Bulls n Bears Investors Notebook Issue 182:05 October 2018

Fri Oct 5 15:55:32 CAT 2018

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Bulls n Bears Investors Notebook Issue 182:05 October 2018

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Seed Co lists on Botswana bourse, ZSE

Zimbabwe's largest seed maker Seed Co Limited's partial unbundling comes to
fruition today with the primary listing of spin-off Seed Co International on
the Botswana Stock Exchange (BSE). Seed Co.
<http://www.bulls.co.zw/category/companies/finance/> Read more >

Billions earmarked for Zimbabwe oil project

Australian petroleum company, Invictus Energy Limited, which recently
confirmed the potential of oil in Muzarabani, Cabora Bassa Basin, in
Mashonaland Central, says it is still in the early stages of.
<http://www.bulls.co.zw/2018/10/05/billions-earmarked-for-zimbabwe-oil-proje
ct/> Read more >

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

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

Finance minister meets SMEs

FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday
continued with his "consulting and listening roadshows" and met 50 leaders
of small and medium enterprises (SMEs) from across the country..
<http://www.bulls.co.zw/2018/10/05/finance-minister-meets-smes/> Read more >

Russian businessman seeks court intervention

A Russian investor has approached the High Court seeking to force his
business partners to reimburse him more than $2,7 million invested into a
Gweru-based gold and antimony mining firm,.
<http://www.bulls.co.zw/2018/10/05/russian-businessman-seeks-court-intervent
ion/> Read more >

Zimbabwe runs out of critical drugs

Zimbabwe has run out of critical medical drugs, among them painkillers, TB,
cancer and Hypertension tablets-raising fears of a gigantic crisis similar
to the one experienced in 2008- when public.
<http://www.bulls.co.zw/2018/10/05/zimbabwe-runs-out-of-critical-drugs/>
Read more >

Monetary measures could stabilise currency, but drive inflation

THE monetary policy measures announced earlier this week could help
strengthen currency and bring down parallel market rates as officially
hoped. But they could also further undermine price stability and.
<http://www.bulls.co.zw/2018/10/05/monetary-measures-could-stabilise-currenc
y-but-drive-inflation/> Read more >

Hippo Valley assures of sweet times ahead

Sugar milling company Hippo Valley achieved an operating profit of $17
million for the year ended March 31, 2018, up from $13,4 million in the
prior year. This was buoyed.
<http://www.bulls.co.zw/2018/10/05/hippo-valley-assures-of-sweet-times-ahead
/> Read more >

 <mailto:info at bulls.co.zw> 

Raw exports worrying: President

PRESIDENT Emmerson Mnangagwa has expressed dismay at the lack of
value-addition on exports coming out of Zimbabwe, saying it was eroding
margins of the highly-needed foreign currency receipts. Delivering his.
<http://www.bulls.co.zw/2018/10/05/raw-exports-worrying-president/> Read
more >

Simbisa brings Haefelis to Harare

Zimbabwe Stock Exchange-listed (ZSE) fast foods operator Simbisa Brands has
launched Haefelis brand at the Chisipite Food Court in Harare, alongside
other flagship brands, such as Pizza Inn, Creamy Inn.
<http://www.bulls.co.zw/2018/10/05/simbisa-brings-haefelis-to-harare/> Read
more >

 <mailto:info at bulls.co.zw> 

'Zimra can raise over $8bn on increased tax compliance'

THE Zimbabwe Revenue Authority (Zimra) has potential to raise over $8
billion if it could achieve 100% tax compliance, over double the current
rate, the Zimbabwe Coalition on Debt and.
<http://www.bulls.co.zw/2018/10/05/zimra-can-raise-over-8bn-on-increased-tax
-compliance/> Read more >

CABS sues National Blankets over $852k loan

LOCAL financial institution, Central Africa Building Society (CABS) has sued
struggling National Blankets Limited over a five-year-old bank loan
amounting to $852 496. National Blankets has been under judicial management
since 2012 due to viability concerns. It received a $500 000 loan facility
from the CABS under the Distressed and Marginalised Areas Fund (Dimaf), in
2013 but the money failed to change its fortunes. The company, among the
second city's most iconic and oldest, and appeared to be on its way out of
the woods when in 2014, creditors agreed that all debt be converted to
equity at the rate of 50 cents per ordinary share. The creditors, however,
were not keen on putting new money into the company.
<http://www.bulls.co.zw/2018/09/26/retirement-planning-ensures-old-age-is-en
joyed/> Read more >

3 Zim business executives nominated for top Africa award

THREE Zimbabwean business executives and entrepreneurs have been nominated
for the All Africa Business Leaders Awards (AABLA), established to honour
business excellence among business leaders from around the continent. The
nominees are Collen Tapfumaneyi, the chief executive officer of Escrow
Group; Divine Ndhlukula, the founder and managing director of Securico
Security Services and Natalie Jabangwe, the CEO of EcoCash.
<http://www.bulls.co.zw/> Read more >

Policy arrears weigh pension industry

ZIMBABWE'S pension industry is plagued by persistent and growing
contribution arrears, a sign that companies and individuals are struggling
to maintain life and income cover, weighed down by a harsh economic
environment. Contribution arrears grew to $ 636,36 million as at 30 June,
2018 from $618,88 million as at March 31 2018, about 14,51% of the
industry's asset base, posing serious liquidity risk according to the
Insurance and Pension Commission (Ipec) half-year report on the period to
June 30, 2018. <http://www.bulls.co.zw/> Read more >

Getbucks profit jumps 25% in H1

GetBucks, a deposit-taking microfinance institution listed on the Zimbabwe
Exchange, has reported a 25% growth in profit after tax in the first six
months of the year, buoyed by a reduction in operating expenses and better
repayment collection efforts. During the financial year ended June 2018,
Getbucks posted a post-tax profit of $4,5 million, up from $3,6million in
the same period in 2017. The microfinance institution restructured its
product offering to ensure better access to credit for our customers, which
resulted in more affordable products but led to a decrease in overall
revenue. <http://www.bulls.co.zw/> Read more >

ZimTrade conference focuses on linkages, export growth

ZimTrade, the country's trade development and promotion organization, today
hosts its annual exporters' conference and awards dinner in Harare, which
focuses on building linkages and partnerships to grow exports. The
State-owned institution has hosted the exporters' conference and awards
since 2012 as a platform to link exporters, trade experts, senior
businesspeople, and policy makers. <http://www.bulls.co.zw/> Read more >

Govt okays POSB equity offering

THE People's Own Savings Bank (POSB) will now be going public or be
partially privatised through a private placement after government, the sole
shareholder, approved a plan to carry out either of the transactions in a
government gazette. The savings bank has received the green light to engage
a consultant to provide consultancy services for the transaction intended to
raise new capital. In the half-year period to June 30, 2018, chairperson
Mathilda Dzumbunu disclosed that POSB was looking to raise $100 million by
2020.  <http://www.bulls.co.zw/> Read more > 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

NicozDiamond

Ariston

Barclays

Dawn

Unifreight

Hwange

RTG

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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