Bulls n Bears Investors Notebook Issue 150:04 December 2018

Tue Dec 4 09:35:30 CAT 2018

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Bulls n Bears Investors Notebook Issue 150:04 December 2018

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

Bulls 'n Bears Investors Diary: Today's Events

GetBucks

AGM

Conference Room 1, Monomotapa Hotel

04/12/2018 (10am )

Quotable Quote:

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

Govt gets tough on businesses

Government is crafting a law that compels business people who receive
foreign currency allocation from Treasury to charge their products in local
currency, President Mnangagwa has said. Further, Government will revoke
licences of such business people with immediate effect if they failed to
comply. Addressing traditional chiefs during the official opening of the
2018 Annual Chiefs Conference in Kadoma yesterday, President Mnangagwa said
it was important for Government to engage the business more often.
<http://www.bulls.co.zw/> Read more >

$472m budget for city. . . water tariffs, clamping and towing fees up   

The Harare City Council yesterday presented a $472,2 million budget for 2019
indicating that the local authority will increase water tariffs by 19
percent while charges for most services remain unchanged. Presenting the
budget during a special council meeting, chairman of the finance and
development committee, Councillor Luckson Mukunguma said the increase in
water tariffs had been necessitated by the drastic increase in the cost of
chemicals, repairs and maintenance and capital charges on borrowed funds for
capital works and other operational expenses.  <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

'Ditch old equipment and invest in new'   

Zimbabwe must consider investing in new manufacturing equipment as opposed
to "resuscitating" old and dilapidated equipment, if production is to be
increased, riding on improved efficiencies, according to Higher and Tertiary
Education, Science and Development Professor Amon Murwira. He said this and
other policy interventions would see Zimbabwe claiming a significant slice
of the international market on many products.  <http://www.bulls.co.zw/>
Read more >

Retailers, manufacturers end tiff   

Retailers and manufacturers have put aside their differences over the causes
of product shortages and resultant spiral in prices in October. This comes
as normalcy has somewhat returned in the supply of products to most shops
following several weeks of turbulent times due to the supply gaps, price
increases and shortages of basic commodities after the Government
indefinitely suspended Statutory Instrument 122 of 2017.
<http://www.bulls.co.zw/> Read more >

NetOne fined for service breach   

The Post and Regulatory Authority fined NetOne last month for
misrepresenting information to its subscribers as the authority vowed that
there are no sacred cows when it comes to the enforcement of
telecommunication compliance, legislators have heard. POTRAZ director
general Dr Gift Machengete said the fine imposed against NetOne put paid to
the notion from some quarters that the mobile service provider was getting
preferential treatment because it was a Government owned entity.
<http://www.bulls.co.zw/> Read more >

Van Hoog opposes Hwange reconstruction   

British businessman Nicholas van Hoogstraten, says he is going to challenge
the reconstruction of Hwange Colliery Company Limited (HCCL). Van
Hoogstraten holds a 31 percent shareholding in HCCL. In October, Government
placed Hwange Colliery Company Limited under reconstruction. Government has
a 42 percent stake in the coal miner and in terms of the Reconstruction of
State-Indebted Insolvent Companies Act, the responsible minister has powers
to issue a reconstruction order if it appears to him that by reason of fraud
or mismanagement, a State-indebted company is unlikely to be able to make
any repayment of a credit made to it from public funds.
<http://www.bulls.co.zw/> Read more >

Global Fund workers demand US$ salaries

SOME Global Fund contract workers are demanding their salaries in foreign
currency claiming that they are being short-changed by the government. The
employees, mostly primary counsellors, said following the pronouncement by
the Finance minister Mthuli Ncube that people could go ahead and open nostro
accounts, they said their issue has not yet been resolved and they were
still getting paid in local currency.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Parliament orders accountant-general to publish 2016 financials

ACCOUNTANT-General Daniel Muchemwa has been ordered by Parliament to produce
and publish government's consolidated financial statements for 2016 and 2017
before year-end. Muchemwa, who on Monday appeared before the Parliamentary
Portfolio Committee on Public Accounts, admitted to bungling on the part of
Treasury. "The annual consolidated financial statements for 2016 and 2017
are not yet ready. There are one or two things which had to be done with the
line ministries' consent," Muchemwa said.  <http://www.bulls.co.zw/> Read
more >

ZSE turnover up 74% to $700m

THE value of shares that were traded on the Zimbabwe Stock Exchange (ZSE)
was up 74% in the first 10 months of the year to $715,3 million as resurgent
inflationary pressures forced investors to seek refuge in equities, an
official has said. In the same period last year, turnover was at $411,9
million.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Airlines increase capacity. . .Tourists flood Vic Falls   

SOUTH Africa Airways (SAA) has replaced its wide bodied aircraft A330-222
with a much bigger 330-300 on its Johannesburg-Victoria Falls route due to
demand. The move comes soon after Ethiopian Airlines also increased
frequency from three to four days per week on its route between Addis
Ababa-Victoria Falls-Gaborone-Addis Ababa. The year 2018 has been a
remarkable year for the tourism industry, which experienced unprecedented
growth in arrivals resulting in airlines increasing capacity.
<http://www.bulls.co.zw/> Read more >

Hippo Valley Estates pins hopes on TSP   

TONGAAT Hulett's subsidiary, Hippo Valley Estates Limited says the
successful implementation of the Government's Transitional Stabilisation
Programme (TSP) would turn around business fortunes by reversing the
prevailing economic challenges. Under the TSP blue-print, which covers the
period October 2018 to 2020, Government has set its focus on fiscal
consolidation, economic stabilisation, growth stimulation and creation of
employment.  <http://www.bulls.co.zw/> Read more >

AfDB approves second $100 million facility   

THE African Development Bank (AfDB) has approved a second unfunded $100
million Risk Participation Agreement facility, which seeks to address trade
financing gaps for exporters across the continent. The regional bank said in
a recent statement that the second Risk Participation Agreement (RPAII) was
housed under its trade finance operations. AfDB on November 29, 2018,
approved a second unfunded $100-million RPA II facility for First Rand Bank
Ltd (FRB). Housed under the trade finance operations of the bank.
<http://www.bulls.co.zw/> Read more >

Law to compel forex recipients to charge in bonds   

Government is crafting a law that compels business people who receive
foreign currency allocation from Treasury to charge their products in local
currency, President Mnangagwa said yesterday. Further, Government will
revoke licences of such business people with immediate effect if they fail
to comply. Addressing traditional chiefs during the official opening of the
2018 Annual Chiefs Conference in Kadoma , President Mnangagwa said it was
important for Government to engage the business people more often.
<http://www.bulls.co.zw/> Read more >

CABS is the top bank

FINANCE minister Mthuli Ncube has urged banks to diversify and develop
business models tailored to meet special requirements of the unbanked and
underserved segments of the population. Ncube was speaking at the launch of
the Zimbabwe Independent's Banks and Banking Survey in Harare on Thursday,
where he was the key speaker.  <http://www.bulls.co.zw/> Read more >

Cassava Smartech unveils education insurance cover

Cassava Smartech has launched an education insurance cover product called
Enda Education Cover, an official has said. The launch of the Enda Education
product, which is underwritten by Econet Life, Cassava Smartech's Insurtech
arm, offers a school fees benefit for primary and secondary education in the
event of the death of the parent or legal guardian of the student.
<http://www.bulls.co.zw/> Read more >

Incentives excite tour operators   

THE restoration of fiscal incentives for the tourism industry in the 2019
national budget has excited tour operators who say the move will stimulate
the growth of their business. In his budget speech last week Finance and
Economic Development Minister Professor Mthuli Ncube emphasised the need to
among others, improve business confidence by removing various policy and
price distortions.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

GetBucks

AGM

Conference Room 1, Monomotapa Hotel

04/12/2018 (10am )

Innscor

AGM

Royal Harare Golf Club

05/12/2018 (8:15am)

Truworths

AGM

Boardroom, Prospect Park, 808 Seke Road

06/12/2018 (9am)

TSL

EGM

Head Office, 28 Simon Mazorodze Road, Southerton

07/11/2018 (10am )

Cassava shares list on the ZSE

11/12/2018

REST OF AFRICA

Counters Trading Under Cautionary

Border Timbers

Econet Wireless Zimbawe

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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