Bulls n Bears Investors Notebook Issue 198: 26 February 2019

Tue Feb 26 11:26:24 CAT 2019

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Bulls n Bears Investors Notebook Issue 198: 26 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 to manage volatility of new RTGS currency - finmin

(Reuters) - Zimbabwe’s central bank will buy or sell dollars to manage
volatility in the RTGS currency it launched last week, Finance Minister
Mthuli Ncube said on Monday, adding that the level of 2.5 RTGS to the U.S.
dollar was appropriate for now. Ncube told Reuters in an interview in Harare
that investors should not worry about the Zimbabwean government ramping up
issuance of Treasury bills. He said: “That tap is closed for now.”
<http://www.bulls.co.zw/> Read more »

In tentative rollout, Zimbabwe banks start trading new currency

HARARE, (Reuters) - Zimbabwe’s commercial banks started trading the RTGS
dollar on Monday, but authorities offered no indication as to how ordinary
citizens would interact with the country’s new transitional currency five
days after it was introduced. Zimbabwe ditched a dollar peg for its
surrogate bond notes and electronic dollars on Wednesday, merging them into
the RTGS dollar in an effort to revive a crippled economy and address a cash
crunch that has undermined President Emmerson Mnangagwa’s efforts attract
foreign investment.  <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

Illegal Forex Dealers ‘Offer The Most Attractive Rate’

Illegal foreign currency dealers remain optimistic that their operations
will not be affected by the introduction of the interbank market auction of
the real-time gross settlement dollars (RTGS$). US$100 is being exchanged
for $370 RTGS$ or bond note on the black market, while on the interbank
market it is trading at 1:2,5.  <http://www.bulls.co.zw/> Read more »

Bots bailout for Zim. . .Billion pula credit facility on the table   

BOTSWANA is extending $600 million in two major facilities to Zimbabwe’s
private sector and diamond industry that will give relations between the two
country a huge lift. Zimbabwe this week hosts Botswana for a Bi-National
Commission which will result in the signing of the agreements by Presidents
Mnangagwa and Mokgweetsi Masisi on Thursday. Preparatory meetings for the
event began yesterday and Zimbabwe’s Foreign Affairs and International Trade
permanent secretary, Ambassador James Manzou, who opened the two-day meeting
pitting officials from both countries, revealed the details.
<http://www.bulls.co.zw/> Read more »

CCZ hails mass transport system   

THE Consumer Council of Zimbabwe (CCZ) has hailed the re-introduction of
buses into the urban transport system, saying the move will greatly aid
efforts to resuscitate the economy and cushion consumers. Last month
Government through the Zimbabwe United Passenger Company (Zupco) pulled a
smart partnership with private players in the transport sector by providing
buses to ply the intra-city routes countrywide as traditional kombis were
over-charging commuters. The coming in of Zupco buses has stabilised
commuter fares at $1 compared to $2, which was being demanded by kombis.
<http://www.bulls.co.zw/> Read more »

 <mailto:info at bulls.co.zw> 

Zim urged to rally behind monetary policy statement   

BUSINESS leaders have called on the generality of the Zimbabweans to embrace
the 2019 Reserve Bank of Zimbabwe (RBZ) Monetary Policy Statement in order
for the country to achieve the much needed economic turnaround. In separate
interviews, captains of industry said the monetary policy statement
announced by the RBZ Governor, Dr John Mangudya, last Thursday was a step in
the right direction and needs to be supported by all citizens to ensure
successful implementation.  <http://www.bulls.co.zw/> Read more »

ZimCoke to invest in HCCL coke division   

ZIMCOKE (Pvt) Limited is set to invest about $75 million into Hwange
Colliery Company Limited’s coke division in a bid to capacitate the company
and enhance increased production. ZimCoke is in the last stages of taking
over a coking plant within the defunct steelmaking giant, Ziscosteel, with
renovations set to commence at the coking plant. ZimCoke took over a coke
oven battery plant segment within Ziscosteel under a $133 million deal.
<http://www.bulls.co.zw/> Read more »

 <mailto:info at bulls.co.zw> 

Forex rentals risky, property owners warned   

DEMANDING rentals in foreign currency is not sustainable under the
prevailing economic conditions and property owners who do so risk having
their houses or offices lying idle, a real estate agency has warned. In an
interview with Business Chronicle, Property 101 chief executive officer, Mr
Morris Hove, advised property owners to tread carefully in seeking a shift
towards US dollar rentals as most Zimbabweans were not earning salaries in
forex.  <http://www.bulls.co.zw/> Read more »

Vic Falls among new global sites to go green on St Patrick’s Day   

ONE of the largest waterfalls in the world, Victoria Falls in Zimbabwe, is
among the new sites being added to Tourism Ireland’s global greening
initiative for St Patrick’s Day. The March 17th project is marking its 10th
year and will feature new additions such as the Eden Project in Cornwall,
York’s medieval city walls and the Cotton Tree in Sierra Leone. Other new
greening sites added to the list include a leopard statue called “Chiu” in
Nairobi, Nation Towers in Abu Dhabi, the Château de Beaulieu on the banks of
the Loire, the Atakule Tower in Ankara and the Shizuoka Stadium ECOPA in
Japan.  <http://www.bulls.co.zw/> Read more »

Industry welcomes BNCs   

INDUSTRIALISTS expect to cash in on the deals set to be signed between
Zimbabwe and Botswana, and explore opportunities to deepen their footprint
in the neighbouring country. Preparatory meetings for the inaugural
Zimbabwe-Botswana Bi-National Commission started yesterday, with Foreign
Affairs and International Trade permanent secretary Ambassador James Manzou,
indicating that the meetings would finalise the operationalisation of almost
US$600 million in facilities for the country’s private sector and diamond
industry.  <http://www.bulls.co.zw/> Read more »

Whitewater rafting activities move downstream   

THE Rafting Association of Zimbabwe (RAZ) has stopped white water rafting
activities in some parts of the Zambezi River and moved downstream owing to
rising water levels.  Usually the rafting season closes for a few months
between March and June depending on which month the river receives huge
inflows from upstream. Of late, rafting activities are being done between
Rapids 11 and 22 because the river has started receiving significant inflows
making it dangerous to sail in the upper gorges.  <http://www.bulls.co.zw/>
Read more »

SA firm to launch data and related mobile service business in Bulawayo   

SOUTH Africa-based digital communications entrepreneur and award winning
economist, Mr Collet Ndlovu, is planning to launch a new data and related
mobile service business in Bulawayo under the trade name, “NdlovuData”. In a
brief about the new enterprise, he said, NdlovuData seeks to provide data
and related mobile communication capabilities at highly affordable rates
that do not overburden local consumers that are already suffering from high
levels of unemployment.  <http://www.bulls.co.zw/> Read more »

Increased production should buttress MPS

THE 2019 Monetary Policy Statement (MPS) announced by the Reserve Bank of
Zimbabwe (RBZ) last week has generated a lot of positive debate, especially
considering that the monetary authority dumped

<http://www.bulls.co.zw/2019/02/25/increased-production-should-buttress-mps/
> Read more »

Govt is cash positive: Mthuli

Government is currently operating on a positive cash basis as revenue
enhancement and austerity measures announced in the 2019 National Budget
continue to yield dividends, Finance and Economic Development Minister

<http://www.bulls.co.zw/2019/02/25/govt-is-cash-positive-mthuli/> 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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