Bulls n Bears Investors Notebook Issue 144:26 November 2018

Mon Nov 26 12:24:33 CAT 2018

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Bulls n Bears Investors Notebook Issue 144:26 November 2018

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Mthuli's budget: The good, bad and ugly

In September, while meeting fund managers in New York, Finance minister
Mthuli Ncube said what the economy needed was a "big bang", a shock to the
system. A week later, he brought that big bang; on the advice of banks and
industry, he separated United States dollar accounts from local real-time
gross settlement and bond note deposits, and introduced a new 2% tax on
electronic transactions.  <http://www.bulls.co.zw/> Read more >

Scrap Fidelity's gold monopoly, says Parly committee

THE Parliamentary Portfolio Committee on Mines and Mining Development has
urged government to remove Fidelity Printers and Refiners (FPR)'s monopoly
as the sole gold buyer to promote competition. FPR is the only company that
was licensed to buy gold from large and small-scale producers, and holders
of gold-buying permits. It also does refining and exporting of gold in
Zimbabwe. But a report prepared by the Parliamentary Portfolio Committee on
Mines and Mining Development noted that the monopoly was now threatening the
viability of large-scale miners in the country.  <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

Red tape stalls Harare roads rehab

THE resurfacing of roads in Harare under the emergency roads rehabilitation
programme has stalled in other parts of the city after contractors pulled
out, citing non-payment by the local authority. Bitumen World, one of the
companies, has since moved off its machinery and plant equipment over a $4
million debt that has reportedly been outstanding for more than four months.
<http://www.bulls.co.zw/> Read more >

Simbisa shelves LSE listing plans   

Quick service restaurant (QSR) group, Simbisa Brands Limited's plans for a
secondary listing on the London Stock Exchange have been put on hold as the
market is currently not conducive for the transaction. The company will now
focus on growing its business before implementation of the listing, chairman
Addington Chinake said.  <http://www.bulls.co.zw/> Read more >

China wants trade talks with US to be equal   

BEIJING. - Trade talks between the United States and China should be equal
and mutually beneficial, Chinese Vice Commerce Minister Wang Shouwen said on
Friday, adding that he hoped the two countries can find ways to manage their
differences through dialogue.  <http://www.bulls.co.zw/> Read more >

Japan's Univergy to build 100MW solar for RioZim   

ZIMBABWE Stock Exchange (ZSE) listed multi-commodity miner, RioZim, has
engaged Japanese renewable energy company Univergy,  to build four solar
power stations with capacity to produce 100 megawatts to supply cheaper
energy to four of the group's biggest mines, sources say. Although finer
details remain largely sketchy, The Herald Business understands that RioZim
is working with Japanese partner firm Univergy on the plans to build four
solar power plants each with capacity for 25MW to power the four mines.
<http://www.bulls.co.zw/> Read more >

No more loan acquisitions from Zamco   

Government has stopped further acquisitions of non-performing loans from
companies through its special purpose vehicle with immediate effect - the
Zimbabwe Asset Management Company (Zamco), according to Finance and Economic
Development Minister Mthuli Ncube. Zamco was established in 2015 with a
10-year mandate to rid the banking sector of all non-performing loans after
which the special purpose vehicle was anticipated to wind down its
operations. It has since acquired bad debts amounting to over $1 billion
from stressed companies that have the potential to be rehabilitated upon the
injection of fresh capital.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Education gets biggest chunk in Budget

THE Education Sector yesterday received the highest allocation of $1,5
billion in the 2019 National Budget with the Ministry of Primary and
Secondary Education receiving the lion's share of $1,132.
<http://www.bulls.co.zw/2018/11/23/education-gets-biggest-chunk-in-budget/>
Read more >

Duty in forex for car imports

IMPORTERS of motor vehicles will pay customs duty in foreign currency with
effect from today as Government moves to control the surge in the
importation on non-productive goods while businesses.
<http://www.bulls.co.zw/2018/11/23/duty-in-forex-for-car-imports/> Read more
>

 <mailto:info at bulls.co.zw> 

Privatisation to yield $350m

THE Government is expected to reap proceeds of up to $350 million in 2019
from the privatisation of key State-owned enterprises (SOEs) and
parastatals, the Minister of Finance and Economic.
<http://www.bulls.co.zw/2018/11/23/privatisation-to-yield-350m/> Read more >

Zim shops join Black Friday frenzy

THE Christmas season is upon us and the Black Friday phenomenon during which
retail shops slash prices of products of selected goods up to 95 percent has
trickled down to.
<http://www.bulls.co.zw/2018/11/23/zim-shops-join-black-friday-frenzy/> Read
more >

Reprieve for taxpayers, firms to get incentives

GOVERNMENT has extended a string of fiscal incentives to consolidate growth
of the productive sectors and provided relief to tax payers in view of
prevailing economic hardships. In his 2019.
<http://www.bulls.co.zw/2018/11/23/reprieve-for-taxpayers-firms-to-get-incen
tives/> Read more >

Treasury sets aside $310m for devolution

TREASURY has set aside $310 million to facilitate the process of devolution
in the country in fulfilment of a pledge President Emmerson Mnangagwa made
before the elections. In his 2019.
<http://www.bulls.co.zw/2018/11/23/treasury-sets-aside-310m-for-devolution/>
Read more >

TOP BRASS PAY CUTS: President, VPs & senior officials affected

SALARIES for top Government officials including President Mnangagwa, his
deputies, Cabinet Ministers and Heads of State-Owned Enterprises will be cut
by five percent in January 2019 while diplomatic missions will.
<http://www.bulls.co.zw/2018/11/23/top-brass-pay-cuts-president-vps-senior-o
fficials-affected/> Read more >

Civil service bonuses by year-end

CIVIL servants will be paid their bonuses before the end of the year, the
Minister of Finance and Economic Development, Professor Mthuli Ncube, said
yesterday. This is a departure from.
<http://www.bulls.co.zw/2018/11/23/civil-service-bonuses-by-year-end/> 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

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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