Bulls n Bears Investors Notebook Issue 320: 29 August 2019

Thu Aug 29 04:36:30 CAT 2019

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Bulls n Bears Investors Notebook Issue 320: 29 August 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

AirZim To Re-Introduce Kariba - Harare Flights.

Looks like driving along those dangerous curves from Makuti to Kariba maybe
a thing of the past in the near future as The ZTA via Twitter has unveiled
plans by the national airline to reintroduce Kariba Harare flights.
According to their Tweet, plans are already underway to engage Mack Air to
service this route as a short term plan.
<http://www.bulls.co.zw/2019/08/29/> Read more >

City Of Harare Plans To Sell Brand Harare At The 2020 Dubai Expo

The Sunshine City has set its eyes on Dubai 2020 Expo. The City is planning
to showcase its various business opportunities at the expo that is usually
held in October each year. Speaking during a meeting with Expo 2020 Dubai
Commissioner-General Ambassador Mary Mubi, Mayor Cllr Herbert Gomba said
Harare will participate at the exhibition to market the Harare brand and
lure investors:  <http://www.bulls.co.zw/2019/08/29/> Read more >

 <mailto:info at bulls.co.zw> 

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

Econet To Hike Data And SMS Bundle Tariffs, Again

Mobile Network Operator (MNO), Econet Wireless announced that it will review
its Data and SMS bundles on 29 August 2019. This is the umpteenth time that
Econet has hiked tariffs this year alone.
<http://www.bulls.co.zw/2019/08/29/> Read more >

"Why Would We Want To Return To Our Own Currency .?" Finance Minister

Finance Minister, Professor Mthuli Ncube has said that Zimbabwe would not
have phased out the multicurrency system if that was not the only option the
country had to save the economic crisis. Ncube said that the local currency
is known for losing its value in 2008 so the government could not have
adopted that very risky option.  <http://www.bulls.co.zw/2019/08/29/> Read
more >

Fuel price disparity sparks outcry   

THE move to peg fuel price according to delivery distance from Harare has
sparked outcry among consumers and business leaders who feel the move will
disadvantage communities that are far from Harare. On Monday, the Zimbabwe
Energy Regulatory Authority (Zera) announced an increase in the price of
fuel, with cities having different prices ranging from $10,01 to $10,56 for
petrol and $10,32 to $10,86 for diesel.
<http://www.bulls.co.zw/2019/08/29/> Read more >

 <mailto:info at bulls.co.zw> 

Wages and salaries: July-August dilemma   

Following the removal of multi-currencies from the Zimbabwean market and
having the RTGS dollar as the only currency to be used for trading in
Zimbabwe, the salaries and wages payment has created conflict and confusion
between employers and workers. There is the challenge of employees who were
earning US dollars demanding their salaries be pegged against the ruling
market rate for the US dollar on a month by month basis.
<http://www.bulls.co.zw/2019/08/29/> Read more >

Nust hosts industry, academics indaba   

THE National University of Science and Technology (Nust) will today host a
breakfast stakeholder meeting in Bulawayo meant to bridge the gap between
industry and academics. The meeting will be held at a local hotel under the
theme, "stakeholder engagement for sustainable engineering education for
Zimbabwe's Re-industrialisation agenda".
<http://www.bulls.co.zw/2019/08/29/> Read more >

 <mailto:info at bulls.co.zw> 

Basic commodity prices up   

RETAILERS have increased prices of basic commodities again despite stability
in the exchange rate and a consumer outcry over erosion of disposable
incomes. A snap survey conducted in Bulawayo shops yesterday revealed that
several leading retailers have this week further increased prices of basic
goods such as sugar, mealie meal, soap and cooking oil, among others. For
instance, a 2kg bag of sugar now costs about $20 from $17 last week while a
10kg bag of mealie meal has gone up to $33 from about $25. A 2-litre bottle
of cooking oil now costs $27 from about $23 while green bar soap has risen
to $12 from about $9. A loaf of bread now costs $7 from $6. Peanut butter,
bath soap and rice are also among the affected commodities.
<http://www.bulls.co.zw/2019/08/29/> Read more >

ZimTrade signs MoU in Japan   

ZIMBABWE'S trade promotion and development agency, ZimTrade, yesterday
signed a memorandum of understanding with the Japan External Trade
Organisation (JETRO) aimed at strengthening co-operation and collaboration
between the two parties. President Mnangagwa, who is in Yokohama, Japan, for
the 7th Tokyo International Conference on International Development (TICAD),
witnessed the signing ceremony, which should pave way for expansion of trade
and investment between Zimbabwe and Japan.
<http://www.bulls.co.zw/2019/08/29/> Read more >

Zacc recovers $10m from looters   

THE Zimbabwe Anti-Corruption Commission (ZACC) has recovered over $10
million since it assumed office and has vowed to continue pouncing on
Government officials who abuse their positions for self-enrichment or
interfere with judicial processes. The money was recovered mainly from tax
evaders and individuals who had acquired illicit wealth.
<http://www.bulls.co.zw/2019/08/29/> Read more >

Zim open for investment - President   

President Mnangagwa yesterday told the high-level Tokyo International
Conference on African Development (TICAD) that his administration is
committed to comprehensive economic reforms and making the country a safe
destination for investment. He lauded Japan, saying the world's third
largest economy had a "critical role to play for Africa's economic
transformation, diversification and industrialisation".
<http://www.bulls.co.zw/2019/08/29/> Read more >

Microfinance loans on the rise   

TOTAL loans for the credit-only microfinance sector increased by 26,4
percent to $316,3 million in the quarter ended June 30, 2019 with the bulk
of the loans supporting the agriculture sector. In a performance report for
the period under review, the Zimbabwe Association of Microfinance
Institutions (Zamfi) attributed the increase in loan book to improved
lending by various sectors of the economy.
<http://www.bulls.co.zw/2019/08/29/> Read more >

Brainworks to raise $58m for debt-clearance   

Brainworks Limited, a Mauritian diversified investment holding company,
listed on the Johannesburg Stock Exchange, with an exclusive focus on
Zimbabwe, has advised its shareholders of the intention to raise capital to
the tune of R85,8 million ($58,3 million local dollars) by way of a
renounceable rights offer as part of the drive to clear third party debts,
and in particular a loan fast-approaching its maturity on October 17, 2019.
<http://www.bulls.co.zw/2019/08/29/> Read more >

Padenga shareholder approve diversification into gold   

Shareholders of Padenga Holdings yesterday approved the proposal to acquire
a 50,1 percent stake in gold mining firm Dallaglio Investments. At an EGM
held in Harare yesterday, Padenga shareholders agreed to the transaction
which will see the company acquire 9 036 shares in Dallaglio which will be
settled by way of a cash injection of $90,36 a share and an equivalent of
US$19 million to be paid in kind by delivery of mining equipment at
Dallaglio..  <http://www.bulls.co.zw/2019/08/29/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Border Timbers

EGM

Board Room, Northern Tobacco Complex, 4-12 Paisley Road, Southerton

2019 Sept 04, 9am

Falgold

AGM

PKF Building, corner 14th Ave/Josiah Tongogara Street, Bulawayo

2019 Sept 09, 10am

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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