Bulls n Bears Investors Notebook Issue 176:25 September 2018

Tue Sep 25 08:07:38 CAT 2018

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Bulls n Bears Investors Notebook Issue 176:25 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

Govt urged to award tenders to informal traders

GOVERNMENT should give tenders for the production of certain goods to
informal traders as a way of supporting them and creating jobs, Harare
Informal Traders Council project manager Agnes Magunje said. Speaking at an
Alpha Media Holdings (AMH) conversations titled Vendors: Is there a solution
in sight?, Magunje yesterday said by buying goods from vendors and informal
traders, government would go a long way in formalising their trade.
<http://www.bulls.co.zw/> Read more >

ZB in talks for $30m line of credit

ZB Financial Holdings (ZBFH) is in talks with a regional bank for a $30
million line of credit, which will enable ZB Bank, its commercial banking
subsidiary, to support international transactions. The bank has also raised
more than $80 million towards the second phase of a $1 billion Emergency
Road Rehabilitation Fund. ZBFH chief executive officer Ron Mutandagayi
confirmed these developments in an interview with NewsDay.
<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

Tours planned to revive business relations with US

Local think-tank, CEO Africa Round Table, says it will be touring the United
States to revive company-to-company business relations with the world's
largest economy. The US imposed economic sanctions on Zimbabwe in 2002
through the Zimbabwe Democracy and Economic Recovery Act (Zidera), in terms
of which US Presidents have passed and extended executive orders that
provide for the imposition of financial and other restrictions on designated
entities and individuals linked to the State. Chief executive officer Kipson
Gundani, in an interview with NewsDay, revealed that US investors had
expressed interest in doing business with "legitimate companies" in Zimbabwe
in spite of sanctions imposed on the country by the US.
<http://www.bulls.co.zw/> Read more >

Entrepreneurial participation of youths key to sustainable tourism

Patron of the Zimbabwe Youth in Tourism, First Lady Auxilia Mnangagwa, has
called for the greater entrepreneurial participation of youths and women in
the tourism sector to drive its growth. Tourism has become part of
sustainable development goals of many nations across the globe. In a speech
read on her behalf by Information, Publicity and Broadcasting Services
minister, Monica Mutsvangwa at the African Youth in Tourism conference held
in Bulawayo last week, Mnangagwa said youth and women participation was key
to tourism development.  <http://www.bulls.co.zw/> Read more >

Q2 egg production tumbles 12%

ZIMBABWE'S egg production tumbled by 12% to nine million eggs in the second
quarter of 2018 as output by large-scale producers fell, according to a
second quarter performance report by the Zimbabwe Poultry Association. In
the report, chairperson Solomon Zawe revealed that the total egg production
in the second quarter of the year was nine million dozens, 12% down from the
10,2 million recorded in the same period last year. Output by large-scale
producers dropped 35% to 3,3 million compared to previous period, while
small-scale egg production increased by 25%.  <http://www.bulls.co.zw/> Read
more >

Zim courts US investors   

President Mnangagwa says foreign direct investment will play a key role in
Zimbabwe's quest for middle income status by 2030 and Harare will accelerate
the pace of its robust global re-engagement to attract FDI, including
resolving a decades old diplomatic standoff with the United States. He made
a special plea for investors from the US to explore the array of investment
opportunities in the Southern African country, which is seeking a fresh
start by charting a different but progressive path for sustainable economic
growth after nearly two decades in the doldrums. Addressing delegates during
the Zimbabwe Investor Forum in New York at the Weekend, President Mnangagwa
said the forum provided an opportunity for his administration to interact
with business people from the US to explain investment prospects and
opportunities in the country.  <http://www.bulls.co.zw/> Read more >

Pre-owned car imports surge 40pc   

The Zimbabwe Revenue Authority (Zimra) has recorded a 40,9 percent increase
in imports of pre-owned vehicles at Beitbridge border post in the last eight
months, it has emerged. Officials statistics from Zimra indicate that the
parastatals is collecting $8,5 million from vehicle imports at the country's
and Sadc's busiest inland port of entry monthly. Zimra's acting head of
communications Mr Taungana Ndoro said yesterday they were processing an
average of 205 imports of second-hand vehicles at Beitbridge alone daily.
These, he said included those cleared under the returning residents rebate
facility (Immigrant Rebate).  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Property sector struggles with high rent defaults   

The country's property market in the first half of the year was
characterised by high rent default levels and also low absorption rates of
rental space, despite the improving general business confidence, a listed
company in the sector has said. According to a statement which accompanied
its financial results for the half year ended June 30, 2018, First Mutual
Property (FMP) said the inherent problems of low productivity in the
productive sectors, inadequate infrastructure, changing structure of the
economy and tenant preferences, continued to affect CBD office and
industrial sectors, as these sectors continue to have low demand for rental
space.  <http://www.bulls.co.zw/> Read more >

Bitumen World extends helping hand to Harare   

Bitumen World says it has undertaken additional works to improve
environmental aesthetics around the traffic circle at the intersection of
Harare Road, Gaydon Road and Rolf Avenue at no added cost to the client,
City of Harare. The Traffic Circle is a product of the contract between
client, Harare City Council and contractor, Bitumen World, funded by
Zimbabwe National Roads Association (Zinara), agreed to in February this
year. The scope of the initial project was to rehabilitate Harare Drive
between Borrowdale and Drew roads, a total of 4,5 kilometres, by
strengthening and widening the road to a full 10metres.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

SDA to construct $4m community centre   

Adventist Services Industry (North Zimbabwe Conference) plans to build a
$3,9 million office and community centre in Sandton Park, Mount Hampden. The
centre will house offices and an incubation hub for community impact
projects. It will entail activities like the training of livelihood and
lifestyle matters including community health issues. This could be one of
the major infrastructure projects to have been started in the Mt Hampden
area that has been earmarked for a new city.  <http://www.bulls.co.zw/> Read
more >

Zimparks extends Vic Falls viewing time   

The Zimbabwe Parks and Wildlife Management Authority (Zimparks), has
extended cut off time to view the Victoria Falls from 7pm to 10pm and also
introduced a coterie of activities as it moves to capitalise on the
anticipated boom in tourism receipts. The Victoria Falls also known as the
Mosi-oa-Tunya is classified as one of the world's seven natural wonders
according the World Heritage Centre. Victoria Falls is the country's major
tourist attraction accounting for the largest chunk for both the tourist
receipts and arrivals.  <http://www.bulls.co.zw/> Read more >

Craft in $1,8bn solar partnership   

Local property firm, Craft Properties Private Limited, has entered into
partnership with a United States investor for $1,8 billion solar projects to
be implemented across the country. On completion, the projects - anticipated
to commence early next year - should add 900MW to the national grid. The
implementation of the projects will be done in conjunction with the
regulator Zimbabwe Energy Regulatory Authority (Zera).
<http://www.bulls.co.zw/> Read more >

ED offers Trump Vic Falls golf course

PRESIDENT Emmerson Mnangagwa yesterday disclosed that he dangled an offer of
land in the picturesque Victoria Falls to United States President Donald
Trump to build a golf course. Mnangagwa, who is in the US for the United
Nations General Assembly, revealed his offer to Trump at the Zimbabwe's
Investors Forum held in New York yesterday. Mnangagwa urged the American
business community to support Zimbabwe's rebirth in areas such as
agriculture, mining, infrastructural development, tourism, ICT among others.
<http://www.bulls.co.zw/> Read more >

Per capita income rises 60 percent   

President Mnangagwa's vision of making Zimbabwe an upper middle-income
economy by 2030 is on track, if the upward trajectory in per capita income
is anything to go by. On Sunday, the President revealed that per capita
income in the country has increased in the eight months since he first
assumed office, from $900 to $1 500. Addressing the Zimbabwean Diaspora in
the United States in an interaction with them here on Sunday, the President
said the country was moving in the right direction, and enjoined all
citizens - at home and abroad - to work together in unity, peace and love to
grow the economy and improve livelihoods.  <http://www.bulls.co.zw/> Read
more >

Is the Zimbabwean Central Bank Finally Warming Up To Cryptocurrencies?

In a surprising turn of events, it seems the RBZ is finally warming up to
cryptos.  It took the President appointing a new Minister of Finance and
said Minister of Finance stating his affinity for cryptos, but here we are.
Mangudya was one of the officials who recently travelled to the US and
during a Bloomberg interview he was asked "What role do you think the
cryptocurrency could have at the central bank?" to which he replied: Ah! I'm
on record of saying that Zimbabwe is not new to cryptocurrencies. Basically,
it's an electronic dollar. electronic money. Our RTGS' that we have got in
Zimbabwe are basically electronic money, which is akin or similar to a
cryptocurrencies so we are only using those as a nature but otherwise we are
studying them as the central bank.  <http://www.bulls.co.zw/> Read more >

Fuel situation improves

THE fuel supply situation in Bulawayo has normalised after Government last
week disbursed $20 million towards the importation of the petroleum product.
On Friday, Energy and Power Development Minister Dr Joram Gumbo said the
Reserve Bank of Zimbabwe had disbursed $20 million to Government to
facilitate fuel importation to ease the supply gap. The intermittent fuel
shortage that was experienced across the country last week resulted in the
resurfacing of long queues at filling stations. A snap survey by this paper
in Bulawayo's Central Business District yesterday revealed there were no
more queues at service stations.  <http://www.bulls.co.zw/> Read more > 

INVESTORS DIARY 2018

Company

Event

Venue

Date & Time

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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