Bulls n Bears Investors Notebook Issue 132:08 November 2018

Thu Nov 8 10:15:14 CAT 2018

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Bulls n Bears Investors Notebook Issue 132:08 November 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

Govt to announce diamond policy

MINES minister Winston Chitando says he expects to announce a diamond policy
later this month, which will also regularise the operations of the
State-owned Zimbabwe Consolidated Diamond Company (ZCDC).The policy is
expected to lead to the unbundling of ZCDC and put legal requirements for
mining companies to have corporate social responsibility programmes. ZCDC
was established in 2015 after government cancelled licences of miners in the
Chiadzwa fields and consolidated all the diamond mining concessions in the
area under ZCDC.  <http://www.bulls.co.zw/> Read more >

Forex shortages hinder start-up

In 2006, Bike and Boat Bar (BBB), a Bulawayo company, started manufacturing
motor cycles, a first for the country and the region. Soon after, however,
the economy tanked as hyperinflation rendered the local currency worthless
and the company could not afford to import key parts and parked the idea.
Then came dollarisation in 2009, and BBB decided to try again, coming
together with several local firms under the umbrella of Southern Africa
Matabeleland Industrial Company (Samic).  <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

Small-scale miners push gold output to top 30 tonnes in 10 months

ZIMBABWE'S gold production topped 30 tonnes for the 10 months to October,
with 34 tonnes expected in the full year, anchored by small-scale miners.
The previous high was 27,1 tonnes produced in 1999. During the 10-month
period, major miners, who are battling to stay afloat due to foreign
currency shortages, recorded 9,82 tonnes of gold while artisanal miners
produced 20,4 tonnes. In January, gold output was 2 558 tonnes, February (2
015), March (2 735), April (2 887), May (3 399), June (3 676), July (3 549),
August (3 919), September (3 475) and October (2 014).
<http://www.bulls.co.zw/> Read more >

Govt to procure digitisation transmitters

Government says it will soon procure 32 digital transmitters and set-top
boxes it requires to finalise the digitisation programme. Information,
Publicity and Broadcasting Services minister Monica Mutsvangwa told NewsDay
after touring the Zimbabwe Broadcasting Corporation (ZBC) Montrose Studios
yesterday that she expects the process to be completed soon. She was
accompanied by ministry secretary Ndavaningi Mangwana.
<http://www.bulls.co.zw/> Read more >

Money supply growth slows   

Zimbabwe's annual broad money supply (various forms of money) increased by
just 1,18 percent in August to give a 38 percent rise for the year to August
2018 compared to 47 percent annual growth recorded in July, the Reserve Bank
of Zimbabwe (RBZ) says. The broad money supply - such as banknotes and
coins; shorter bank deposits, bank deposits redeemable at three months'
notice, money-market fund shares and debt securities maturing in two years -
was driven by demand deposits and currency in circulation. Month-on-month
broad money increased by 1,18 percent from $9,682 billion in July 2018 to
$9,796 billion in August 2018, the RBZ said.  <http://www.bulls.co.zw/> Read
more >

No price controls: Govt   

Government says it will not impose any price controls on the market, but
will play a mediation role between stakeholders while ensuring food
security, a senior official has said. This comes after a crisis meeting
between grain millers and manufacturers of packaging materials held
yesterday after the latter more than doubled the cost of packaging material,
a development that could cause a price reaction across the entire value
chain. Last month, prices of many goods rocketed following a spike in
exchange rates on the parallel market, a situation that resulted in supply
gaps and shortages as consumers scrambled for the available shelf products.
<http://www.bulls.co.zw/2018/11/01/govt-raises-30m-from-airtime-tax/> Read
more >

IMF team arrives for consultations   

An International Monetary Fund (IMF) team arrived in the country yesterday
for the annual Article IV consultations - with discussions likely to focus
on the country's monetary and fiscal policies, state institutions and other
risks factors, confirmed a source. Every year, the IMF arranges bilateral
Article IV consultations with Zimbabwe and other member countries, with
teams being dispatched to collect economic and financial data and discuss
economic policy measures with officials. Through these consultations, the
IMF attempts to assess each country's economic health and anticipates its
future financial problems and also make some recommendations.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

ZCDC ploughs $7m into community   

The Zimbabwe Consolidated Diamond Company (ZCDC) has extracted 2,4 million
carats (almost 0,5 tonne) in the first 10 months to October - and ploughed
over $7 million back into the community. ZCDC chief executive officer Dr
Moris Mpofu, told The Herald Business in emailed responses that of the $7
million, the Marange Zimunya Community Share Ownership Trust got $5 million.
"In 2018, ZCDC has invested over $7 million in sustainable corporate social
investment projects; this includes an investment of $5 million in the
Marange Zimunya Community Share Ownership Trust," said Dr Mpofu. .
<http://www.bulls.co.zw/> Read more >

Zimra suspends two senior staff   

The Zimbabwe Revenue Authority (Zimra) has suspended two senior officials in
connection with the recent alleged attempt by some employees to siphon $2,3
million from the Authority. Finance deputy director Ms Everjoy Maniwa and
head of e-cargo tracking system Mr Alois Manhire, were suspended to
facilitate the investigations, sources familiar with the developments said.
The Herald Business understands that the move comes hard-on-the-heels of the
suspension of other nine officials in connection with the matter.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

ED seals four agreements on Guinea visit   

ZIMBABWE and Guinea Conakry on Tuesday signed four agreements covering the
establishment of a Joint Commission, reciprocal exemption of visas to
holders of diplomatic and service passports, agreement on cooperation and a
Memorandum of Understanding for establishment of political and diplomatic
consultation between ministries of foreign affairs. The visit by President
Emmerson Mnangagwa to Guinea Conakry was the first by a Zimbabwean sitting
head of state making it historic. President Mnangagwa, who was in Guinea
Conakry on a State visit and his counterpart President Alpha Conde witnessed
the signing of the agreements by acting Foreign Affairs Minister Cain
Mathema.  <http://www.bulls.co.zw/> Read more >

We've not hiked flour price: Millers   

THE Grain Millers Association of Zimbabwe (GMAZ) has said its members have
not increased the price of flour to bakeries and as such the recent bread
price increase cannot be attributed to flour price. Bread remains in short
supply in the market and last week bakeries after negotiations with
Government, resolved to increase the price for a loaf from $1,10 to $1,40.
Government intervened after some bakeries had announced that they had
increased the price to $2,20 a loaf.  <http://www.bulls.co.zw/> Read more >

ZTA hires Aljazeera in bid to market country's tourist attractions

THE Zimbabwe Tourism Authority (ZTA) has engaged global news network,
Aljazeera in efforts to market the country as a suitable tourism destination
for world tourists. ZTA did this through signing a Memorandum of
Understanding with the world news giant. The arrangement will see
Aljazeera's English channel broadcasting and listing all the facilities in
Zimbabwe's hospitality sector reaching out to a wider local and
international audience. The collaboration will also see the institution
conduct a media training on selected members from the Authority.
<http://www.bulls.co.zw/> Read more >

Too Late! Supreme Court Gives Verdict On Dr Dish's Appeal To Distribute
Kwese Content

The long-awaited verdict on the court case concerning Dr Dish's licence to
distribute content has finally been passed and the Supreme Court has ruled
that Kwese was not supposed to be distributing content using Dr Dish's
licence.Recap. Where is this coming from you may be wondering? Well, to
fully grasp what happened we have to go back a few months and look at what
exactly was happening during Kwese's struggle to broadcast locally. When
Kwese TV came into Zim, the licence they were using to broadcast belonged to
Dr Dish.   <http://www.bulls.co.zw/> Read more >

Zim's leading brewer says new tax led to panic buying of beer

ZIMBABWE'S leading brewer has said the government dithering over a
controversial tax on money transfers has led to panic buying of beer and a
disruption in fuel supplies, overshadowing a bumper six-month period of
sales. Delta Beverages, which has the world's biggest brewer as its largest
shareholder, said business confidence has been undermined in the country by
"conflicting statements from authorities".  <http://www.bulls.co.zw/> Read
more >

$333 million from India. . .Hwange, Bulawayo Power Stations set for upgrades

India has extended a $333 million line of credit to Zimbabwe for the upgrade
of Hwange Thermal Power Station and rehabilitation of Bulawayo Thermal Power
Plant. Of this, $310 million will go towards the Hwange rehabilitation
programme while $23 million will be used on the Bulawayo project. This was
announced in a joint statement released at the end of Indian Vice-President
Venkaiah Naidu's three-day working visit to Zimbabwe yesterday. VP Naidu
also announced that the Asian country would give Zimbabwe a $19.5 million
soft loan for the Deka Water Pipeline project in Hwange.
<http://www.bulls.co.zw/> Read more >

Zimbabwe looks beyond aid.Borrowing not sustainable, says Prof Ncube   

THE Minister of Finance and Economic Development, Professor Mthuli Ncube,
has said domestic resource mobilisation (DRM) must be the "lifeblood" of
development as Zimbabwe looks beyond reliance on borrowing and donor support
to finance provision of key services. Speaking on the occasion of last
week's Zimbabwe Revenue Authority (Zimra) appreciation awards event, the
minister said the need for an improved economy, social and infrastructural
development must be driven by a sustainable DRM framework.
<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.

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