Bulls n Bears Investors Notebook Issue 135:13 November 2018

Tue Nov 13 09:32:57 CAT 2018

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Bulls n Bears Investors Notebook Issue 135:13 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

Ziyambi defends Hwange reconstruction move

JUSTICE minister Ziyambi Ziyambi yesterday told Parliament that he had to
put Hwange Colliery under reconstruction without consulting other
shareholders because the problems afflicting the company needed swift action
to.
<http://www.bulls.co.zw/2018/11/13/ziyambi-defends-hwange-reconstruction-mov
e/> Read more >

Zim receives $3,6 million grant to fight cyber crime

ZIMBABWE yesterday received a $3,6 million grant from Japan to help fight
cybercrime. Finance minister Mthuli Ncube said the grant for procurement of
cyber security equipment, deepened the bilateral relations.
<http://www.bulls.co.zw/2018/11/13/zim-receives-36-million-grant-to-fight-cy
ber-crime/> Read more >

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

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

ED tightens noose on cash barons

CASH barons who have been accused of fuelling parallel market currency rates
and a raft of other economic ills will now face up to two years in prison if
they.  <http://www.bulls.co.zw/2018/11/13/ed-tightens-noose-on-cash-barons/>
Read more >

Plea to exempt cotton farmers from 2% tax

THE Cotton Company of Zimbabwe (Cottco) has proposed that cotton farmers be
exempted from the 2% tax on electronic transactions as well as from the 10%
withholding tax to help.
<http://www.bulls.co.zw/2018/11/13/plea-to-exempt-cotton-farmers-from-2-tax/
> Read more >

Namibian port project taking shape: RMS

STATE-OWNED logistics firm Road Motor Services (RMS) says its dry land port
project at Walvis Bay in Namibia is now 70% complete, four years after work
began on it. RMS,.
<http://www.bulls.co.zw/2018/11/13/namibian-port-project-taking-shape-rms/>
Read more >

Cassava listing date set

Econet Wireless Zimbabwe's financial and insurance business, Cassava
SmarTech will list on the Zimbabwe Stock Exchange on December 11 as it seeks
to tap into the country's growing digital technology.
<http://www.bulls.co.zw/2018/11/13/cassava-listing-date-set/> Read more >

Govt invites troubled AirZim bids

GOVERNMENT has invited bids for the troubled national airline, Air Zimbabwe,
as it pushes ahead with privatisation of its loss-making parastatals. The
airline owes creditors $341 million and was last.
<http://www.bulls.co.zw/2018/11/13/govt-invites-troubled-airzim-bids/> Read
more >

 <mailto:info at bulls.co.zw> 

2% tax derails industrial production

ZIMBABWE Congress of Trade Unions western region chairman Ambrose Sibindi
has said since the announcement of the 2% tax by Finance minister Mthuli
Ncube last month, many industries in Bulawayo.
<http://www.bulls.co.zw/2018/11/13/2-tax-derails-industrial-production/>
Read more >

Border Timbers suspended from ZSE

Agricultural concern, Border Timbers was suspended from trading on the
Zimbabwe Stock Exchange with effect from yesterday. This is after the
company had requested for a voluntary suspension of trading.
<http://www.bulls.co.zw/2018/11/13/border-timbers-suspended-from-zse/> Read
more >

 <mailto:info at bulls.co.zw> 

Major Blow For Officials As VID Introduces Electronic Provisional Licence
Exams

The Vehicle Inspectorate Department (VID) has announced that it will
introduce electronic Provisional Drivers' Licence examinations before
Christmas in a move aimed at reducing corruption. Speaking to the Herald,
VID.
<http://www.bulls.co.zw/2018/11/13/major-blow-for-officials-as-vid-introduce
s-electronic-provisional-licence-exams/> Read more >

Govt unveils parastatal reform strategy   

Government has rolled out detailed plans for the restructuring of
State-owned Enterprises (SOEs), with 41 entities lined-up for privatisation,
departmentalisation and listing on the Zimbabwe Stock Exchange. Other firms
would be commercialised, merged while four will be guillotined. It is
expected that 13 parastatals would be privatised while 12 are set for ZSE
listing. <http://www.bulls.co.zw/> Read more >

Treasury trims fiscal budget deficit   

Treasury has scored progress in trimming monthly fiscal budget deficit as
part of Government's economic reform agenda with September 2018 deficit
reduced to $19 million against a target of $99 million, Finance and Economic
Development Minister, Professor Mthuli Ncube reported. Fiscal consolidation,
governance reforms and stimulating production and exports is at the heart of
the country's Transitional Stabilisation Programme (2018 to 2020) that draws
policy thrust from Vision 2030, which seeks to transform Zimbabwe into an
upper middle-income economy. <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 >

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 >

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 >

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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