Bulls n Bears Investors Notebook Issue 167:11 September 2018

Tue Sep 11 09:17:28 CAT 2018

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Bulls n Bears Investors Notebook Issue 167:11 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

Sable Chemicals warns of fertiliser crisis

SABLE Chemicals Industries (Sable), Zimbabwe's only manufacturer of ammonium
nitrate (AN), says it will only be able to meet just about 38% of national
demand this year. AN is a top-dressing fertiliser used to boost yields. In
an email interview with NewsDay, the agro-chemicals company disclosed that
capacity utilisation had fallen to an unsustainable level due to foreign
currency shortages for the importation of ammonia gas, a critical input,
from South Africa. At full capacity, the company produces 240 000 tonnes of
nitrogenous fertiliser which, in the 1990s, was all absorbed by the domestic
market. Sable marketing manager Philip Mathemera said current central bank
monthly forex allocations to the company were about $425 000, almost seven
times less than its monthly requirement.  <http://www.bulls.co.zw/> Read
more >

Building an effective public service in Zimbabwe

PUBLIC financial resources ought to be managed with integrity, transparency
and accountability, all for efficient and effective service delivery,
sustainable economic growth and development. Above all, the "value for
money" principle should be a guiding force, underpinned by appropriate
policies and choice of the most cost-effective interventions, which should
be implemented efficiently. At the level of the citizen, the impact of
public financial resource management is felt through the quality of service
delivery. Effective service delivery .  <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

Safeguard introduces attractive steel sectional garage doors

Safeguard Security has introduced to the Zimbabwean market steel fluted
sectional garage doors, which are not only secure but aesthetically pleasing
to look at.  The doors, which can meet any specification, can be used for a
garage at home or at commercial premises. They can be operated manually or
be installed with a motor for automated operation. "They are top quality
good reliable doors," said Safeguard Security chief executive Andrew Mallon.
"The garage doors are made up of hinged sectional panels which facilitate
easy operation. They slide up and back in sections into the space below the
garage ceiling. .
<http://www.bulls.co.zw/2018/09/05/nmb-bank-net-profit-surges-broadens-targe
t-market/> Read more > >

New Treasury chief eyes urgent reforms   

Newly appointed Finance and Economic Planning Minister Mthuli Ncube, has
pledged extensive economic reform measures expected to begin with scrapping
of Zimbabwe's surrogate currency, bond notes and reining in Government
spending to restore macro-economic stability and sustainable growth.
Minister Ncube, a professor of economics and finance, said he already had
plans and a vision of what reform measures the wobbly economy required and
that the 2018 Mid-Term Monetary Policy to be presented by the Reserve Bank
later this month will carry part of his immediate currency reform
initiatives. He made the remarks in an interview with journalists in Harare
after the swearing-in ceremony for President Mnangagwa's newly appointed
20-member Cabinet at State House yesterday. <http://www.bulls.co.zw/> Read
more >

Business endorses new Cabinet   

ZIMBABWE's largest business representative bodies, the Confederation of
Zimbabwe Industries (CZI) and Zimbabwe National Chamber of Commerce (ZNCC),
have endorsed President Mnangagwa's newly appointed Cabinet, and pledged
private sector collaboration to propel the industrialisation agenda. The
president has appointed a leaner 20-member Cabinet blending youth,
experience and technical expertise, as he seeks to institute widespread
reforms that will drive sustainable economic recovery and growth. CZI
president Sifelani Jabangwe, said the Ministry of Industry and Commerce and
others with direct impact on industry such as the finance and economic
planning, energy and power and foreign affairs had all been placed in
capable hands that should see positive effect on industrialisation and the
economy. New Cabinet Ministers were sworn in yesterday after their
appointment by President Mnangagwa.   <http://www.bulls.co.zw/> Read more >

Buyanga to bring wealth to Zim   

South Africa-based Zimbabwean businessman Frank Buyanga, yesterday said his
main focus was to bring wealth into the country as it was possible to make
Zimbabwe the wealthiest per capita state in the world. In an interview, Mr
Buyanga said he will continue striving to assist and help so that the
country's economy grows especially during this new dispensation. "My focus
and key strategy is to bring wealth to Zimbabwe. It is possible to make
Zimbabwe the wealthiest per-capita state in the world, with the right
policies and strategies. "The new Zimbabwe that's taking shape right now is
a democracy and I believe that's what will shape its global reputation as a
safe state, which is the first step of attracting the kind of investment the
country needs to really get going. As long as the judiciary, the military
and the executive don't get in the way of each other, the rights and
interests of all citizens will be upheld," he said.
<http://www.bulls.co.zw/> Read more >

Govt engages Metallon   

GOVERNMENT is engaging the country's largest gold producer Metallon
Corporation with a view to finding a lasting solution to the miner's
problems which has seen it placing hundreds of workers on retrenchment
notice. The London Stock Exchange listed miner which has a firm footprint in
Zimbabwe through How Mine, Mazowe Mine, Shamva Mine and Redwing Mine last
week placed Mazowe Mine under care and maintenance and consequently handed
notices of employment termination to hundreds of its employees. The firm's
troubles have gotten Government worried and authorities are keen to see the
company that holds the largest chunk of the country's gold resource not only
returning to its previous production levels but operating at 100 percent.
The engagements, according to Mines and Mining Development Minister Winston
Chitando, are also important in light of Government's quest to grow the
country's gold production from just over 24, 8 tonnes in 2017 to 100 tonnes
annually.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Industry minister outlines plans   

New Minister of Industry and Commerce, Mr Mangaliso Ndlovu, plans to
introduce a raft of measures including a "robust" industrialisation policy
and removing bottlenecks so as to attract more investors. Minister Ndlovu
said this yesterday in an exclusive interview with The Herald Business
immediately after taking the oath of office at State House in Harare. His
sentiments dovetail with President Emmerson Mnangagwa's aspirations of
transforming the living standards of citizens and providing them with
"decent jobs" to create a middle income economy by 2030. Middle income
economies have a gross national income per capita of between $1 026 to $12
475, according to the World Bank. <http://www.bulls.co.zw/> Read more >

Chitando return excites Zvishavane miners   

The Zvishavane - Mberengwa Miners Association (ZMMA), a grouping of 204
small-scale miners, says the re-appointment of Mines and Mining Development
Minister Winston Chitando is expected to transform the country's mining
sector. Minister Chitando, who was re-appointed by President Emmerson
Mnangagwa last Friday when he announced his new Cabinet and took oath of
office with the rest of ministers yesterday, is a former executive chairman
for Mimosa Mine. Mimosa mines platinum in Zvishavane. Chairperson for the
ZMMA Thembinkosi Sibanda, told The Herald Business last week that the return
of Minister Chitando, should see the growth of the mining sector given his
vast experience. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

'Insurance industry must embrace technology'   

The insurance industry must embrace technology, block-chain in particular,
in order to deal with the problem of low insurance and pension's
penetration, a senior official with the Insurance and Pensions Commission
said. Mrs Lynn Mukonoweshuro, chairman of the IPEC board, at a breakfast
presentation on blockchain technology recently, said financial inclusion,
including insurance penetration, cannot be wholly attained with the current
methods of insurance delivery, which rely solely on the use of brokers and
agents. "It is time that we harness technology to develop products that are
tailored to the needs of the digital customer, which is where our
demographic patterns are pointing to. "In this regard, I wish to challenge
the market to pioneer in adopting blockchain technology to attain universal
access to insurance and pensions through harnessing the power of
technology," said Mrs Mukonoweshuro.

 <http://www.bulls.co.zw/> Read more >

Brainworks confident about economy   

One of the country's top players in property and tourism sectors, Brainworks
Capital, believes the firm is poised to benefit from various infrastructure
projects that are taking place in the country as President Mnangagwa's
Government prioritises economic development and growth. Brainworks Capital,
which is listed on the Johannesburg Stock Exchange, owns hospitality concern
African Sun, and hotel property owner Dawn Properties. "Various
infrastructure projects across the country, including the Robert Gabriel
Mugabe International Airport upgrade, Beitbridge to Chirundu road
rehabilitation and Beitbridge border post development present opportunities
which the group is set to benefit from," said Brainworks. The company,
through its subsidiary, is already seeing the benefits of President
Mnangagwa's policies with its results for the half year ended June 30, 2018,
showing a 28 percent growth in revenue to $31 million relative to $24
million achieved during the 2017 comparable period.
<http://www.bulls.co.zw/> Read more >

Takunda Chingonzoh Named As One Of The 100 Most Influential Young Africans
For 2018

Founder of Tech Village Zimbabwe and Eden Research Takunda Chingonzoh has
been named as one of the 100 Most Influential Young Africans for 2018. The
list which was compiled by the African Youth Awards also includes other
notable personalities such as Uganda's Robert Kyagulanyi Ssentamu (Bobi
Wine), Togo's Farida Bemba Nabourema, Egypt's Mohamed Salah, Nigeria's
Davido, Guinea's ABD Traore, Kenya's Xtian Dela, South Africa's Cassper
Nyovest and Tanzania's Alikiba. Chingonzoh attracted media attention when in
2014, he told then United States President Barack Obama that the US'
targeted sanctions were hurting ordinary people and technology startups in
Zimbabwe in a rare one on one interview.  In the same year, his startup,
Saisai, was selected to represent Zimbabwe at DEMO Africa in Nigeria where
the team walked away with the SWELL Award for innovation. In 2015, he graced
the cover of Forbes Africa after he was named as one of Forbes' 30 under 30
list.  <http://www.bulls.co.zw/> Read more >

IPC to implement Commission of Inquiry recommendations

HARARE - The Insurance and Pensions Commission says it is ready to spearhead
implementation of the recommendations made by the Commission of Inquiry into
the conversion of insurance and pension values from the Zimbabwean dollar to
the multicurrency regime once it gets the go- ahead from Government. The
Commission of Inquiry Report was gazetted in March this year with
recommendations among them that policyholders and pensioners who were
prejudiced should be compensated. In an interview on the sidelines of the
Midlands Agricultural Show in Gweru recently, IPEC acting Public Relations
Manager, Mr Lloyd Gumbo said the Commission awaited Government direction on
implementation of the Commission of Inquiry recommendations.
<http://www.bulls.co.zw/> Read more >

Govt supports Bio fortification of crops: Shiri

HARARE - Government is in support of production of high nutrition crops
(bio-fortified) crops particularly the high iron bean as this promotes food
and nutrition security and presents business and income generation
opportunities especially for women and youths. Bio fortification is the
process of breeding crops to increase their nutritional value. Lands,
Agriculture and Rural Resettlement Minister Perrance Shiri revealed this at
the launch of the Technologies for African Agricultural Transformation High
Iron bean (HIB) project tilted "Promoting High Iron Beans in Zimbabwe".
<http://www.bulls.co.zw/> Read more >

To zero-rate, or not to zero-rate: why the VAT debate is more complex than
it appears

The one percentage point increase in South Africa's Value Added Tax (VAT)
rate, which was implemented in April this year, has raised important
questions about how the tax system can and should address inequality. In
response to the increase, Nhlanhla Nene, the minister of finance, appointed
an expert panel to look into ways that zero rating can better tackle
inequality. The panel made recommendations about additional items which
should be zero rated. It's important that the recommendations of the panel
be considered within the framework of a larger conversation about tax policy
in South Africa. This is particularly true because the tax system is key to
addressing the extremely high levels of inequality in South Africa.
<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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