Bulls n Bears Investors Notebook Issue 127:01 November 2018

Thu Nov 1 12:57:01 CAT 2018

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Bulls n Bears Investors Notebook Issue 127:01 November 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

RioZim closes 3 mines over forex crisis

RIOZIM has pleaded for government intervention after it suspended operations
of its major mines due to foreign currency shortages. In a communique
gleaned by NewsDay addressed to the Reserve Bank..
<http://www.bulls.co.zw/2018/11/01/riozim-closes-3-mines-over-forex-crisis/>
Read more >

Farmers demand payment in forex

TOBACCO farmers, who are battling to access exorbitant inputs, are demanding
that the government pays them in foreign currency before the next selling
season starts so as to cushion them.
<http://www.bulls.co.zw/2018/11/01/farmers-demand-payment-in-forex/> Read
more >

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

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

Zim's changing economic landscape

Special counsellor to the Centre for Financial Stability in New York and
Professor of Applied Economics and co-director of the Institute for Applied
Economics, Global Health, and the Study of.
<http://www.bulls.co.zw/2018/11/01/zims-changing-economic-landscape/> Read
more >

Mnangagwa is sincere - Strive

ECONET Wireless founder Strive Masiyiwa says President Emmerson Mnangagwa is
"sincere" in tackling Zimbabwe's economic crisis and called on the West to
remove sanctions against the country. Mnangagwa narrowly beat.
<http://www.bulls.co.zw/2018/11/01/mnangagwa-is-sincere-strive/> Read more >

ED commissions dairy plant

President Mnangagwa yesterday commissioned Innscor Africa Holdings' Prodairy
Milk Processing Plant in Ruwa. The Prodairy factory becomes Zimbabwe's third
UHT Processing Plant after Dairibord and Dendairy. President Mnangagwa said
investment.  <http://www.bulls.co.zw/2018/11/01/ed-commissions-dairy-plant/>
Read more >

Govt raises $30m from airtime tax

Over $30 million was collected in the first nine months of the year under
the Health levy, which is funded through a 10% charge on airtime. Secretary
in the Ministry.
<http://www.bulls.co.zw/2018/11/01/govt-raises-30m-from-airtime-tax/> Read
more >

Privatisation: Business urges caution

BUSINESSPEOPLE who met Government on Monday to thrash a sustainable way
forward to grow the economy, reportedly called for restraint in the
much-touted privatisation of underperforming parastatals. A reliable source.
<http://www.bulls.co.zw/2018/11/01/privatisation-business-urges-caution/>
Read more >

 <mailto:info at bulls.co.zw> 

Zim's ease of doing business ranking improves

Zimbabwe has improved its global ease of doing business ranking to 155 up
from a ranking of 159 for the comparative prior year, the latest World Bank
Doing Business 2019.
<http://www.bulls.co.zw/2018/11/01/zims-ease-of-doing-business-ranking-impro
ves/> Read more >

Standard Bank scoops 13 awards

STANDARD Bank Group, Africa's leading bank by assets and parent company to
Stanbic Bank Zimbabwe, has been recognised for its work across Africa,
scooping 13 awards from Global Finance at.
<http://www.bulls.co.zw/2018/11/01/standard-bank-scoops-13-awards/> Read
more >

 <mailto:info at bulls.co.zw> 

Masvingo's $5,2 billion GDP potential   

MASVINGO has the potential to achieve a $5,2 billion contribution to the
Gross Domestic Product (GDP) by 2030 if available opportunities in the
province are fully exploited, a Cabinet minister has said. Addressing
stakeholders during a provincial business conference at a local hotel on
Monday, Higher and Tertiary Education, Science and Technology Development
Minister Professor Amon Murwira said there was no way Masvingo could not be
self-sufficient given the resources that the province has.
<http://www.bulls.co.zw/> Read more >

Blanket mine lowers production targets

HARARE - Gold producer, Blanket mine has  lowered its production forecast
for the year despite recording improved  output in the quarter ended
September 30. Blanket mine, which is located in Gwanda, Matabeleland South
Province,  is one of the biggest producers of gold in Zimbabwe. In a
quarterly production update, its parent company Caledonia Mining
Corporation said third quarter production stood at approximately 13 978
ounces, 10 percent above second quarter production but three percent  below
the same period last year. Gold produced for the nine months to September
30, 2018 was 39 559  ounces, marginally behind the 39,710 ounces produced in
the  corresponding period in 2017. <http://www.bulls.co.zw/> Read more >

WorldRemit records 20pc surge in cash-pick up service

HARARE - WorldRemit, says it has seen a 20 percent increase in transactions
to cash pick up locations in Zimbabwe in the in the first half of October as
compared to the same period in September. In a statement, the global money
transfer agent said the recent surge in cash transactions is on the back of
partnerships with local banks and additional cash pick up points. "This
recent surge follows consistent growth in transactions sent to cash pick-up
locations over the last year, since worldRemit stepped in to bring USD in
cash into Zimbabwe. <http://www.bulls.co.zw/> Read more >

BULAWAYO - Companies in Bulawayo have resorted to short-time working hours
due to shortage of raw materials as foreign currency shortages continue to
take its toll, the Confederation of Zimbabwe Industries (CZI) has said. In
an interview, CZI Matabeleland Chamber president Mr Joseph Gunda said a
number of companies such as General Beltings, Shepco Industries and Zimplow
have started sending their workers home because of depressed productivity
caused by foreign currency constraints. "We are in a tight spot as forex
shortages hit industries harder. Generally most of us, it has been almost
three weeks with no allocations and most of the industries rely on the
importation raw materials and without allocations the situation is getting
worse," he said.  <http://www.bulls.co.zw/> Read more >

Command agriculture to continue for next 10 years   

THE Command Agriculture programme introduced by Government in 2016 will
continue for the next 10 years as it has proved to be a success, an official
has said. In his address at the Africa regional conference in Victoria Falls
on Wednesday, Air Force of Zimbabwe Commander Air Marshal Elson Moyo said
Command Agriculture has had a huge impact on Zimbabwe's economy. PKF
Chartered Accountants, an international accounting and audit firm with
offices in Zimbabwe, hosted the rotational conference on behalf of Zimbabwe.
<http://www.bulls.co.zw/> Read more >

Russian billionaire jets into Zimbabwe for investment deal

Russian billionaire, Mr Dmitry Mazepin has arrived in the country for talks
with the government this week about investment in Zimbabwe's fertiliser
industry. Agriculture is the mainstay of the economy but it has been hit
hard by shortages of fertiliser with prices of the commodity being sold
beyond the reach of many people. One of the biggest producers of fertliser,
Chemplex is reeling under financial challenges and its main investor, the
Industrial Development Corporation (IDC) recently announced plans to sell
controlling stake in the company. <http://www.bulls.co.zw/> Read more >

Lifting Import Restrictions Does Not Address Forex Challenges Faced By Local
Industries - CZI

The Confederation of Zimbabwe Industries (CZI) has said that the
government's decision to indefinitely remove all import restrictions is not
well thought out because it does not address the challenges faced by local
industries. CZI president Sifelani Jabangwe said the issue of inadequate
foreign currency will still need to be addressed and will actually become
worse. Said Jabangwe.  <http://www.bulls.co.zw/> Read more > 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

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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