Bulls n Bears Investors Notebook Issue 146:28 November 2018

Wed Nov 28 10:30:58 CAT 2018

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Bulls n Bears Investors Notebook Issue 146:28 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

More exemptions on two cents tax   

TREASURY has proposed further exemptions to the Intermediated Money Transfer
Tax of two cents per dollar transacted following widespread stakeholder
concerns and the need to ease cost of doing business while consolidating
gains achieved through use of electronic transacting platforms. Transfer of
funds between an individual's mobile wallets and or bank accounts as well as
claims settlements to medical service providers from medical aid societies
will be exempted from the new tax with effect from 1 January 2019.
<http://www.bulls.co.zw/> Read more >

Govt entities defy procurement law   

GOVERNMENT departments, principally local authorities, continue to defy the
requirements of the Public Procurement and Disposal of Public Assets (PPDPA)
Act which dictates that procuring entities must register with the authority.
Of the 294 Government departments, 174 of them have not yet submitted their
registration applications, implying a 59,1 percent non-compliance rate. A
measly 85 Government departments have complied while 35 applications are
under review.  <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

325 000 cotton growers receive inputs   

Nearly 325 000 cotton growers have received inputs under the Government's
Free Inputs Scheme meant to help vulnerable communities and prop up
production. The Cotton Company of Zimbabwe, which is administering the
programme said 324 517 farmers had already received some inputs - out of the
targeted 400 000 farmers. The package of the inputs include seed, basal and
top dressing fertilisers as well as chemicals. "We have progressed very well
in terms of distributing the inputs and we are within our targets," Cottco
operations manager Ms Marjorie Chaniwa told The Herald Business.
<http://www.bulls.co.zw/> Read more >

Caledonia praises ED   

AIM-listed mining group, Caledonia Mining Corporation, has showered praises
on the Government for taking bold steps in implementing investment reforms
which will add impetus to attracting investors and enhancing economic
growth. The mining group owns one of Zimbabwe's leading gold operations,
Blanket Mine, which is based in Gwanda, Matabeleland South province. In a
televised interview posted on the group's website, Caledonia chief financial
officer, Mr Mark Learmoth, commended President Mnangagwa and his
administration for coming up with investment policies aimed at restoring
economic growth in Zimbabwe.  <http://www.bulls.co.zw/> Read more >

'Parallel market rates to fall in medium-term'

Local research firm IH Securities sees parallel market rates falling in the
medium term, as government implements fiscal discipline and moderating
consumer demand. Since the presentation of the 2019 National Budget last
week, parallel market rates have largely remained unchanged around US$1 to
$3,50 for electronic and mobile money transactions. In its review of the
2019 National Budget statement, IH Securities said measures towards fiscal
consolidation and macroeconomic stability, if implemented, would push
parallel market rates lower.  <http://www.bulls.co.zw/> Read more >

Banks health survey report out tomorrow

The Zimbabwe Independent will tomorrow release findings of its 2018 edition
of the prestigious Banks and Banking Survey. The survey, which was carried
out under the theme Financial Inclusion: Banking the Unbanked, analyses key
ratios, as well as the balance sheet size and profitability of all the 18
registered commercial banks and building societies operating in the country.
The banks in question will be ranked based on these results and a detailed
matrix of this ranking is contained in the report.
<http://www.bulls.co.zw/> Read more >

Inadequate insurance coverage by policyholders   

The recent Monetary Policy Statement by the Reserve Bank Governor and the
increase in prices in the market have led to speculative behaviour among
most suppliers, resulting in an upsurge in property values. Motor vehicle
owners and sellers have not been spared this trend.  It is imperative that
your assets are insured for the correct replacement value. If they are not,
this means they are under-insured, which will result in any claim being
reduced in the same proportion as the under-insurance.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Parastatal reforms gather momentum   

Government's reform programme on 43 public enterprises has gathered momentum
with Cabinet resolving to consider, for adoption, submissions on targeted
entities beginning next week. Each Cabinet meeting will consider submissions
on two public enterprises starting with ZISCO and Chemplex Corporation next
Tuesday. Briefing journalists after today's Cabinet meeting, Information,
Publicity and Broadcasting Services Acting Minister Mangaliso Ndlovu said
there is no going back on the reforms.  <http://www.bulls.co.zw/> Read more
>

Fuel Situation To Normalise In The Next Few Days: Mthuli Ncube

The Minister of Finance and Economic Development Mthuli Ncube said that the
fuel situation will normalise in the next few days. Speaking to the press
after a Cabinet meeting, Ncube said the fuel shortages are being caused by
delays in the making of payments and transport logistics. He has however
assured the public that the government is on top of the situation. Ncube had
this to say  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zimbabwe To Host Two-day Innovation Africa Summit This Week

Zimbabwe will this Wednesday host a two-day Innovation Africa Summit. The
summit is expected to attract over 500 participants from African countries
and the ICT world. The Minister of Primary and Secondary Education Paul
Mavima had this to say. We are glad the summit is being held here in
Zimbabwe and is taking place within the context of the Second Republic,
under which the government and the nation are working towards restoration of
our country to its legitimate glory.  <http://www.bulls.co.zw/> Read more >

Parly urged to oversee govt spending

PARLIAMENT has to keep strict checks and balances on government expenditure
to control the budget deficit, economists have advised. Last week, Finance
minister Mthuli Ncube presented his maiden 2019 National.
<http://www.bulls.co.zw/2018/11/27/parly-urged-to-oversee-govt-spending/>
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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