Bulls n Bears Investors Notebook Issue 188: 11 February 2019

Mon Feb 11 11:54:26 CAT 2019

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Bulls n Bears Investors Notebook Issue 188: 11 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

Zimbabwe miner RioZim again suspends production over dollar payments

HARARE (Reuters) - Zimbabwean gold miner RioZim said on Friday it had
suspended production at its three mines for the second time in four months
because the central bank had failed to pay it in U.S. dollars for part of
its gold deliveries. Gold producers in the southern African country sell
their output to central bank subsidiary Fidelity Printers and Refiners and
are supposed to be paid 55 percent of their earnings in U.S. dollars. The
remainder is paid via electronic dollars into their bank accounts.
<http://www.bulls.co.zw/> Read more >

Millers seek approval to set bread prices

MILLERS have applied to the Competition and Tariff Commission (CTC) to be
allowed to set the prices of products under their purview, rather than have
it done by a government appointed body. The application was made last
Thursday by the Grain Millers Association of Zimbabwe (GMAZ), whose
membership is charged with producing maize meal, baker's flour, self-raising
flour, rice and salt.  <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

Cotton players decry textile industry collapse

The Association of Cotton Value Adders of Zimbabwe (ACVAZ) has bemoaned the
collapse of giant textile companies, saying it was affecting the local
value-addition of seed cotton.

At its prime, the industry employed about 24 000 people, but less than 4 000
are now under its payroll, according to the Zimbabwe Textile Union. Textile
players, David Whitehead, Merspin, National Blankets, Karina Textiles and
Modzone Enterprises have either shut down or are under judicial management.
<http://www.bulls.co.zw/> Read more >

Inflation hits retail sector

THE retail sector in Zimbabwe is seen declining this year due to high
inflation and a widening rift between prices and incomes, the Confederation
of Zimbabwe Retailers (CZR) has said. CZR president Denford Mutashu told
NewsDay in an interview that 2019 had started off with high inflation and a
widening rift between prices and incomes, which was not good recipe for
retail growth.  <http://www.bulls.co.zw/> Read more >

The blind side of 'Zim is open for business' agenda

GOVERNMENT is on an overdrive to attract investment to stimulate
socio-economic development. Since Zimbabwe is endowed with mineral resource
wealth, mining is the heart-beat of the "Zimbabwe is open for business"
mantra. By nature, mining is a capital-intensive business. Attracting
investments, therefore, is critical to turn mineral wealth into modern
schools, hospitals, roads and water infrastructure. Care must be taken,
however, to choose investors who do not swindle citizens of their right to
get a fair share of benefits from mining.  <http://www.bulls.co.zw/> Read
more >

Zim inflation to drop by October   

Zimbabwe's annual rate of inflation will drop drastically to single digit
levels in October this year because the disparity between the baseline index
for that month compared to the same period last year will be much lower,
Finance and Economic Development Minister Professor Mthuli Ncube has said.
The country's annual rate of inflation rose sharply to a record 20,8 percent
in October 2018 after it gained 15,46 percentage points on the September
2018 rate of 5,39 percent, the Zimbabwe National Statistical Agency reported
then.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

AHFoZ hikes service fees   

Medical aid societies under the banner of the Association of Healthcare
Funders of Zimbabwe (AHFoZ) have agreed to up the fees payable to healthcare
service providers with effect from today (Monday 11 February 2019). This
comes as private healthcare service providers last year moved to start
charging their patients in United States   dollars. However, the increases,
AHFoZ said, only apply to Real Time Gross Settlement (RTGS) transactions.
<http://www.bulls.co.zw/> Read more >

Zim looks Estonia for tech cooperation

PRESIDENT Mnangagwa yesterday met Estonian President Eesti Vabariigi and the
two leaders discussed economic cooperation. Estonia is arguably the most
digital society in the world as the former Soviet republic.
<http://www.bulls.co.zw/2019/02/11/zim-looks-estonia-for-tech-cooperation/>
Read more >

 <mailto:info at bulls.co.zw> 

Zim, 3 others seek lifting of ivory trade ban

Zimbabwe, together with Botswana, Namibia and South Africa, have applied
again to Cites, the global watchdog for endangered animal species, to have a
ban on the commercial trade of their.
<http://www.bulls.co.zw/2019/02/11/zim-3-others-seek-lifting-of-ivory-trade-
ban/> Read more >

Dendairy to commission three packaging lines

KWEKWE-BASED dairy producer, Dendairy, is set to commission three new
packaging lines as part of the company's ongoing expansion programme. The
firm has embarked on an expansion programme with a.
<http://www.bulls.co.zw/2019/02/11/dendairy-to-commission-three-packaging-li
nes/> Read more >

'Zimbabwe has enough grain reserves'

ZIMBABWE has enough grain reserves to feed the nation throughout the year,
the Minister of Public Service, Labour and Social Welfare, Dr Sekai Nzenza,
has said. She said this was.
<http://www.bulls.co.zw/2019/02/11/zimbabwe-has-enough-grain-reserves/> Read
more >

Masiyiwas avail $60 million towards cholera response

The family foundation of Econet founders Strive and Tsitsi Masiyiwa has
committed an additional US$60 million towards the cholera response in
Zimbabwe. The commitment comes on the back of an.
<http://www.bulls.co.zw/2019/02/11/masiyiwas-avail-60-million-towards-choler
a-response/> Read more >

'Zimbabwe returning to domestic currency'. . . Country used US$300 million
to import USDs annually . . . Minister rules out introduction of South
African Rand

Zimbabwe will reintroduce domestic currency only when conditions are ripe
and critical economic fundamentals are in place since using the US dollar as
an anchor currency is now unsustainable, according.
<http://www.bulls.co.zw/2019/02/11/zimbabwe-returning-to-domestic-currency-c
ountry-used-us300-million-to-import-usds-annually-minister-rules-out-introdu
ction-of-south-african-rand/> Read more >

ASX says Zim can attract US$12bn over 5yrs

Zimbabwe has potential to attract foreign direct investment amounting to
US$12 billion over the next five years, Australia Stock Exchange (ASX)
listed miner and developer of the country's most promising.
<http://www.bulls.co.zw/2019/02/11/asx-says-zim-can-attract-us12bn-over-5yrs
/> Read more >

Fossil-Agro engages Chinese investor

HARARE - Agro-chemicals distribution group, Fossil-Agro (Pvt) Limited says
it is in negotiations with a Chinese investor to setup a manufacturing and
packaging plant in the country as the firm.
<http://www.bulls.co.zw/2019/02/11/fossil-agro-engages-chinese-investor/>
Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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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