Bulls n Bears Investors Notebook Issue 189:16 October 2018

Tue Oct 16 13:42:48 CAT 2018

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Bulls n Bears Investors Notebook Issue 189:16 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

One-stop investment beckons for Zimbabwe   

ZIMBABWE'S drive to become an investment "destination of choice" is
gathering momentum, with Industry and Commerce Minister Nqobizitha Mangaliso
Ndlovu saying a one-stop investment centre (OSIC) will soon be set up to
speedily process investor enquiries. The OSIC would operate under the
auspices of the Zimbabwe Investment Development Agency. In a recent
interview, Minister Ndlovu said: ". . . . . I also introduced the principles
of the Zimbabwe Investment Development Agency. This an agency which is meant
to be our one-stop investment centre."  <http://www.bulls.co.zw/> Read more
>

HCCL scheme of arrangement arrears clock $7,6 million   

CONTINUED operational challenges have seen Hwange Colliery Company Limited
(HCCL) fail to pay its creditors on time as agreed under the scheme of
arrangement that was entered into last year. Scheme chairperson, Mr Andrew
Lawson, admitted in a statement that the troubled colliery had fallen behind
by two months in the payment of $4,6 million due to employee creditors under
the company's creditor's scheme of arrangement. He said the company has also
faltered on the payment of interest valued at $3 million on Class A
debentures that should have commenced on the anniversary of sanctioning of
the scheme by the High Court on 10 May 2017.  <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

Companies Act to be overhauled

PARLIAMENT has gazetted the Companies and Other Business Entities Bill,
2018, which will, among other issues, update the archaic 67-year-old
Companies Act which was legislated way back in 1951. The Bill, if passed,
will improve corporate governance practices in the private sector, and
regulate how directors interact with the companies they superintend. Clerk
of Parliament, Kennedy Chokuda last week invited input on the Bill from the
public and the business community, as stipulated by section 141 of the
Constitution, which requires that Parliament must facilitate public
involvement in its legislative and other processes. The new features include
the introduction of an electronic registry for the incorporation and
registration of domestic and foreign companies and private business
corporations. <http://www.bulls.co.zw/> Read more >

Exhibitors at Mine Entra clinch 'lucrative' deals

THE majority of exhibitors who took part at the mining, engineering and
transport exhibition (Mine Entra) managed to seal "lucrative" deals, the
Zimbabwe International Trade Fair (ZITF) Company has revealed. Running under
the theme Mineral Beneficiation: Catalyst for Economic Growth, the fair
attracted a total of 251 exhibitors, an increase of 64% compared to last
year's closing total of 153. "The majority of exhibitors whom we have
engaged with have indicated that they are pleased with the quality of
attendees as they were able to discuss and seal lucrative deals. While the
remainder had made good leads that were likely to yield positive results in
the short to medium term," ZITF Company marketing and public relations
manager Stella Nkomo, said. <http://www.bulls.co.zw/> Read more >

Inflation hits post-dollarisation high

THE year-on-year inflation rate stood at 5,39 % in September, the highest
since dollarisation, latest data from the Zimbabwe National Statistical
Agency (ZimStat) shows. This is the highest figure since the country
abandoned its own currency and adopted a multicurrency basket anchored on
the United States dollar in 2009. The highest inflation figure was the 5,3%
recorded in May, 2010. Month-on-month inflation rate rose to 0,92% after
gaining 0,53 percentage points on the August rate of 0,39 %. After three
years of deflation since February 2014, Zimbabwe experienced a resurgence in
inflation. Zimbabwe Chamber of National Commerce chief executive Christopher
Mugaga questioned the ZimStat figures. <http://www.bulls.co.zw/> Read more >

Steelforce to improve operational capacity

STEEL engineering company, Steelforce Holdings, is working on improving its
operational capacity on the back of the envisaged rebound of the
construction industry and massive economic transformation, an official
said..
<http://www.bulls.co.zw/2018/10/16/steelforce-to-improve-operational-capacit
y/> Read more >

Oil expressers in bid to boost soya bean output

THE Oil Expressers Association of Zimbabwe (OEAZ) has embarked on a
programme to train and equip farmers with modern skills and knowledge to
increase soya bean production in the country..
<http://www.bulls.co.zw/2018/10/16/oil-expressers-in-bid-to-boost-soya-bean-
output/> Read more >

 <mailto:info at bulls.co.zw> 

Drive to make mining rights bankable

GOVERNMENT plans to craft new legislation that will enable mining rights to
be bankable so as to attract more investors and raise working capital for
the sector, Mines and Mining.
<http://www.bulls.co.zw/2018/10/16/drive-to-make-mining-rights-bankable/>
Read more >

Govt to ban use of jerry cans

GOVERNMENT will withdraw licences for fuel service stations found promoting
acts of hoarding and overcharging of petroleum products thereby creating
artificial shortages, a Cabinet Minister has said. Energy and Power.
<http://www.bulls.co.zw/2018/10/16/govt-to-ban-use-of-jerry-cans/> Read more
>

 <mailto:info at bulls.co.zw> 

Parly seeks miners' input on new Bill

THE Parliamentary Portfolio Committee on Mines and Mining Development has
called on small-scale miners to give input into the Mines and Minerals
Amendment Bill, which is set to be re-tabled.
<http://www.bulls.co.zw/2018/10/16/parly-seeks-miners-input-on-new-bill/>
Read more >

South Africa Ready To Assist Zimbabwe- Minister Sisulu

South Africa's International Relations and Co-operation Minister Lindiwe
Sisulu said her country is ready to support Zimbabwe with anything. She said
South Africa wants Zimbabwe to have economic stability. Said.
<http://www.bulls.co.zw/2018/10/16/south-africa-ready-to-assist-zimbabwe-min
ister-sisulu/> Read more >

Sugar price rip-off.We've sugar stocks for three years - producers

ZIMBABWE has enough stocks of sugar that can last for the next three years
and consumers have no reason to panic or be forced to buy expensive produce
from anyone,.
<http://www.bulls.co.zw/2018/10/16/sugar-price-rip-offweve-sugar-stocks-for-
three-years-producers/> Read more >

Harare City Council Losing $2 Million Due To Kombis, Vendors

According to Harare City Council's parking unit, City Parking's half-year
review report to July 2018, the taxis and kombis are occupying 784 parking
bays, depriving the firm of $94 080.
<http://www.bulls.co.zw/2018/10/16/harare-city-council-losing-2-million-due-
to-kombis-vendors/> Read more >

RBZ Confirms "Influential People" Are Running Black Markets, Blames The
Central Intelligence Organisation, Police And Banks For This

After years of what we thought were unfounded conspiracy theories, today the
Reserve Bank of Zimbabwe Governor, Dr. Mangudya has confirmed your worst
nightmare. Dr. Mangudya has confirmed that a.
<http://www.bulls.co.zw/2018/10/16/rbz-confirms-influential-people-are-runni
ng-black-markets-blames-the-central-intelligence-organisation-police-and-ban
ks-for-this/> Read more >

Zim seeks debt write-off under HIPC

FINANCE minister Mthuli Ncube is actively seeking to have the Zimbabwe
foreign debt forgiven under the Highly Indebted Poor Countries (HIPC)
programme by the International Monetary Fund (IMF), a move.
<http://www.bulls.co.zw/2018/10/16/zim-seeks-debt-write-off-under-hipc/>
Read more >

Vast Resources to develop SPV for Marange diamond fields   

Diversified mining group, Vast Resources, has said Botswana Diamonds has
signed on to develop the Heritage concession in the Marange diamond fields,
which will see the development of a special purpose vehicle (SPV). Earlier
in May the two parties signed a Memorandum of Understanding (MoU) on the
proposed project, which will eventually be a 50 /50 joint venture (JV)
project. According to Vast Resources, a separate agreement will be concluded
with Botswana Diamonds in due course for the joint development of diamond
properties outside the Marange diamond fields. The SPV by Botswana Diamonds
and Vast Resources is for the purpose of developing diamond resources within
the Marange fields.  <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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