Bulls n Bears Investors Notebook Issue 105: 08 June 2018

Fri Jun 8 09:25:53 CAT 2018

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Bulls n Bears Investors Notebook Issue 105: 08 June 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

FBC Bank, Agribank to disburse $20m agro bills

FBC Bank and the Agricultural Development Bank of Zimbabwe (Agribank) are in
the process of mobilising $20 million worth of agro-bills for the 2018/2019
summer cropping season. A significant portion of the facility will be loaned
to smallholder farmers to boost their productivity levels. 

Vendors not to blame for CBD retail decline: Zvorwadza

SOMETIME this week, the National Vendors' Union of Zimbabwe (Navuz) and the
Confederation of Zimbabwe Retailers met to discuss ways in which vendors
could conduct their business in a way that does not impede on retailers.

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

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

Bread shortages loom

GRAIN Millers Association of Zimbabwe (GMAZ) has warned that the country
faces imminent bread shortages if millers do not get an urgent allocation of
forex to import wheat, as there is only three weeks' supply left. In an
urgent letter to the Reserve Bank of Zimbabwe dated June 6, GMAZ revealed it
had

Stanbic sinks $164m into mining for working capital

STANBIC Bank Zimbabwe has invested $164 million over the past 12 months in
funding the working capital requirements of the mining industry. Speaking at
the Chamber of Mines Presidential Gala dinner, which the bank hosted
recently, Stanbic Bank official, Rhett Groves told guests the mining sector
was of key strategic importance.

Command Agric not permanent: Shiri   

Zimbabwe's successful agro-import substitution programme, Command
Agriculture, will not be a permanent feature and will be phased out once
Government is convinced farmers can now mobilise own funding, the Minister
of Lands Agriculture and Resettlement Perrance Shiri has said. He said the
programme is aimed at capacitating the country's farmers to a point where
they would have built up collateral.

IDBZ records bankable projects worth $85,7m   

Infrastructure Development Bank of Zimbabwe (IDBZ) has converted $85,7
million worth of programmes at concept stage into bankable projects during
the financial year 2017. This comes as the financial services group moves
towards fulfilling its mandate for promoting development especially in
infrastructure, while maintaining financial sustainability. Chief executive
officer Thomas Sakala, this was also in line with IDBZ's theme "Building
Bankability."

Davipel invests $12m in snack plants   

Davipel Group of Companies has invested $12 million to construct snacks
producing plants in Sunway City as the firm moves to become a fully-fledged
agro-processing group. The establishment of a one stop shop factory, comes
after the Government put in place Statutory Instrument 64 of 2016, which
restricted the importation of goods that are abundantly produced locally.

 <mailto:info at bulls.co.zw> 

GO GOLD! Inflationary Tariffs Could Supercharge the Yellow Metal

Just days after Treasury Secretary Steven Mnuchin reassured markets that a
trade war between the U.S. and China was "on hold," the Trump administration
announced that it would be moving forward with plans to impose 25 percent
tariffs on as much as $50 billion worth of Chinese exports to the U.S.
Beijing has already suggested that it will retaliate in kind.

Housing projects push IDBZ profits

The Infrastructure Development Bank of Zimbabwe (IDBZ)'s revenue for the
year to December 31, 2017 grew 16 percent to $8, 6 million on the back of
strong performance in its housing projects portfolio. The housing projects
portfolio recorded a 281 percent growth in net revenue from stands sales to
close the year at $6, 1 million.

 <mailto:info at bulls.co.zw> 

Hwange targets 300 000t of coal

Hwange Colliery Company Limited (HCCL) is targeting to start producing more
than 300 000 metric tonnes of coal of different grades by end of June 2018,
a board member has

EcoCash investigates unscrupulous agents

Econet is investigating claims that some EcoCash agents are offering cash
outs at a premium. In a statement yesterday, Econet said it routinely did
security checks on its agents to

We don't trust Zim with investment just yet: Netherlands

NETHERLANDS ambassador to Zimbabwe, Barbara van Hellemond says the African
nation still has a long way to go before it can be trusted with investment
from her country. Speaking at

Govt to continue supporting Hwange

GOVERNMENT will continue to support Hwange Colliery Company Limited's bid to
return to profitability, given the role it plays in the country's economy.
This was said yesterday by the Minister

Govt, Zimplats resolve land row

ZIMBABWE's biggest platinum mining firm, Zimplats Holdings Limited, has
agreed to release to Government 27 948 hectares of its unexploited platinum
rich land in the Ngezi area, Mhondoro, resolving an 

Delta unveils $160k in infrastructure

DELTA Corporation has availed $160 000 towards infrastructure development in
four schools in the southern region of the country as part of its corporate
social responsibility. Corporate executive manager, Ms 

OneMoney reaches 1million subscribers

THE country`s second largest mobile network service provider by subscriber
base, NetOne, says up to one million subscribers are now transacting through
its OneMoney mobile money platform. Chief executive officer 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

FMHL

AGM

Royal Harare Golf Club

11/06/2018 2:30pm

RioZim

AGM

Head Office, 1 Kenilworth Road, Highlands

21/06/2018 10:30am

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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