Bulls n Bears Investors Notebook Issue 196: 22 February 2019

Fri Feb 22 10:09:57 CAT 2019

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Bulls n Bears Investors Notebook Issue 196: 22 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 scraps bond-note dollar peg, paves way for exchange rate slide

(Reuters) - Zimbabwe scrapped the peg between its quasi-currency bond note
and the U.S dollar on Wednesday, its central bank governor said, potentially
paving the way for its official currency exchange rate to slide sharply to
match its value on the streets. Central Bank Governor John Mangudya said the
surrogate bond notes and electronic dollars known as Real Time Gross
Settlement (RTGS) would trade in a managed float against the U.S. dollar and
other foreign currencies in a new foreign exchange interbank market launched
on Wednesday.
<http://www.bulls.co.zw/2019/02/20/the-rbz-is-going-to-devalue-the-bond-toda
y-bloomberg/> Read more >

Banking sector stable, but assets quality deteriorates

ZIMBABWE'S banking sector remained generally stable and adequately
capitalised during the year ended December 2018, but the quality of assets
deteriorated as reflected by the increase in the average non-performing
loans (NPLs) to total loans ratio, the central bank has revealed. The
country has 19 banking institutions, which include commercial banks,
building societies and a savings bank.
<http://www.bulls.co.zw/2019/02/20/record-200m-share-trade-was-just-strive-d
oing-some-housekeeping/> Read more >

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

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

Processed transactions value surge 62% to $151,75bn

Zimbabwe registered a 62% increase in the value of transactions processed on
its payment system to $151,75 billion in 2018 from $93,83 billion in the
prior year, driven mainly by real time gross settlement (RTGS) transactions,
official data has shown. According to the Monetary Policy Statement (MPS)
released on Wednesday, the volume of transactions on the national payment
system surged by 98% to 1,96 billion from 988 million in 2017.
<http://www.bulls.co.zw/2019/02/20/zinara-rules-out-tollgate-fees-hike/>
Read more >

US$ remains the base currency for trading: Zimcodd

THE Zimbabwe Coalition on Debt and Development (Zimcodd) says the United
States dollar will remain the base currency for trading purposes in Zimbabwe
because businesses prefer trading in a stable currency. In his monetary
policy statement on Wednesday, central bank governor John Mangudya
effectively brought back the local currency after denoting the existing
electronic balances, bond notes and coins in circulation as real time gross
settlement (RTGS) dollars, making them official legal tender alongside a
basket of other currencies.
<http://www.bulls.co.zw/2019/02/20/telone-targets-165m-revenue/> Read more >

ZETDC sues Metallon over $9,3m power debt

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has
taken Metallon Gold Zimbabwe to court to compel the gold miner to settle a
$9,3 million bill for power supplied to.
<http://www.bulls.co.zw/2019/02/22/zetdc-sues-metallon-over-93m-power-debt/>
Read more >

 <mailto:info at bulls.co.zw> 

Meikles swindled $1,7 million

LISTED conglomerate Meikles Limited has approached the High Court seeking an
order compelling a local firm, Wide Free Investments (Pvt) Ltd T/A Core
Solutions, to reimburse it over $1,7 million.
<http://www.bulls.co.zw/2019/02/22/meikles-swindled-17-million/> Read more >

Karo commences platinum exploration

Karo Mining Holdings has commenced exploration to delineate the platinum
group metals (PGM) resource at its mining concession on Zimbabwe's mineral
rich Great Dyke. Located in Mhondoro-Ngezi mineral belt west.
<http://www.bulls.co.zw/2019/02/22/karo-commences-platinum-exploration/>
Read more >

 <mailto:info at bulls.co.zw> 

Varun Beverages eyes agro-processing

Indian beverages firm, Varun Beverages, is eyeing agro-processing business
in a move meant to boost export earnings for the country with an investment
of not less than US$30 million in.
<http://www.bulls.co.zw/2019/02/22/varun-beverages-eyes-agro-processing/>
Read more >

Chrome producers feel the heat

Local ferrochrome producers are starting to feel the heat over plummeting
global chrome prices that are likely to affect their viability with far
reaching implications on the economy. According to.
<http://www.bulls.co.zw/2019/02/22/chrome-producers-feel-the-heat/> Read
more >

Zim to sign air service pacts with Oman, Sri Lanka

The Zimbabwe has approved the signing of bilateral air service agreements
with Oman and Sri-Lanka as authorities forge on with efforts to make the
country open and accessible to the.
<http://www.bulls.co.zw/2019/02/22/zim-to-sign-air-service-pacts-with-oman-s
ri-lanka/> Read more >

Registry to keep credit culture in check

About 18 banking institutions and 140 financial institutions have to date
registered to be part of the Reserve Bank of Zimbabwe's Credit Registry, as
the apex bank moves to keep.
<http://www.bulls.co.zw/2019/02/22/registry-to-keep-credit-culture-in-check/
> Read more >

Mthuli declares war on inflation

Finance and Economic Development Minister Professor Mthuli Ncube says
Government will continue to implement appropriate fiscal measures to bring
inflation down to single-digit levels by year end. Inflation, which erodes.
<http://www.bulls.co.zw/2019/02/22/mthuli-declares-war-on-inflation/> Read
more >

Govt earmarks $150m for highway rehab

Government has set aside $150 million for the rehabilitation of
accident-prone Beitbridge-Harare-Chirundu Highway. Speaking at a
construction site in Beatrice where Department of Roads workers were
completing a three-kilometre detour,.
<http://www.bulls.co.zw/2019/02/22/govt-earmarks-150m-for-highway-rehab/>
Read more >

Cabinet cancels six ZMDC tenders

Cabinet has approved the cancellation of six tenders for Zimbabwe Mining
Development Corporation (ZMDC) subsidiaries aimed at reviving the entities
after the bids failed to satisfy a review process, Information,.
<http://www.bulls.co.zw/2019/02/22/cabinet-cancels-six-zmdc-tenders/> Read
more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

ART

AGM

202 Seke Road, Graniteside

27 Feb 2019 2:30pm

Cafca

AGM

Boardroom, Head Office, 54 Lytton Road, Workington

28 Feb 2019 12pm

Powerspeed

AGM

Boardroom, Gate 1, Powerspeed Complex, Graniteside

28 Feb 2019 - 11am

Willdale

AGM

Boardroom, Willdale Adminstration Block, Teneriffe Factory, 19.5km peg
Lomagundi Road, Mt Hampden

07 March 2019 11am

Mash

AGM

Boardroom, ZB Life Towers, 77 Jason Moyo Avenue

18 March 2019 12pm

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

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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