Bulls n Bears Investors Notebook Issue 308: 09 August 2019

Fri Aug 9 04:01:49 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 308: 09 August 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Paynet targets more Ecocash volumes   

Paynet Zimbabwe is discussing with mobile phone network operator Econet
Zimbabwe's mobile money transfer service provider Cassava Smartech, ways to
use EcoCash for its bulk payments system. Cassava's EcoCash is Zimbabwe's
largest mobile payment system controlling approximately 80 percent of the
volume of national payments, according to latest statistics published by the
Reserve Bank of Zimbabwe (RBZ). <http://www.bulls.co.zw/> Read more >

Potraz approves tariff adjustment   

Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has
approved an adjustment in voice tariffs for mobile network operators in a
move analysts and market players believe will help forestall dim prospects
in the telecoms sector. Yesterday, Potraz released a circular announcing it
had approved a tariff adjustment for voice calls by just over 182 percent
from 17 cents per minute to 48 cents per minute on average, a move seen as a
way of cushioning the industry from a plethora of challenges, including a
weakening local currency against the US dollar and unprecedented power cuts
that have almost brought the industry to its knees.
<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

Zahra boosts GetBucks shareholding   

GetBucks Zimbabwe's majority shareholder, Zahra Investment Trust (ZIT), has
further increased its shareholding in the listed micro-financier. The Trust
snapped up 9,53 million shares after the company's rights offer garnered 51
percent subscription. ZIT was one of the firms that underwrote the rights
offer. Prior to the rights offer, ZIT held a 51,6 percent stake in GetBucks
Limited. <http://www.bulls.co.zw/> Read more >

MultiChoice Zim retrenches   

A declining subscriber base has forced Pay-Television service provider,
MultiChoice Zimbabwe to implement a voluntary retrenchment programme. "Due
to the current economic challenges facing Zimbabwe, Skynet has undertaken a
comprehensive business evaluation in order to remain sustainable. "The
difficult decision to reduce its operating costs will include the offer of
voluntary employee retrenchments," said MultiChoice Zimbabwe communications
executive Elizabeth Dziva. <http://www.bulls.co.zw/> Read more >

Govt lauds Delta   

Government has lauded Delta Corporation for supporting local farmers by
contracting them to produce its raw materials for beer production. Delta
Corporation contracts local farmers to produce barley, sorghum and maize
used in the production of its beer brands. The company no longer imports
barley and depends on local production, in the process reducing pressure on
foreign currency demand. Officiating at a barley field day at Resurge Farm
in Selous, Lands, Agriculture, Water, Climate and Rural Resettlement Deputy
Minister Douglas Karoro, said the role that Delta Corporation plays in the
revitalisation of the agricultural sector could not be overstated.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zesa connections stall tungsten, tantalum projects   

Diversified mining group, Premier African Minerals Plc, says delays in
connecting to Zimbabwe's electricity grid has stalled its key projects in
the country. The RHA tungsten mine and Zulu lithium and tantalum project are
Premier's linchpin projects in the country. Premier's CEO George Roach was
writing to shareholders to explain the lack of progress at the RHA tungsten
mine and Zulu lithium and tantalum projects. At RHA, Roach says that it
needs the Zimbabwe Electricity Supply Authority (Zesa) to connect the mine
to the grid after which it expects to commence production underway within a
four-month time-span. <http://www.bulls.co.zw/> Read more >

Zibawu laments bank closures   

First Capital Bank of Zimbabwe is set to retrench at least 200 employees,
while Central Africa Building Society (CABS) will in October close four
branches nationwide. The Zimbabwe Banks and Allied Workers Union (Zibawu),
revealed the two banks claim their actions were in response to the harsh
operating environment and the impact of digital banking on the sector. First
Capital head of corporate affairs and customer service, Emily Nemapare,
confirmed that some employees were compulsorily going to leave the bank, but
could not disclose the figure.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Lesaffre looks for market expansion   

Lesaffre Zimbabwe is looking at expanding its reach in the Zambian market
and used the recently held Zambia Agriculture and Commercial Show to endear
its products with potential customers. Lesaffre is a global key player in
yeasts and fermentation and was in Zimbabwe through the acquisition of a
majority stake in Anchor Yeast. Over the years Lesaffre has made a series of
major structural investments in its Zimbabwean subsidiary.
<http://www.bulls.co.zw/> Read more >

BNC puts smelter project on hold   

Bindura Nickel Corporation has halted its smelter construction project and
is now completely focusing on the shaft deepening project as the miner aims
to boost production in view of an anticipated increase in the global price
of nickel. Management indicated that depressed nickel prices have led to a
revision of project priorities as it would not make economic sense to
continue injecting more capital into smelter project. BNC has developed a
wait-and-see attitude on the project, mainly hinged on the price of the
commodity, and it is the management's position that the smelter project will
be decelerated as long as the nickel market fundamentals have not driven the
price to significantly higher levels. <http://www.bulls.co.zw/> Read more >

ZERA Grants ZPC Licence For 120MW Mutare Power Plant

Zimbabwe Energy Regulatory Authority (ZERA) has reportedly granted a licence
to the Zimbabwe Power Company (ZPC) to build a 120 MW power plant in Mutare.
ZPC is the country's largest power generator. In a statement issued by ZERA
Acting Chief Executive Officer, Eddington Mazambani, the Authority said: The
generation license is hereby granted to the Zimbabwe Power Company in terms
of Section 42 of the Electricity Act to construct, own, operate and maintain
120MW Emergency/Peaking Power Plant called Mutare Peaking Power Station at
Orange Groove Farm at Feruka in Mutare, Manicaland Province for the purposes
of generation and supply of electricity.  <http://www.bulls.co.zw/> Read
more >

Price Controls On Cooking Gas Coming - ZERA

Zimbabwe Energy Regulatory Authority (ZERA) has announced that it will soon
introduce price controls on cooking gas. The measure is aimed at containing
prices of fuel for domestic use. Speaking during a Zera workshop on Tuesday
in Harare, Zera petroleum infrastructure engineer, Andrew Gurwill, revealed
that the decision will set a price for smaller quantities of liquefied
petroleum gas sold in domestic markets. Gurwill added: Our gas industry is
still in its infancy, so there was no appetite to regulate before because we
wanted the sector to get more players. <http://www.bulls.co.zw/> Read more >

Ferrochrome production up 14pc   

High carbon ferrochrome production has jumped 14 percent up to about 172 000
tonnes in the first six months of the year compared to the same period last
year as the chrome industry and its sub-sector adjust to Government's drive
to beneficiation. Government has been pushing for mineral beneficiation as
part of efforts to widen the mining sector's contribution to the fiscus. The
mining sector has been set a target to grow its annual export earnings from
US$3, 2 attained last year to at least US$12 billion annually by 2023 and
chrome, together with other key minerals like platinum, diamonds and gold is
expected to play a critical role to this end.  <http://www.bulls.co.zw/>
Read more >

Inflation calculation deferred till 2020   

ZIMBABWE has suspended calculation and publication of annual inflation rates
until February next year to rebase consumer prices indices, after
reintroducing local currency, to ensure that the data reflects an accurate
account of price trends in the economy. Finance and Economic Development
Minister Mthuli Ncube revealed this when he presented his $10,3 billion
supplementary budget and mid-term budget statement review yesterday in
Parliament, which gives a new national budget figure for the year 2019 of
$18,62 billion. The suspension of calculation and publishing of annual rate
of inflation data comes after Zimbabwe floated its local currency in
February this year, as part of currency and economic reforms to restore
proper and sustainable macroeconomic fundamentals. <http://www.bulls.co.zw/>
Read more >

Market scrambles for TBs   

Zimbabwe's first Treasury Bills (TBs) auction in 10 years, carried out last
week, has served to highlight that there is a significant demand for the
paper in the market. The Reserve Bank of Zimbabwe (RBZ) last week floated
91-day TBs to "finance Government operations". But the main purpose of the
TBs was to gauge investor interest ahead of the flotation of bigger
infrastructure bonds. The TBs were offered to the various local financial
institutions, which are already believed to hold the largest quantum of
previously issued TBs. <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/20190809/9a98f40e/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/20190809/9a98f40e/attachment-0005.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/20190809/9a98f40e/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 29462 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190809/9a98f40e/attachment-0007.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 29454 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190809/9a98f40e/attachment-0008.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.jpg
Type: image/jpeg
Size: 3256 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190809/9a98f40e/attachment-0009.jpg>