Bulls n Bears Investors Notebook Issue 165:28 December 2018

Fri Dec 28 08:04:59 CAT 2018

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Bulls n Bears Investors Notebook Issue 165:28 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

Outcry as retailers 'collude to hike price of school uniforms'   

THERE is an outcry after retailers allegedly colluded to increase the prices
of school uniforms by more than 200 percent ahead of opening of schools on
January 8 next year. Parents have said the prevailing economic circumstances
and the pricey uniforms have made education expenses unbearable. Coupled
with the inflated prices of uniforms is the high cost of living,
outrageously high school fees and other necessities that have to be paid
for. School shoes now cost $60 up from $20, a satchel $62 up from $21, shirt
and short $65 up from $20, dress $45 up from $15, blazer $150 up from $50,
skirt and blouse $80 up from $30, hat $30 up from $11, socks $6 up from $2
and tie $18 up from $9.  <http://www.bulls.co.zw/> Read more >

Acting President Chiwenga happy with supply of medicines   

Government has started receiving medicines and medical sundries from
suppliers and is distributing them across the country. They comprise
medicines for daily use and sundries like gloves and face masks. Acting
President Constantino Chiwenga visited Natpharm Company yesterday and saw
truckloads of medicines. Others were taking medicines to different health
institutions across the country.  <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

Masvingo tourist sites get 10 000 visits   

AT least 10 000 local and foreign visitors thronged the Great Zimbabwe
monuments, Lake Mutirikwi and Tugwi-Mukosi Dam in Masvingo province on
Christmas Day. The tourist sites were a hive of activity as visitors from
Zimbabwe and beyond the country's borders visited the province to enjoy
Zimbabwe's hospitality. National Museums and Monuments of Zimbabwe (NMMZ)
provincial director, Mr Lovemore Mandima, attributed the increased volumes
of tourist arrivals to many locals' appreciation of domestic tourism. "The
Christmas day saw more than 5 000 paying visitors touring our monuments,"
said Mr Mandima.  <http://www.bulls.co.zw/> Read more >

Repowering plans for Bulawayo Power Station.ZPC to get 20-year licence
extension   

THE Bulawayo Power Station's licence tenure is set to be extended by 20
years from 2024 after the Zimbabwe Power Company (ZPC) applied for its
extension as a result of the repowering exercise. Recently, ZPC announced
that it was reviewing a draft contract received from India Export and Import
Bank for the $87 million Bulawayo Thermal Power Station repowering project.
The ZPC/India-Exim Bank deal was clinched in 2015 and the financial
institution last month announced having extended an additional $23 million
line of credit for rehabilitation of Bulawayo Thermal Power Station.
<http://www.bulls.co.zw/> Read more >

NSSA loses $31m in housing tender scam   

The National Social Security Authority (NSSA) lost over $31 million
following a housing tender scam by its employees last year, a Harare court
heard yesterday. Elizabeth Chitiga, a former NSSA general manager, appeared
at the Harare Magistrates' Courts charged with abuse of office, and
magistrate Mrs Victoria Mashamba granted her $1 000 bail. Prosecuting, Mr
Shepherd Makonde alleged that Chitiga misrepresented to the NSSA board's
investments committee that the parastatal required money to invest in five
projects.  <http://www.bulls.co.zw/> Read more >

New terms for junior doctors . Move to avert future job disruptions .
Changes to come through Parly: Chiwenga   

Government is considering changing internship conditions for junior doctors
to avert future work disruptions that expose patients to risk, Acting
President Constantino Chiwenga has said. Strikes by workers at public health
institutions have become routine. Addressing journalists after touring
Natpharm Company and the pharmacy department at Parirenyatwa Group of
Hospitals yesterday, Acting President Chiwenga said the current system
treated junior doctors as employees of the Ministry of Health and Child Care
yet they would not have completed training.  <http://www.bulls.co.zw/> Read
more >

Private schools hike fees, demand forex   

MOST private schools have hiked fees citing increases in running costs,
while others are demanding US dollars for levies. In a circular to parents,
Wise Owl Learning Centre said it had been forced to increase fees due to the
prevailing economic situation. "The impact of the economy has affected all
of us in various ways as a nation. No sector, including the education
sector, has been left out," reads the circular to parents, warning of the
increases in fees. "With this in mind, the Board of Trustees, together with
the school administrators, would like to assure you that a lot of prayer,
thought and deliberation has been put in to find the best way forward to
ensure the school does not lower standards of its products and services,"
reads part of the circular.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Youths create trading platform for SMEs   

FIVE enterprising youths have created a platform for Small and Medium
Enterprises (SMEs) to advertise their products, particularly when running
promotions, to increase brand awareness and boost sales. Dubbed "Vhuka", the
platform was developed to afford SMEs an opportunity to sell their products
to many potential customers at a lower cost. Well-heeled companies such as
Econet, OK Zimbabwe and Pick 'n Pay, advertise their promotions in the
mainstream media, which most SMEs cannot afford.  <http://www.bulls.co.zw/>
Read more >

Farmers call for cloud seeding   

Zimbabwe Commercial Farmers' Union (ZCFU) has called on Government to
consider cloud seeding in the wake of the unreliable rainfall patterns
characterising 2018 /19 agricultural season. Some parts of the country have
experienced prolonged dry spells of close to three weeks, a situation that
has affected germination of crops and pastures for those in livestock
business. Cloud seeding is the process of spreading either dry ice, or more
commonly, silver iodide aerosols, into the upper part of clouds to try to
stimulate the precipitation process and form rain.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

PRAZ seeks Gwanda solar project details   

The Procurement Regulatory Authority of Zimbabwe (PRAZ) has written to
Intratrek Zimbabwe seeking clarification on all matters regarding the Gwanda
solar project, chief among them payments and progress reports. The full
details requested by PRAZ entail exact dates for contract commencement, end
dates of the contract, dates when the site was availed to contractor,
interim payments certificates issued thus far, payments received to date,
monthly progress reports, performance reports and details of contract
variations.  <http://www.bulls.co.zw/> Read more >

Ex-NSSA general manager up for fraud

FORMER National Social Security Authority (NSSA) general manager Elizabeth
Chitiga yesterday appeared at the Harare Magistrates' Courts facing
allegations of swindling the pension fund of $31 million in a housing
project scam. Chitiga (59) was not asked to plead when she appeared before
magistrate Victoria Mashamba, who remanded her out of custody to January 11
on $1 000 bail. The former pension fund boss, who was represented by
Jonathan Samukange, was ordered to surrender her passport to the clerk of
court as part of her bail conditions. She was also ordered to reside at the
given address, to report once every Friday at CID Headquarters and not to
interfere with State witnesses.  <http://www.bulls.co.zw/> Read more >

Zimbabwe's economic crisis wipes out Christmas cheer

At Solomon Chakauya's grocery store in Zimbabwe's Chinamhora district
outside Harare, there's no sign of the seasonal Christmas rush that he needs
to keep his business afloat. Even in the.
<http://www.bulls.co.zw/2018/12/24/zimbabwes-economic-crisis-wipes-out-chris
tmas-cheer/> Read more >

Mthuli Ncube warns that scrapping bond a 'costly exercise'

Demonetising the bond note is a "costly exercise", Finance Minister Mthuli
Ncube warned on Wednesday after coming under pressure from Members of
Parliament who labelled his budget announced in November.
<http://www.bulls.co.zw/2018/12/24/mthuli-ncube-warns-that-scrapping-bond-a-
costly-exercise/> Read more >

Zimbabwe start-up targets foreign market

A Zimbabwean start-up, Flexi Africa, has set up an online trade platform
which links local vendors to international markets. Flexi Africa chief
executive Gerald Nyamadzawo told Standardbusiness that there was.
<http://www.bulls.co.zw/2018/12/24/zimbabwe-start-up-targets-foreign-market/
> Read more >

Delta shuts soft drink plants

ZIMBABWE is headed for a dry festive season as stocks of soft drinks are
expected to run out after Delta beverages shut down its plants citing
inadequate foreign currency to.
<http://www.bulls.co.zw/2018/12/24/delta-shuts-soft-drink-plants/> Read more
>

'Fuel supply gaps still exist in Zimbabwe'

Although fuel consumers are generally able to access fuel, some gaps still
exist as we continue to witness fuel queues, even though some are short -
that's a fact. The.
<http://www.bulls.co.zw/2018/12/24/fuel-supply-gaps-still-exist-in-zimbabwe/
> Read more >

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

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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