Bulls n Bears Investors Notebook Issue 165:07 September 2018

Fri Sep 7 07:48:59 CAT 2018

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Bulls n Bears Investors Notebook Issue 165:07 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

Zim, China sign three more deals   

President Mnangagwa on Wednesday met with his Chinese counterpart President
Xi Jinping after the conclusion of the 2018 Beijing Summit of the Forum on
China-Africa Cooperation (FOCAC) and the two leaders signed fresh
agreements. Sources close to the meeting said the Chinese President called
for continuation of stronger political trust, cooperation and exchanges of
governance experiences of the ruling parties. President Mnangagwa’s
high-powered, closed-door bilateral engagement with President Xi resulted in
the signing of three significant agreements. In an interview, Foreign
Affairs and International Trade Minister Dr Sibusiso Moyo outlined the three
agreements. <http://www.bulls.co.zw/> Read more »

Nestle backs Zimbabwe coffee farmers

The Swiss food multi-national Nestle is investing $1.25m (£1m) in Zimbabwe
to help revive its coffee industry, news agency Bloomberg reports. It is set
to buy nearly all the coffee produced by the country's smallholder farmers
and plans to produce limited editions of its Nespresso coffee pods to appeal
to a market looking for new tastes.  "We are rebuilding an industry that was
disappearing," Chief Executive Officer Jean-Marc Duvoisin told Bloomberg.
"They produced a lot of coffee before, so there's a lot of history. Some
people know Zimbabwean coffee but most have never tried it."
<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

'Africa is the place to be,' African Development Bank President tells China

The President of the African Development Bank, Akinwumi Adesina, has urged
Chinese business leaders to attend the Africa Investment Forum scheduled to
take place in Johannesburg, South Africa, from 7-9 November 2018. Adesina
made the call while addressing delegates at the 6th Conference of Chinese
and African Entrepreneurs, which took place on the sidelines of the 2018
Beijing Summit, attended by leaders from 53 African countries and China. "I
am sure you all know Africa is the place to be. African economies are
growing well and the GDP growth rate is projected to average 4.1% this
year," he said.
<http://www.bulls.co.zw/2018/09/05/nmb-bank-net-profit-surges-broadens-targe
t-market/> Read more » »

‘Bulawayo has huge tourism potential’   

The tourism industry presents a huge opportunity for the City of Bulawayo to
grow its economy and complement efforts to revive the manufacturing sector
with significant impact on livelihoods. While the city is regarded as the
manufacturing hub of the country, the demise of industry in recent years had
taken a toll on economic activity and saw thousands of workers losing their
jobs.   <http://www.bulls.co.zw/> Read more »

ZETDC must upgrade systems: CCZ   

The Consumer Council of Zimbabwe (CCZ) has called for a speedy system
upgrade by the Zimbabwe Electricity Distribution Company (ZETDC) to enable
smooth flow of transactions for electricity tokens that customers can
afford. This comes after mobile money platform, EcoCash increased the
minimum amount for purchasing electricity tokens by 400 percent to $10. As a
result, consumers have inundated the consumer body with complaints saying
the minimum set amount of $10 was too punitive in an economy with low
disposable incomes.  <http://www.bulls.co.zw/> Read more »

Global platinum market headed for surplus   

The global platinum market will end the year in a surplus of 295 000 ounces
as both supply, from main producers Zimbabwe, South Africa and Russia, and
demand for the metal will fall by 2 percent, the World Platinum Investment
Council (WPIC) said yesterday. Global demand, which will fall to 7,615 koz,
is expected to remain low due to lower production of diesel vehicles in
Europe which will cut platinum use by vehicle manufacturers by six percent.
Koz is equal to a thousand platinum ounces.   <http://www.bulls.co.zw/> Read
more »

Zimra adopts conciliatory approach   

The Zimbabwe Revenue Authority (Zimra) says it has dumped its combative tax
administration tactic in favour of a conciliatory approach whereby tax
payers willingly comply with the dictates of the country’s laws. This was
said by Zimra Commissioner General Faith Mazani yesterday in Harare during a
breakfast meeting hosted by the national tax collector for players in the
telecommunications industry. “The reason why we called you here today
(yesterday) is that we want to build and improve our relationship with you.
<http://www.bulls.co.zw/> Read more »

 <mailto:info at bulls.co.zw> 

Firms to benefit from China’s $60bn facility   

Mobile phone network provider NetOne, Robert Mugabe International Airport
and Hwange 7 and 8 units are some of the projects ear-marked to benefit from
the $60 billion concessionary loans from China, Foreign Affairs and
International Trade Minister Dr Sibusiso Moyo has  said. Government plans to
retool NetOne, construct Hwange Power Station 7 and 8 units to boost power
generation and to upgrade RG Mugabe International Airport to a world-class
facility. Chinese President Xi Jinping announced — while officially opening
the Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) — that
his country was pledging $60 billion for financing various projects in
Africa.  <http://www.bulls.co.zw/> Read more »

$10 million for export credit guarantee

GOVERNMENT has injected $10 million into the Export Credit Guarantee
Corporation of Zimbabwe (ECGC) in a bid to promote the growth and
diversification of the country’s export trade, an official has said. ECGC is
an export credit agency (ECA) wholly owned by the Reserve Bank of Zimbabwe
(RBZ). It is mandated with the promotion of the country’s export trade
through the provision of financial services that address the needs of this
sector. <http://www.bulls.co.zw/> Read more »

 <mailto:info at bulls.co.zw> 

Zimra says to reform tax collection processes

THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax
processes as part of measures to improve collections and expand the tax
base. While collections have improved in the first half of the year in
comparison to last year, the agency has struggled to meet the cash demands
of the government, whose entire budget is funded from tax revenue. Zimra
raised $2,3 billion in the first half of the year, but according to official
figures, the government ran a budget deficit of $1,4 billion over the same
period.   <http://www.bulls.co.zw/> Read more »

NTS boasts improved market share

NATIONAL Tyres Services (NTS), a retailer of new tyres and tubes, is
battling the influx of smuggled tyres, new and used, which have claimed part
of its market share. NTS operates 13 retail outlets throughout the country.
In this article, NTS managing director Kennedy Mandevani (KM) shares some
insights into the business with NewsDay business reporter Fidelity Mhlanga
(ND).  <http://www.bulls.co.zw/> Read more »

SA restaurant chain to expand footprint in Zim

SOUTH AFRICAN fast-food giant Barcelos will invest $1,5 million and open an
additional four outlets in Zimbabwe over the next 12 months, according to an
official. After opening a 100-seat restaurant in Bulawayo on Monday this
week at a cost of $250 000, Barcelos — which operates 80 outlets in South
Africa — plans to open four more in the country within a year. The fast-food
chain has about 120 outlets globally, with a footprint in Dubai, Saudi
Arabia, Botswana, Namibia, Turkey Egypt, Pakistan, India, Maldives,
Mauritius, Sudan, Canada, Jordan, Mozambique and Iran.
<http://www.bulls.co.zw/> Read more »

Council of Tourism refocuses   

THE Zimbabwe Council of Tourism (ZCT) has re-branded and morphed into the
Tourism Business Council of Zimbabwe (TBCZ) a move that is expected to see
the Travel and Tourism representative board broadening its scope and grow
the tourism industry. The ZCT was formed in 1988, with the objective of
championing interests of tourism players through the creation of an
environment in which it is possible for operators to maintain and grow their
businesses for the benefit of the economy. In a statement to the media after
commemorating 30 years of existence, TBCZ president Mr Tich Hwingwiri said
the change and re-branding was key as the organisation seeks to refocus and
gear for challenges of the next 30 years.  <http://www.bulls.co.zw/> Read
more »

Anti-corruption body to probe commercial fraud   

The Zimbabwe Anti-Corruption  Commission (ZACC) yesterday announced plans to
investigate commercial  crimes such as cash hoarding by corporates as it is
now capacitated to conduct investigations countrywide.  Previously, ZACC was
only conducting investigations in the capital and could not open offices
outside Harare or recruit staff, owing to lack of  financial resources. ZACC
commissioner in charge of investigations Goodson Nguni told  journalists
that the new Government had shown commitment to weed out  corruption. “We
are in the process of setting up a special team to investigate  commercial
fraud. The team is going to look at major issues where people  have been
sabotaging the economy, for example there are many companies  that are not
paying income tax, it is fraud under the Income Tax Act.
<http://www.bulls.co.zw/> Read more »

Water woes stall Steel Makers’ re-opening   

The prevailing water crisis in Masvingo City has stalled the re-opening of
Steel Makers Company, popularly known as Simbi Pvt Ltd. Masvingo City has
been battling 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. The re-opening of the company is set to earn the country about
$1 million in sponge steel exports per annum once operations are resumed.
<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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