Bulls n Bears Investors Notebook Issue 305: 06 August 2019

Tue Aug 6 03:58:05 CAT 2019

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Bulls n Bears Investors Notebook Issue 305: 06 August 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

'Economy to contract 3 percent'   

The Zimbabwean economy will contract by 3 percent in 2019, but the mining
sector as well as the tourism sector will surprise on the upside, Finance
and Economic Development Minister Mthuli Ncube has said. The downward
revision of economic growth expectations come on the back of a poor
agriculture season that was hit by drought and Cyclone Idai in some parts of
the country.  <http://www.bulls.co.zw/> Read more >

Civil servants bonuses in November   

GOVERNMENT says all civil servants will get their bonuses for the year in
November, amid expectations that the amounts could be increased so as to
continuously improve workers' welfare.This was said by Finance and Economic
Development Minister Professor Mthuli Ncube yesterday during a post Mid-Year
Budget Review and Supplementary Budget breakfast meeting in Harare.
<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

Govt To Start Gradually Phasing Out Load-Shedding From Tuesday - Govt
Official

Permanent Secretary in the Ministry of Finance and Economic Development, Mr
George Guvamatanga, has confirmed reports suggesting that the power crisis
will start getting betting from Tuesday . This development is attributed to
the payment plan the government secured with regional power suppliers. It is
expected that the deal will see the country adding 400 megawatts to the
national grid.  <http://www.bulls.co.zw/> Read more >

Mthuli defends annual inflation bar   

Finance and Economic Development Minister Mthuli Ncube has defended his
decision to blackout publication of year-on-year inflation statistics for
the next six months, saying continuing to do so does not make sense
theoretically and statistically, but retaining month on month figures. Last
week, in his 2019 Mid-Term Budget Review Statement, Minister Ncube said
deferring publication of inflation figures "will ensure that we compare like
with like in terms of currency regimes."  <http://www.bulls.co.zw/> Read
more >

Padenga diversifies operations   

CROCODILE breeder Padenga Holdings Limited, has revealed plans to venture
into gold production as the firm looks forward to diversify its operations
away from the traditional crocodile skin products business. Padenga is
eyeing 9 036 shares of Dallaglio Investments (Private)limited, a gold mining
firm. This represents 50,1 percent equity shareholding in the company.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Textile industry urged to take advantage of sector's value chain   

INDUSTRY and Commerce Minister Nqobizitha Ndlovu has challenged major firms
in the textile industry to harness full benefits of the sector's value chain
as it is a low hanging fruit. Zimbabwe uses 30 percent of locally grown
cotton and 70 percent is exported to textile industries dotted around the
world, hence failing to exploit competitive advantage in cotton value chain
considering the country's ability to grow the essential raw material
locally.  <http://www.bulls.co.zw/> Read more >

GetBucks rights offer garners 51pc subscription   

Listed micro-financier, GetBucks  Limited said on Monday its rights offer,
to raise ZWL$5 million to  increase its capital base, was subscribed by 51
percent.The firm had placed 69,6 million shares with a nominal value of
RTGS$0,0001 each up for subscription at a price of ZWL$0,072, at a  ratio of
6.36 new shares for every 100 shares held.  <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

Govt to concentrate on feeder roads   

Government will leave the rehabilitation of the country's major highways to
investors while it marshals its resources to smaller feeder roads that are
unattractive to private players, a Cabinet Minister has said. Speaking at a
mid-term budget review breakfast meeting in Harare yesterday, Finance and
Economic Development Minister Professor Mthuli Ncube, said he had observed
how roads can transform poor communities from his previous work in the
private sector.  <http://www.bulls.co.zw/> Read more >

Vaya offers free transport for nurses, doctors   

NURSES and doctors at hospitals throughout Zimbabwe are set to get free
transport for 30 days as Cassava Smartech's Vaya unit rolls out new exciting
services. These are a car-sharing service called Vaya Carpool and a minibus
service called Vaya Shuttle. Both services will be launched on August 15,
said the group in an update. It said the Vaya Carpool will be open to all
members of the public and allows people to share a car and cut costs.
<http://www.bulls.co.zw/> Read more >

Metbank ordered to repay NSSA US$20m   

METBANK Limited has been ordered to pay back US$20 million worth of Treasury
Bills (TBs) to the National Social Security Authority (NSSA) after the High
Court ruled that the bank was holding on to what does not belong to it. TBs
form part of the much-hyped NSSA forensic report which has since caused the
arrest of Environment, Tourism and Hospitality Industry Minister Prisca
Mupfumira on criminal abuse of office charges.  <http://www.bulls.co.zw/>
Read more >

'Infrastructure bond, the way to go'   

TREASURY will soon issue a Vaka/Yakha Zimbabwe Infrastructure Bond as a
strategy to mobilise adequate private sector funding to support long-term
priority economic development projects, Finance and Economic Development
Minister Professor Mthuli Ncube has said. As the country strives to
transform its economy towards an upper middle income status, experts say
infrastructure development is the way to go as a critical enabler, acting
both as an incentive to investment and source of employment.
<http://www.bulls.co.zw/> Read more >

Access Finance opens Byo, Vic Falls branches   

FINANCIAL services company, Access Finance, has spread its wings to Bulawayo
and Victoria Falls where it has opened branches. The specialist Zimbabwean
financial services institution provides client-centric and innovative
services and seeks to meet the needs of a dynamic market.  Its group
functions fall under three main areas - fixed income, structured finance and
foreign exchange.  <http://www.bulls.co.zw/> Read more >

IDBZ seeks partners for 287MW projects   

THE Infrastructure Development Bank of Zimbabwe (IDBZ) is scouting for
partnerships to develop and implement renewable energy projects across the
country with a total output of 287 megawatts (MW). Four of the proposed
projects will be done in Matabeleland region with a projected combined
output of 165MW.  These include a 50MW solar project in Bulilima District,
Matabeleland South and a 50MW solar project in Gwayi area of Lupane,
Matabeleland North.  <http://www.bulls.co.zw/> Read more >

Minister praises SMEs   

GOVERNMENT has applauded Small and Medium Enterprises (SMEs) for playing a
significant role in the country's economy and pledged increased support to
ensure realisation of their full potential. Speaking during a meeting with
SMEs representatives here, Women Affairs, Community, Small and Medium
Enterprises Development, Dr Sithembiso Nyoni, said the Second Republic under
President Mnangagwa has taken a paradigm shift in the way it handles the
business sector. The minister held meetings with SMEs in Hwange town,
Victoria Falls and Jambezi areas between Friday and Sunday.
<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.

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