Bulls n Bears Investors Notebook Issue 154:11 December 2018

Tue Dec 11 11:06:39 CAT 2018

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Bulls n Bears Investors Notebook Issue 154:11 December 2018

 <mailto:annen at seczim.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

China deals open to private sector, says Acting Chinese envoy   

CHINA has expressed readiness to seal investment deals with any business,
including the private sector, as part of its commitment to assisting
Zimbabwe to grow her economy. Acting Chinese Ambassador to Zimbabwe, Mr Zhao
Baogang, said this when he officiated at the signing of a business deal
between Pacific Cigarette Company (PCC), formally known as Savanna Tobacco
and China Tobacco Shaanxi Industrial Corporation (CTSIC) in Harare on
Friday. He said the deal was a sign of Chinese commitment to making life
transforming investments in Africa and Zimbabwe, in particular.
<http://www.bulls.co.zw/> Read more >

Retailers cry foul   

CONFEDERATION of Zimbabwe Retailers (CZR) president, Mr Denford Mutashu, has
implored Government to tighten border control surveillance and curb
"rampant" smuggling, which is negatively affecting the sector's operations.
He told delegates during the recent fourth edition of the CZR annual
national retailers and wholesalers awards event that the country's borders
were porous hence smuggling of goods was rife.  <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

Heavy rains time to plant, farmers told   

The Meteorological Services Department (MSD) yesterday said the skies should
start clearing tomorrow after heavy rains and thunderstorms that were
experienced in most parts of the country over the weekend. This comes as
farmers have been urged to take advantage of the recent rains to intensify
planting of summer crops and land preparations. In a statement yesterday,
the MSD said the skies were expected to start clearing in Matabeleland,
Midlands and Masvingo provinces.  <http://www.bulls.co.zw/> Read more >

'Byo industry revival vital'   

THE revival of Bulawayo industries is critical towards achieving national
economic growth targets under the Government's new blue-print, the
Transitional Stabilisation Programme (TSP), Industry and Commerce Deputy
Minister, Raji Modi, has said. Speaking at the launch of a South African
company, Nedlac Automation in Bulawayo on Friday night where he was the
guest of honour, the Deputy Minister said fast-track measures were being
implemented to guarantee robust industry revival and increased private
sector participation towards meeting an upper middle-income economy by 2030.
<http://www.bulls.co.zw/> Read more >

Vast Resources well-funded for projects   

AIM - listed diversified miner, Vast Resources, says it is "well-funded" to
implement its various projects going forward, including its Zimbabwean
projects, the Eureka Gold Mine and the Heritage Concession of the Marange
diamond fields. According to CEO Andrew Prelea, the group's recent
fundraising initiatives, together with an expected US$5,5 million second
tranche payment expected from Mercuria Energy Group, will support the
execution of the group's development objectives.  <http://www.bulls.co.zw/>
Read more >

China ready to seal investment deals   

China has expressed readiness to seal investment deals with any local
business, including the private sector, as part of its commitment to
assisting Zimbabwe to grow her economy. Acting Chinese Ambassador to
Zimbabwe, Mr Zhao Baogang, said this when he officiated at the signing of a
business deal between Pacific Cigarette Company (PCC) formally known as
Savanna Tobacco and China Tobacco Shaanxi Industrial Corporation (CTSIC)
last Friday.  <http://www.bulls.co.zw/> Read more >

'Govt mineral specific policies to boost growth'   

Government is working on mineral specific policies for all key resources
mined in the country as part of a broad strategy to grow the sector from its
current state. President Mnangagwa has set a Vision 2030 target by which the
country should attain upper middle-income earning status and the mining
sector is expected to rake in US$12 billion annually from exports. It is
against this background that the Ministry of Mines and Mining Development is
working on tailor-made strategies that according to Minister Winston
Chitando should result in the US$12 billion target being attained.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Is your company ready to meet 2019?

Most companies are gearing up to shut down for the holidays. For some
workers, office parties have already been scheduled, while for others, they
have already received their bonuses. The festive holiday is in full swing
and everyone is busier than ever. For some businesses, there is an increase
in activity during festive seasons whereas for others, sales take a dive
during this period.  <http://www.bulls.co.zw/> Read more >

Mphoko shares not real: Choppies

BOTSWANA-based supermarket, Choppies, has threatened to revoke shares it
gave to former Vice-President Phelekezela Mphoko and his son, Siqokoqela, as
part of a scam to allow the retailer to comply with the country's
indigenisation laws that required locals to control a 51% stake in
foreign-owned businesses. Botswana-based Choppies Enterprise chief executive
officer Ramachandran Ottapathu said in a letter to the Press that the Mphoko
family were given 51% of the shareholding "on paper", to meet existing
empowerment laws, but their actual shareholding was 7%.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Govt mismanagement, profiteering elites destroyed Zim: Moss

GOVERNMENT mismanagement and profiteering elites have destroyed Zimbabwe's
markets for food and fuel while lying to the public about actual foreign
currency on hand, a former United States government official has said.
Former Deputy Assistant Secretary of State for Africa relations, Todd Moss,
who served in the George W Bush administration, was testifying before the
United States Senate Foreign Relations Subcommittee on Africa and Global
Health Policy, a hearing which focused on Zimbabwe.
<http://www.bulls.co.zw/> Read more >

AG audits 10% of parastatals due to funding constraints

THE Auditor-General's Office is facing budgetary constraints that have
limited audits to 317 stations out of 3 320, raising alarm among
parliamentarians. Members of the Public Accounts Committee (PAC), which is
chaired by MDC Alliance legislator Paurina Mpariwa, said the AG's Office was
allocated $7,7 million in the 2019 budget against a bid of $17,9 million.
<http://www.bulls.co.zw/> Read more >

Government works to restore price stability

VICE President Kembo Mohadi has said swift measures are being implemented to
restore price stability in the market so as to ensure consumers get value
for their money. In a.
<http://www.bulls.co.zw/2018/12/06/government-works-to-restore-price-stabili
ty/> 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

Cassava 

shares list on the ZSE

11/12/2018

Unity Day

22/12/2018

Christmas Day

25/12/2018

Boxing Day

26/12/2018

New Years' Day

01/01/2019

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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