Bulls n Bears Investors Notebook Issue 191: 14 February 2019

Thu Feb 14 06:59:49 CAT 2019

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Bulls n Bears Investors Notebook Issue 191: 14 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

Econet injects $45 million in solar project

UGESI Energy, a pan-African company within the Econet Energy Group, is
targeting to invest $45 million in the first phase of its community solar
programme launched in Bulawayo yesterday, an official has said. Speaking to
journalists on the sidelines of the project launch, Econet Energy Group
executive Norman Moyo said the company was planning to build solar
mini-grids on 100 sites across rural Zimbabwe, starting in the Matabeleland
region.  <http://www.bulls.co.zw/> Read more >

Chinese tile maker seeks waiver on capital equipment

CHINESE-owned ceramic company, Sunny Yi Feng, which is constructing a tile
manufacturing plant in Norton, has pleaded with the Zimbabwe Revenue
Authority (Zimra) to consider waiving duty on the importation of capital
equipment. Addressing journalists during a familiarisation tour of the plant
on Tuesday, managing director William Gung said the company was importing
machinery from China, which has to be broken into importable pieces, which
he said was attracting heavy taxation from Zimra.  <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

Finance minister pledges to tackle capital flight

FINANCE minister Mthuli Ncube on Monday pledged to support food and beverage
manufacturer, Nestle Private Limited, as government desperately tries to
contain capital flight. A large number of companies are experiencing
viability problems due to scarce foreign currency to source raw materials
and machinery and are on the verge of collapse, while some have already
suspended operations. Singapore-domiciled cooking oil manufacturer, Surface
Wilmar last month discontinued operations as a result of foreign exchange
shortages.  <http://www.bulls.co.zw/> Read more >

German SES to increase technology uptake among Zim's SMEs

German Senior Expert Services (German SES), a development agency, will
tomorrow hold an awareness seminar to increase uptake of technology in
Zimbabwe's small to medium enterprises. In a Press release Zimbabwe SES
representative Bernd Doppelfeld said the seminar aims to help local SMEs
understand how to utilise technology in the different sectors of the
economy.  <http://www.bulls.co.zw/> Read more >

Govt committed to easing cost of doing business   

GOVERNMENT is committed to reducing the cost of doing business as the
country seeks to attract and retain foreign direct investments, Industry and
Commerce Minister Nqobizitha Ndlovu has said. Minister Ndlovu said this
during a tour of Sunny Yi Feng Tiles Zimbabwe (Pvt) Ltd's factory in Norton,
where he was assessing progress of the project. The venture, which was
granted National Project Status, is expected to be the biggest tile plant in
Southern Africa employing at least 1 700 people, with priority being given
to those living in surrounding areas.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Dairibord seeks forex duty exemption   

Milk processor, Dairibord Zimbabwe Limited (DZL), has approached Government
with a view to be exempted from paying duty in foreign currency for imported
raw materials particularly concentrates that are used for making juices.
This comes amid reports local firms are losing business to foreign companies
mainly from South Africa that can afford to reduce their prices by up to 25
percent since they use a softer currency. DZL argues paying duty in local
currency is designed to ensure the products are sold at affordable prices.
<http://www.bulls.co.zw/> Read more >

Electricity situation under control: Zesa   

Zimbabweans should not panic over the availability of electricity following
resumption of rolling power blackouts in South Africa, amid indications the
country now has the bulk of its power needs after refurbishing and expanding
key generation infrastructure. Hwange Thermal Power Station and the Kariba
South Hydropower Plant, have been refurbished and expanded recently, helping
the country to cut the import bill by almost $12 million per month as the
internal generation has not only stabilised, but also increased.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Buy Zimbabwe happy with Government support   

Buy Zimbabwe says it is satisfied with the progress Government is making in
value chains development across sectors, as a means to boost industry and
achieve an all-inclusive growth. Value chains are crucial to industry due to
their focus on the sub-sectors that are most relevant for job creation,
strengthen enterprises, business relationships and services, market
structures as well as the business environment so that they channel more
benefits to the local people.  <http://www.bulls.co.zw/> Read more >

Govt urged to re-align departments   

Government needs to re-align its departments and ensure they belong to
correct ministries so as to ensure efficiency in the way it conducts
business, Speaker of the National Assembly Advocate Jacob Mudenda has said.
Speaking at an awareness workshop on the African Continental Free Trade Area
held recently, Adv Mudenda said there was a need to clearly streamline
departments that are placed under different ministries in order to maximise
their benefit to the country's economy.  <http://www.bulls.co.zw/> Read more
>

Farm workers' allowances increased   

FARM workers will have a little cheer after their employers increased their
accommodation, transport, fuel and light allowances with effect from January
1, 2019. The allowances were reviewed following months of negotiations as
both farmers and employees sought ways to cushion the latter against the
rising cost of living. In an interview, National Employment Council (NEC)
for the Agricultural Industry chief executive David Madyausiku, said the
farm workers' allowances were last increased in 2009.
<http://www.bulls.co.zw/> Read more >

RTG partners small players   

GIANT hospitality concern Rainbow Tourism Group (RTG) continues to guide the
industry in the development and support of smaller players in the industry
through its virtual platform and GatewayStream mobile and Internet
application.  The RTG Virtual was launched in 2014, while GatewayStream was
launched in February 2018.  RTG Virtual is a partnership platform between
the hospitality group and selected hotels, lodges and tourism activity
companies in Zimbabwe.  <http://www.bulls.co.zw/> Read more >

Bank injects $10m into youth projects   

ABOUT $10 million has been allocated towards financing business projects for
marginalised youths nationwide through Empower Bank, an official from the
microfinance institution has said. Addressing youths from Matabeleland South
Province in Gwanda on Monday, Empower Bank Bulawayo branch manager, Mrs
Linda Dube, urged youths from the province to fully utilise the funding
opportunity by submitting their business proposals.
<http://www.bulls.co.zw/> Read more >

Monetary policy should deal with price distortions: Business   

THE forthcoming Monetary Policy Statement should address the wanton price
increases on the market and restore financial stability to protect consumer
savings and foster economic growth, business leaders have said. With Reserve
Bank of Zimbabwe (RBZ) Governor Dr John Mangudya expected to present this
year's Monetary Policy Statement anytime soon, there is a public outcry over
unjustified price increases largely fuelled by distortions in the parallel
market exchange rates.  <http://www.bulls.co.zw/> Read more >

Bulawayo firm diversifies into oil and gas   

BULAWAYO-based engineering firm, Jacob Bethel Corporation (JBC), has
diversified its operations into oil and gas after clinching distribution
licences for lubricants with two international giants in the energy sector.
The two global brands are Abu Dhabi National Oil Company (Adnoc) and
Gazpromneft. JBC, which is headquartered in Bulawayo, has also ventured into
the wholesale of Liquid Petroleum Gas (LPG) and has established a 67-tonne
storage facility at its plant in Belmont area.  <http://www.bulls.co.zw/>
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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