Bulls n Bears Investors Notebook Issue 185: 06 February 2019

Wed Feb 6 08:27:49 CAT 2019

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Bulls n Bears Investors Notebook Issue 185: 06 February 2019

 <http://www.fbc.co.zw/> 

Bulls 'n Bears Investors Diary: Today's Events

Nampak

AGM

68 Birmingham Road, Southerton

06 Feb 2019 - 12pm

Quotable Quote:

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

Zimbabwe Delays Start of Dollar Trading to 'Foolproof' Systems

Zimbabwe delayed plans to allow companies and individuals to transfer
dollars electronically as it tests systems to ensure they're infallible, a
central bank official said. The postponement will exacerbate a dearth of
cash in the southern African country that's prevented beer and bread
manufacturers from buying raw materials, and led to shortages of food and
fuel. Trading may go live after the central bank has issued its monetary
policy statement around mid-February, the official said by phone Tuesday
from the capital, Harare.  <http://www.bulls.co.zw/> Read more >

Govt, bakers in negotiations

Government has entered into negotiations with bakers to have the price of
bread adjusted downwards following a recent price hike.  Sources who
attended the meeting yesterday said government was pushing for the price of
a loaf of bread to be pegged at $1,80, instead of $2,60 being charged by the
bakers. Bakers defended their decision to increase the prices, citing a rise
in the cost of production and the Reserve Bank of Zimbabwe's failure to
disburse foreign currency that would enable them to pay for some unavoidable
export requirements.  <http://www.bulls.co.zw/> Read more >

 <http://www.firstmutualproperties.co.zw/> 

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

Ingwebu franchises its beer outlets

INGWEBU Breweries plans to franchise all its beer retailing outlets and
focus on manufacturing and distribution of traditional beer, a development
which could increase the company's revenue by at least 10%, NewsDay has
established. Ingwebu, which was run under Bulawayo Municipal Commercial
Undertaking - an entity wholly-owned by the Bulawayo City Council since
1996, was unbundled in 2017.  Ever since, the company has incurred
successive losses and, as a turnaround strategy, management has resolved to
franchise all its beer retailing outlets and focus on manufacturing and
distribution.  <http://www.bulls.co.zw/> Read more >

Untu Capital foreign backers withdraw support

African Guaranteed Fund (AGF), the foreign backers of Untu Capital's bond
issue, have withdrawn their support to the microfinance company citing
Zimbabwe's current unpredictable economic environment, which has seen Untu
failing to remit guarantee fees out of the country.  Untu Capital raised $5
million last year after it issued several series of tradable bonds which
were oversubscribed. In the first tranche, Untu raised $1 million, then $2
million apiece from the second and third tranches. The bonds have a maturity
date of June 10, 2021.  <http://www.bulls.co.zw/> Read more >

Zim targets US$4bn from mining: Chitando

Zimbabwe is targeting to generate over US$4 billion in revenue from the
mining sector this year, Mines minister Winston Chitando has said. In 2018,
the sector earned US$3,4 billion driven by the high performance of the gold
sector, which delivered a record 33,2 tonnes, but output could have been
higher had it not been for disturbance towards the end of last year.
Foreign currency shortages intensified during the third and fourth quarter
last year, leading to cuts in production at a number of mines, which could
not pay foreign suppliers.  <http://www.bulls.co.zw/> Read more > 

Zim outpaces peers   

Zimbabwe registered faster economic growth in 2018 compared to the average
growth for the rest of Sub-Saharan Africa, despite battling a myriad of
challenges besetting the economy, chief among them critical shortage of
foreign currency. The domestic economy is expected to have grown by 4
percent last year while the average annual growth for the rest of the
sub-region, generally considered to have relatively more stable economic
jurisdictions, came in at an average 3,2 percent. Although Zimbabwe
continues to face headwinds that include acute foreign currency shortage,
unstable but improving fuel situation, low industrial capacity, dented
investor confidence from the violent stay away, higher inflation and cost of
doing business, the economy is projected to register further nominal growth
this year.  <http://www.bulls.co.zw/> Read more >

Horticulture exports rise   

The country's horticultural exports recorded significant growth in 2018
after more than $112 million worth of produce was exported, up from $50,9
million exported in 2017. According to Zimstat statistics provided by
ZimTrade, the jump in horticulture exports was driven in part by the supply
of produce that Zimbabwe was not previously exporting. In an interview last
week, Zimtrade's acting export development manager Tatenda Murume,
identified the low hanging fruits for the horticulture sector as passion
fruit, fine beans, peas (mange tout and sugar snap, all berries
(blueberries, blackberries, strawberries and raspberries), baby vegetables
such as carrots, baby corn, baby marrow, courgettes, chillies namely the
birds eye, serenade among others and broccoli.  <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

Airzim, Zesa, GMB reforms take off   

The revival of national flag carrier, Air Zimbabwe (Airzim), is on the cards
as Government has resolved to proceed with the acquisition of four Boeing
777 aircraft from Malaysia valued at $70 million. Yesterday, Cabinet also
approved the re-bundling of the Zimbabwe Electricity Supply Authority (ZESA)
and resolved to merge all the group's units into a single integrated
company. The Grain Marketing Board (GMB) will be split into two entities - a
commercial business entity and another responsible for the Strategic Grain
Reserve function.  <http://www.bulls.co.zw/> Read more >

Economic stability by June: Cross   

Zimbabwe has firm macro-economic fundamentals, notwithstanding current
challenges, and the introduction of a new currency will further enhance
stability, according to economist Mr Eddie Cross.  Macro-economic
fundamentals focus on issues that concern an economy at large, including
supply and demand and growth, as well as considerations for monetary or
fiscal policy and international trade. "The underlying economy actually is
fine, it's growing, exports are growing and the fundamentals are strong and
this was reflected by the fact that by Christmas the rate to the RTGS (Real
Time Gross Settlement) dollar had come down to 2,83.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

170 000 register to grow tobacco   

Tobacco grower registrations for the 2019 marketing season have increased by
46 percent from 116 525 farmers last season to 169 772, statistics from the
Tobacco Industry and Marketing Board (TIMB) have shown. Of the registered
growers, 41 021 are new. TIMB said 95 950 communal farmers registered to
grow tobacco for the 2019 marketing season, while 55 573 were from the A1.
There are 9 677 registered farmers from A2, while 8 572 are from the
small-scale farmers. Masvingo is leading with an increase of 63 percent
followed by Midlands with an increase of 56 percent. Mashonaland Central has
the highest number of new registered growers compared to the last marketing
season.  <http://www.bulls.co.zw/> Read more >

TSL seeks to boost forex revenue   

INDUSTRIAL holdings group Tobacco Sales Limited (TSL) will this year focus
on consolidating strategic partnerships with international firms as it seeks
to boost foreign currency revenues to sustain its operations. Of late, a
number of local firms are failing to import critical raw materials to
sustain their operations due to foreign currency shortages. TSL chief
executive Mr Patrick Devenish said his organisation would through a
strategic alliance with international firms bolster forex generation across
its logistics, agriculture, packaging and real estate division to enhance
self-sufficiency.  <http://www.bulls.co.zw/> Read more >

'Victoria Falls is cleanest town in Zim'   

THE country's prime tourism destination, Victoria Falls, has potential to
become the world's cleanest urban centre.Permanent Secretary in the Ministry
of Environment, Tourism and Hospitality Industry Mr Munesu Munodawafa said
this during a National Clean-Up exercise in the resort town last Friday.
President Mnangagwa has declared every first Friday of each month as a
National Clean-Up Day. He said Victoria Falls, which is one of the best
wonders of world, was the cleanest town in Zimbabwe and competes with the
globe's best cities.  <http://www.bulls.co.zw/> Read more >

Hwange board to dispose of land. . .Paves way for power expansion project

HWANGE Local Board intends to dispose of residential and commercial land to
pave way for the development of the $1,4 billion Hwange Thermal Power
Station expansion project.  <http://www.bulls.co.zw/> Read more >

Firm rolls out ICT-based fuel calibrator

A FUEL solutions company, Garage and Forecourt (Pvt) Ltd, is rolling a first
of its kind 3D Laser Scan machine that uses state-of-the-art technology to
calibrate and re-calibrate fuel tanks.
<http://www.bulls.co.zw/2019/02/05/firm-rolls-out-ict-based-fuel-calibrator/
> Read more >

Govt cautious as fuel supply stabilises

Energy and Power Development Minister Joram Gumbo says Government remains
cautiously optimistic that the fuel situation in the country has stabilised
on the back of improved availability and shorter queues.
<http://www.bulls.co.zw/2019/02/05/govt-cautious-as-fuel-supply-stabilises/>
Read more >

New NSSA board appointed

Public Service, Labour and Social Welfare Minister Dr Sekai Nzenza, has
appointed a new board for National Social Security Authority (NSSA)
following dissolution of the previous board last October after.
<http://www.bulls.co.zw/2019/02/05/new-nssa-board-appointed/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Nampak

AGM

68 Birmingham Road, Southerton

06 Feb 2019 - 12pm

Ariston

AGM

Royal Harare Golf Club

19 Feb 2019 - 2:30pm

Zimbabwe

Robert Mugabe National Youth Day

Zimbabwe

21 Feb 2019

Powerspeed

AGM

Boardroom, Gate 1, Powerspeed Complex, Graniteside

28 Feb 2019 - 11am

Zimbabwe 

Independence Day

Zimbabwe

18 Apr 2019 

Good Friday

19 Apr 2019

Easter Saturday

20 Apr 2019

Easter Sunday

21 Apr 2019

Easter Monday

22 Apr 2019

Workers Day

01 May  2019

Africa Day

25 May 2019

REST OF AFRICA

Counters Trading Under Cautionary

Border Timbers

Econet Wireless Zimbawe

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.

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Faith Capital (Pvt) Ltd for general information purposes only and does not
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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
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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
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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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