Bulls n Bears Investors Notebook Issue 140:20 November 2018

Tue Nov 20 10:25:01 CAT 2018

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Bulls n Bears Investors Notebook Issue 140:20 November 2018

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Meikles

AGM

Parklands, 26 Greenhithe Lane, Borrowdale

20/11/2018 ( 9am )

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

Zimra demands tax in forex from firms charging US$

THE Zimbabwe Revenue Authority (Zimra) has started demanding that companies
that charge for goods and services in United States dollars also remit taxes
similarly, a move analysts say affirms that bond notes, electronic and
mobile money transfers do not hold the same value as the greenback. Zimra
reports directly to Treasury pending the appointment of a new board,
indicating these new demands were supported by government.
<http://www.bulls.co.zw/> Read more >

Meikles challenges shares seizure

Meikles Limited has made a court application challenging the attachment of
shares in several of its subsidiaries by the sheriff to settle a $1,5
million debt owed to a local consultancy firm. The listed conglomerate had
contracted Core Solutions to help recover the money raided by the Reserve
Bank of Zimbabwe (RBZ) from its accounts.  <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

2% transactional tax threatens mines operations

THE mining sector survey says the 2% transactional tax imposed last month
has resulted in price increases across the value chain, which, if not
reviewed, would lead to suspension of operations by some mines. According to
the state of the mining industry survey carried out by the Chamber of Mines,
all respondents indicated that the 2% tax, which is paid up front, was an
additional burden to an industry which was already operating in a punitive
fiscal framework.  <http://www.bulls.co.zw/> Read more >

Govt, industry in prices deadlock

GOVERNMENT and business yesterday reached an impasse over arbitrary price
hikes after a lengthy meeting between Industry and Commerce minister
Mangaliso Ndlovu and captains of industry in the capital. The meeting ended
with the minister demanding action against retailers charging multiple
prices for goods and services. Zimbabwe has witnessed a sharp rise in prices
of basic goods blamed on the new 2% transaction tax on money transfers which
was imposed last month and the loss of value on the black market of the
local bond note currency and electronic transfers against the US dollar.
<http://www.bulls.co.zw/> Read more >

I'm not scared of Hwange Colliery audit: Chitando

MINES minister Winston Chitando yesterday told Parliament that he was not
afraid of what would come out from the forensic audit on Hwange Colliery
Company, saying that it must proceed to its conclusion despite being
implicated as having conducted some dodgy deals in the preliminary report.
Chitando appeared before the Parliamentary Portfolio Committee on Mines
together with the Attorney-General Prince Machaya, who was also quizzed on
the legal diligence he took before agreeing to put the mine under
reconstruction with Bekithemba Moyo as the administrator.
<http://www.bulls.co.zw/> Read more >

Large-scale gold miners in scam   

Government has threatened to descend heavily on large-scale gold mining
companies that are reportedly under declaring their gold output. Some of the
primary producers are understood to be selling their gold to Fidelity
Printers and Refiners (FPR) through small-scale miners. This was said
yesterday by Deputy Minister of Mines and Mining Development, Mr Polite
Kambamura during the launch of the State of the Mining Industry 2018 Report
in Harare.  <http://www.bulls.co.zw/> Read more >

Large-scale gold miners in scam   

Government has threatened to descend heavily on large-scale gold mining
companies that are reportedly under declaring their gold output. Some of the
primary producers are understood to be selling their gold to Fidelity
Printers and Refiners (FPR) through small-scale miners. This was said
yesterday by Deputy Minister of Mines and Mining Development, Mr Polite
Kambamura during the launch of the State of the Mining Industry 2018 Report
in Harare.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Forex deal boon for cane growers

Indigenous commercial sugar cane farmers in the Lowveld have been thrown a
lifeline after they sealed a deal with Zimbabwe's sole sugar producer,
Tongaat Hulett Zimbabwe, to receive payment for.
<http://www.bulls.co.zw/2018/11/16/forex-deal-boon-for-cane-growers/> Read
more >

Inept bosses cost Zinara US$200m

The Zimbabwe National Road Administration (Zinara) has suffered a financial
loss in excess of US$200 million due to incompetence and lack of expertise
by its senior managers to negotiate contracts.
<http://www.bulls.co.zw/2018/11/19/inept-bosses-cost-zinara-us200m/> Read
more >

 <mailto:info at bulls.co.zw> 

'Prepaid water meters optional'

The planned rollout of 100 000 pre-paid water meters in Harare is optional
and is in response to residents' complaints against estimated billing, Mayor
Councillor Herbert Gomba has said. In.
<http://www.bulls.co.zw/2018/11/19/prepaid-water-meters-optional/> Read more
>

Currency options for crisis-ridden Zimbabwe

Zimbabwe needs to introduce a hybrid foreign currency management system or
create a long maturity US$ Brady type bond to preserve savings amid the
currency chaos, renowned economist Ashok Chakravarti.
<http://www.bulls.co.zw/2018/11/19/currency-options-for-crisis-ridden-zimbab
we/> Read more >

Adopt the rand, advises Fitch Solutions

ZIMBABWE must adopt the South African rand to deal with the worsening
currency crisis caused by the shortage of United States dollars, an
international research firm has said. United Kingdom-based.
<http://www.bulls.co.zw/2018/11/19/adopt-the-rand-advises-fitch-solutions/>
Read more >

The Midlands chrome curse: Miners leave trail of destruction

AFTER nearly three decades of prosperity as a farmer in Zvishavane's
Mapunzure area, elderly Regina Ndlela describes the last three years at her
Mkatisa farm as a nightmare. The aftermath.
<http://www.bulls.co.zw/2018/11/19/the-midlands-chrome-curse-miners-leave-tr
ail-of-destruction/> Read more >

Vaya Rider targets 1 000 drivers

CASSAVA On Demand Services, a division of Cassava Smartech Zimbabwe, has
launched its Vaya Rider service in Bulawayo, and intends to recruit 1 000
active drivers in the region by..
<http://www.bulls.co.zw/2018/11/19/vaya-rider-targets-1-000-drivers/> Read
more >

Musimboti cashes in on drugs crisis

CERTIFIED herbal medicines manufacturer, Musimboti Traditional Science and
Technology Institute (MTSTI), has over the past two months experienced a
surge in business as patients resort to traditional medicine following
rampant.
<http://www.bulls.co.zw/2018/11/19/musimboti-cashes-in-on-drugs-crisis/>
Read more >

Building value chains, skills for Vision 2030

Zimbabwe aspires to be an upper middle-income economy with a per capita
income of US$3 500 by 2030. This requires fundamental transformations and
shifts in the economy. Our Transitional Stabilisation.
<http://www.bulls.co.zw/2018/11/15/building-value-chains-skills-for-vision-2
030/> Read more >

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

Meikles

AGM

Parklands, 26 Greenhithe Lane, Borrowdale

20/11/2018 ( 9am )

Finance minister Mthuli Ncube presents 2019 National Budget

Parliament

22/11/2018

Simbisa Brands

AGM

Standards Association of Zimbabwe, Northend Close, Borrowdale

23/11/2018 (8:15am)

Axia

AGM

Chapman Golf Club, Eastlea

27/11/2018 (8:15am )

Econet

AGM

Econet Park, Msasa

29/11/2018  (9am )

Econet

EGM

Econet Park, Msasa

29/11/2018  (10am )

GetBucks

AGM

Conference Room 1, Monomotapa Hotel

04/12/2018 (10am )

Innscor

AGM

Royal Harare Golf Club

05/12/2018 (8:15am)

Truworths

AGM

Boardroom, Prospect Park, 808 Seke Road

06/12/2018 (9am)

TSL

EGM

Head Office, 28 Simon Mazorodze Road, Southerton

07/11/2018 (10am )

Cassava shares list on the ZSE

11/12/2018

REST OF AFRICA

Counters Trading Under Cautionary

Border Timbers

Econet Wireless Zimbawe

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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