Bulls n Bears Investors Notebook Issue 122:25 October 2018

Thu Oct 25 11:19:14 CAT 2018

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Bulls n Bears Investors Notebook Issue 122:25 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

Nine firms set for Botswana expo   

TRADE promotion body, ZimTrade, is facilitating the participation of nine
Zimbabwean manufacturers at the Global Expo Botswana next week. The expo is
one of the neighbouring country’s premium annual trade events and will be
taking place from 30 October to 2 November 2018 in Gaborone. In a statement
ZimTrade said the nine participating companies were drawn from processed
foods, clothing, building and construction material, agricultural inputs and
implements, as well as the leather sectors. Zimbabwe’s participation at the
show follows the Botswana market research carried out by ZimTrade in
February 2018. <http://www.bulls.co.zw/> Read more »

Zimbabwe cotton ranked third in the world   

ZIMBABWE is seeking to double its cotton production in the forthcoming
summer cropping season amid growing demand for the country’s produce on the
international market.Agriculture Marketing Authority (AMA) acting chief
executive officer, Mrs Nancy Zitsanza, said there was a huge demand for
Zimbabwe’s cotton, which she said was ranked third in the world. “Zimbabwe
cotton is the third best cotton in the world according to the international
market ratings. “Our cotton is now highly regarded in terms of quality. It
is also on demand and there has been underproduction of cotton in the
country,” she said.  <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

Industrialists cry foul 
Flooding country with imports retrogressive, they
say   

Industrialists said yesterday that the decision by Government to lift the
ban on the importation of some basic commodities will cripple the revival of
the manufacturing sector and threaten jobs. The shortage of basic
commodities as a result of panic buying during the past two weeks has
prompted Government to lift the ban on the importation of specified basic
commodities. Under Statutory Instrument 122 of 2017, individuals and
companies with offshore and free funds are allowed to import specified basic
commodities that are in short supply due to retailers’ speculative
tendencies, hoarding and panic buying by consumers.
<http://www.bulls.co.zw/> Read more »

‘Zim, Zambia Siamese twins’
ED ready to work with Lungu   

President Emmerson Mnangagwa yesterday reaffirmed Zimbabwe’s commitment to
cooperate with Zambia and implement joint projects beneficial to both
countries’ citizens. The two countries share the same vision of transforming
their economies into an upper middle income status by 2030. Addressing
people at the main reception to mark Zambia’s 54th independence-day
anniversary at the Zambian State House in Lusaka where he was the guest of
honour, President Mnangagwa equated the two countries to Siamese twins who
share a lot in common. He said the opportunity offered by Joint Permanent
Commission between the two countries created room for scaling up of trade
and cultural relations. <http://www.bulls.co.zw/> Read more »

Dewei Investments concludes PG Industries takeover

HARARE – Indian firm Dewei Investments PG Industries take-over is set to be
completed this month after the deal was registered by the Registrar of
Companies on October 19, 2018. In 2016, Dewei Investments entered into an
agreement with PG Industries to take over the entire issued share capital of
the struggling construction materials firm for $500 000 after shareholders
approved the transaction. <http://www.bulls.co.zw/> Read more »

Adelaide Park waste water treatment plant commissioned

HARARE – Local Government, Public Works and National Housing deputy
minister, Jenifer Mhlanga yesterday commissioned the first phase of a waste
water treatment plant valued at $480 000 in Adelaide Park, Epworth.
Constructed through a partnership between Shelter Zimbabwe and Epworth Local
Board this first phase of the sewer reticulation plant has a capacity of 0,4
mega-litres which is enough to process effluent from 730 units (houses).
<http://www.bulls.co.zw/> Read more »

Financial sector key in money laundering fight

HARARE – The Financial services sector is critical in the battle against
money-laundering, an expert has said. Money laundering basically refers to
the concealment of the origins of illegally obtained money, typically by
means of transfers involving foreign banks or legitimate businesses.
Addressing participants at a Macroeconomic and Financial Management
Institute of Eastern and Southern Africa (MEFMI) workshop on anti-money
laundering and combating financing of terrorism, senior analyst (Regulatory
Policy & Research Bank Supervision Department) in the Bank of Zambia Calvin
Habasonda said customer profiling and monitoring was essential in spotting
financial irregularities. <http://www.bulls.co.zw/> Read more »

 <mailto:info at bulls.co.zw> 

Zim hosts 2018 Customer Service Excellence Awards

HARARE – The Contact Centre Association of Zimbabwe (CCAZ) is this month set
to host the 7th annual edition of the Zimbabwe Customer Service Excellence
Awards. Similar awards are hosted annually by CCAZ’s sister body, the
Chartered Institute of Customer Management (CICM) in other countries namely
Botswana, Namibia, Malawi, Zambia and Swaziland among others. According to
CCAZ publications and events officer Gamuchirayi Makedenge the 7thth edition
of the Zimbabwe Service Excellence Awards will be held in the Capital on
October 26. <http://www.bulls.co.zw/> Read more »

Gvt moves to end basic goods shortages

HARARE – The Zimbabwe government has partially repealed Statutory Instrument
122 of 2017 which controls the importation of basic goods and commodities to
ensure improved supply in  the wake of widespread shortages and price hikes,
a Cabinet Minister  said on Tuesday. Zimbabwe has maintained import
restrictions on certain products as a  way of limiting consumer spending on
luxury imports, since Zimbabwe is  facing a huge trade deficit. The
restrictions were also meant to push the industrialisation agenda.
<http://www.bulls.co.zw/> Read more »

 <mailto:info at bulls.co.zw> 

Indonesian-owned firm eyes exports   

The first Indonesian firm in Zimbabwe, Amazing Shine Indozim, is set to
start earning foreign currency for the country from exports of its products
that include instant noodles and medical drugs. This was said by Deputy
Ambassador of Indonesia in Zimbabwe, Dr Partogi Samosir while addressing
delegates during last week’s SMEs International Expo in Harare. “Since
August 2018, Indonesia has established its first company in Harare named
Amazing Shine Indozim,” said Dr Samosir. “We will export its very famous
instant noodles called IndoMie . . . furthermore, we will export medical and
hospital equipment such as medicines, furniture, incubator radiology,
hyperbaric, oxygen generator, and hospital facilities.
<http://www.bulls.co.zw/> Read more »

Zimbabwe was also voted third in terms of safety out of the 10 countries
observed.

Zimbabwe was voted third after Sri Lanka and Germany, and was followed by
Panama, Kyrgyzstan, Jordan, Indonesia, Belarus, São Tomé and Príncipe and
Belize. “While it may be known for making the headlines for all the wrong
reasons, Zimbabwe has always been a country that travellers on the ground
have raved about. Not only is it one of Africa’s safest destinations, it’s
one blessed with ultra-friendly locals, Big Five-filled national parks,
World Heritage-listed archaeological ruins, forested mountains and, of
course, the mighty Victoria Falls,” Lonely Planet said.
<http://www.bulls.co.zw/> Read more »

Inside Lancashire Steel’s stinking deal

INVESTIGATIONS into the deal signed between government-owned Lancashire
Steel and Whinstone Enterprises, a Botswana registered Indian firm, expose
an underlying plot to strip the national asset as well as poor deal-making
skills by the parastatal’s board. Sources say the deal, which has been
roundly opposed by management and is reportedly being pushed by board
chairman Ngwabi Bhebhe, gives Whinstone Enterprises unfettered access to
scrap metal and pig iron held at Ziscosteel, which they can export and then
use the proceeds to ramp up production at Lancashire Steel without injecting
any capital. It’s not clear where the scrap metal will be exported to.
<http://www.bulls.co.zw/> Read more »

Chitando appoints new MMCZ board   

Mines and Mining Development Minister Winston Chitando has appointed a new
seven-member board for the Minerals Marketing Corporation of Zimbabwe
(MMCZ). The board will be chaired by Mr David Murangari. Other notable
appointments include Chamber of Mines of Zimbabwe chief executive Mr Isaac
Kwesu and former Hwange Colliery Company Limited board member Mr Jermister
Chininga. The appointments are with immediate effect.
<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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