Bulls n Bears Investors Notebook Issue 122:23 October 2018

Tue Oct 23 10:40:07 CAT 2018

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Bulls n Bears Investors Notebook Issue 122:23 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

Mastercard pledges Zim support

Mastercard President and chief executive, Ajay Banga, has pledged his
company's support for Zimbabwe's drive to create a new wave of digital
payments and inclusive growth. Banga today met with.
<http://www.bulls.co.zw/2018/10/23/mastercard-pledges-zim-support/> Read
more >

Zim draws down $200m for Hwange project

Zimbabwe has drawn down $199 million for the expansion of the Hwange Thermal
Power Station (HPS), as the country presses ahead with efforts to ramp up
local electricity generation. The.
<http://www.bulls.co.zw/2018/10/23/zim-draws-down-200m-for-hwange-project/>
Read more >

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

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

Govt sets up $100m gold sector fund

Government plans to establish a $100 million gold sector venture fund as it
seeks to boost output and build reserves. The fund is designed to assist
miners to re-tool so.
<http://www.bulls.co.zw/2018/10/23/govt-sets-up-100m-gold-sector-fund/> Read
more >

Zimbabwe bakers plot $4 per loaf

Some stakeholders in the baking industry have held secret consultations over
the past week to unilaterally peg the price of a standard loaf of bread to
the prevailing black market.
<http://www.bulls.co.zw/2018/10/23/zimbabwe-bakers-plot-4-per-loaf/> Read
more >

Mthuli Ncube's 2% tax court challenge dismissed

A High Court judge has dismissed an application by Mfundo Mlilo a human
rights activist challenging the legality of the 2 percent tax on money
transfers which was recently imposed.
<http://www.bulls.co.zw/2018/10/23/mthuli-ncubes-2-tax-court-challenge-dismi
ssed/> Read more >

RBZ avails $10m to manufacturing sector

THE Reserve Bank of Zimbabwe (RBZ) last week released over $10 million to
the manufacturing sector to address the shortages of basic commodities and
wanton price increases, NewsDay has learnt..
<http://www.bulls.co.zw/2018/10/23/rbz-avails-10m-to-manufacturing-sector/>
Read more >

TM Supermarket throws business ethics in the bin

TM Supermarket has thrown business ethics away through the window into the
garbage bin when the they introduced "conditional selling" by demanding
customers to buy goods worth more than $15.
<http://www.bulls.co.zw/2018/10/23/tm-supermarket-throws-business-ethics-in-
the-bin/> Read more >

 <mailto:info at bulls.co.zw> 

Lumumba sent packing

Finance and Economic Development Minister Professor Mthuli Ncube has dumped
Acie Mutumanje Lumumba, as chairman of the Communications Taskforce in the
ministry, three days after his appointment. The appointment of.
<http://www.bulls.co.zw/2018/10/23/lumumba-sent-packing/> Read more >

Inflation increases

ZIMBABWE'S year-on-year inflation rose to 5,39 percent last month from 4,83
percent in August largely triggered by the parallel market exchange rate
forces. Statistics from the Zimbabwe National Statistics Agency.
<http://www.bulls.co.zw/2018/10/23/inflation-increases/> Read more >

 <mailto:info at bulls.co.zw> 

Fidelity partners School of Mines   

SOLE gold buyer Fidelity Printers and Refineries Private Limited has
partnered with the Zimbabwe School of Mines (ZSM) in Bulawayo to embark on a
training programme to capacitate gold producers with skills and fundamentals
of safe mining. Fidelity Printers public relations officer, Ms Chelesani
Moyo, said in a press statement that they had engaged ZSM to empower gold
producers across the country so as to boost output and encourage safe mining
practices. She said more than 50 gold producers were expected to participate
in each province, in a seven-day course, which would be fully funded by the
gold buyer. <http://www.bulls.co.zw/> Read more >

Procurement body standardises bidding   

The Procurement Regulatory Authority of Zimbabwe (PRAZ) has introduced
standard bidding documents for use by all procuring entities as part of
efforts to ensure transparency, uniformity and containing costs. PRAZ chief
executive officer Mr Nyasha Chizu, told The Herald Business yesterday that
the standard bidding documents have been introduced in terms of Section 6
(1) of the Public Procurement and Disposal of Public Assets Act Chapter
(22:23). The term "standard" implies that the documents are used across all
procuring entities to achieve uniformity when procuring the same goods,
services, works and consultancy. Mr Chizu said the standard bidding
documents are important if the country is to achieve President Mnangagwa's
vision 2030 of an upper middle income economy.  <http://www.bulls.co.zw/>
Read more >

CFA president heads to Zimbabwe   

The Investments Professionals Association of Zimbabwe (IPAZ) and The
Securities and Exchange Commission, will this week host Chartered Financial
Analysts president and chief executive officer Paul Smith who will be in the
country for the first time. Mr Smith is in charge of an institution
representing 150 000 investment professionals globally, with members in 155
countries and will be in the country from the October 23 to 25. IPAZ is
Zimbabwe's representative of Chartered Financial Analyst (CFA) Institute -
the global association of investment professionals made up of portfolio
managers, investment advisors, educators and other financial professionals.
<http://www.bulls.co.zw/> Read more >

Zisco $1bn deal back on track   

The Government said yesterday it has decided to put back on track the
proposed $1 billion investment in the Zimbabwe Iron and Steel Company by a
Chinese investor. Industry and Commerce Minister Nqobizita Mangaliso Ndlovu
said he was hoping his visit to China next week would help tie up loose ends
on the deal. Last month, Minister Ndlovu told a business conference that the
Government was not happy with the progress by R and F, nearly a year after
it expressed interest in reviving Zisco. He said the Government had done
everything to accommodate "a lot of the demands from the potential investor
(R and F) but still progress has not been much".  <http://www.bulls.co.zw/>
Read more >

RBZ suspends four top managers indefinitely   

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday
indefinitely suspended four senior managers on allegations of corruption
raised against them by the then chairperson of the Finance and Economic
Development Communication Taskforce, Mr Acie Lumumba. The managers are
Messrs Mirirai Chiremba (Director Financial Intelligence), Norman Mataruka
(Director Bank Supervision), Gresham Muradzikwa (Head of Security) and
Azvinandawa Saburi (Director Financial Markets). "The RBZ wishes to advise
members of the public that following allegations of impropriety levelled
against senior officials of the Bank namely, Messrs Mirirai Chiremba, Norman
Mataruka, Gresham Muradzikwa and Azvinandawa Saburi, by Mr Lumumba, the Bank
has found it necessary, for the sake of transparency and good corporate
governance, that the allegations be followed through and investigated in
line with the Bank's Employment Code of Conduct.  <http://www.bulls.co.zw/>
Read more >

'Cash barons' get the chop

HEADS have started rolling at the Reserve Bank of Zimbabwe (RBZ), with four
top executives being suspended yesterday less than 24 hours after Finance
ministry communications taskforce chairperson William "Acie Lumumba"
Mutumanje implicated them as the brains behind the cash crisis in the
country. In a live Facebook recording on Sunday night, Mutumanje cited that
the country was being held hostage by a cartel, including the RBZ quartet,
which he said was enjoying a monopoly in the country's fuel business and
other corrupt deals. Mutumanje was appointed to head the taskforce on Friday
by Finance minister Mthuli Ncube.  <http://www.bulls.co.zw/> Read more >

TM Supermarkets lifts 'Rest of Africa'

Tm Supermarket boosted profits in the 26-weeks to August 26, 2018,
contributing significantly to South African retailing giant's Pick n Pay
Stores' financial performance during the period. Group management attributed
TM Supermarkets' strong sales and profit growth to competitive promotions
and improved on-shelf availability. The Zimbabwean operation was the best
performer within the Rest of southern Africa division (the group has an
established presence in Botswana, Lesotho, Namibia, Swaziland, Zambia and
Zimbabwe). "Profit before tax was up 7,3 percent to R136,1 million, driven
by an outstanding performance from the group's associate in Zimbabwe, TM
Supermarkets (TM)," said Pick n Pay chief executive officer Richard Brasher
in an analysis of the results for the 26-weeks period.
<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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