Bulls n Bears Investors Notebook Issue 199: 27 February 2019

Wed Feb 27 11:26:05 CAT 2019

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Bulls n Bears Investors Notebook Issue 199: 27 February 2019

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

Bulls 'n Bears Investors Diary: Today's Events

ART

AGM

202 Seke Road, Graniteside

27 Feb 2019 2:30pm

Quotable Quote:

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

SA bank withdrawing financial support from Zimbabwe citing US sanctions

HARARE - Zimbabwe is in a Catch-22 situation as South African banks are
de-risking from supplying the troubled southern African country with US
dollar notes, an official with the central.
<http://www.bulls.co.zw/2019/02/27/sa-bank-withdrawing-financial-support-fro
m-zimbabwe-citing-us-sanctions/> Read more >

RBZ sets forex priority list

The Reserve Bank of Zimbabwe (RBZ) has set a prioritization list for firms
and/or entities that will be able to access foreign currency at the new
inter-bank foreign exchange market..
<http://www.bulls.co.zw/2019/02/27/rbz-sets-forex-priority-list/> Read more
>

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

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

'Please try next week' - rocky start as new Zim currency hits the market

Most banks in Zimbabwe were not selling US dollars to individuals holding
RTGS (real-time gross settlement) dollars on the first day of trading, with
numerous bank employees saying it simply.
<http://www.bulls.co.zw/2019/02/27/please-try-next-week-rocky-start-as-new-z
im-currency-hits-the-market/> Read more >

Lender of last resort facility on cards

The Reserve Bank of Zimbabwe (RBZ) has announced plans to re-introduce a
lender of last resort facility. A lender of last resort is an institution,
usually a country's central bank,.
<http://www.bulls.co.zw/2019/02/27/lender-of-last-resort-facility-on-cards/>
Read more >

Govt to ban fridges, stoves, radios, TVs

THE Zimbabwe Energy Regulatory Authority (Zera) is set to impose a ban on
the use of energy-guzzling appliances, a move that could leave many families
without their most treasured household.
<http://www.bulls.co.zw/2019/02/27/govt-to-ban-fridges-stoves-radios-tvs/>
Read more >

 <mailto:info at bulls.co.zw> 

Econet And Cassava Lose Court Case, High Court Rules That EcoCash Cannot
Separate Itself From Cassava

Dr Dish argues that Econet Media owes them $6.8 million as part of their
revenue sharing deal when Kwese TV was launched. They are disputing the
supposed claim by Econet.
<http://www.bulls.co.zw/2019/02/27/econet-and-cassava-lose-court-case-high-c
ourt-rules-that-ecocash-cannot-separate-itself-from-cassava/> Read more >

ED virtual currency to last 6 months

PRESIDENT Emmerson Mnangagwa, using the Presidential (Temporary Measures)
Powers Act, introduced a virtual currency, the real-time gross settlement
systems (RTGS) dollar, which will remain legal tender for six months if.
<http://www.bulls.co.zw/2019/02/27/ed-virtual-currency-to-last-6-months/>
Read more >

 <mailto:info at bulls.co.zw> 

'Public sector accounting remains a challenge to the profession'

Gloria Zvaravanhu was recently appointed chief executive of the Institute of
Chartered Accountants of Zimbabwe (ICAZ). NewsDay reporter Melody Chikono
(ND) caught up with Zvaravanhu (GZ) to talk about her.
<http://www.bulls.co.zw/2019/02/27/public-sector-accounting-remains-a-challe
nge-to-the-profession/> Read more >

Coal production set to surge

PRIVATE coal miner Makomo Resources says it expects to produce 350 000
tonnes of coal per month this year on the back of an anticipated increase in
demand from the.
<http://www.bulls.co.zw/2019/02/27/coal-production-set-to-surge/> Read more
>

Grain millers to introduce contract farming scheme

The Grain Millers Association of Zimbabwe (GMAZ) says it is working on a
contract farming scheme targeted at increasing the country's wheat output in
order to cut back the country's.
<http://www.bulls.co.zw/2019/02/27/grain-millers-to-introduce-contract-farmi
ng-scheme/> Read more >

RBZ justifies gold miners' forex thresholds

The Reserve Bank of Zimbabwe reduced foreign currency retention thresholds
for small- scale miners as a way of managing cash challenges the country is
currently going through after foreign banks.  <http://www.bulls.co.zw/> Read
more >

Zim keen to export more to Botswana

Government is planning to exploit the warm relations prevailing between
Harare and Gaborone to ramp up exports and generate more foreign currency
for the country. This was said by Industry.
<http://www.bulls.co.zw/2019/02/27/rbz-justifies-gold-miners-forex-threshold
s/> 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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