Bulls n Bears Investors Notebook Issue 303: 02 August 2019

Fri Aug 2 04:20:43 CAT 2019

 <http://www.bulls.co.zw/> Bulls.co.zw
<mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments
<http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 303: 02 August 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

10, 85 billion dollar supplementary budget . . . Expenditure in line with
increased revenues   

FINANCE and Economic Development Minister, Professor Mthuli Ncube, yesterday
unveiled a ZW$10,85 billion supplementary budget and announced a string of
measures to cushion workers while stimulating domestic growth and increasing
revenue. Citing the changes in the macro-economic conditions and in line
with updated fiscal and monetary policy framework, he pronounced a review of
the tax-free threshold from ZW$350 to ZW$700 in order to cushion taxpayers
and stimulate aggregate demand for goods and services.
<http://www.bulls.co.zw/> Read more >

Power tariff increase approved   

GOVERNMENT has approved an electricity tariff increase to assist Zesa to
mobilise more resources to cover the supply gap but maintained subsidised
charges for domestic and agricultural consumers. Finance and Economic
Development Minister Professor Mthuli Ncube said this yesterday while
delivering his 2019 Mid-Year Budget Review statement in Parliament under the
theme: "Building a Strong Foundation for Future Prosperity".
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

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

Zimbabwe's economy to contract in 2019 - finance minister

(Reuters) - Zimbabwe's economy is expected to contract this year due to a
drought and severe power cuts, Finance Minister Mthuli Ncube said on
Thursday, without providing a figure. The country had initially forecast the
economy to grow 3.1% in 2019. Ncube also said Zimbabwe would defer
publication of year-on-year inflation until February 2020 following the
adoption of a new currency in June.  <http://www.bulls.co.zw/> Read more >

$1,67bn for drought mitigation   

Government will set aside $1,67 billion towards drought mitigation measures
as the country readies for the 2019/20 farming season. Finance and Economic
Development Minister Professor Mthuli Ncube, revealed this when he presented
the 2019 Mid-Term Policy Review Statement and a Rtgs$10,85 billion
supplementary budget in Parliament yesterday. The budget was presented under
the theme "Building a Strong Foundation for Future Prosperity".
<http://www.bulls.co.zw/> Read more >

Zimbabwe to replace empowerment law - finance minister

HARARE (Reuters) - Zimbabwe will repeal its indigenisation and economic
empowerment legislation dealing with ownership of foreign-controlled
companies and replace it with a new empowerment law, Finance Minister Mthuli
Ncube said on Thursday. Addressing parliament, Ncube also said foreign
investors can now take majority stakes in the platinum and diamond sectors.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zimbabwe's economy to contract in 2019 - finance minister

HARARE (Reuters) - Zimbabwe's economy is expected to contract this year due
to a drought and severe power cuts, Finance Minister Mthuli Ncube said on
Thursday, without providing a figure. The country had initially forecast the
economy to grow 3.1% in 2019. Ncube also said Zimbabwe would defer
publication of year-on-year inflation until February 2020 following the
adoption of a new currency in June.  <http://www.bulls.co.zw/> Read more >

'Mono currency to spur competitiveness'   

The return to mono-currency, through the Zimbabwe dollar as the sole legal
tender, will spur the country's competitiveness on the export market,
according to Foreign Affairs and International Trade Minister Dr Sibusiso
Moyo. This comes as Namibia has become the first country to express
willingness to resume buying Zimbabwean goods.  <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

EU relations thawing   

Government's re-engagement efforts with the European Union and the United
States of America are proceeding well especially with the former and
exporters should explore the markets that are opening up because of the
dialogue. This was said by Foreign Affairs and International Trade Minister
Dr Sibusiso Moyo at breakfast meeting with exporters and business
organisations organised by ZimTrade.  <http://www.bulls.co.zw/> Read more >

UAE proposes pharmaceutical plant   

President Mnangagwa has applauded the United Arab Emirates (UAE) for its
committed support for the country's health sector, particularly its
intention to set up a pharmaceutical plant to improve the availability and
accessibility of medicines in Zimbabwe. The UAE pledged to construct the
pharmaceutical plant yesterday during the official handover of another
consignment of equipment and surgical sundries worth about US$2 million. The
consignment was handed over to the President at Natpharm (Pvt) Ltd.
<http://www.bulls.co.zw/> Read more >

Centragrid feeds 2,5MW into grid   

GOVERNMENT'S drive to increase electricity generation is gathering momentum
after a local power firm, Centragrid (Pvt) Limited starting to feed 2,5MW
into the national grid yesterday. ZESA Holdings engineers have been camped
at the Nyabira-based solar firm in the last few days as they connected the
solar farm into the national grid.  <http://www.bulls.co.zw/> Read more >

Tax-free threshold widened   

Finance and Economic Development Minister Professor Mthuli Ncube has
reviewed upwards the tax-free threshold by 100 percent from $350 to $700,
with immediate effect, in an effort to increase workers' disposable incomes
amid rising inflation. Presenting a $10,85 billion Supplementary Budget and
2019 Mid-Term National Budget Review Statement yesterday, Minister Ncube
said the decision was taken to cushion workers against "bracket creep"
(increased tax liability) and stimulate waning demand for goods and
services.  <http://www.bulls.co.zw/> Read more >

Govt, John Deere ink US$50m tractor deal   

Government has signed a US$50 million deal with John Deere that will see the
agricultural equipment manufacturer supplying 1 300 tractors that are
expected to benefit farmers during the 2019/2020 summer cropping season. The
tractors will be distributed to farmers on loan through Agribank. Lands,
Agriculture, Water, Climate and Rural Resettlement Secretary Mr Ringson
Chitsiko and John Deere managing director for Sub-Saharan Africa Mr Antois
van der Westhuizen signed the deal in Harare yesterday..
<http://www.bulls.co.zw/> Read more >

Gold export earnings drop   

ZIMBABWE'S gold export earnings decreased by 32,9 percent to US$500 million
in the first half of this year compared to about US$670 million recorded in
the same period last year. Speaking during a gold mining conference in
Gwanda yesterday Reserve Bank of Zimbabwe principal inspector in the
Exchange Control Inspectorate, Mr Paul Mapanzure, said mineral export
revenue from January to June 21 this year amounted to US$1,3 billion
compared to US$1,4 billion over the same period last year. He said this had
been caused by a drop in gold deliveries to Fidelity Printers Refiners.
<http://www.bulls.co.zw/> Read more >

Precious stones window for small-scale miners   

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has drafted a legal
framework that seeks to empower small-scale miners to extract and trade in
semi-precious gemstones as Government seeks to boost mineral output. Of
late, there have been reports of semi-precious stones being discovered in
some parts of Mashonaland West province such as Karoi and Hurungwe where
villagers were mining the stones without going through the normal processes
that will ensure the country benefits at large.  <http://www.bulls.co.zw/>
Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

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

Telephone:    <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 719 441 674

Alt. Email:              <mailto:info at bulls.co.zw> info at bulls.co.zw 

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:                 @bullsbears2010

LinkedIn:              Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:                  Bulls.Bears 

Whatsapp Group:   <https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO> Click
Here to Join

---
This email has been checked for viruses by Avast antivirus software.
https://www.avast.com/antivirus
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190802/854b4f95/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 29845 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190802/854b4f95/attachment-0004.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 29442 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190802/854b4f95/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 29441 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190802/854b4f95/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 3256 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190802/854b4f95/attachment-0007.jpg>