Bulls n Bears Investors Notebook Issue 176:27 September 2018

Thu Sep 27 09:34:12 CAT 2018

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Bulls n Bears Investors Notebook Issue 176:27 September 2018

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

Bulls 'n Bears Investors Diary: Today's Events

Bindura

AGM

Chapman Golf Club, Eastlea

27/09/2018 9AM

Quotable Quote:

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

Mohadi meets industry leaders   

ACTING President Kembo Mohadi will get full appreciation of issues besetting
local industry when he meets industrial leaders during their annual congress
underway in Bulawayo seeking to come up with interventions to rejuvenate one
of the key sectors expected to drive economic recovery and growth in
Zimbabwe. The Acting President, who is also expected to provide policy
intervention to the challenges facing the manufacturing sector, is scheduled
to address over 200 delegates attending the Confederation of Zimbabwe
Industries (CZI) three-day annual conference, which began yesterday, the
first since the new dispensation.   <http://www.bulls.co.zw/> Read more >

India seeks slice of Zim investment

INDIA has expressed readiness to do business with Zimbabwe and its
corporates yesterday pledged to invest and partner local companies in
different sectors of the economy. A 20-member business delegation from India
is in Bulawayo attending the on-going Confederation of Zimbabwe Industries
(CZI) annual congress and international investment forum, taking advantage
of the drive by the new Government to transform the economy under the
"Zimbabwe is open for business" mantra. The three-day business event, which
is running under the theme, "From Dialogue to Implementation-It's Time to
Act," began yesterday. In separate presentations at the forum,
representatives of different companies from India expressed willingness to
invest in various sectors of the country's economy.
<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

Simbisa's profits surge 139% in FY2018

SIMBISA Brands Limited (Simbisa), a public-listed company that owns,
operates, and franchises quick service restaurants in Africa, has reported a
more than double growth in net income in the full-year period to June 30,
2018, driven by "higher revenue streams and improved operating
efficiencies". In Zimbabwe, where it is listed, the company operates quick
service restaurant brands such as Chicken Inn, Bakers Inn, Pizza Inn,
Nandos, Steers and Creamy Inn. The company has postponed its secondary
listing on the London Stock Exchange's Alternative Investment Market.
<http://www.bulls.co.zw/> Read more >

No quick fix to currency crisis: Mangudya

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the currency
crisis in the country may drag for three to five years, roughly estimating
the time it could take to correct the economic and financial imbalances
driving the fragilities.  The central bank chief said this in New York City,
United States, last Friday while responding to questions from Bloomberg, a
financial, software, data and media company based in that country, on the
sidelines of an investor conference.  <http://www.bulls.co.zw/> Read more >

Zimbabwe embraces EMV Technology to curb card-cloning   

PLAYERS in the financial sector in Zimbabwe that issue debit and credit
cards will soon be making a transition from magnetic stripe cards
(magstripe) to EMV technology to curb cloning of bank cards and related
frauds which have been on the rise in the country. EMV stands for Europay,
Mastercard and Visa and is a global standard for cards equipped with
computer chips and the technology used to authenticate chip-card
transactions.  <http://www.bulls.co.zw/> Read more >

Econet set to launch loyalty programme

Econet Wireless Zimbabwe has confirmed that it has developed a loyalty
programme designed to reward customer usage of its wide product portfolio.
"Yes, we are in the final stages of piloting our loyalty programme, which
will be formally launched soon," Econet's Media and Communication Executive
Fungai Mandiveyi said. He said the programme used a "digital pass" or ID to
identify the loyalty club members, and the pass grants a member access to a
rich array of benefits from a an wide network of loyalty club partners.
<http://www.bulls.co.zw/> Read more >

International airlines raise red flag over funds   

INTERNATIONAL airlines operating in Zimbabwe are reportedly contemplating
cancelling their routes after failing to recover a cumulative more than $130
million repatriation funds they are owed by the country. International
agreements and treaty obligations compel airlines to repatriate revenues
from ticket sales and other activities from countries of their operation to
their home countries.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

AfDB begins to secure $4bn for Batoka development   

THE African Development Bank (AfDB) has begun implementation of a resource
mobilisation plan to secure an estimated $4 billion for the development of
the 2 400 megawatts Batoka Gorge Hydro Electricity project. The
infrastructure project is being done jointly by Zimbabwe and Zambia with
electricity generated to be shared equally by the two countries. Engineering
and legal assessments for the project were carried out in 2016, but there
have been delays in implementation.  <http://www.bulls.co.zw/> Read more >

Proplastics basks in good business   

PLASTIC pipes and fittings manufacturer, Proplastics Limited, recorded a
strong performance in the first six months of 2018 with a 70 percent jump in
revenue from $6,3 million to $10,8 million when compared to the same period
last year. During the period, the company's profit clocked $1,2 million from
$352 000. Sales volumes also surged and chief executive officer, Mr
Kudakwashe Chigiya, attributed the trend to growing domestic demand
following import control measures by Government.  <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

$10m plant for tailings project to start soon   

CONSTRUCTION of a $10 million concentrate plant at Kamativi in Matabeleland
North is expected to start soon after a mineral resource statement
established that the Kamativi Tailings Lithium has a resource base amounting
to 26,3 million tonnes. In March this year, Jimbata, a wholly-owned
subsidiary of Zimbabwe Lithium Company commenced an evaluation exercise that
entailed drilling holes to depths of 1 500 metres as well as sampling to
determine the lithium resource in the tailings dumps at the former tin mine
at Kamativi.  <http://www.bulls.co.zw/> Read more >

Retirement planning ensures old age is enjoyed

Most people see life insurance primarily as a way to protect families in the
event of the early loss of a bread winner during his or her working years.
However,.
<http://www.bulls.co.zw/2018/09/26/retirement-planning-ensures-old-age-is-en
joyed/> 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

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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