Bulls n Bears Investors Notebook Issue 194: 19 February 2019

Tue Feb 19 09:21:35 CAT 2019

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Bulls n Bears Investors Notebook Issue 194: 19 February 2019

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

Bulls 'n Bears Investors Diary: Today's Events

Ariston

AGM

Royal Harare Golf Club

19 Feb 2019 - 2:30pm

Quotable Quote:

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

Investing through shares - Save, Invest and Earn

There are many factors that facilitate the strength and growth of a
country's economy and its saving and investment culture is another factor.
According to figures in the Bankers Association of Zimbabwe economic
bulletin, Zimbabwe's savings rate as a percentage of GDP is estimated at
less than 10%. This is very disturbing as savings and investments form a
foundation of a successful growing economy, seeking self-sufficiency in
providing for its citizens as well as creating certainty and financial
independence for its people. To grow the economy and to develop the means to
deal with the problems like poverty there is need to undertake a drive to
save and invest.  <http://www.bulls.co.zw/> Read more >

Inflation seen slowing down in October

ZIMBABWE'S central bank expects inflation to start slowing by October and
believes current inflationary pressures are a temporary phenomenon despite
hitting a 10-year high of 56,9 % in January. "Yes, inflation has gone up in
January, but you also need to understand what drives this inflation. You
also need to understand if this inflation is a temporary thing or permanent
phenomenon. My take is that the inflation we are witnessing now is a
temporary phenomenon," Reserve Bank of Zimbabwe (RBZ) deputy director for
economic research, Nebson Mupunga, said at the Employers Confederation of
Zimbabwe breakfast meeting in Harare yesterday.  <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

Small-scale egg producers' output drops 4%

ZIMBABWE'S egg production tumbled by 4% to 36,4 million dozens in 2018, as
output by small-scale producers fell, according to a fourth quarter
performance report by the Zimbabwe Poultry Association (ZPA). In the report,
ZPA chairperson Solomon Zawe said the large-scale in-lay layer production
stocks continued to improve and in the fourth quarter of 2018, were 27%
higher than in the third quarter, and 87% than stocks in the fourth quarter
of 2017.   <http://www.bulls.co.zw/> Read more >

ZSE shares value surge 33% to $926,3m

THE value of shares that were traded on the Zimbabwe Stock Exchange (ZSE)
was up 33% in 2018 to $926,3 million, as resurgent inflationary pressures
forced investors to seek refuge in equities, an official has said. In the
same period in 2017, turnover was at $694,9 million. ZSE acting chief
executive Martin Matanda told NewsDay that the local bourse recorded strong
performance in 2018, compared to the previous years.
<http://www.bulls.co.zw/> Read more >

Stanbic unveils $41 000 for Murehwa bridge   

Stanbic Bank Zimbabwe has availed $41 000 towards the construction of
Shavanhowe Bridge in Murehwa, 90km north east of Harare. This adds to the
financial institution's list of high-impact community assistance over the
years. The donation by the bank is in keeping with the financial service
institution's quest to support children, education and communities through a
comprehensive Corporate Social Investment (CSI) strategy. Rural communities
contribute significantly towards economic development.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

CZI lobbies for currency trading platform   

Zimbabwe's industrial representative body, the Confederation of Zimbabwe
Industries (CZI) is lobbying Government to avail a platform for businesses
to legally trade currency to cushion them from foreign currency shortages
that are chocking operations, CZI president Silefani Jabangwe has said.
During the fourth quarter of last year several businesses had either closed
down or resorted to selling their products in hard currency arguing that the
shortages were adversely affecting business operations. At its latest
manufacturing sector survey, the association said it was anticipating a dip
in capacity utilisation this year from the current 48 percent on the back of
foreign currency and the increasing costs of doing business, a situation
that Mr Jabangwe says could change if an efficient hard currency allocation
platform is availed for business.  <http://www.bulls.co.zw/> Read more >

Varun Beverages gets SEZ status   

Beverages manufacturer, Varun Beverages, has been declared a special
economic zone, as Government seeks to incentivise the firm that is
reportedly planning to put up a new $23 million plant. Varun Beverages has
already set up a $40 million beverages plant that produces a range of
products that include Pepsi, Mirinda, Mountain Dew and 7Up. In June last
year, the company launched its plant, which has an installed capacity of 600
000 bottles per day.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

'China has confidence in Zim'   

China has confidence that Zimbabwe will achieve its developmental goals
under the leadership of President Mnangagwa, whose reforms will transform
the country and attract more investors, the Asian giant's acting ambassador
here has said. Addressing delegates during the 2019 Chinese Spring Festival
gala in Harare on Sunday night, Acting Chinese Ambassador to Zimbabwe Mr
Zhao Baogang, who is also the Charge d'Affaires at the embassy, noted that
Zimbabwe had faced developmental challenges but would achieve its goals. He
predicted that the country would achieve President Mnangagwa's vision of
transforming Zimbabwe into an upper middle income economy by 2030.
<http://www.bulls.co.zw/> Read more >

New steel factory for Bulawayo   

A LOCAL company, Primetone Investments is in discussions with an Asian group
of companies, Kanku International, to set up a US$250 000 steel
manufacturing plant in Bulawayo. In an interview during a tour of the site
in Kelvin Industrial area by Industry and Commerce Deputy Minister Raj Modi
and Kanku International managing director Mr Mukesh Kothari, where the steel
plant would be established, one of Primetone directors Mr Kudzai Mumvuri
said their Indian counterparts were in strategic partnership negotiations.
"They are planning to invest in this company Primetone Investments and once
it becomes operational this company has capacity to employ over 250 people
and of that figure maybe close to 200 people will be general labour," said
Mr Mumvuri.  <http://www.bulls.co.zw/> Read more >

Merlin court case crumbles   

THE Supreme Court has abandoned an appeal by Merlin Limited judicial
manager, Mr Cecil Madondo, against a High Court ruling after he failed to
follow it up within the specified timeframe. On the 8th of November 2018
under case number 2724/18, Justice Martin Makonese, sitting in the High
Court in Bulawayo, ruled that the judgment of the court in HC 2353/11, which
placed Merlin (Private) Limited under judicial management, did not in any
way affect the status of Merspin Limited. Consequently, Merlin Limited was
declared as a fictitious and non-existent company.
<http://www.bulls.co.zw/> Read more >

Econet solar project will transform lives: Masiyiwa   

ECONET founder Mr Strive Masiyiwa has said mini power grids based on solar
energy being spearheaded by his company are the solution to Africa's energy
problem. The Zimbabwean billionaire made the bold prediction at a recent
global conference of investors in Abu Dhabi, the United Arab Emirates. "The
technology for solar power and battery storage has reached a stage where the
cost and capability will deliver power to all within a generation.
"Twenty-five years from now, it will be difficult to find anyone in Africa
who does not have access to power because of the profound technological
solutions that make it possible for entrepreneurs to solve this problem," Mr
Masiyiwa said.  <http://www.bulls.co.zw/> Read more >

Rio-Zim resumes full scale operations

ZIMBABWE Stock Exchange-listed miner, RioZim Limited has announced full
scale resumption of gold mining operations following clearance of arrear
payments facilitated by the Reserve Bank of Zimbabwe. In a Press.
<http://www.bulls.co.zw/2019/02/18/rio-zim-resumes-full-scale-operations/>
Read more >

Economists want US dollar floated

Zimbabwean economists wantReserve Bank of Zimbabwe Governor Dr John Mangudya
to increase foreign currency retention thresholds for exporters, libelarise
the US dollar exchange rate and introduce an interbank market as.
<http://www.bulls.co.zw/2019/02/18/economists-want-us-dollar-floated/> Read
more >

Black market forex rates fairly stable since January

BLACK market foreign currency exchange rates have remained fairly stable for
almost two months with dealers attributing the trend to a reduction in
demand. A random assessment by NewZimbabwe.com Business.
<http://www.bulls.co.zw/2019/02/18/black-market-forex-rates-fairly-stable-si
nce-january/> 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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