Bulls n Bears Investors Notebook Issue 134:12 November 2018

Mon Nov 12 10:09:06 CAT 2018

 <http://www.bulls.co.zw/> Bulls.co.zw        <mailto:bulls at bulls.co.zw>
Views & Comments        <http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 134:12 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

Zimbabwe's unlicensed foreign currency traders face 10-year jail

(Reuters) - Unlicensed foreign currency traders in Zimbabwe face up to 10
years in jail if convicted and loss of their money and assets when new
exchange control rules are published this week, a senior government official
said on Sunday. The southern African nation, which adopted the U.S. dollar
after dumping its hyperinflation-hit currency in 2009, is gripped by a
shortage of cash dollars, which has seen prices of imported goods spiral in
recent weeks.  <http://www.bulls.co.zw/> Read more >

Econet posts stellar $600m HY revenue   

ECONET Wireless Zimbabwe Limited (EWZL) has announced a $600 million
half-year revenue to August 31, 2018, up from $353 million in the same
period last year, buoyed by a strong performance by its 'SmarTech' business
unit. The conglomerate, which is well on its way to becoming the country's
first listed billion-dollar revenue business, posted an impressive $122
million profit after tax in the same period, a 265 percent jump from the $49
million reported in the same period last year. The blue-chip company's 70
percent increase in overall venue was boosted by its $248 million SmarTech
revenue growth, which jumped by 145 percent from $101 million in the same
period last year.  <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

Bonded warehouse facility for firms   

GOVERNMENT will support exporters in setting up bonded warehouses in the
country to improve access to raw materials as part of measures to increase
domestic production and expand the job market, the Minister of Finance and
Economic Development, Professor Mthuli Ncube, has said. In light of the
prevailing foreign currency shortages, local manufacturers have in the past
expressed concern over operational constraints, chief among which is lack of
access to raw materials. On Friday Prof Ncube, who was accompanied by his
Permanent Secretary, Mr George Guvamatanga, had a tour of Monarch Steel, a
division of Treger Group in Bulawayo where he was briefed about the
company's milestones and constraints. <http://www.bulls.co.zw/> Read more >

'Utilise forex for basic commodities packaging'   

THE Grain Millers' Association of Zimbabwe has urged packaging companies to
use the money allocated to them by the Reserve Bank of Zimbabwe to
prioritise production of packaging material for basic commodities to ensure
the end product is affordable to consumers. This was said by GMAZ chairman,
Mr Tafadzwa Musarara, after a meeting with packaging companies last week.
The meeting came after packaging manufacturers increased the cost of
packaging by over 500 percent and this affected the price basic commodities.
Manufacturers of packaging for mealie meal and bread more than doubled their
prices, a situation that is likely to see a further increase in the prices
of food. <http://www.bulls.co.zw/> Read more >

Chinese billionaire commits to invest in Zimbabwe   

ONE of China's top billionaires, Mr Li Jinyuan, has committed to invest in
Zimbabwe after he held talks with President Emmerson Mnangagwa last week. Mr
Li, who is chairman and chief executive of Tiens Group, has a net worth of
over US$5 billion, according to Forbes Magazine. He is also a renowned
philanthropist. His company Tiens has established a firm footprint through
direct selling of healthcare products and providing employment to thousands
of people. Speaking to journalists after a closed door meeting with
President Mnangagwa, Mr Li gave the thumbs up to the Zimbabwe is open for
business mantra. <http://www.bulls.co.zw/> Read more >

New medical aid package launched   

Belvedere Medical Centre has introduced a new medical aid package - Save
life Medical Aid Fund - aimed at providing quality and affordable services
to patients. According to BMC, this package and any other services they
offer at their hospitals are paid for using all forms of payment recognised
in Zimbabwe. Save life Medical Aid was established to provide a range of
innovative health care options to corporates, schools and members of
communities without formal medical cover. The new medical aid package starts
from $4 up to $100. In interview on Friday, Belvedere Medical Centre chief
executive Dr Simbarashe Makuni, said Save life Medical Aid Fund was founded
in 2016.
<http://www.bulls.co.zw/2018/11/01/govt-raises-30m-from-airtime-tax/> Read
more >

Bindura gold milling centre reopened   

Government has lifted the suspension imposed on a gold milling centre in
Bindura that was shut down last month over a myriad of allegations bordering
on non-compliance with gold mining regulations. Timsite Entreprise milling
centre was closed on October 4 after Mines and Mining Development Minister
Winston Chitando, paid an unexpected visit at the centre where he came
face-to-face with workers who went about their business without protective
clothing. Minister Chitando then told The Herald Business that the move was
part of Government efforts to cab gold leakages as well as foster an
improvement in safety tenants.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Panic as ED targets cash barons' accounts

BOGUS businesspersons operating briefcase companies that fed on government
tender manipulation and kickbacks to amass wealth are reportedly in panic
mode after the State said it would use the Zimbabwe Revenue Authority
(Zimra) to sniff into their fat bank balances in search of ill-gotten
wealth. The law, which will be gazetted today, will empower government to
seize unexplained real time gross settlement (RTGS) transactions, balances,
fixed assets and goods which have no forensic trace, highly-placed sources
in government said yesterday. <http://www.bulls.co.zw/> Read more >

Inflation likely to stabilise: Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says inflation is
likely to stabilise around 7% in the medium term. Giving his presentation
during the pre-budget seminar in Bulawayo last week, Mangudya said
Zimbabwe's annual inflation rate at 5,4% in September 2018 was still within
Southern African Development Community's inflation target range of 3-7% and
comparable to regional peers. "RBZ is committed to contain inflation within
growth-enhancing levels of 3% to 7% band, a necessary and sufficient
condition to preserve purchasing power; foster wage stability, and reduce
demand for wage increases," Mangudya said. <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

Diasporans should pay for Air Zim services in US$: Cabinet

CABINET has resolved that Zimbabweans living in the diaspora should pay for
Air Zimbabwe services in United States dollars, Transport and
Infrastructural Development minister Joel Biggie Matiza has said. Responding
to the Portfolio Committee on Transport and Infrastructural Development
report presented during the 2018 pre-budget seminar held in Bulawayo last
week, Matiza said Cabinet had approved the recommendation. "There are issues
where the committee has recommended that Air Zimbabwe charge in forex for
both regional and international routes. My ministry has already started
engagements with relevant offices," he said. <http://www.bulls.co.zw/> Read
more >

Econet to surrender Liquid Telecom equity

ECONET Group has announced that it was selling its entire 51% stake in
Liquid Telecom in a move meant to create an independent internet services
provider. In a statement, Econet Group founder, Strive Masiyiwa, has said he
is considering a separate listing next year for subsidiary Liquid Telecom,
which could be one of the largest operator of fibre and business satellite
services on the African continent. The decision has been prompted by
numerous offers made by potential investors. <http://www.bulls.co.zw/> Read
more >

41 State-owned Enterprises To Be Restructured

The government is in the process of restructuring 41 state-owned enterprises
(SOEs). This is meant to make them commercially viable as well as reduce the
financial burden on the government. Of the 41 SOEs, 13 will be privatised
while 12 will be listed on the Zimbabwe Stock Exchange. The rest will be
downgraded to a department, partially privatised, commercialised or undergo
liquidation. Among the SOEs to be converted into public limited companies
include Petrotrade, Willowvale Motor Industries, Chemplex Corporation and
Deven Engineering. Speaking to the Sunday Mail, State Enterprises Reform
Agency executive director, Edgar Nyoni said <http://www.bulls.co.zw/> Read
more >

There Is Enough Fuel For Festive Season- Energy Minister

In an interview on the sidelines of the just ended 2019 Parliamentary
pre-budget seminar in Bulawayo, Energy and Power Development Minister Joram
Gumbo said Zimbabwe has enough fuel supplies for the forthcoming festive
season. Gumbo said his ministry has requested the Reserve Bank of Zimbabwe
to increase the weekly fuel import allocation to $35 million from $20
million. Said Gumbo:  <http://www.bulls.co.zw/> Read more >

Mazoe Orange Crush Price Increases

Schweppes Zimbabwe Limited has increased the retail price for a 2 litre
bottle of Mazoe Orange Crush to $4 from $3,20. In a statement, Schweppes
said the price increase was prompted by rising costs of key imported
ingredients. Part of the statement reads: Owing to an increase in the price
of manufacturer grade sugar effective November 2018, as well as an increase
in costs of local juice, consumables and spare parts, Mazoe orange crush
pricing will be adjusted from current recommended retail price of $3,20 to
$4,00 per 2l unit effective 7 November 2018. <http://www.bulls.co.zw/> Read
more >

Govt Seeks Investor For Air Zimbabwe

Speaking at the just ended 2019 pre-budget seminar in Bulawayo on Friday,
Transport and Infrastructural Development Minister Joel Biggie Matiza said
he will float a tender this week seeking an investor for Air Zimbabwe.
Matiza also said the Portfolio Committee on Transport and Infrastructural
Development recommended Government to assume Air Zimbabwe's debt amounting
to $377 million. He also said some of the debt could be converted to equity
since it is partly owed to Government and State enterprises. Said Matiza:
<http://www.bulls.co.zw/> Read more >

Cooking Oil Producers Urge Govt To Scrap Import Duty On Raw Materials

The Oil Expressors Association Of Zimbabwe (OEAZ) is calling for the
government to remove import duty on all raw materials to boost production
and improve the competitiveness of local producers. Zimbabwe imports most of
the raw materials needed in the production of cooking oil. This has led to
shortages of the product on the local market due to foreign currency
scarcity. OEAZ insists that import duty on the raw materials needed in the
production of cooking oil is a stumbling block to local manufacturers'
competitiveness. The organisation's chairperson, Busisa Moyo said
<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 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181112/460dbf0e/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 29401 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181112/460dbf0e/attachment-0003.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 29134 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181112/460dbf0e/attachment-0004.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20181112/460dbf0e/attachment-0005.jpg>