Bulls n Bears Investors Notebook Issue 124:29 October 2018

Mon Oct 29 09:39:11 CAT 2018

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Bulls n Bears Investors Notebook Issue 124:29 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

'Mining regulations still restrictive'

Zimbabwe's domestic mining regulatory environment remains one of the most
restrictive in the region and needs to change to attract investment, a
leading information group Fitch Solutions says in its latest report. Fitch
Solutions is part of the Fitch Group, a global leader in financial
information services with operations in more than 30 countries. In a recent
analysis of the mining regulatory framework, Fitch Solutions said issues
around high local ownership requirements, royalty rates and government
intervention were restrictive.  <http://www.bulls.co.zw/> Read more >

Cornered Buy Zimbabwe sings imports tune

BUY Zimbabwe says all stakeholders must co-operate and ensure that the
supply of goods and services return to normalcy in the country following the
suspension of import restriction measures. Government last week announced
the indefinite suspension of Statutory Instrument (SI) 122 of 2017, which
was restricting the importation of certain products that were deemed as
readily available locally. <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

Zim's data costliest in Africa: Report

The latest report by the Alliance for Affordable Internet (A4AI) says
Zimbabwe has highest mobile data costs in the region at $25 per gigabyte.
The fifth edition of the annual report examines internet access trends and
policies in 61 low and middle-income countries across the globe, including
in Africa, Asia, Americas and the Caribbean. Zambia has the second costliest
data at $13,27 peg gig, South Africa at $11,33 while Kenya, Tunisia and
Nigeria are at $4,81, $4 and $2,76 respectively. <http://www.bulls.co.zw/>
Read more >

Foreign medical trips bleeding Zim: ED

FOREIGN trips to seek specialised medical attention by Zimbabweans are
bleeding the country of the much-needed foreign currency, President Emmerson
Mnangagwa has said. Writing in his weekly column in the State-controlled
Sunday Mail newspaper, Mnangagwa, who along with leading figures in his
government, have all sought medical treatment outside the country, said the
country needed to develop its capacity going forward. "Many Zimbabweans are
turning to foreign countries for specialised healthcare. This is very
expensive for our nation," Mnangagwa said. <http://www.bulls.co.zw/> Read
more >

New mall to squeeze out vendors

HARARE City Council (HCC) has approached government seeking approval to
construct shopping malls, wholesales and supermarkets as well as establish a
long distance bus terminus at the new market stalls at Coca-Cola open space.
In an application filed with the Department of Physical Planning for change
of use, of the open space at the corner of Seke and Dieppe Road, the City of
Harare stated that they wanted to use the area for various projects. "Notice
is hereby given that in terms of section 49 (4) of the Act (Regional, Town
and Country planning Act) of an application to change the reservation of
remainder of stand 17915 STL (corner Seke/Dieppe road), Graniteside from
[public open space and recreation to commercial (Shops and offices) and
special buildings (bus terminus and driving school training grounds)," read
the application in part. <http://www.bulls.co.zw/> Read more >

Zim fine-tunes GCF structures   

Zimbabwe has begun the search for a national consultant to spearhead the
mobilisation of financial resources for domestic climate change projects
with the Green Climate Fund, a special UN facility for tackling climate
challenges throughout the world. The country has an $80 million climate
adaptation and mitigation project waiting in the wings for funding.
Established under the UN climate talks, the South Korea-based fund, which
has so far raised $10,3 billion against the $100 billion needed each year by
developing countries in Africa and elsewhere, aims to help poor nations cope
with climate change. <http://www.bulls.co.zw/> Read more >

Lowveld cotton farmers in early planting   

SOME cotton farmers in the Lowveld have started planting - several weeks
earlier than is usual - as early tillage of their fields has afforded them a
quick start to fieldwork. In the Lowveld region - one of Zimbabwe's largest
cotton producing areas - the farmers, who usually plant in December and in
some instances in January, are expected to take advantage of the early
rains, thereby raising prospects for better yields.  The farmers are
beneficiaries of the Government's contract cotton farming scheme meant to
stimulate cotton production by providing inputs to mostly peasant farmers.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

'Free float exchange system catastrophic'   

ZIMBABWE risks plunging into rampaging price inflation if it liberalises
foreign exchange controls, according to the proponents of a managed exchange
rate system.  But critics of the system argue that fixing the exchange rate
is only delaying inevitable price spiral - inflation. Zimbabwe's annualised
inflation raced to 5,39 percent in September 2018 from 4,83 percent a month
earlier. The Reserve Bank of Zimbabwe has maintained a fixed exchange rate
system of the bond note and US dollar, insisting they rank at par (1 to 1)
to entrench the multi-currency system and preserve price stability.
<http://www.bulls.co.zw/> Read more >

Construction of Sakubva's $1m new vegetable market begins

THE construction of a $1 million state-of-the-art Sakubva Produce Market is
set to start next month after the Procurement Regulatory Authority of
Zimbabwe (Praz) finally awarded the tender to a local engineering company to
start the work that will see hundreds of vendors in the eastern border city
benefiting. The Zimbabwe Consolidation Diamond Company (ZCDC) is financing
the initiative. Mutare City Council public relations department confirmed
the development in a statement on Saturday claiming that internal processes
were currently being carried out.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

NRZ urged to introduce commuter trains

Stakeholders have urged the National Railways of Zimbabwe (NRZ) to introduce
commuter trains in a bid to regain the glory in the transport sector. This
comes at a time when people are being robbed of their hard earned money by
unscrupulous commuter omnibus operators who have hiked fares and are taking
advantage of the prevailing economic situation. During peak hour, some
commuter omnibuses further hike their fares to as far as $1.50 to
Chitungwiza and a $1 in most suburbs. <http://www.bulls.co.zw/> Read more >

Give artisanal miners more time: Minister   

GOVERNMENT says small-scale miners should be given time to acquire equipment
and work the land before considering forfeiting their claims over
non-payment of rentals. According to the Mines and Minerals Act, claims that
are not up to date on rent payments after two years are forfeited as they
are deemed to be held for speculative purposes. Speaking at a Zimbabwe
Miners' Federation (ZMF) meeting with small-scale miners last week, Minister
of State for Provincial Affairs Dr Ellen Gwaradzimba said everyone should be
given a chance to prove that they can contribute meaningfully to production.
<http://www.bulls.co.zw/> Read more >

Modi woos Belgian, Luxembourg investors   

INDUSTRY and Commerce Deputy Minister, Raji Modi, has enticed Belgian and
Luxembourg companies to exploit manufacturing investment opportunities in
Bulawayo and Zimbabwe at large. The Bulawayo South House of Assembly member
was in Belgium on a business visit last week where he took the opportunity
to unpack Zimbabwe's economic reform processes and highlight major areas for
investment. Speaking at the CBL-ACP Luncheon on Investing in Zimbabwe,
Deputy Minister Modi said there was a need for a high-level business mission
between Harare and Brussels, in particular, to facilitate the strengthening
of bilateral relations and cooperation on the investment front.
<http://www.bulls.co.zw/> Read more >

Maize seed prices unjustified - Minister   

Government yesterday said there is no reason for maize seed producers to
hike prices, and it will take measures to protect farmers against the
unwarranted behaviour by the manufacturers. Industry and Commerce Minister
Mangaliso Ndlovu said there was no justification for seed producers to hike
prices. Seed producers are selling a 10kg bag of maize seed at slightly
above $100, up from $25 last farming season, while a 25kg bag is being sold
at about $250 from $70 last season. The increases are a sign that maize seed
producers have joined the bandwagon of unilateral price hikers.
<http://www.bulls.co.zw/> Read more >

Command agriculture to continue for next 10 years   

THE Command Agriculture programme introduced by Government in 2016 will
continue for the next 10 years as it has proved to be a success, an official
has said. In his address at the Africa regional conference in Victoria Falls
on Wednesday, Air Force of Zimbabwe Commander Air Marshal Elson Moyo said
Command Agriculture has had a huge impact on Zimbabwe's economy. PKF
Chartered Accountants, an international accounting and audit firm with
offices in Zimbabwe, hosted the rotational conference on behalf of Zimbabwe.
<http://www.bulls.co.zw/> Read more >

Russian billionaire jets into Zimbabwe for investment deal

Russian billionaire, Mr Dmitry Mazepin has arrived in the country for talks
with the government this week about investment in Zimbabwe's fertiliser
industry. Agriculture is the mainstay of the economy but it has been hit
hard by shortages of fertiliser with prices of the commodity being sold
beyond the reach of many people. One of the biggest producers of fertliser,
Chemplex is reeling under financial challenges and its main investor, the
Industrial Development Corporation (IDC) recently announced plans to sell
controlling stake in the company. <http://www.bulls.co.zw/> Read more >

Lifting Import Restrictions Does Not Address Forex Challenges Faced By Local
Industries - CZI

The Confederation of Zimbabwe Industries (CZI) has said that the
government's decision to indefinitely remove all import restrictions is not
well thought out because it does not address the challenges faced by local
industries. CZI president Sifelani Jabangwe said the issue of inadequate
foreign currency will still need to be addressed and will actually become
worse. Said Jabangwe.  <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.

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