Bulls n Bears Investors Notebook Issue 147:29 November 2018

Thu Nov 29 10:03:50 CAT 2018

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Bulls n Bears Investors Notebook Issue 147:29 November 2018

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

Bulls 'n Bears Investors Diary: Today's Events

Econet

AGM

Econet Park, Msasa

29/11/2018  (9am )

Econet

EGM

Econet Park, Msasa

29/11/2018  (10am )

Quotable Quote:

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

Govt to scale back on command agric funding

FINANCE minister Mthuli Ncube says government will scale back its
participation in the specialised farmer support programme command
agriculture and rope in the private sector to provide financing as Treasury
seeks to cut back spending on costly subsidies. Under the programme,
government has been providing seed, fuel, irrigation and mechanised
equipment to mainly smallholder farmers, who, in turn, are supposed to repay
government by delivering five tonnes of their produce to the Grain Marketing
Board.  <http://www.bulls.co.zw/> Read more >

Indian firm to set up shop in Bulawayo

A LEADING Indian plastic products manufacturing company, Kanku
International, plans to set up shop in Bulawayo, Zimbabwe's second largest
city, responding positively to President Mnangagwa's call for foreign
investment. In an interview on Tuesday, Mr Mukesh Kothari, the managing
director of Kanku International, said he has decided to open the company,
which manufactures water containers for industrial and household uses, in
Bulawayo because the city has been designated as a Special Economic Zone for
the manufacturing sector.  <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

Zim missing out on mineral benefits

SHORTLY before Finance minister Mthuli Ncube delivered his maiden National
Budget statement in Parliament, Bulawayo city was showered with rains. The
Botswana pula, a strong and stable currency which literally means rain,
immediately came to mind. Was this a good omen for Zimbabwe, a mineral-rich
country like Botswana, but with sharply contrasting economic trends? All
because Botswana has not been squandering the depleting opportunity to
development from exploitation of non-renewable mineral resources, diamonds
mainly. Yet Zimbabwe, replete with diverse minerals, diamonds, platinum,
chrome, gold, coal and lithium among others, is under a resource curse.
Mineral wealth is not translating to improved living standards for most of
its citizens.  <http://www.bulls.co.zw/> Read more > 

Zimbabwe is 'open for business' - Raizcorp leads the call

As the Zimbabwean economy enters a new period of revival and renewal,
President Emmerson Mnangagwa has gone on record to say that, if the country
is to succeed in the global economy, empowering local entrepreneurs is
critical1. Small businesses across the world play a vital role in sustaining
national economies and, within this context, pioneering South African
business incubator, Raizcorp, has formed a partnership with Dr Shingi
Munyeza to start operations in Zimbabwe.  <http://www.bulls.co.zw/> Read
more >

Govt backs Air Zimbabwe reconstruction plan

The government has backed a reconstruction plan for the national airline,
Air Zimbabwe, after a creditors meeting on Thursday ruled out possibilities
of liquidating the parastatal. For an airline that is saddled with a $380
million debt, old equipment, failure to generate profit and subdued
passenger and cargo volumes, all has not been well for the national airline.
The government instituted a reconstruction plan in September and Principal
Director for Rail and Air in the Ministry of Transport and Infrastructural
Development Mr Allowance Sango says restoration of confidence is the key
target.  <http://www.bulls.co.zw/> Read more >

Govt to scale back on command agric funding

FINANCE minister Mthuli Ncube says government will scale back its
participation in the specialised farmer support programme command
agriculture and rope in the private sector to provide financing as Treasury
seeks to cut back spending on costly subsidies. Under the programme,
government has been providing seed, fuel, irrigation and mechanised
equipment to mainly smallholder farmers, who, in turn, are supposed to repay
government by delivering five tonnes of their produce to the Grain Marketing
Board.  <http://www.bulls.co.zw/> Read more > 

PPC awards empower creatives   

WITH a day left before entries for the first phase of the 2019 PPC
Imaginarium Awards close, event organisers have called on creatives to
quickly register. The competition that was launched in Zimbabwe last year by
renowned cement company, PPC Ltd, gives emerging creatives (artists,
designers and architecture students) the chance to showcase their talent and
creative thinking across the competition's six categories: Film, Fashion,
Jewellery, Sculpture, Architecture and Industrial Design. Run in Zimbabwe
and South Africa (where it is now in its fifth year), PPC said the
competition has seen many entrants and finalists go on to become recognised
in the art and business community.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

'Country not ready to liberalise bond note exchange rate'   

THE Reserve Bank of Zimbabwe (RBZ) has said the country is not ready to
liberalise the bond note exchange rate or introduce a new currency as this
will raise inflation and worsen the economic situation. Speaking during a
business leaders' seminar organised by the Seventh-Day Adventist Church in
Bulawayo on Sunday, RBZ senior director Dr William Kavila defended the 1:1
US$/RTGS or bond note official exchange rate and warned that calls to un-peg
the exchange rate at the present moment would take Zimbabwe back to the 2008
scenario when the country experienced hyper-inflation, which culminated in
the collapse of the Zimbabwe dollar.  <http://www.bulls.co.zw/> Read more >

Millers bemoan lack of credit lines for wheat, rice imports

THE milling industry has raised concern over the omission by Finance
minister Mthuli Ncube of long-term credit facilities for importation of
wheat, rice and salt, which they say are key in averting food shortages in
the country, in the 2019 National Budget. Grain Millers' Association of
Zimbabwe chairperson Tafadzwa Musarara yesterday told members of the
Parliamentary Portfolio Committee on Industry that nostro support to the
milling industry was imperative as the country is still importing flour.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Revival of Zisco to breathe new life to key firms

A lot of ground has been covered under the Government's programme to reform
its 43 public enterprises. Briefing journalists after Tuesday's Cabinet
meeting, Information, Publicity and Broadcasting Services Acting Minister
Mangaliso Ndlovu said there was no going back on the reforms. He said
Cabinet considered a progress report by the Minister of Finance and Economic
Development Professor Mthuli Ncube focusing on the reforms of the 43 public
enterprises earmarked for restructuring, partial privatisation,
departmentalisation and performance review.  <http://www.bulls.co.zw/> Read
more >

'Civil servants start receiving bonuses'

FINANCE minister Mthuli Ncube says government has started paying bonuses for
civil servants after recording a primary budget surplus of $29 million in
October, a first in decades for the southern African nation, which has been
battling the effects of unsustainable levels of excessive debt and a
widening current account deficit. Addressing journalists on Thursday, a week
after he presented his maiden budget statement, Ncube said the Treasury was
able to absorb the costs of paying out bonuses as the country's finances
were beginning to shape up.  <http://www.bulls.co.zw/> Read more >

>From land-locked to land-linked economy

This week I share my thoughts on changing Zimbabwe from being a land-locked
country into a land-linked economy. This subject, among other things,
addresses country and regional infrastructural assets and investments,
principally in the transport and communications sub-sector. Before I get
into my subject for the week, an aside is appropriate to illustrate and
reinforce my discussion last week on country risks. The aside also provides
some entry into this week's subject.  <http://www.bulls.co.zw/> Read more >

Zim attains $29m budget surplus   

Zimbabwe achieved a budget surplus of $29 million last month, the first time
in many years, Finance and Economic Development Minister Mthuli Ncube has
said. Addressing journalists in the capital yesterday morning, Minister
Ncube said the achievement is the first indication that the country is on
track to meet a narrower budget deficit of 5 percent of gross domestic
product (GDP) in 2019 from an estimated 11,7 percent this year. "We have
balanced the budget deficit in the month of September and in the month of
October. In fact in the month of October we have a primary surplus of $29
million..  <http://www.bulls.co.zw/> Read more >

'Fiscal transparency, accountability key for Vision 2030'   

Government is working on improving fiscal transparency and accountability
which it has identified as key pillars for economic growth and realisation
of Vision 2030, a senior Government official has said. President Mnangagwa's
Government is working to see the country attaining an upper middle income
economy status by 2030. Speaking at a policy dialogue on fiscal transparency
and accountability organised by the Zimbabwe Economic Policy Analysis and
Research Unit (Zeparu) yesterday, Principal Director in the Ministry of
Finance and Economic Development Mr Pfungwa Kunaka, said Government welcomes
help from stakeholders that helps in building transparency and
accountability.  <http://www.bulls.co.zw/> Read more >

Prospect seeks SEZ status for lithium project

PROSPECT Lithium Zimbabwe (PLZ), a unit of Australia Stock Exchange-listed
Prospect Resources Plc, has applied for special economic zone status (SEZ)
for its multi-million dollar Arcadia Lithium project near Harare that was
commissioned by President Mnangagwa yesterday. President Mnangagwa told
delegates at the official ground-breaking ceremony that lithium was one
sub-sector targeted to leapfrog Zimbabwe's industrial and economic
development to middle income status by 2030.  <http://www.bulls.co.zw/> Read
more >

Incentives excite tour operators   

THE restoration of fiscal incentives for the tourism industry in the 2019
national budget has excited tour operators who say the move will stimulate
the growth of their business. In his budget speech last week Finance and
Economic Development Minister Professor Mthuli Ncube emphasised the need to
among others, improve business confidence by removing various policy and
price distortions.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

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.

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Bulls n Bears 

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