Bulls n Bears Investors Notebook Issue 307: 08 August 2019

Thu Aug 8 03:56:51 CAT 2019

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Bulls n Bears Investors Notebook Issue 307: 08 August 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Govt seeks to boost manufacturing sector   

Government has put in place a host of measures that can stimulate the local
manufacturing sector. Industry competitiveness in the country has been
generally undermined by reliance on ageing and often obsolete equipment with
frequent interruptions to production and high maintenance costs. And the
influx of imports and working capital constraints are other major factors
eroding competitiveness, as capacity utilisation has largely remained below
average.  <http://www.bulls.co.zw/> Read more >

SMEs urged to formalise business   

SMALL to Medium Enterprises (SMEs) have been challenged to formalise their
businesses to enable them earn economic benefits that include getting stake
in public procurement processes, according to Zimbabwe Revenue Authority
client care services acting supervisor Marvelous Chigwanda. The SMEs sector
plays a key role in the development of the country's economy as it
contributes over 60 percent to GDP and employ over 75 percent of the total
workforce.  <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

Equities market drags down Life Assurers   

Underperformance of the Zimbabwe Stock Exchange (ZSE) in line with economic
performance has had a negative effect on Life Assurers that are heavily
invested on the local bourse. Official figures show that the country's 11
Life Assurance companies have 52,80 percent of their asset allocations in
equities. The skewed focus on equities investment has had a negative effect
on these firms' investments as the ZSE largely underperformed during the
period under review.  <http://www.bulls.co.zw/> Read more >

Govt Must Set Aside Filling Stations For Farmers Under Command Agriculture -
Hon Chinotimba

Buhera South legislator (ZANU PF), Joseph Chinotimba, has called upon the
government to set aside some fuel filling stations for farmers under Command
Agriculture. Speaking during a Parliamentary session, Chinotimba said that
fuel was central to the success of the programme.  <http://www.bulls.co.zw/>
Read more >

Salaries Of Workers Should Be Equivalent To Interbank Rate - Hon Chinotimba

Buhera South Member of Parliament, Joseph Chinotimba has called upon Finance
Minister, Professor Mthuli Ncube to convert the salaries of public service
workers at the interbank rate. Chinotimba noted that when the country
shunned the 1: 1 ratio between the US dollar and the RTGS dollar, salaries
of workers remained stuck at the 1: 1 ratio.  <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

Govt Authorises Industrial Production Of Cannabis

The government of Zimbabwe has approved the industrial production of hemp
for the export market and use locally in the production of fuel. This was
revealed by the Minister of Information, Monica Mutsvangwa during Tuesday's
post-cabinet media briefing in Harare. She said: Hemp is bio-degradable,
compostable, recyclable, non-toxic and capable of carbon sequestration and
hence, reduces global warming effects; and industrial hemp will widen the
country's industrial and export base.  <http://www.bulls.co.zw/> Read more >

Power Sales trims Byo branches   

CLOTHING retail store, Power Sales, has shut down some of its branches in
Bulawayo as it scales down operations citing the challenging economic
conditions. Power Sales general manager, Mr Fanuel Mahachi, confirmed the
business was in distress and that as a result a restructuring exercise was
being carried out, which has seen the company retrenching some of its staff.
He said: "The current economic challenges have forced us to consolidate our
business to sustainable levels".  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Mutoko power project completion by year-end   

INDEPENDENT power producer, Nyangani Renewable Energy, says it would fully
implement its 10MW mini solar project in Mutoko by end of the year and feed
into the national grid. Named Riverside Solar Power Station, the project
sits on a 40-hectare piece of land and is already generating 2,5 megawatts,
which are fed into the national grid.  <http://www.bulls.co.zw/> Read more >

CABS closes four branches   

FINANCIAL services group, CABS, plans to close four of its branches across
the country in what is seen as a restructuring exercise. Although the bank's
officials could not disclose further information and reasons for closure, a
notice sent to customers confirms the move. "Please be advised that we
intend to close the stated branches by the following dates," CABS wrote in a
notice sent to its customers.  <http://www.bulls.co.zw/> Read more >

ZNCC salivates Russia, Namibia investments   

THE Zimbabwe National Chamber of Commerce (ZNCC) has engaged its
counterparts in Russia and Namibia in a bid to attract foreign direct
investment into the country. In an interview following a recent business
development tour in the two countries, ZNCC deputy president, Dr Tinashe
Manzungu, said the business lobby group was keen to tap into investment
opportunities arising from cordial relations between Zimbabwe and its
allies.  <http://www.bulls.co.zw/> Read more >

Small-scale miners hail new Bill   

GOVERNMENT expects the reviewed Mines and Minerals Amendment Bill to be
concluded in the next few months so that the sector can start benefiting
from its new provisions. Among its highlights, the Bill seeks to empower
small-scale miners and assist the sector to be formalised.  Speaking during
an anti-corruption meeting on the mining sector, Matabeleland North
provincial mining director, Mr Farayi Ngulube, said the new Bill was
friendly to small scale miners who have over the years cried foul over
exclusion from mainstream operations.  <http://www.bulls.co.zw/> Read more >

We paid back NSSA's US$20m: Metbank   

METBANK Limited says it has paid back the US$20 million debt in Treasury
Bills (TBs) to the National Social Security Authority (NSSA). The bank's
corporate secretary and legal counsel Mr Kiitu Zawanda yesterday said the
TBs and interest, together with legal fees attached to them, were paid back
"in full on the 24th of July 2019". His remarks follow publication of
stories (NSSA seeks to attach Metbank property, The Herald August 7, 2019)
that claimed NSSA had not been paid back the money and had instituted court
proceedings to recover the money.  <http://www.bulls.co.zw/> Read more >

Zim inks coal export agreement   

Government yesterday signed an agreement with a Dubai-based company,
Victoria Consultant, that will assist the country secure markets for coal
exports in India and Japan. The deal, which will also see the company
capacitate local mines to meet production requirements, was signed by Mines
and Mining Development Minister Winston Chitando and Victoria Consultant
chief executive officer Mr Vito Oliveira Sousa. President Mnangagwa oversaw
the signing ceremony.  <http://www.bulls.co.zw/> Read more >

Participation by bidders   

One of the objectives of the Public Procurement and Disposal of Public
Assets (PPDPA) Act Chapter [22:23] is to promote competition among bidders.
Section 28 of the PPDPA Act outlines participation by bidders. Except as
prescribed under this Act or any other enactment, bidders shall be permitted
to participate in procurement proceedings without regard to nationality.
<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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