Bulls n Bears Investors Notebook Issue 128:12 July 2018

Thu Jul 12 09:27:24 CAT 2018

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Bulls n Bears Investors Notebook Issue 128:12 July 2018

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Afreximbank disburses $8bn from intra-African trade facility

THE African Export Import Bank (Afreximbank) has disbursed over a third of
the $25 billion facility meant to accelerate intra-African trade, the bank's
president and chairman Benedict Oramah has said. Oramah told journalists
after the official opening of the bank's 25th annual meetings yesterday that
the $25 million facility was a strategy embarked by the bank and hinges on
'create, connect and deliver' running from 2017 to 2021.
<http://www.bulls.co.zw/2018/07/11/nedbank-offers-75m-offshore-finance-facil
ity/> Read more >

TelOne's hackathon to promote mobile financial services

TELONE Centre for Learning (TCFL) will host a mobile financial services
hackathon for State-owned mobile operator NetOne in collaboration with South
Africa's FinMark Trust to promote mobile financial services. Finmark Trust
said the hackathon was really designed for young innovators interested in
financial inclusion.
<http://www.bulls.co.zw/2018/07/11/illicit-financial-flows-lead-to-budget-de
ficit/> Read more >

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

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

HIT best to understand blockchain tech: ZICT

THE Zimbabwe Information and Communication Technology Division (ZICT) says
Harare Institute of Technology (HIT) has some of the best brains in
understanding blockchain technology used to develop cryptocurrency, urging
the central bank to consult with the university. In a statement yesterday,
ZICT said cryptocurrency is an extremely enthusiastic idea that the Reserve
Bank of Zimbabwe (RBZ) does not seem to understand.
<http://www.bulls.co.zw/2018/07/11/continuous-importation-of-forex-fuels-bla
ckmarket/> Read more >

Companies comply with food fortification

Local companies have complied with the food fortification programme
introduced last year to prevent micro-nutrient deficiency disorders among
consumers, a government consultant has said. In an interview with NewsDay on
the side lines of a food fortification workshop held in Bulawayo on Tuesday,
Health and Child Care ministry nutrition advocacy and communication
consultant Dexter Chagwena said a lot of companies were now complying with
the food fortification regulations.
<http://www.bulls.co.zw/2018/07/11/mercury-and-the-environment/> Read more >

TelOne faces $23m bill from dismissed staffers   

EIGHTY-two dismissed former employees of fixed telecoms operator, TelOne,
are demanding compensation amounting to $23 million as dues accumulated from
salaries arrears, unpaid benefits and retrenchment packages following their
alleged "unofficial and unlawful" dismissal 14 years ago.  The dismissed
workers claim that due process of employment termination was not followed,
hence they remained the telecoms operator's employees over the period they
were demanding payment.
<http://www.bulls.co.zw/2018/07/11/telone-hosts-fintech-solutions-hackathon/
> Read more >

Govt moves to recapitalise CSC   

Government has moved closer to concluding a deal to recapitalise the Cold
Storage Company (CSC) with potential investors, Lands, Agriculture and
Irrigation Development Minister Perrance Shiri has said. The giant beef
processor is among the 12 state enterprises earmarked for speedy recovery
under the parastatal reform initiative being implemented by the new
political dispensation.
<http://www.bulls.co.zw/2018/07/11/virginia-tobacco-exports-reach-184m/>
Read more >

fastjet begins Hre-Byo flights   

Budget airline, fastjet, is set to commence daily flights between Harare and
Bulawayo beginning July 20, in tandem with a Government decision to allow
local aviation firms to also ply domestic routes.  Previously, domestic
routes were a preserve for national airline, Air Zimbabwe. But operational
challenges dogging the national flag carrier and Government's general desire
to open up the skies for local aviation firms including FlyAfrica Zimbabwe,
is set to see fastjet taking up the Harare-Bulawayo route.
<http://www.bulls.co.zw/2018/07/11/uks-tharisa-seeks-zim-project-status/>
Read more >

 <mailto:info at bulls.co.zw> 

Vast Resources explores new opportunities   

VAST Resources Zimbabwe is exploring new mining opportunities and intends to
revitalise its historic claims, as it seeks to increase its footprint in the
country, riding on the significantly transformed investment and political
climate. Already, the AIM-listed mining concern holds a 95 percent stake in
Eureka Gold Mine, which it acquired in April this year.
<http://www.bulls.co.zw/2018/07/11/intensify-fight-against-corruption-at-por
ts-of-entry/> Read more >

Gtel releases first wireless smartphone   

Gtel yesterday released the stunning X7 Plus smartphone, featuring the
latest android generation custom processor and wireless charging and
earphone system. The company's brand manager Alvin Pande, said the
smartphone features deep learning-based software that enables mobile devices
to open up a whole new world of user experiences. Building on the success of
X6 Plus, the X7 plus exhibits 40 percent more powerful double core
performance and offers a seamless multitasking experience, along with one of
the best cameras on the market and 3D touch.
<http://www.bulls.co.zw/2018/07/11/maize-deliveries-reach-214k-tonnes/> Read
more >

 <mailto:info at bulls.co.zw> 

Govt targets bridges repair   

The new political dispensation has prioritised the maintenance and
rehabilitation of bridges throughout the country. For the period January to
May 2018, Government has consistently disbursed funds to the four Road
Authorities; the District Development Fund (DDF), Department of Roads, Urban
Councils and Rural District Councils, for the maintenance and rehabilitation
of and bridges under the Government of Zimbabwe's initiative on roads
rehabilitation.
<http://www.bulls.co.zw/2018/07/10/cash-crisis-blackmarket-rates-cripple-eco
nomy/> Read more >

Incentive for voluntary disclosure   

What is Voluntary Disclosure?

An incentive put in place by the Commissioner General of the Zimbabwe
Revenue Authority (ZIMRA) through Public Notice 22 of 2018, where taxpayers
and importers are granted full remission of penalties and fines as part of
an ongoing programme notwithstanding the expiry of Tax
<http://www.bulls.co.zw/2018/07/10/rbz-has-failed-in-forex-allocation/> Read
more >

Strengthening internal control systems safeguards your business   

This week we are discussing Internal Controls. Internal control is the
process by which management structures an organisation's activities to
provide assurance that an entity operates effectively and efficiently and
complies with applicable laws and regulations. It follows that an
organisation should then have preventive, detective and corrective controls
in place if it is to operate efficiently in this economic environment.
<http://www.bulls.co.zw/2018/07/10/quick-wins-for-zimbabwe-to-attract-fdi-in
flows/> Read more >

Hotel occupancy up 47% Q1

ZIMBABWE's hotel occupancy rate increased to 47% in the first quarter of the
year, with industry officials attributing the trend to government's stance
on the ease of doing business across.
<http://www.bulls.co.zw/2018/07/10/hotel-occupancy-up-47-q1/> Read more >

Zim should step up IFFs fight

GOVERNMENT has been urged to step up efforts to curtail illicit financial
flows (IFFs) by enforcing anti-avoidance provisions amid revelations that
the country could have lost close to $2,8 billion.
<http://www.bulls.co.zw/2018/07/10/zim-should-step-up-iffs-fight/> Read more
>

Zim should step up IFFs fight

GOVERNMENT has been urged to step up efforts to curtail illicit financial
flows (IFFs) by enforcing anti-avoidance provisions amid revelations that
the country could have lost close to $2,8 billion through leakages over the
past nine years. In its first quarter of the year fact sheet on the
country's IFFs, Zimbabwe Coalition on Debt and Development (Zimcodd) said
IFFs have affected public sector investment with more than 90% of the meagre
collections going to recurrent expenditures. <http://www.bulls.co.zw/> Read
more > 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

Lafarge

AGM

Manresa Club, Arcturus Road

19/07/2018 12pm

OK Zimbabwe

AGM

OKmart Functions Room, 30 Chiremba Road, Hillside

26/07/2018 3pm

Delta

AGM

Head Office, Northridge Close, Borrowdale

27/07/2018 12:30pm

NicozDiamond

shares delist from the ZSE

06/08/2018

Zimbabwe

Heroes' Day

Zimbabwe

13/08/2018

Zimbabwe

Defence Forces Day

Zimbabwe

14/08/2018

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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