Bulls n Bears Investors Notebook Issue 191:18 October 2018

Thu Oct 18 12:09:24 CAT 2018

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Bulls n Bears Investors Notebook Issue 191:18 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

ZSE drops $4 billion in a day

The Zimbabwe Stock Exchange on Monday lost $4 billion in value after
parallel market rates for bond notes and real time gross settlement (RTGS)
rates against major currencies deteriorated. The.
<http://www.bulls.co.zw/2018/10/18/zse-drops-4-billion-in-a-day/> Read more
>

'Fuel situation steadily improving in Zimbabwe'

Energy and Power Development minister Joram Gumbo yesterday said the fuel
situation in the country was "steadily improving", although the start of the
agriculture season presented a challenge as demand.
<http://www.bulls.co.zw/2018/10/18/fuel-situation-steadily-improving-in-zimb
abwe/> Read more >

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

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

Victoria Falls residents block labour imports from Harare

THERE was chaos in Victoria Falls on Monday night when residents opposed the
employment of 29 people who had been bused by a construction company from
Harare. Masimba Construction Company.
<http://www.bulls.co.zw/2018/10/18/victoria-falls-residents-block-labour-imp
orts-from-harare/> Read more >

Manangagwa woos SA investors

The Zimbabwean government on Tuesday embarked on a charm offensive to woo
investors in South Africa during the country's "Zimbabwe is open for
business" summit held in Johannesburg. Hosted by.
<http://www.bulls.co.zw/2018/10/18/manangagwa-woos-sa-investors/> Read more
>

Bank card cloning fraud cases on the rise in Zimbabwe

THE Zimbabwe Information and Communication Technologies (ZICT) says 154
cases of bank card cloning have been reported in the country so far as more
people use electronic payment systems in.
<http://www.bulls.co.zw/2018/10/18/bank-card-cloning-fraud-cases-on-the-rise
-in-zimbabwe/> Read more >

ZADT disburses $87,5m to support farmers

THE Zimbabwe Agricultural Development Trust (ZADT) has so far disbursed a
total of $87,5 million to agri-businesses through micro-finance institutions
(MFIs) and banks, officials say. The fund, which started in.
<http://www.bulls.co.zw/2018/10/18/zadt-disburses-875m-to-support-farmers/>
Read more >

Zim power generation project bears fruit

Zimbabwe's deliberate focus on investing in electricity generation since
2009 is beginning to bear fruit amid indications that all of last week, the
country relied solely on locally generated electricity..
<http://www.bulls.co.zw/2018/10/18/zim-power-generation-project-bears-fruit/
> Read more >

 <mailto:info at bulls.co.zw> 

NetOne posts $10m revenue in September

NetOne, one of the State-owned enterprises lined up for privatisation, has
posted $10 million revenue in September driven by a 3 percent jump in its
subscriber base last month. The.
<http://www.bulls.co.zw/2018/10/18/netone-posts-10m-revenue-in-september/>
Read more >

Online Forex Trading Is Growing In Zimbabwe, We Interviewed One Of The
Traders

We have been getting a lot of chatter regarding online forex trading
locally. Some of it has been a little disturbing because it has been driven
by people who are.
<http://www.bulls.co.zw/2018/10/18/online-forex-trading-is-growing-in-zimbab
we-we-interviewed-one-of-the-traders/> Read more >

 <mailto:info at bulls.co.zw> 

The EIA and small scale artisanal miners   

Zimbabwe is endowed with vast mineral resources, especially along the Great
Dyke. As such, the mining industry has expanded over the years and is a
significant contributor towards the nation's Gross Domestic Product. The
mining industry is characterised by large, medium and small scale miners.
The Agency uses various tools to achieve sustainable mining, including the
Environmental Impact Assessment. Sustainable mining is usually an issue with
the small scale and artisanal miners. However, the Government has recognised
that the artisanal and small scale mining sector is contributing
significantly to economic growth hence the need to make legal provisions
which ensures that they do their operations in a sustainable manner.
<http://www.bulls.co.zw/> Read more >

Pick n Pay sees smaller stores as key to unlocking Africa growth

Pick n Pay sees the potential for expansion in sub-Saharan African countries
such as Zambia and Zimbabwe if the Cape Town-based supermarket chain sticks
to smaller stores with lower prices. A cautious approach is required as the
grocer explores options for international growth, Chief Executive Officer
Richard Brasher said in a phone interview on Tuesday. "Its a long journey,"
he said. "No one doubts at the potential - the question is when." The CEO is
preparing Pick n Pay for the next phase of development after reducing the
workforce by 10% last year and cutting prices on shop shelves. That led to a
growth in earnings, sales and market share in South Africa in the first half
through August 26, even as a "tough economy" creates challenges in its home
market.  <http://www.bulls.co.zw/> Read more >

Government to flush out economic saboteurs   

GOVERNMENT has embarked on a price monitoring system along the production
chain from manufacturer to the retailer in a move meant to flush out
economic saboteurs unjustifiably profiteering from basic commodities. It
also resolved that manufacturers and suppliers of basic commodities and
medical drugs should revert to reasonable pricing systems that recognise the
guaranteed convertibility of bond notes and RTGS balances to the US dollar
on a 1:1 ratio. Briefing journalists during a joint press conference after
Cabinet meeting yesterday, Information, Publicity and Broadcasting Services
Minister Monica Mutsvangwa said action will be taken against the saboteurs.
<http://www.bulls.co.zw/> Read more >

Banks comply with RBZ directive

HARARE - Local banks have started  creating separate Nostro Foreign Currency
Accounts (FCAs) and Real Time  Gross Settlement (RTGS) FCAs in line with a
directive issued by the  Central Bank early this month. The Reserve Bank of
Zimbabwe (RBZ) gave banks until mid this month to  separate the two accounts
as part of measures to preserve value for  foreign currency earners.
Monetary authorities expect the measure to strengthen the  multi-currency
system for financial and price stability and to increase  inflows of foreign
currency. CABS managing director Simon Hammond said the bank was already
processing the opening of accounts denominated in Rand, United States
dollar, Euro, British Pound and Pula.  <http://www.bulls.co.zw/> Read more >

Mangudya curbs money in circulation

The level of money circulating in the economy declined in the first quarter
of the year as strategies put in place by the Reserve Bank of Zimbabwe to
curb excess liquidity began to take effect. Financial experts say when too
much money is in circulation then the supply of money is greater than the
demand and the money tends to lose its value (read "inflation"). "Reserve
money fell, largely due to mopping of excess liquidity through the issuance
of the Savings Bonds," said central bank governor Dr John Mangudya in his
first quarterly economic review of 2018. Reserve money holds a critical
position in monetary policy. And to the extent that it is mostly currency in
circulation with the people, reserve money decides the level of liquidity
and price level in the economy.  <http://www.bulls.co.zw/> 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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