Bulls n Bears Investors Notebook Issue 185:10 October 2018

Wed Oct 10 13:11:12 CAT 2018

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Bulls n Bears Investors Notebook Issue 185:10 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

Price madness: Govt intervenes

GOVERNMENT has directed that prices of basic commodities increased without
justification be reduced immediately, as it moves to restore sanity on the
market. Retailers are hiking prices of basic commodities.
<http://www.bulls.co.zw/2018/10/10/price-madness-govt-intervenes/> Read more
>

Local firm spreads tentacles

CUMII Technologies, an Econet Group internet of things (IoT) company that
provides on-demand services, has expanded its continental footprint after
launching its Business-to-Business Tasknites programme in Ethiopia recently.
The organisation,.
<http://www.bulls.co.zw/2018/10/10/local-firm-spreads-tentacles/> Read more
>

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

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

IPEC to regulate medical aid schemes

Medical aid schemes and legal aid societies will in future be regulated by
Insurance and Pensions Commission to ensure the public is covered for
medical treatment and hospitalisation promised, Finance.
<http://www.bulls.co.zw/2018/10/10/ipec-to-regulate-medical-aid-schemes/>
Read more >

Hwange suspends top bosses

THE Hwange Colliery Company Limited (HCCL) board has suspended the acting
managing director Engineer Shepherd Manamike on allegations of "unethical
business practices". Mr Manamike has been suspended together with the.
<http://www.bulls.co.zw/2018/10/10/hwange-suspends-top-bosses/> Read more >

Trade deficit now $1,6bn

ZIMBABWE'S trade deficit rose 28% to $1,6 billion over the period February
to August 2018 from $1,25 billion recorded during the same period last year,
further depleting the country's precarious.
<http://www.bulls.co.zw/2018/10/10/trade-deficit-now-16bn/> Read more >

RBZ defaulting on forex obligations: RioZim

RIOZIM says its operations are under threat from a critical shortage of
foreign currency to sustain and grow its business and has blamed these
challenges on failure by the Reserve.
<http://www.bulls.co.zw/2018/10/10/rbz-defaulting-on-forex-obligations-riozi
m/> Read more >

IMF raises Zim growth forecast

The International Monetary Fund yesterday raised its 2018 Zimbabwe economic
growth forecast to 3,6 percent from 2,4 percent it projected in April this
year. This comes after the Government also.
<http://www.bulls.co.zw/2018/10/10/imf-raises-zim-growth-forecast/> Read
more >

 <mailto:info at bulls.co.zw> 

NetOne board dissolved

Government has dissolved the NetOne board. The decision came hardly two
months after the suspension of chief executive officer Lazarus Muchenje, who
also accused the board of breaching corporate governance.
<http://www.bulls.co.zw/2018/10/10/netone-board-dissolved/> Read more >

Government urged to prioritise local contractors

The construction sector has urged government to engage local contractors in
its major construction projects to avoid the drainage of foreign currency
through foreign tenders, according to Zimbabwe Building Contractors.
<http://www.bulls.co.zw/2018/10/10/government-urged-to-prioritise-local-cont
ractors/> Read more >

 <mailto:info at bulls.co.zw> 

Drugs, health care now priced in US dollar

THE Association of Healthcare Funders of Zimbabwe (AHFoZ) says medical aid
societies and pharmacies have started demanding payment in United States
dollars, compromising health, quality of life and labour productivity..
<http://www.bulls.co.zw/2018/10/10/drugs-health-care-now-priced-in-us-dollar
/> Read more >

Govt, business consult on Africawide FTA

GOVERNMENT has opened consultations with industry on rules of origin (RoO)
for the ambitious African Continental Free Trade Area (AfCFTA) aimed at
promoting duty-free flow of goods and services originating.
<http://www.bulls.co.zw/2018/10/10/govt-business-consult-on-africawide-fta/>
Read more >

Govt to privatise 11 parastatals   

AT least 11 State-owned enterprises will be privatised under the
Government's public enterprises reform framework for 2018-2020 while some
will be liquidated, merged or departmentalised. The measures are contained
in the new Government blue-print, the Transitional Stabilisation Programme
(TSP) that was presented by Finance and Economic Development Minister,
Professor Mthuli Ncube, on Friday. The Minister said reforming the
State-owned enterprise sector was part of the short to medium term reform
framework whose implementation is already underway. "Government will
expedite the implementation of the Cabinet decision on restructuring,
partial or full privatisation of entities. The reform measures for immediate
implementation over the period 2018-2020 target the privatisation of 11
State-owned enterprises, six IDC subsidiaries, and 17 ZMDC subsidiaries,"
said Prof Ncube.  <http://www.bulls.co.zw/> Read more >

Urgently allocate us forex to buy pharmaceutical supplies: AHFoZ   

The Association of Healthcare Funders of Zimbabwe (AHFoZ) has called upon
the Reserve Bank of Zimbabwe (RBZ) to urgently allocate it foreign currency
for the purchase of pharmaceutical supplies and consumables. In a Press
statement released yesterday, AHFoZ said patients had reported that a number
of pharmacies were charging for medication in US dollars. "There is lack of
mention of pharmaceuticals as among the strategic requirements for
facilities amounting to $500 million which have been put in place by the
Reserve Bank of Zimbabwe," said AHFoZ.  <http://www.bulls.co.zw/> Read more
>

No going back on 2 cents tax - ED   

President Mnangagwa yesterday said the Intermediary Money Transfer Tax of 2
cents will remain in force as it is critical in transforming the economy,
which has suffered from two decades of stagnation.The President said the tax
was not designed to hurt ordinary people and companies, but to help the
manufacturing sector get funds for retooling and modernisation as the
economy gears to ramp up production. However, there is room for the tax to
be refined going forward if suggestions are proffered, to create a win-win
situation for individuals and companies on one hand, and the economy on the
other. President Mnangagwa said this while fielding questions from delegates
during the Professional Women, Women Executives and Business Women's Forum
(Proweb) breakfast meeting in Harare yesterday.  <http://www.bulls.co.zw/>
Read more >

Bread, transport fares up

The price of bread has gone up while transport fares have also moved
northwards, a clearest sign of increased economic turmoil coming on the back
of recent monetary and fiscal policy measures. It now costs $1,50 to buy a
standard loaf of bread, 50% more expensive and way above Zimbabwe's annual
inflation rate. Short-distance travel, rated at 50 cents since the economy
dollarised in 2009, now costs 75 cents. Long distance travel now costs
$1,50, up from $1 since 2009. The fares increased this past weekend as
commuter omnibus operators face higher fuel and motor spare parts costs from
the new tax imposed last week.  <http://www.bulls.co.zw/> Read more >

Govt to stimulate FDI with global tenders

FINANCE minister Mthuli Ncube says government will accelerate the reform of
State-owned Enterprises (SoEs) and parastatals, starting with quick hits
such as TelOne, NetOne and the People's Own Savings Bank (POSB), which will
be shed-off "in the next six months". SoEs and parastatal reform is a key
action to be taken under one of the five pillars of Ncube's Transitional
Stabilisation Programme (TSP) launched last Friday, covering the period
October 2018 to December 2020.To court the best suitors and stimulate
foreign direct investment (FDI), government has resolved to publish
international tenders in the world's biggest economies and other strategic
jurisdictions. <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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