement
on April 10 this year by Government that some parastatals should be
"partially privatised", liquidated while others would be merged as part of
efforts to turn them around. NetOne was placed on the list of State-owned
entities targeted for "partial privatisation". The company, which recorded
an overall loss of $57,8 million last year mainly due to legacy issues, says
it has been approached by numerous companies seeking to inject capital into
the business.  <http://www.bulls.co.zw/> Read more >

Mobile voice traffic decline continues   

Voice traffic volumes for Zimbabwe's mobile phone network operators declined
for the fourth consecutive year, retreating 5,7 percent in 2017 as Over The
Top services continue to impact negatively on voice business although total
revenues continue to grow. OTT refers to the audio, video and other media
content delivered over the internet without the involvement of a
multiple-system operator (MSO) in the control or distribution of that
particular content. The Postal and Telecommunications Regulatory Authority
of Zimbabwe (Potraz), said in its 2017 annual report that the 4 400 994 583
minutes were recorded in 2017 from 4 666 909 037 recorded in 2016.
<http://www.bulls.co.zw/> Read more >

What could solutions to Zim's garbage problem look like?   

What could solutions to Zimbabwe's garbage problem look like? They can look
like nothing at all, as the case mostly is now - heaps of eye-soring
uncollected rubbish in the townships and elsewhere, or the flood of raw
sewage intoxicating rivers, streams and dams, key drinking water sources.
They can look like the commonly preferred systematic approach to solid waste
management, an inverted pyramid type of management that prioritises waste
reduction; re-use and composting; recycling; and disposal, in that order. Or
they can look like strategies and efforts that apply cutting edge
technologies - and even the most basic technologies for progress' sake - to
turn municipal rubbish into something useful - something like bio-diesel and
electricity.  <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 >

Factory output stronger than expected

Zimbabwe's manufacturing output surged during the first half of the year,
signalling a strong performance by one of the sectors the country is hoping
will help support economic growth, according to the Confederation of
Zimbabwe Industries (CZI). The growth has been mainly driven by increased
consumer demand and import restriction measures put in place by the
Government to protect local companies, Kupakwashe Midzi, CZI acting chief
economist told Business Weekly.
<http://www.bulls.co.zw/2018/08/23/cigar-tobacco-output-hits-24-500kg/> Read
more >

 <mailto:info at bulls.co.zw> 

Dairibord now on solid footing. . . as corporate and organisational
restructuring yields results

Efforts to increase capacity and re-align corporate and organizational
structures are starting to yield benefits for listed milk processor
Dairibord Holdings. In 2016, the group commenced a restructuring exercise
when Martindale (Pvt) Ltd (trading as Lyons), and NFB Logistics (Pvt)
Limited, commenced trading as divisions of DZPL but retaining their distinct
corporate brands. Last year, the milk processor moved to further create a
lean operational structure, whittling selling and administration costs by at
least 10 percent per annum.
<http://www.bulls.co.zw/2018/08/23/sa-firm-stalls-salene-chrome-acquisition/
> Read more >

Chambishi mining project to create 5 000 jobs

Chambishi. - President Edgar Lungu has launched the 590 million Chambishi
South East Ore Body project that will create more than 5 000 jobs for the
local people. Speaking during the handover ceremony in Chambishi, President
Lungu said the commencement of mining at the South East Ore Body (SEOB) is
significant to the Zambian people particularly the locals who are direct
beneficiaries. President Lungu said Mining has for a long time been the
country's key  economic amounting for the much foreign direct investments.
He said from 2000 when mines were privatised about K13,14 billion has been
invested in the mine.
<http://www.bulls.co.zw/2018/08/21/steward-eyes-diaspora-with-vertically-int
egrated-houses/> Read more >

Zim seeks to sell ivory stockpile to Japan

Zimbabwe is seeking permission from a United Nations body to sell ivory
tusks seized from poachers or taken from animals that died from natural
causes, an industry body said. Legal international sales of ivory derive
from existing stocks gathered from elephants that have died as a result of
natural causes or from problem-animal control. A global ban on ivory sales
was imposed in 1989 to stem rampant poaching of elephants and rhinos, but
UN's Convention on International Trade in Endangered Species (CITES) allowed
Botswana, Namibia and Zimbabwe to sell stockpiles to Japan in 1999. Further
approvals were granted in 2007 when three countries, alongside South Africa,
were allowed to sell the tusks to Japan and China.
<http://www.bulls.co.zw/> Read more >

NetOne urged to implement reforms

State-owned mobile phone operator, NetOne, must implement sweeping reforms
such as re-orienting its pricing policy from a low value to a mid-tier
network, as well as maintaining the current cost cutting measures in order
to guarantee its status as a going concern. This is captured in NetOne's
annual report for 2017, which was presented to the company's annual general
meeting (AGM) on June 22, 2018. NetOne recorded an overall loss of $57,8
million last year mainly due to legacy debt issues, which saw the Zimbabwe
Revenue Authority (Zimra) demanding payment of principal, penalties or fines
of $13,5 million from the firm, after performing an audit for the period
covering 2009 to 2015. <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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