Bulls n Bears Investors Notebook Issue 317: 26 August 2019

Mon Aug 26 04:27:44 CAT 2019

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Bulls n Bears Investors Notebook Issue 317: 26 August 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Treasury Bills demand high   

The Reserve Bank of Zimbabwe's second Treasury Bills auction - which was
aimed at a broader market than the first one - has been oversubscribed, with
bids amounting to $121 million. This is just over double as the central bank
was seeking to raise ($60 million) through the auction.
<http://www.bulls.co.zw/2019/08/26> Read more >

Mash holds fort despite headwinds   

Zimbabwe Stock Exchange-listed entity Mashonaland Holdings reported a 40
percent increase in revenue to $4,9 million for the third quarter ended June
30, 2019. In a trading update released last week, the property concern said
operating profit was up 127 percent to $3,4 million.
<http://www.bulls.co.zw/2019/08/26/> Read more >

 <mailto:info at bulls.co.zw> 

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

Zim to court investors at Japan indaba   

The 2019 Tokyo International Conference on African Development (TICAD 7),
where Zimbabwe is expected to sign some memoranda of understanding with
players in the Japanese economy and court investors from the Asian country,
will kick-off on Wednesday in Yokohama, Japan. One of the memoranda of
understanding will be between Zimbabwe's premier trade promotion body,
ZimTrade, and JETHRO of Japan to be signed on the sidelines of the
conference.
<http://www.bulls.co.zw/2019/08/26/zim-to-court-investors-at-japan-indaba/>
Read more >

Zim eyes more power imports from Moza   

Government is negotiating with Mozambique for up to 400MW of electricity to
continue alleviating power outages facing the country, Energy and Power
Development Minister Advocate Fortune Chasi has said. Zimbabwe is presently
getting 50MW from its eastern neighbour, and is keen to access anything
between 150MW and 400MW.
<http://www.bulls.co.zw/2019/08/26/zim-eyes-more-power-imports-from-moza/>
Read more >

Zim pushes for ivory sales   

A high-powered delegation from Zimbabwe is in Geneva, Switzerland, to join
forces with fellow Sadc nations in pushing to have countries with high
elephant populations be allowed to exercise various management methods which
include trophy hunting, culling and sale of ivory. Environment, Tourism and
Hospitality Industry Acting Minister Mangaliso Ndlovu is expected to leave
for Geneva today to join other delegates already in the European country.
<http://www.bulls.co.zw/2019/08/26/> Read more >

 <mailto:info at bulls.co.zw> 

Call to end Tongaat Hulett monopoly   

Nearly 1 000 indigenous sugar cane farmers in the Lowveld have called for an
end to Tongaat Hulett Zimbabwe's unrivalled monopoly in the local sugar
value chain for them to also benefit from the multimillion-dollar industry.
Tongaat has maintained a firm stronghold on the local sugar industry, with
the South Africa-headquartered firm running rings in cane growing, milling
and marketing, which rakes in millions of dollars annually.
<http://www.bulls.co.zw/2019/08/26/call-to-end-tongaat-hulett-monopoly/>
Read more >

Hard work will deliver Vision 2030 - Modi   

INDUSTRY and Commerce Deputy Minister, Raj Modi, has called on Zimbabweans
across the divide to embrace "hard work" for the country to achieve the
desired upper middle-income economy status by 2030. While the Second
Republic led by President Mnangagwa was working flat out to reform the
governance system and enhance the ease of doing business, he said only hard
work by every citizen would determine the success of the economic
transformation agenda.
<http://www.bulls.co.zw/2019/08/26/hard-work-will-deliver-vision-2030-modi/>
Read more >

 <mailto:info at bulls.co.zw> 

Government to announce Local Content Committee   

THE Minister of Industry and Commerce, Mangaliso Ndlovu, says a Local
Content Committee will soon be put in place to outline quick implementation
guidelines and provide incentives for the import substitution policy. The
desire to substitute imports and achieve inclusive industrialisation took
centre stage during a business interface meeting on the sidelines of the
just ended Zimbabwe Agricultural Show in Harare. Stakeholders are agreed
that the Local Content Strategy, recently approved by Cabinet, must be an
accelerator for import substitution, and increased capacity utilisation.
<http://www.bulls.co.zw/2019/08/26/government-to-announce-local-content-comm
ittee/> Read more >

Cassava announces free remittance service   

CASSAVA Fintech, a wholly owned subsidiary of the Econet Group, has
announced a new remittance service which is available on the SasaiApp and
aimed at  reducing the cost of sending money from the diaspora.In an update
on Friday, the company said that with effect from September 1, 2019,
Zimbabweans sending money from the diaspora will pay only 2.5 percent in
remittance fees, a drastic reduction on a cost which usually runs between 8
to 15 percent, depending on the country from which the money is sent.
<http://www.bulls.co.zw/2019/08/26/cassava-announces-free-remittance-service
/> Read more >

RBZ TBs get massive investor thumbs up   

THE Reserve Bank of Zimbabwe (RBZ) said on Friday it received offers
amounting to double the ZWL$60 million it sought to raise through treasury
bills (TBs) it put to tender last week. The central bank said it received
bids totalling ZWL$121 million for the 365-day TBs, the second it has
floated.
<http://www.bulls.co.zw/2019/08/26/rbz-tbs-get-massive-investor-thumbs-up/>
Read more >

'Mines, minerals law should plug leakages'   

ZIMBABWEAN mining policies should be crafted in such a way that they fully
safeguard local resources and plug leakages to ensure the country derives
maximum benefit. This emerged during a Parliamentary Portfolio Committee on
Mines and Mining Development public hearing held at Kwekwe Theatre in Kwekwe
last week. The committee chaired by Zvishavane-Ngezi legislator, Dumezweni
Mahwite, sought to find out challenges faced by the miners as a result of
existing mining laws.   <http://www.bulls.co.zw/2019/08/26/> Read more >

Bio-fuels policy to cut petroleum import bill   

ZIMBABWE is set to significantly cut its petroleum import bill through
development of a vibrant local bio-fuels industry. This follows Cabinet's
approval of a bio-fuels policy, which is expected to give the country a
number of energy source options as well as widen opportunities for job
creation.
<http://www.bulls.co.zw/2019/08/26/bio-fuels-policy-to-cut-petroleum-import-
bill/> Read more >

Tobacco marketing season closes   

THE 2019 tobacco selling season comes to an end this week with the last
sales to be conducted on Wednesday at all auction floors, the industry
regulator has said. This comes as the volume of tobacco sold at both auction
and contract sales floors reached 252.6 million kilogrammes on day 104 of
sale, marginally breaching the last year all time record production of 252
million kilogrammes.  <http://www.bulls.co.zw/2019/08/26/> Read more >

RTGS payments should take 5 seconds - RBZ   

Reserve Bank of Zimbabwe (RBZ) is working towards ensuring that the Real
Time Gross Settlement (RTGS) system sends money in five seconds. This
emerged on Wednesday in Binga during a consumer and community engagement
outreach programme organised by the Postal and Telecommunications Regulatory
Authority of Zimbabwe (Potraz), which also featured the Consumer Council of
Zimbabwe (CCZ).  <http://www.bulls.co.zw/2019/08/26/> 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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