Bulls n Bears Investors Notebook Issue 136:14 November 2018

Wed Nov 14 12:41:40 CAT 2018

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Bulls n Bears Investors Notebook Issue 136:14 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

Inflation rate shoots to 20,85%

Zimbabwe's inflation rate shot up to 20,85% in October, the highest since
2008 from 5,39% in September as the rate of price increases quickened,
rekindling memories of hyperinflation. On a.
<http://www.bulls.co.zw/2018/11/14/inflation-rate-shoots-to-2085/> Read more
>

Fake brown bread on the market: CCZ

Some unscrupulous bakers are reportedly colouring white flour brown in
making bread as a substitute to using brown flour, NewsDay has learnt. The
difference between colouring white flour brown and.
<http://www.bulls.co.zw/2018/11/14/fake-brown-bread-on-the-market-ccz/> Read
more >

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

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

Tourism sector seeks tax reviews

TOURISM players have pleaded with Treasury to review the 15% value-added tax
(VAT) on foreign accommodation, the 2% transactional tax and duty exemption
for car rental owners in order to.
<http://www.bulls.co.zw/2018/11/14/tourism-sector-seeks-tax-reviews/> Read
more >

Zim entrepreneurs believe in their country

The intervention that resulted in the ousting of President Robert Mugabe was
hailed by many as a necessary step in the right direction for Zimbabwe.
However, doubts over the credibility.
<http://www.bulls.co.zw/2018/11/14/zim-entrepreneurs-believe-in-their-countr
y/> Read more >

Foreign suppliers threaten TelOne services over $18m debt

STATE-OWNED telecoms operator, TelOne, has been threatened with service
disruption by critical foreign suppliers, who include West Indian Ocean
Cable Company (Wiocc) and China-EximBank, among others, over an $18 million.
<http://www.bulls.co.zw/2018/11/14/foreign-suppliers-threaten-telone-service
s-over-18m-debt/> Read more >

Transforming Zimbabwe to a Private Sector-Led Economy

The Zimbabwean government, under President Emmerson Mnangagwa, has made
steady strides towards change, which have already had a positive economic
impact. The Government of Zimbabwe launched its economic blueprint, the.
<http://www.bulls.co.zw/2018/11/14/transforming-zimbabwe-to-a-private-sector
-led-economy/> Read more >

RwandAir launches route between Cape Town, Harare and Kigali

The route between Cape and Harare is en route to Kigali, where RwandAir
connects with flights on their network that transport people and cargo to
Nairobi, Kilimanjaro, Dar es Salaam,.
<http://www.bulls.co.zw/2018/11/14/rwandair-launches-route-between-cape-town
-harare-and-kigali/> Read more >

 <mailto:info at bulls.co.zw> 

IMF waits on 2019 Budget

The International Monetary Fund (IMF) mission chief to Zimbabwe Mr Gene Leon
has said the Fund has taken note of reforms being undertaken by Government
and is looking to the.
<http://www.bulls.co.zw/2018/11/14/imf-waits-on-2019-budget/> Read more >

Cresta upgrades hotels to accommodate Zim tourist increase

Renovations and improvements are the order of the day for Cresta Hotels,
which also opened Cresta Sprayview at Victoria Falls. Chipo Mandela, Country
Director in Zimbabwe of Cresta Hotels Zimbabwe..
<http://www.bulls.co.zw/2018/11/14/cresta-upgrades-hotels-to-accommodate-zim
-tourist-increase/> 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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