Bulls n Bears Investors Notebook Issue 106:11 June 2018

Mon Jun 11 08:14:50 CAT 2018

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Bulls n Bears Investors Notebook Issue 106:11 June 2018

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

Bulls 'n Bears Investors Diary: Today's Events

FMHL

AGM

Royal Harare Golf Club

11/06/2018 2:30pm

Quotable Quote:

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

Supa Mandiwanzira Says Mobile Tariffs For Data And Voice To Change, Won't
Say If They Are Going Up Or Down

The Minister of Information Communications Technology and Cyber Security,
Supa Mandiwanzira, said that mobile tariffs are going to shift in the near
future but he refused to comment on whether the tariffs would be getting
increased or lowered.

Reserve Bank of Zimbabwe Defends Ban On Cryptocurrencies In Court

Here is the latest chapter in the Golix vs RBZ (Reserve Bank of Zimbabwe)
saga. The RBZ filed its opposing application with the courts. Summary of how
we got here: the RBZ banned the trading of cryptocurrencies, ordered banks
to freeze Golix's accounts and then ordered Golix to cease operations. Golix
sued and got an interim relief. The case is in the courts and on Friday the
8th of June, the RBZ filed an opposition application defending its ban and
challenging the interim

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

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

Mining workers appeal for pay rise

WORKERS in the mining sector have appealed for their monthly wages to be
increased to a minimum of $500 per month, saying the current wage level had
turned them into paupers. In an interview on the sidelines of the 46th
commemorations of the Kamandama Mine Disaster which occurred in Hwange last
week, Associated Mine Workers Union of Zimbabwe (Amwuz) president Tinago
Ruzive said the lowest paid employee in the mining industry was earning $260
per month, which was far below the poverty datum line.

Ecobank donates 25 000 gumtree seedlings to schools

ECOBANK Zimbabwe will donate 25 000 gum trees before year-end to different
schools across the country as part of its corporate social responsibility
programme, an official has said. Speaking on the sidelines of World
Environment Day celebrations running under the theme Planting today,
Protecting tomorrow last week at Umzururu Primary School in Zvimba district,
Ecobank official, Frank Karara said they were taking the project across the
country.

'Zim companies exhibiting in South Africa'

AT least 10 companies will participate at the Source Africa Trade Show to be
held in South Africa this month, ZimTrade has said. These companies have
been drawn from different sectors such as clothing, textile and leather to
participate at Source Africa Trade, a sourcing event bringing together
suppliers, manufacturers, service providers and buyers all under one roof in
Africa.

'Zim needs rebranding to attract FDI'

ZIMBABWE needs to brand itself in order to attract foreign direct investment
(FDI) as it faces stiff competition from other regional countries, an
official from the Office of the President and Cabinet (OPC) has said.
Speaking at a National Branding workshop held in Harare last week, senior
principal director in the OPC Mary Mubi said Zimbabwe was in competition
with other countries to attract FDI.

Govt erects $400K fence on BB - Byo road

THE government has started erecting a 321-kilometre-long servitude fence
worth $400 000 between Beitbridge and Bulawayo road to reduce animal-induced
road carnage. Work is already underway and villagers living along the road
which also leads to South Africa have been hired for the project.

 <mailto:info at bulls.co.zw> 

Govt urged not to forget local business

ZIMBABWE National Chamber of Commerce (ZNCC) is worried about the increased
focus by government on foreign direct investment (FDI) while neglecting
local businesses that endured the tumultuous economic era of yesteryear.
Speaking at the ZNCC Midlands annual dinner and business awards ceremony
held at the Village Lodge in Gweru recently, ZNCC Midlands region
vice-president Julian Mashavakure said government must not neglect local
businesses.

Housing projects overturn IDBZ loss

THE International Development Bank of Zimbabwe (IDBZ) has overturned a loss-
making position to register a profit of $624 420 for the financial year
ending December 31, 2017, after being spurred on by a strong performance in
housing projects. Housing projects overturned a loss-making position from a
$1,5 million loss recorded in 2016.

 <mailto:info at bulls.co.zw> 

Exploring eco-prenuership skills for youths empowerment

THE young generations in developing countries, particularly referred to as
the youths, require proper and sustainable empowerment programmes, not for
window dressing, sugar-coating or those for grandstanding. The time to play
pseudo-empowerment games with the youths is running out and those who
empower or pretend to do so, need to have a comprehensive background
understanding of the needs of the youths, after carrying out some
comprehensive needs analysis rather than imagining.

Shareholder nod sought for Ziscosteel sale   

Shareholders of the Zimbabwe Iron and Steel Company (Ziscosteel), will hold
an extraordinary general meeting on June 28, to approve a transaction that
will see the steelmaker's assets sold to Chinese investor Tian Li (Hong
Kong) Limited. Approval of the transaction will bring into effect the
revival of the country's largest steelmaker, which closed shop in 2008 after
years of operating inefficiently.

Stanbic ploughs $164m into mining   

Stanbic Bank Zimbabwe has availed $164 million over the past 12 months to
fund the working capital needs of the country's mining sector. The funding
represents 71 percent of the sector's working capital requirements.
Stanbic's corporate and investment banking director Rhett Groves told guests
at the Chamber of Mines presidential gala dinner recently that their support
for the sector is premised on its importance to economic development.

Only 11pc of plastic waste recycled in Zim: EMA   

Every June 5 the world commemorates the World Environment Day, a day set
aside by the UN Environment Programme at its formation in 1972, aiming to
draw public attention to pressing global environmental issues, and to
encourage people to take action against such.

Edgars turnover up 37 percent   

Listed clothing retailer Edgars Stores Limited's turnover for the first
quarter to April 2018 grew 37 percent from the comparable prior year and was
10 percent above budget. After-tax profit was however 2,5 percent lower at
$1,3 million, but management said the profit was "well above budget". For
the period under review, Edgars' unit sales rose 13,9 percent over the same
period in 2017.

'Zimbabwe set for take off . But translate rhetoric into action'

Zimbabwe holds massive potential to become one of the fastest growing
economies in Africa, but the bright prospects hinge on its ability to
translate rhetoric into action, top local business leaders heard yesterday.

'Zimbabwe horticulture can grow on partnerships'

Zimbabwe's horticulture sector has potential to grow into big business if
local players partner with experienced companies from the Netherlands,
ZimTrade acting CEO Allan Mujuru has said. He was speaking to Business
Weekly on the sidelines of a business convention in Harare this week.

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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