Bulls n Bears Investors Notebook Issue 162:04 September 2018

Tue Sep 4 09:56:24 CAT 2018

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Bulls n Bears Investors Notebook Issue 162:04 September 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

Producers speak on cement crisis

National cement demand has surged since the second half of last year, driven
by a reported bubble in mortgage and construction activity, amidst mounting
supply-side challenges related to foreign currency shortages for the
procurement of spare parts. A statement released by the Cement and Concrete
Institute of Zimbabwe (CCIZ) yesterday indicated that the industry may not
be able to cope with the rising demand, estimated at 30% year-to-date since
the same period last year, unless foreign currency shortages were addressed
to reduce plant downtimes.  <http://www.bulls.co.zw/> Read more >

Panic as prices soar

THE prices of basic commodities have risen sharply since elections held on
July 30 to levels that are too high for a dollarised economy. The bout of
inflation is blamed on excessive government spending and a critical shortage
of foreign currency to procure imports and to stabilise bond notes, which
have since been devalued by up to 80% on the parallel market. President
Emmerson Mnangagwa, who is in China for the Forum on China-Africa
Co-operation (Focac), is seeking a $2 billion bailout to ease the crisis of
foreign currency liquidity and cash.  <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

Belt and Road Initiative critical for Zim - ED   

The Belt and Road Initiative (BRI) will contribute to genuine,
all-encompassing globalisation and help Zimbabwe in particular to achieve
its goal for middle-income status by 2030, President Mnangagwa has said. The
President said this in the Chinese capital, Beijing, where he is attending
the 2018 Beijing Summit of the Forum on China-Africa Co-operation (FOCAC).
The BRI is an ambitious effort to improve regional co-operation and
connectivity on a trans-continental scale. It aims to strengthen
infrastructure, trade, and investment links between China and some 65 other
countries that account collectively for over 30 percent of global Gross
Domestic Product (GDP), 62 percent of world population and 75 percent of
known global energy reserves.  <http://www.bulls.co.zw/> Read more >

Govt to recalculate interest on RBZ debt   

GOVERNMENT will enlist the services of a consultant to recalculate interest
on debts it contracted before 2013 with a view to identifying instances
where it overpaid and enforce recovery of such amounts. The Ministry of
Finance and Economic Development has since tendered for expression of
interest by specialised debt interest recalculation service providers to
evaluate payments on Reserve Bank debt assumed by Government. Government
assumed the RBZ Debt which was contracted prior to 2013 with the process
involving validation and reconciliation by the Public Debt Management Office
in the Ministry of Finance and Economic Development.
<http://www.bulls.co.zw/> Read more >

Zesa's $20m transformers burden   

NATIONAL power utility, ZESA Holdings, requires a staggering $20 million to
replace over 4 000 transformers that were either vandalised or stolen across
the country. Government says thieves are stealing at least three
transformers per night, making it practically impossible for ZESA to replace
all of them as soon as they are stolen or vandalised due to the foreign
currency pickle affecting the country. Transformer prices differ on the
basis of size and capacity but the cheapest one retails at $5 000.
<http://www.bulls.co.zw/> Read more >

IDBZ acquires property, land worth $7,3m   

During the period under review, the bank embarked on the execution of two
projects; both earmarked for completion before the end of this year. THE
Infrastructure Development Bank of Zimbabwe (IDBZ) says it has acquired land
and properties worth $7,3 million for the development of already identified
future infrastructure projects.  <http://www.bulls.co.zw/> Read more >

ED, Khama to grace CZI congress   

PRESIDENT Mnangagwa and former Botswana President Ian Khama will be among
the high profile speakers at this year's Confederation of Zimbabwe
Industries (CZI) congress and International Investment Forum to be held in
Bulawayo later this month. The forum will be held at a Bulawayo hotel
between 26 and 29 this month. CZI Matabeleland chapter president Mr Joseph
Gunda who is general manager of General Beltings, said revival of industry
will be on spotlight during the specialised indaba. Mr Gunda was speaking
while closing the Higher Education Partnerships in sub-Saharan Africa
(HEPSSA) and Joint Enriching Engineering Education Programme (JEEEP), which
was organized by the National University of Science and Technology (Nust)
here on Friday last week.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Seed Co wins big at agric show   

President Mnangagwa poses for a picture with Seed Co managing director Mr
Denias Zaranyika, after receiving a trophy for the Best Stand (overall) at
the Harare Agricultural Show last Friday. LEADING seed producer, Seed Co,
shone like a beacon at the just-ended Harare Agricultural Show after bagging
the Best Exhibitor award in the agricultural sector, and the Best Exhibitor
Overall.  <http://www.bulls.co.zw/> Read more >

CBZ in $30,5m housing project   

The country's biggest financial services group, CBZ Holdings Limited is
currently developing stands worth $30,5 million and is already in the
process of selling some, as the company continues to deploy capital into
land development. Amid limited investment options, most financial
institutions have turned to the property market to create income streams as
well as hedge against currency weaknesses. The biggest project that CBZ is
developing is in Marondera where 2 800 high density stands are being
developed. The project is estimated to cost $15 million when complete.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Bank spends $20 million on residential projects   

The Infrastructure Development Bank of Zimbabwe (IDBZ) has spent $20 million
in six months to June 30, 2018, on residential projects in Kariba and
Hwange. Of the total amount, $14,8 million was utilised for the Baobab,
Kasese and Batonga projects in Kariba while $5,8 million was utilised for
Empumalanga housing project in Hwange. IDBZ chief executive officer Thomas
Sakala said the projects were expected to be completed this year.
<http://www.bulls.co.zw/> Read more >

Water woes stall Steel Makers' re-opening

THE prevailing water shortage in Masvingo has stalled the re-opening of
Steel Makers Sponge Iron plant. Masvingo city has been battling a serious
water shortage following the breakdown of two pumps at the local authority's
main station at Bushmead.  The pumps have been taken to Harare for repairs
and residents have been getting water through bowsers, two weeks on.
<http://www.bulls.co.zw/> Read more >

RBZ chief allays fuel shortage fears  

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has assured the
nation that there is no fuel crisis, as the central bank allocated enough
foreign currency to suppliers. Dr Mangudya, who is in China on State
business, told Chronicle in an interview that queues that characterised
filling stations in most parts of the country yesterday could have been a
result of logistical challenges. "There cannot be a crisis because we
allocated enough fuel for the week," he said.  <http://www.bulls.co.zw/>
Read more >

FBC posts 13pc profit growth

FBC Building Society reported a 13 percent growth in total income for the
six months ended June 30, 2018 driven largely by growth in net fee and
commission income. Total.
<http://www.bulls.co.zw/2018/08/28/fbc-posts-13pc-profit-growth/> Read more
>

'Engineers must lead charge to close infrastructure gaps'

ENGINEERS should take strategic leadership positions in the quest to resolve
Zimbabwe's gaping infrastructure deficit after resolving leadership issues
at Government level through the harmonised elections held on July 30,.
<http://www.bulls.co.zw/2018/08/28/engineers-must-lead-charge-to-close-infra
structure-gaps/> Read more >

NRZ defends Transnet deal

National Railways of Zimbabwe (NRZ) has allayed fears that it might have
entered into a questionable deal with Transnet, following the issuing of
suspension notices to three top officials who.
<http://www.bulls.co.zw/2018/08/28/nrz-defends-transnet-deal/> Read more > 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

The Harare Agricultural Show

The Harare Agricultural Show

The Harare Agricultural Show

August 27- September 1

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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