Bulls n Bears Investors Notebook Issue 148:30 November 2018

Fri Nov 30 09:19:20 CAT 2018

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Bulls n Bears Investors Notebook Issue 148:30 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

Axia goes to bed with Restapedic

AXIA Corporation has acquired a significant stake in one of the suppliers of
its subsidiaries, Restapedic Bedding, the chief executive John Koumides has
said. Koumides said at a time a.
<http://www.bulls.co.zw/2018/11/30/axia-goes-to-bed-with-restapedic/> Read
more >

Clearing agent sues Zimra

A LOCAL clearing company, Morris and Charts Enterprises (Pvt) Ltd, has taken
the Zimbabwe Revenue Authority (Zimra) to court after the tax agency
allegedly suspended the firm's account on allegations.
<http://www.bulls.co.zw/2018/11/30/clearing-agent-sues-zimra/> Read more >

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

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

Beitbridge Highway: Govt dumps Chinese contractor

GOVERNMENT has abandoned talks with Chinese contractor Anhui Foreign
Economic Construction Group Limited (AFECC) for the dualisation of the
Beitbridge-Harare-Chirundu Highway, opting for local financing. AFECC - the
second highest.
<http://www.bulls.co.zw/2018/11/30/beitbridge-highway-govt-dumps-chinese-con
tractor/> Read more > 

New cruise boat for Vic Falls

SHEARWATER Adventures has acquired a 100-seater up-market cruise boat to
cater for executive tourist clientele. The two-deck boat was manufactured by
a Bulawayo company at a cost of about $500.
<http://www.bulls.co.zw/2018/11/30/new-cruise-boat-for-vic-falls/> Read more
>

Govt to screen second-hand vehicles

GOVERNMENT is working on a policy to screen all second-hand vehicles to make
sure they meet minimum standards before they can be imported into the
country, a Cabinet minister said.
<http://www.bulls.co.zw/2018/11/30/govt-to-screen-second-hand-vehicles/>
Read more >

LPG shortages due to forex: ZERA

The Zimbabwe Energy Regulatory Authority (ZERA) says the obtaining foreign
currency challenges are to blame for the shortages in liquefied petroleum
gas (LPG) at a time its consumption is on.
<http://www.bulls.co.zw/2018/11/30/lpg-shortages-due-to-forex-zera/> Read
more > 

EcoCash Unveils Foreign Currency Account Wallet That Allows One To Cash Out
Forex

EcoCash has unveiled an EcoCash foreign currency account (FCA) wallet. The
new EcoCash FCA wallet allows one to cash out, the US dollars or pounds sent
from abroad, as foreign.
<http://www.bulls.co.zw/2018/11/30/ecocash-unveils-foreign-currency-account-
wallet-that-allows-one-to-cash-out-forex/> Read more >

 <mailto:info at bulls.co.zw> 

City revenue drops despite 50pc discount

Harare City Council's revenue has plummeted from $22 million in October to
$12,5 million this month, despite introducing a promotion where it offered
residents a 50 percent discount on every.
<http://www.bulls.co.zw/2018/11/30/city-revenue-drops-despite-50pc-discount/
> Read more >

New Duty Regime Sharply Reduces Vehicle Imports

There has been a sharp fall in the number of vehicles that are being handled
at both Betbridge border post and Malindi Transit Shed. This is an
indication that the.
<http://www.bulls.co.zw/2018/11/30/new-duty-regime-sharply-reduces-vehicle-i
mports/> Read more >

 <mailto:info at bulls.co.zw> 

Ghanaian billionaire arrives in Zimbabwe

In the past year, Zimbabwe has attracted a new clique of international
entrepreneurs, colloquially referred to on social media platforms as
briefcase businessman. Zimbabwe's twitter is awash with pessimistic
commentaries.
<http://www.bulls.co.zw/2018/11/30/ghanaian-billionaire-arrives-in-zimbabwe/
> Read more >

Call to boost agric share of GDP

Zimbabwe should strive to increase agriculture's contribution to the Gross
Domestic Product (GDP) to between 16 and 20 percent as the sector is vital
to the country's economic recovery, a.
<http://www.bulls.co.zw/2018/11/30/call-to-boost-agric-share-of-gdp/> 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.

Invest Wisely!

Bulls n Bears 

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