Bulls n Bears Investors Notebook Issue 167:12 September 2018

Wed Sep 12 07:56:06 CAT 2018

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Bulls n Bears Investors Notebook Issue 167:12 September 2018

 <http://www.nicozdiamond.co.zw/> 

Bulls 'n Bears Investors Diary: Today's Events

Masimba Holdings

interims and analysts briefing

Boardroom, 44 Tilbury Road, Willowvale

12/09/2018 12PM

First Mutual Properties

interims and analysts briefing

Royal Harare Golf Club

12/09/2018 1400hrs

First Mutual Holdings

interims and analysts briefing

Royal Harare Golf Club

12/09/2018 1500hrs

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

Imports rise 26%, forex pressures worsen

ZIMBABWE'S import bill rose 26% in the six months to July 31 this year,
driven by firming demand for fuel and food. Data for January is missing. The
growing import.
<http://www.bulls.co.zw/2018/09/12/imports-rise-26-forex-pressures-worsen/>
Read more >

Metbank to focus on mortgage financing, e-banking

METBANK says it will focus its lending business on mortgage financing and
commercial banking products that promote financial inclusion under a
strategic plan that will determine the direction of the.
<http://www.bulls.co.zw/2018/09/12/metbank-to-focus-on-mortgage-financing-e-
banking/> Read more >

 <http://www.firstmutualproperties.co.zw/> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

Zim gets new IMF representative

THE International Monetary Fund has a new resident representative in
Zimbabwe, Patrick Amir Imam. Mr Imam, who prior to his posting to Zimbabwe
was IMF representative for Madagascar, takes over.
<http://www.bulls.co.zw/2018/09/05/nmb-bank-net-profit-surges-broadens-targe
t-market/> Read more > 

Govt rules out bread shortages

Government has ruled out the possibility of bread shortages in the country
as mechanisms have been put in place to import wheat in the short-term.
Further, Government wants to boost.
<http://www.bulls.co.zw/2018/09/12/govt-rules-out-bread-shortages/> Read
more > 

Using informal markets to shape a developing country's knowledge agenda

THE world over, many resources are spent on conferences, agricultural shows
and summits, like the recent Forum on China-Africa Cooperation held in the
first week of September 2018 in China..
<http://www.bulls.co.zw/2018/09/12/using-informal-markets-to-shape-a-develop
ing-countrys-knowledge-agenda/> Read more >

GMB receives 900k tonnes of maize

The Grain Marketing Board (GMB) has received 896 273 tonnes of maize and 21
750 tonnes of small grains as the parastatal has come up with measures to
ensure smooth.
<http://www.bulls.co.zw/2018/09/12/gmb-receives-900k-tonnes-of-maize/> Read
more >

Prospect Lithium secures $10m export facility

AUSTRALIA Stock Exchange (ASX) listed Prospect Resources, says its
Zimbabwean unit, Prospect Lithium Zimbabwe, has secured $10 million export
finance facility from the Reserve Bank through CBZ Bank Limited. The.
<http://www.bulls.co.zw/2018/09/12/prospect-lithium-secures-10m-export-facil
ity/> Read more >

 <mailto:info at bulls.co.zw> 

Mtsambiwa appointed Tongaat Hulett CEO

Johannesburg Stock Exchange-listed sugar producers Tongaat Hulett Limited,
has appointed Zimbabwean Sydney Mtsambiwa as its interim chief executive
officer. This follows the pending retirement of current CEO Peter Staude at.
<http://www.bulls.co.zw/2018/09/12/mtsambiwa-appointed-tongaat-hulett-ceo/>
Read more >

The impacts of Credit Card Debt on the Economy

Consumer spending is the main driver of economic growth and citizens
sometimes borrow to spend. While debt isn't a bad thing, the economy becomes
unsustainable if people are burdened with.
<http://www.bulls.co.zw/2018/09/12/the-impacts-of-credit-card-debt-on-the-ec
onomy/> Read more >

 <mailto:info at bulls.co.zw> 

Petrotrade in $3,75m tax profit

State petroleum company, Petrotrade has - for the third year running
declared a dividend to Government after registering an after tax profit of
$3,75 million for the year ended December.
<http://www.bulls.co.zw/2018/09/12/petrotrade-in-375m-tax-profit/> 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

Masimba Holdings

interims and analysts briefing

Boardroom, 44 Tilbury Road, Willowvale

12/09/2018 12PM

First Mutual Properties

interims and analysts briefing

Royal Harare Golf Club

12/09/2018 1400hrs

First Mutual Holdings

interims and analysts briefing

Royal Harare Golf Club

12/09/2018 1500hrs

Hippo

AGM

Meikles

26/09/2018 12PM

Bindura

AGM

Chapman Golf Club, Eastlea

27/09/2018 9AM

CBZH

interim dividend of 0.5c per share record date

28/09/2018

Hippo

final dividend of 2c per share record date

28/09/2018

Star Africa

AGM

45 Douglas Road, Workington

28/09/2018 11AM

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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