Bulls n Bears Investors Notebook Issue 167: 02 January 2019

Wed Jan 2 10:15:38 CAT 2019

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Bulls n Bears Investors Notebook Issue 167: 02 January 2019

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

'in 2019 be focused'. . .Let's work more for economic recovery: ED   

Zimbabweans should train their focus on building the economy and achieving
sustainable recovery in the New Year, President Mnangagwa has said. The Head
of State and Government and Commander-in-Chief of the Zimbabwe Defence
Forces, said following elections held in the mid-year, attending to the
economy and improving the livelihoods and general welfare of the people
would be prioritised.  <http://www.bulls.co.zw/> Read more >

ZimParks in bid to boost domestic tourism   

THE Zimbabwe Parks and Wildlife Management Authority (Zimparks) is
considering a downward review of its service charges for locals in an effort
to promote domestic tourism in 2019. Zimparks public relations manager, Mr
Tinashe Farawo, said in an interview that domestic tourism presents huge
opportunity for growth. He said an estimated 41 percent of tourists were
locals and most of them were schoolchildren on educational and recreational
tours.  <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

Zimplow appoints new CEO   

Diversified manufacturer, Zimplow Holdings Limited, has appointed Mr Vimbayi
Nyakudya as the new group chief executive officer replacing Mr Mark Hulett.
In a statement yesterday the company advised shareholders of Mr Hulett's
departure and immediately announced his successor. "Pursuant to the above,
the board has appointed Mr Vimbayi Nyakudya, the current chief finance
officer, as group CEO effective January 1, 2019," reads the statement.
<http://www.bulls.co.zw/> Read more >

First Capital Bank unbundles none-core assets   

FIRST Capital Bank, formerly Barclays Bank Zimbabwe, has approved the
unbundling of non-core assets set for listing on the Zimbabwe Stock Exchange
(ZSE). In a renewal of cautionary statement to shareholders, the banking
institution advised shareholders of the approval by the board of directors.
"Shareholders are advised that the First Capital Bank Limited board of
directors approved, subject to regulatory and other approvals, including but
not limited to the final approval by the Reserve Bank of Zimbabwe, the
unbundling of the company's non-core banking properties into a separate
entity to be listed on the Zimbabwe Stock Exchange," said First Capital
Bank.  <http://www.bulls.co.zw/> Read more >

'Decision on car duty pays off'   

GOVERNMENT'S decision to curtail the leakages of the much-needed foreign
currency through demanding that duty on imported motor vehicles be paid in
forex is already bearing fruit, on the back of a sharp decline in imports, a
top economic analyst has said. Finance and Economic Development Minister
Professor Mthuli Ncube, announced in the 2019 Budget that the Zimbabwe
Revenue Authority (Zimra) was supposed to start collecting motor vehicle
duty in foreign currency from November 23 last year.
<http://www.bulls.co.zw/> Read more >

HAZ calls for increased air connectivity   

The Hospitality Association of Zimbabwe (HAZ) says prospects are bright for
the tourism sector if Government improves connectivity of tourist centres by
air. Further, HAZ called on the Government to provide financial support
towards documentation of existing and potential tourist attraction centres
and also create an environment that is conducive for the promotion of
domestic tourism under the "Know your Zimbabwe, know your country" campaign.
<http://www.bulls.co.zw/> Read more >

$400m NRZ deal on track   

THE $400 million National Railways of Zimbabwe (NRZ) recapitalisation deal
is still on track with six financiers having shown interest to shell out
close to $1 billion into the project. In 2017, NRZ and the Diaspora
Infrastructure Development Group/Transnet consortium penned the $400 million
deal aimed at recapitalising and rehabilitating Zimbabwe's troubled railways
entity. Of late, it has been reported in some sections of the media that
progress towards financial closure of the $400 million deal was moving at a
snail pace largely due to an intricate legal process between NRZ and
Transnet of South Africa.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

'Economy has potential to recover'   

TANGIBLE economic turnaround would be witnessed this year if Government
remains steadfast in dealing with the twin terrors of fiscal deficit and the
failure to implement proper foreign currency management systems. This was
said by prominent academic Professor Ashok Chakravarti in an interview
yesterday. Already, Government has set in motion plans to address the fiscal
deficit side following the introduction of sweeping measures to curtail
excessive Government expenditure.  <http://www.bulls.co.zw/> Read more >

Plumtree Council fails to pay contractor

CONSTRUCTION of new sewer ponds in Plumtree Town to cater for the George
Silundika suburb has been stopped after the local authority failed to pay
the contractor. The suburb, whose houses were constructed under the
Garikai/Hlalani Kuhle project, had no proper sewer reticulation since 2005,
with residents resorting to open defecations, exposing themselves to
waterborne diseases.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Mining, tourism to anchor recovery in 2019: Mnangagwa

President Emmerson Mnangagwa yesterday promised that 2019 would be a much
better year for Zimbabweans, pinning economic revival on the growth of
tourism and new mining projects. "I am confident that the year ahead holds
promise of better for our nation, all built on the strong foundation we have
already laid for economic recovery and growth. We have to increase output
across a whole range of minerals we have in the country while expanding both
domestic and foreign investment for greater value addition and
beneficiation," he said in his New Year's message.
<http://www.bulls.co.zw/> Read more >

'Declare Kariba an economic zone to boost tourism'

MASHONALAND West Senator Sikelela Gumpo (Zanu PF) has called on government
to declare Kariba a special economic zone, saying the town has the potential
to earn foreign currency, as well as open up employment opportunities. Gumpo
recently introduced the motion in Senate, also calling on government to
construct a new airport in the town, which he said was critical for the
revival of tourism in the town.  <http://www.bulls.co.zw/> Read more >

A review of Zim's trade performance in 2018

ZIMBABWE's exports have been on a steady growth path throughout the year but
imports rose at a much even faster pace. In this piece, NewsDay's Mthandazo
Nyoni looks at how the country has fared in the just-ended year. According
to the Zimbabwe National Statistics Agency (ZimStat), Zimbabwe recorded a
trade deficit of $1,978 billion between February and October 2018, up 34%
compared to the same period in 2017. The country imported goods and services
worth $5,189 billion - an increase of 27% against exports of $3,211 billion.
<http://www.bulls.co.zw/> Read more >

Revenue collections surpass $5bn

ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on
electronic transfers buoyed December collections to peak at $572,4 million,
official data has shown. In a bid to shore up depleted government coffers,
authorities in Harare increased the tax on intermediated money transfer to
2% per transaction from the initial charge of one cent per dollar
transacted.  <http://www.bulls.co.zw/> Read more >

Zera investigates fuel dealers

ZIMBABWE Energy Regulatory Authority (Zera) says it is carrying out
investigations in collaboration with the police on fuel dealers accused of
pushing the product to the black market, where it is then sold at exorbitant
prices. While government continues to insist that fuel is available, evident
scarcity of the product has resulted in the parallel market thriving.
<http://www.bulls.co.zw/> Read more >

Ariston returns to profitability

AGRICULTURAL concern Ariston Holdings posted an after tax profit of $2,8
million in the full year to September from a loss position of $1,7 million
in the prior year, on the back of cost-cutting measures and improved revenue
generation. The company is involved in the production of a variety of crops,
poultry and livestock. It operates six business estates which include
Blended Tea Factory, Claremont Estate, Clearwater Estate, Kent Estate,
Roscommon Estate and Southdown Estates.  <http://www.bulls.co.zw/> Read more
>

'Fuel supply gaps still exist in Zimbabwe'

Although fuel consumers are generally able to access fuel, some gaps still
exist as we continue to witness fuel queues, even though some are short -
that's a fact. The.
<http://www.bulls.co.zw/2018/12/24/fuel-supply-gaps-still-exist-in-zimbabwe/
> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

New Years' Day

01/01/2019

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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