Bulls n Bears Investors Notebook Issue 159:18 December 2018

Tue Dec 18 07:35:45 CAT 2018

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Bulls n Bears Investors Notebook Issue 159:18 December 2018

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

S&P drops Zim companies

S&P Dow Jones says it will remove Zimbabwean domiciled companies from its
indices next Monday due to local inflationary pressures and forex shortages,
a development that will constrain the country's ability to attract foreign
investment. The platform is widely used by investors to benchmark
performance of listed companies across different markets. Inflationary
pressures in the southern African economy have seen investors put their
money in stocks to hedge against potential loss in value. Year-to-date, the
industrial index gained 52,42% to 501,62 points.  <http://www.bulls.co.zw/>
Read more >

Govt receives $1m AfDB grant to fight cholera

THE African Development Bank (AfDB) yesterday extended a $1 million grant to
Zimbabwe which will be used to combat cholera. Country manager Damoni
Kitabire said although the regional bank would not extend any loans to
Zimbabwe until the southern African country settled its arrears, it had
committed grants in excess of $200 million to finance various projects in
energy, health, water and agriculture. In September, Zimbabwe was hit by a
severe cholera outbreak, which saw 2 000 cases being reported per week, and
left over 50 people dead.  <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

'Small grains seed stock adequate'   

The Grain Marketing Board (GMB) has assured farmers in drought prone areas
of adequate stocks of small grain seed under the Presidential Well Wishers
Input Scheme. Small grains, such as sorghum, millet and rapoko thrive in dry
regions. Due to their drought resistant nature, farmers especially in dry
regions have been encouraged to grow these varieties to promote food
security and nutrition in the face of climate change effects. "The GMB would
like to advise farmers in drought prone areas that it has sorghum and pearl
millet seed (small grains) in stock at depots under the Presidential
Well-Wishers Inputs Scheme.  <http://www.bulls.co.zw/> Read more >

Livestock industry: Beacon of food production   

The livestock industry, viewed as a beacon of national food production, has
increased meat, egg and milk production during the first nine months of
2018. Record growth was achieved in the country's largest meat industry -
broiler production - while the egg industry is rebounding from last year's
outbreak of Avian Influenza (AI). This production momentum and market demand
may not be sustained into 2019 as projected by the latest Livestock Zimbabwe
Market Update, citing foreign currency shortages, increased costs of
production and high regulatory costs of doing business undermining global
competitiveness of the domestic livestock production sector.
<http://www.bulls.co.zw/> Read more >

Govt speaks on doctors' demands   

FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday
said Government had done all it could for now to address the grievances of
striking junior doctors as he appealed to them to return to work for the
sake of patients. Minister Ncube said Government would continue the
engagement process through the bipartite negotiating forum. Addressing a
Press conference in Harare, Prof Ncube said Government valued the work of
junior doctors and other health workers.  <http://www.bulls.co.zw/> Read
more >

TelOne to roll out face recognition technology   

STATE-owned telecommunications company, TelOne plans to launch a neo-face
recognition technology early next year on the country's airports and traffic
lights to reduce crime and promote the creation of technologically advanced
smart cities. The firm's innovation executive Mr Jeremiah Munembe said the
product which will be a game changer in ensuring the safety of the public
and improving Zimbabwe's efficiency, will be launched in Mutare. "TelOne has
offered the roll-out of a face recognition technology starting with traffic
road rules monitoring.  <http://www.bulls.co.zw/> Read more >

GMAZ battles speculative pricing

HARARE - The Grain Millers Association of Zimbabwe yesterday announced
maximum wholesale and retail prices for maize, rice and salt produced by its
members across the country, which are aimed at curbing the recent
speculative pricing regime. This comes as the country is witnessing
astronomical increases of basic commodity prices which have been fuelled by
parallel black market rates and worsened by panic buying during the past few
weeks. Subsequently, the miller's representative body has listed three
products, which include mealie-meal, rice and salt under their price
recommendations.  <http://www.bulls.co.zw/> Read more > 

 <mailto:info at bulls.co.zw> 

Hwange creditors oppose Government intervention

HARARE - Creditors owed millions of dollars by struggling coal miner, Hwange
Colliery Company Limited (Hwange) said on Saturday they are against the
government's move to  place the firm under reconstruction. Hwange was
already under a High Court sanctioned revival programme,  technically
referred to as a "scheme of arrangement" before government,  through the
Ministry of Justice, took the decision to put the company  under
administration at the end of October. The move firmly placed government in
total control of the Zimbabwe  Stock Exchange listed firm in which it is a
major shareholder.  <http://www.bulls.co.zw/> Read more >

Forex challenges affect Falgold

HARARE - Listed mining group, Falcon Gold Zimbabwe Limited says foreign
currency shortages continue to have a knock on effect on its business which
has resulted in the group failing to meet its obligations and is grossly
affected operations. Company secretary Qubeka Nkomo said the inability by
the group to access foreign currency has affected the company as it has
failed to pay its creditors since June 2018. "The inability of gold
producers to access foreign currency and the resultant failure of the
company to pay outstanding amounts to foreign creditors since January 2018,
have resulted in key creditors cutting off critical operating supplies and a
disruption in normal operations.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

A deal is imminent, says Edcon CEO - refuting fears of business collapse

Edcon is very close to announcing a complete recapitalisation of the
business that should endure for the next few years, Edcon CEO Grant Pattison
said on Sunday. "We cannot comment on the details as it is not yet
finalized," he said via Twitter, rejecting the Sunday Times report of its
financial woes as "sensationalism". The newspaper reported that the retailer
was debt-laden and required R2-billion in emergency funding.
<http://www.bulls.co.zw/> Read more >

American restaurant comes to Bulawayo

AMERICAN restaurant chain, Pizza Hut is set to open its second outlet in
Zimbabwe with Bulawayo being the chosen city. The first outlet at Sam Levy's
Village in Harare was.
<http://www.bulls.co.zw/2018/12/17/american-restaurant-comes-to-bulawayo/>
Read more >

Edcon which owns Edgars on brink of collapse

In a desperate bid to stave off liquidation and the loss of up to 140,000
jobs, retail giant Edcon has held out the begging bowl, asking its landlords
for a.
<http://www.bulls.co.zw/2018/12/17/edcon-which-owns-edgars-on-brink-of-colla
pse/> Read more >

Africa Albida records 80% occupancy

THE Africa Albida Tourism is celebrating its busiest year ever, as tourists
flock to Victoria Falls, with its flagship property Victoria Falls Safari
Lodge enjoying over 80% occupancy over the.
<http://www.bulls.co.zw/2018/12/17/africa-albida-records-80-occupancy/> Read
more >

Delta sweats over beer supplies

DELTA Corporation Limited, Zimbabwe's largest beverage marker, is making
frantic efforts to ensure the availability of all its assortment of lager
beers in the wake of the prevailing foreign currency.
<http://www.bulls.co.zw/2018/12/17/delta-sweats-over-beer-supplies/> Read
more >

ED tackles economy at Indaba

President Mnangagwa is expected to officially open the 17th ZANU-PF Annual
People's Conference today, amid high hopes that his address will focus on
the challenges bedevilling the economy and attempt.
<http://www.bulls.co.zw/2018/12/14/ed-tackles-economy-at-indaba/> Read more
>

Art revenue up 40pc   

Amalgamated Regional Trading (ART) revenue for the full-year to September
30, 2018 rose 40 percent to $46,9 million on increased demand and improved
production output in the battery business. The battery division recorded $32
million revenue, representing 42 percent growth from prior year as it
remains the group's cash cow. During the period under review, the group
battled foreign currency shortages which resulted in difficulties in
importing essential raw materials and settling debts to foreign creditors.
<http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

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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