Bulls n Bears Investors Notebook Issue 186: 07 February 2019

Thu Feb 7 11:04:04 CAT 2019

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Bulls n Bears Investors Notebook Issue 186: 07 February 2019

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Strive Masiyiwa And Wife Tsitsi Avail US$100 million To Support Rural
Businesses

Econet founder Strive Masiyiwa and his wife Tsitsi have announced a US$100
million revolving fund for the support of rural businesses in Zimbabwe.
Masiyiwa said he has appealed to his friends to avail more funds so that the
project can be expanded across Africa. Said Masiyiwa: My wife and I have
decided to set up a special fund of $100m over 5 years for ReImagine Rural
in Zimbabwe. We have also challenged our friends in the philanthropy
community to join us to expand it across Africa. The fund which is our own
personal money will be disbursed as loans through Steward Bank (a member of
the Econet group).
<http://www.bulls.co.zw/2019/02/07/strive-masiyiwa-and-wife-tsitsi-avail-us1
00-million-to-support-rural-businesses/> Read more >

PPC volumes up

Pretoria Portland Cement (PPC) says volumes at its local unit grew by a
single digit, compared to the same period last year due to operational
challenges experienced in the third quarter of the financial year. In an
operational update for the nine months to December 2018, the South
Africa-headquartered cement giant bemoaned the recent spate of price hikes,
which it said placed consumers under strain. Government last month increased
fuel prices by 150%, resulting in the price of petrol surging from $1,43 a
litre to $3,31, with diesel increasing from $1,38 to $3,11 per litre.
<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

Employers to meet Labour minister

EMPLOYERS Confederation of Zimbabwe (Emcoz) will this month hold a crucial
meeting with Labour minister Sekai Nzenza over the state of the economy. The
meeting comes at a time the economy is experiencing a sharp decline,
characterised by a pressing foreign currency deficit, cash and fuel
shortages, which have resulted in sharp price hikes and shortages of basic
commodities. <http://www.bulls.co.zw/> Read more >

SEZ approves investors for Byo

The Special Economic Zones Authority says it has approved three investors
for special economic zone status in Bulawayo. This follows the declaration
of Belmont, Kelvin and Donnington industrial areas as a special economic
zone corridor in Bulawayo. One of the companies, Chingases, will venture
into the production of gas for domestic, industrial and medical purposes.
The project is expected to attract $5 million in foreign direct investment
(FDI).  <http://www.bulls.co.zw/> Read more >

ZSE suspends Falgold

The Zimbabwe Stock Exchange Limited (ZSE) has suspended Falcon Gold Zimbabwe
Limited (Falgold) from trading on the local bourse after the gold miner
failed to publish its financial results for the year ended September 30,
2018. <http://www.bulls.co.zw/> Read more > 

Zesa CEO Chifamba pushed out

ZESA Holdings chief executive Joshua Chifamba has been pushed out after the
board decided not to extend his second term contract following his
suspension and subsequent arrest last year over damning allegations of
corruption and criminal abuse of office.
<http://www.bulls.co.zw/2019/02/07/zesa-ceo-chifamba-pushed-out/> Read more
>

Zimbabwe Tourism Authority (ZTA) Appoints New Acting CEO

Zimbabwe Tourism Authority Board member Mrs Rita Likukuma has been appointed
ZTA Acting Chief Executive with effect from the first of this month. In a
statement, ZTA Head Corporate Affairs.
<http://www.bulls.co.zw/2019/02/07/zimbabwe-tourism-authority-zta-appoints-n
ew-acting-ceo/> Read more >

 <mailto:info at bulls.co.zw> 

Major shareholder cuts off forex support to Nampak

PACKAGING manufacturer Nampak Zimbabwe says it has been cut off by its major
shareholder Nampak Holdings, which has been assisting it with foreign
currency due to non-payment of outstanding debts..
<http://www.bulls.co.zw/2019/02/07/major-shareholder-cuts-off-forex-support-
to-nampak/> Read more >

Parly seeks industry revival

The Parliamentary Portfolio Committee on Industry and Commerce has begun
visiting the country's manufacturing sector to appreciate the challenges it
contends with, so as to prod Government to intervene with.
<http://www.bulls.co.zw/2019/02/07/parly-seeks-industry-revival/> Read more
>

 <mailto:info at bulls.co.zw> 

Industry captains hail parastatal reforms

Businesses have welcomed Government's move towards reforming some strategic
State enterprises as they are key enablers to industry performance and
overall economic growth. These should see the country meeting the.
<http://www.bulls.co.zw/2019/02/07/industry-captains-hail-parastatal-reforms
/> Read more >

'Cement pricing aligned with inflationary rise'

LEADING cement manufacturer, Pretoria Portland Cement (PPC), says despite
the difficult trading conditions, average cement prices in the Southern
Africa region last year increased marginally by between one and two.
<http://www.bulls.co.zw/2019/02/07/cement-pricing-aligned-with-inflationary-
rise/> Read more >

ZFU urges farmers to use irrigation

THE Zimbabwe Farmers' Union (ZFU) has urged farmers with access to
irrigation facilities to exploit the usage of the infrastructure to
complement the rainfall being received across the country and.
<http://www.bulls.co.zw/2019/02/07/zfu-urges-farmers-to-use-irrigation/>
Read more >

There Is More To An Economy Than The Value Of Bond Notes

My colleague has already delivered his rebuttal to Mr Eddie Cross's claim
that the bond note is the strongest currency in Southern Africa. In this
article I am going to.
<http://www.bulls.co.zw/2019/02/07/there-is-more-to-an-economy-than-the-valu
e-of-bond-notes/> Read more >

ZTA descends on lodges

THE Zimbabwe Tourism Authority (ZTA) and Victoria Falls Municipality have
launched a crackdown on unregistered lodges in the resort town, threatening
to close unlicensed ones. Sweet Homes Lodge has since.
<http://www.bulls.co.zw/2019/02/07/zta-descends-on-lodges/> Read more >

Multichoice Reassures Investors That DStv Is Still Far Ahead Of Netflix In
Africa

Naspers decided that they will be listing Multichoice (parent company of
DStv) separately on the JSE and that process is now underway. Multichoice
has been showing potential investors what they.
<http://www.bulls.co.zw/2019/02/07/multichoice-reassures-investors-that-dstv
-is-still-far-ahead-of-netflix-in-africa/> 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.

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 

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