Bulls n Bears Investors Notebook Issue 233: 17 April 2019

Wed Apr 17 09:52:20 CAT 2019

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Bulls n Bears Investors Notebook Issue 233: 17 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

ZITF perfect platform for SEZs 

THE 60th edition of the Zimbabwe International Trade Fair (ZITF) due next
week is a perfect platform to attract investors towards implementation of
the Special Economic Zones (SEZs), an official has said. The ZITF comes
alive in Bulawayo from 23-27 April 2019 under the theme: "Propagating
Industrial Growth through Trade and Investment". It will be the first ZITF
since operationalisation of SEZs last year when the Zimbabwe Special
Economic Zones Authority (ZimSEZA) appointed a chief executive officer.
<http://www.bulls.co.zw/> Read more >

Scramble for solar power plants

Three independent power producers have applied to the Zimbabwe Energy
Regulatory Authority (ZERA) for licences to establish solar power plants
that will add about 100MW to the national grid. The.
<http://www.bulls.co.zw/2019/04/17/scramble-for-solar-power-plants/> Read
more >

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

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

Mauritian investors eye Zimbabwe

MAURITIAN companies are in Harare to explore business opportunities, citing
an improved investment climate since the coming in of President Mnangagwa.
Head of delegation Uttum Rughoobur, who is the Economic.
<http://www.bulls.co.zw/2019/04/17/mauritian-investors-eye-zimbabwe/> Read
more >

Zupco launches new bus fleet

President Emmerson Mnangagwa yesterday launched a new Zimbabwe United
Passengers Company (Zupco) bus fleet, which he said would provide transport
safety nets and modernise the local transport system. Mnangagwa said.
<http://www.bulls.co.zw/2019/04/17/zupco-launches-new-bus-fleet/> Read more
>

ZSE Rebounds, OM dominates trades

The ZSE rebounded further during the week-ended April 12, 2019 on moderate
buyers' aggression leading to a 1,74% uplift in total market capitalisation
to $16,548,17 million. The bulls dominated the.
<http://www.bulls.co.zw/2019/04/17/zse-rebounds-om-dominates-trades/> Read
more >

 <mailto:info at bulls.co.zw> 

Shepco Group plans $2 million capex

SHEPCO BMA Fasteners, a division of Shepco Group, is planning to invest
about $2 million into the factory, but their main challenge was the
unavailability of raw materials locally, an.
<http://www.bulls.co.zw/2019/04/17/shepco-group-plans-2-million-capex-2/>
Read more >

Investors keen on Mat'land - CZI

THE Confederation of Zimbabwe Industries (CZI) says investors have shown a
lot of interest to invest in Bulawayo and help restore the city to its
status as the country's manufacturing.
<http://www.bulls.co.zw/2019/04/17/investors-keen-on-matland-czi/> Read more
>

 <mailto:info at bulls.co.zw> 

First Capital keeps intact loan book

FIRST Capital Bank, formerly Barclays Bank Zimbabwe's managing director, Sam
Matsekete, says the bank's loan book has not been affected by the floating
of the quasi-bond note currency as most.
<http://www.bulls.co.zw/2019/04/17/first-capital-keeps-intact-loan-book/>
Read more >

Govt urges bakers to rethink bread price   

Government yesterday called on the Bakers Association of Zimbabwe to
reconsider its position to hike the price of bread and allow consultations
to take place. Yesterday, a loaf of bread was being sold for RTGS$3,50 up
from RTGS$2. This comes as Government on Monday night injected 20 million
litres of fuel into the market to augment supplies ahead of the Easter and
Independence holidays that begin tomorrow.  <http://www.bulls.co.zw/> Read
more >

RTGS$ to stabilise, gain value: Ncube   

FINANCE and Economic Development Minister, Professor Mthuli Ncube, has
expressed confidence that the RTGS dollar will stabilise and gain value
beyond the prevailing market volatility as Government forges ahead with
implementation of fiscal reform measures. He said the new framework under
the Staff Monitored Programme (SMP) between Government and the International
Monetary Fund (IMF) will help open new foreign financial flows to the
economy, assist foreign debt clearance efforts and create a stable currency
environment.  <http://www.bulls.co.zw/> Read more >

FBC posts strong FY performance   

FBC Holdings Limited has posted a strong financial performance in the year
ended 31 December 2018 with total assets base growing by 56 percent to
US$1,1 billion compared to US$712,4 million in the previous year. In a
statement accompanying the group's financial results for the period,
chairman, Mr Herbert Nkala, attributed the positive performance to continued
success of the group's diversified business model.
<http://www.bulls.co.zw/> Read more >

Zimbabwe wins bid to host global wildlife event   

ZIMBABWE has won the bid to host the inaugural United Nations Environment
World Wildlife Summit in June whose objective will be to deliberate on
issues to do with human-wildlife conflict. The summit, which is being
facilitated by the African Union (AU), will be held between June 24-25 in
Victoria Falls. Environment, Tourism and Hospitality Industry Minister
Prisca Mupfumira said preparations were already going on well.
<http://www.bulls.co.zw/> Read more >

FCB surpasses RBZ $100m capitalisation threshhold   

FIRST Capital Bank's core capital closed year 2018 at $107 million,
surpassing the 2020 minimum capital requirement of $100 million set by the
Reserve Bank of Zimbabwe. The bank also revealed in its financial statements
for the period ended 31 December 2018, that profit after tax surged by 23
percent to $24, 3 million compared to $19, 8 million in the prior year,
resulting in a basic earnings per share of 1, 13 cents up from 0, 92 in the
prior year.  In a statement accompanying the financial report, chairman, Mr
Sydney Mutsambiwa, said the bank sustained positive growth on the back of
macro-economic environment improvement in the first half of the year.
<http://www.bulls.co.zw/> Read more >

Cabinet approves $350m Zisco deal

Government yesterday approved a $350 million investment deal in which
ZimCoke (Pvt) Ltd will revitalise the coke plant within Ziscosteel, creating
more than 800 jobs for a company that is.
<http://www.bulls.co.zw/2019/04/17/cabinet-approves-350m-zisco-deal/> 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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