Bulls n Bears Investors Notebook Issue 200: 28 February 2019

Thu Feb 28 09:38:46 CAT 2019

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Bulls n Bears Investors Notebook Issue 200: 28 February 2019

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

Bulls 'n Bears Investors Diary: Today's Events

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

Quotable Quote:

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

Man breaks into Zimra server, steals $2,3m

A 34-YEAR-OLD unemployed man yesterday appeared at the Harare Magistrates
Court charged with unauthorised access to a computer linked to the Zimbabwe
Revenue Authority (Zimra) Paynet server where he allegedly paid himself $2
385 073, through a fraudulently registered company. Manase Manjovha was not
asked to plead when he appeared before magistrate Rumbidzai Mugwagwa, who
remanded him to today for bail application.  <http://www.bulls.co.zw/> Read
more >

Insurance sector urged to design products that suit farmers

ZIMBABWE'S insurance sector should design products that respond to the
changing needs of farmers and their suppliers, Zimnat CEO Mustafa Sachak has
said. Commenting on the underwriting agreement between his organisation and
THI Insurance, Sachak said there was need to design insurance products that
suit Zimbabwean farmers. "Agriculture requires a completely different
approach to designing insurance products that respond to the changing needs
of the Zimbabwean farmer and their upstream and downstream service
suppliers. THI, Zimnat and Santam Agriculture have the resources and
determination to respond to this demand," Sachak said.
<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

South African banks block Zim currency imports

SOUTH African banks have blocked their Zimbabwe counterparts from importing
United States dollars as a measure to mitigate the risk associated with
dealing with Harare-based institutions, a senior Reserve Bank of Zimbabwe
(RBZ) official has said. RBZ deputy director for financial markets William
Manimanzi said the move by South African banks would give headaches on where
to source the greenback, mostly needed to pay small-scale gold miners, from.
Manimanzi said the lowering of the forex retention threshold for small-scale
miners from 70% to 50% was mainly informed by the fact that traditional
sources of USD cash had shut their doors on Zimbabwe.
<http://www.bulls.co.zw/> Read more >

ZETDC struggles to complete prepaid meter project

THE Zimbabwe Electricity Transmission and Distribution Company (Zetdc) is
struggling to complete its prepaid electricity meter project due to foreign
currency challenges, an official has said. Since 2013, Zetdc procured and
installed about 500 000 gadgets to households and businesses to replace the
conventional billing system in a bid to improve revenue collection.

The power utility had targeted to install about 800 000 prepaid meters by
end of last year, but failed to meet the target due to forex challenges.
<http://www.bulls.co.zw/> Read more >

Gold lost through informal channels: Minister

ZIMBABWE is producing close to 100 tonnes of gold, but the bulk of that is
being lost to the black market as small-scale miners, who are the main
producers in the country, shun official channels, a government official has
said. Mines deputy minister Polite Kambamura told leaders of the Zimbabwe
Miners Federation at a meeting in Harare yesterday that a lot of gold was
being lost through informal channels. Last year, deliveries to the sole
buyer of gold, Fidelity Printers and Refinery (FPR), amounted to 33,4
tonnes.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

AfDB mulls $500m purse for Zim   

The African Development Bank (AfDB) has lined up a US$500 million
Transitional Stabilisation Facility aimed at capacitating the local private
sector, to enable it to help in economic turnaround efforts. This was said
by AfDB executive director representing Southern Africa Group II
Constituency, Heinrich Mihe Gaomab II, while fielding questions from
journalists in Harare yesterday. Mr Gaomab II is in the country to assess
the Bank's projects in the energy and water sectors.
<http://www.bulls.co.zw/> Read more >

Mine ownership dispute erupts   

THREE mining firms - A & L Mining Syndicate, Ticharwa Murehwa and Mujere
Mining Syndicate - are at each other's throat over gold mining claims in
Odzi, Manicaland, in a development that affects production. The ownership
wrangle has already spilled into the High Court, but a judgment passed by
Justice Davison Foroma, indicating that the three miners would revert to
their original claims, is not being respected. Documents seen by The Herald
Business show that A & L Mining Syndicate, previously a joint venture
involving Aaron Zhanje and Lovemore Marange, then owned a mining claim that
was 10 hectares big.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Maisha Health rescues Mars Ambulance   

Maisha Health, Cassava Smartech Zimbabwe's medical services unit, has
rescued MARS Ambulance service from bankruptcy after acquiring the company
from the administrator, Cassava Smartech Zimbabwe chief executive officer
Eddie Chibi has said. In confirming the deal, Mr Chibi said the acquisition
will save 200 jobs and ensure that a vital emergency service continues in
the country. He added that new investment would be channelled into the
ambulance service. "We would like to ensure that the service comes back to
international standards and become the flag bearer in that industry. It will
also service our EcoSure customer base, which is over 2 million strong," Mr
Chibi said. Maisha Health also runs other services, including EcoHealth
Tips, which currently has more than one million customers.
<http://www.bulls.co.zw/> Read more >

Petrotrade to secure partner   

State-owned petroleum dealer, Petrotrade says it is in the process of
securing a strategic partner that will help grow the company`s local
footprint, as the state entity moves towards achieving Government's partial
privatisation strategy. The move falls under Government`s plans to
restructure State-owned enterprises (SOEs), within which 41 entities are
lined-up for privatisation, departmentalisation and listing on the Zimbabwe
Stock Exchange. Other firms would be commercialised, merged while four will
be guillotined. It is expected that 13 parastatals would be privatised while
12 are set for ZSE listing.  <http://www.bulls.co.zw/> Read more >

Cassava launches integrated smart digital learning platform   

Listed technology company Cassava Smartech Zimbabwe yesterday launched
Akello Edutech, a digital learning platform which offers education and
learning resources for learners of all age groups - from primary school to
post-graduate students. Speaking at the launch of the platform in Harare,
Cassava Smartech CEO Mr Eddie Chibi said Akello Edutech  - which will
incorporate Ruzivo Extramarks, Akello Books (coming soon), Akello Courses
and Muzinda Hub - would harness technology to change and enhance the way
students learn, offer unparalleled access to education materials, and
complement existing learning methods and systems.  <http://www.bulls.co.zw/>
Read more >

Temporary Export Permit explained   

Temporary Export Permit (TEP) is a customs document issued to exporters of
vehicles regardless of their value for personal purposes such as repairs
pending re-importation. This document dispenses of the need for exporters to
secure exchange control documents such as the CD1 form, which is ordinarily
required on exportation of goods with a value exceeding $2000. Who is
eligible for the Temporary Export Permit (TEP)?  <http://www.bulls.co.zw/>
Read more >

'Foreign investors embrace MPS'   

FINANCE and Economic Development Minister Professor Mthuli Ncube says the
positive investor feedback on the 2019 Monetary Policy Statement (MPS) shows
the country is on the right track and that this buttresses Government's
fiscal policy reforms towards economic transformation. The introduction of
the interbank foreign currency trading system, a departure from the previous
1:1 bond note/RTGS rate with the US dollar, is one of the key positive
highlights of the MPS that was presented by Reserve Bank Governor, Dr John
Mangudya last week.  <http://www.bulls.co.zw/> Read more >

Zim accelerates ease of doing business   

GOVERNMENT says a fully-fledged Zimbabwe Investment and Development Agency
(Zida) that will process investment approvals within a day will be fully
operational this year. This is part of Government's public enterprise reform
programme to advance President Mnangagwa's Vision 2030 of turning Zimbabwe
into an upper middle income economy. The country's economic reform plan, the
Transitional Stabilisation Programme (TSP), is underpinned by structural
reform measures to mitigate the challenges and risks faced by the economy.
<http://www.bulls.co.zw/> Read more >

Call on employers to cushion workers   

EMPLOYERS have been advised to adjust upwards the salaries for workers or
pay them in foreign currency in order to cushion their staff from prevailing
economic challenges, a labour consultant has said. Speaking at a 2019 Labour
Update workshop in Bulawayo last week Stratways Management Consultancy
director, Mr Davies Sibanda, said the economic challenges have created a
wage and salary dilemma for many organisations as RTGS balances were fast
losing value while at the same time businesses were battling with ever
rising costs.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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.

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