Bulls n Bears Investors Notebook Issue 224: 04 April 2019

Thu Apr 4 11:23:35 CAT 2019

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Bulls n Bears Investors Notebook Issue 224: 04 April 2019

 <mailto:zitfmktg at zitf.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Trade fair preparations gather momentum   

More than 90 percent of the available exhibition space at this year's
Zimbabwe International Trade Fair (ZITF) has been taken up with 12 foreign
nations having so far confirmed participation at the prime trade showcase.
Addressing journalists during a Press conference at the Zimbabwe
International Exhibition Centre in Bulawayo yesterday, Industry and Commerce
Minister Mangaliso Nqobizitha Ndlovu said preparations for the upcoming
event to be held from April 23 to 27 under the theme, "Propagating
Industrial Growth through Trade and Investment," have gathered momentum.
Preparations for the 60th edition of the ZITF are gaining momentum and the
ZITF Company is optimistic it will be a successful show," he said.
<http://www.bulls.co.zw/> Read more >

Zimbabwe on top again. . .Among 10 most sought-after destinations for
UK-based tourists   

INTERNATIONAL holiday rental search engine, HomeToGo, has named Zimbabwe
among the top 10 trending destinations for United Kingdom-based tourists.
Due to its irresistible tourist attractiveness, the country has been ranked
number six out of the 10 best places to visit. The search engine said the
destinations were chosen based on the year-on-year increases in searches in
January 2019 compared to January 2018.  <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

$600 minimum pay for civil servants   

Government has announced a $400 million cost of living adjustment package
for civil servants with effect from April 1, 2019 that will see the
least-paid employee taking home over $600 as it moves to cushion its workers
from the obtaining economic challenges. The salary increases will range from
13 percent to 29 percent, depending on grades. This will be effected from
deputy director level in Government ministries to the lowest income earner,
who in this case will get the highest increment of 29 percent.
<http://www.bulls.co.zw/> Read more >

'Devolution unlocks value of natural endowments'   

TRADE development and promotion body, ZimTrade has called for the immediate
implementation of devolution citing a plethora of economic benefits that
could emanate from the process. Devolution is a statutory decentralisation
or delegation of decision making to lower levels of government which
includes, provincial and district authorities. From an economic dimension it
encompasses fiscal, investment, trade and administrative issues among
others. According to ZimTrade, devolution unlocks the value of natural
endowments and enhances the ease of doing export business since it provides
an alternative to geographical centralisation of permit and license issuing
offices which normally cause delays and increased costs of doing business.
<http://www.bulls.co.zw/> Read more >

Public procurement should follow the law to the letter   

The Procurement Regulatory Authority of Zimbabwe will from this month,
publish a weekly column entitled Public Procurement Matters to provide
clarification on public procurement related matters. It is Public
Procurement Matters in that it discusses issues relating to trade with the
public sector. Public procurement matters in that when done well, the
general public is assured of efficient and effective public services.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Liquid Telecom receives US$180 million   

Liquid Telecom has completed the US$180 million sale of an 8 percent stake
to the British government Sovereign Wealth Fund for developing countries
known as Commonwealth Development Corporation (CDC). The company said in a
statement through the Irish Stock Exchange that all conditions precedent to
a deal that was announced in December 2018 had been met, and it has now
received all the money.  <http://www.bulls.co.zw/> Read more >

Vic Falls fees unchanged   

The Zimbabwe Parks and Wildlife Management Authority (Zimparks) has
dismissed speculation that it has effected or is planning an upward review
for access fees into the Victoria Falls rain forest. This comes in the wake
of speculation from some sections who were peddling the view that Zimparks
would multiply the RTGS$7 fee with the prevailing interbank exchange rate
following monetary authorities' discarding of the "1:1" exchange rate in the
2019 Monetary Policy Statement.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

RTGS$30m kitty for distressed firms   

GOVERNMENT has allocated RTGS$30 million to the Industrial Development
Corporation of Zimbabwe (IDCZ) for extension to distressed companies. This
was said by Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu on
Monday during his meeting with business member organisations (BMOs) and IDCZ
officials in Harare. Minister Ndlovu said the sanctions imposed by the
United States and its Western allies since the turn of the millennium, have
adversely impacted on the operations of many local companies, resulting in
untold job losses.  <http://www.bulls.co.zw/> Read more >

Merchants to recover 30pc of tobacco loans   

The Reserve Bank of Zimbabwe says merchants who used offshore funds to
support tobacco production are required to use a split ratio of 70 percent
US dollar and 30 percent RTGS$ when recovering loans extended to farmers.
This policy position is contained in an exchange control directive, circular
number of 2019 issued by the central bank, dated March 27, 2019. The
circular also contains several other directives on the treatment of foreign
currency in the country.  <http://www.bulls.co.zw/> Read more >

AVM set for revival   

Zimbabwe's oldest conventional bus manufacturing company, AVM Africa (Pvt)
Ltd, is poised for a major boom after signing a partnership deal with
Sino-Zim concern, City Card (Pvt) Ltd. With a workforce of up to 2 500 at
its peak, AVM Africa used to produce 40 buses per month some of which were
exported to other African countries such as Zambia and Uganda before its
fortunes took a severe knock at the turn of the millennium. Its plant in
Msasa, Harare, has the capacity to produce city, intercity and country buses
powered by drive-lines like DAF, Scania, Mercedes Benz, Volvo, Iveco among
other engine producers.  <http://www.bulls.co.zw/> Read more >

Potraz adopts new tariff model   

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)
has moved away from a fixed model for determining the various tariffs for
telecommunications operators to a flexible model. The new model is meant to
improve sustainability of the local telecoms firms' businesses by taking
into account their need for viability and customers' need for affordable
services.  <http://www.bulls.co.zw/> Read more >

Zim seeks to leverage ties with China

ZIMBABWE plans to leverage its close relationship with China as it seeks to
develop and introduce 5G technology, Information and Communications
Technology minister Kazembe Kazembe has said. Mobile networks in the
southern African country are currently working on 3G and 4G. The fifth
generation network (5G) boasts data speeds of up to 2,7 gigabytes per second
- dozens of time faster than existing services, enabling warp-speed
transmission of high-definition content, without latency.
<http://www.bulls.co.zw/> Read more >

Zimpost to boot out tenants

A NUMBER of insurance firms conducting motor insurance business in Post
Office banking halls are set to be pushed out after Zimpost entered into a
deal that will see Econet Insurance underwriting business on its premises.
Industry sources told NewsDay that Zimpost acquired a multiple agent status
license from Insurance and Pension Commission (Ipec) last month and has
roped in Econet Insurance's EcoSure Moovah, a short-term motor vehicle
insurance product, as its agent in a deal that will see the postman
pocketing 30% of motor insurance premiums.  <http://www.bulls.co.zw/> Read
more >

Local entrepreneur launches bookkeeping software

local entrepreneur, Byron Kabaira has developed an online system, Zimvoice,
which allows small to medium-scale enterprises (SMEs) to perform core
bookkeeping functions such as generating quotations, invoicing and managing
payrolls. Kabaira said the mainstream accounting services marginalised SMEs,
thus pushed him to target them with an alternative package tailor-made for
their needs.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Zimbabwe 

Independence Day

Zimbabwe

18 Apr 2019 

Good Friday

19 Apr 2019

Easter Saturday

20 Apr 2019

Easter Sunday

21 Apr 2019

Easter Monday

22 Apr 2019

Workers Day

01 May  2019

REST OF AFRICA

Counters Trading Under Cautionary

Border Timbers

Econet Wireless Zimbawe

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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