Bulls n Bears Investors Notebook Issue 168: 03 January 2019

Thu Jan 3 09:21:14 CAT 2019

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Bulls n Bears Investors Notebook Issue 168: 03 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

Govt Speaks On Firms Increasing Prices To Buy Foreign Currency From Money
Changers

Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu, yesterday spoke
against firms increasing prices because they are buying foreign currency on
the illegal market.Ndlovu said prices of some products had gone up by more
than 350 percent yet the foreign currency component needed to produce them
was only 25 percent of the total production cost. He said if firms were
increasing prices because they are obtaining foreign currency from illegal
money changers then prices should have increased by 25% only.
<http://www.bulls.co.zw/> Read more >

Govt To Issue Statement On The Illegal Three-tier Pricing System

The government is dismayed by the adoption of the three-tier pricing system
by several businesses in recent weeks. Chicken Inn adopted the practice a
few weeks ago and Delta Beverages has followed suit. On Wednesday Delta
Beverages announced that starting this Friday, it will be selling its
products in US dollars. The three-tier pricing system is when businesses
charge different prices for the same product or service depending on the
mode of payment the customer is using. Goods are thus priced differently in
US dollars, bond and electronic transfer. <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

Mthuli Ncube refuses to relax tax thresholds

Finance minister Mthuli Ncube has refused to relax non-taxable income
thresholds to $400 saying Treasury needs every penny it can raise to respond
to the tough budgetary environment. In his 2019 national budget, Ncube
proposed to raise the non-taxable income from $300 to $350. But during
debate on the Finance Bill, lawmakers felt that the threshold should be
relaxed further to $400 in view of the soaring cost of living.
<http://www.bulls.co.zw/> Read more >

Elumelu mentorship programme opens

NIGERIAN billionaire Tony Elumelu Foundation (TEF) has announced the fifth
cycle of its entrepreneurship programme, which offers seed capital and
business development training to young entrepreneurs-businesses across
Africa. The TEF is a brainchild of Nigerian banker and billionaire and
United Bank for Africa Plc chairman Tony Elumelu. "The Tony Elumelu
Foundation, the leading African-funded and founded philanthropy committed to
empowering African entrepreneurs, is now accepting applications for the 2019
cohort of the TEF Entrepreneurship Programme. The TEF Entrepreneurship
Programme is open to citizens and legal residents of all African countries,
who run for-profit businesses based in Africa that are no older than three
years. The deadline for applications submission is March 1, 2019," TEF said
in a statement.   <http://www.bulls.co.zw/> Read more >

ZSE Tried To Block Cassava Listing As They Did With Econet 20 Years Ago Says
Strive Masiyiwa

Strive Masiyiwa's Facebook page seems to be a constant source of news these
days as the popular businessman disclosed that listing Cassava SmartTech was
a colossal battle. The 

businessman went as far as comparing the 'chaotic experience' to the one he
faced when listing Econet in 1998. Masiyiwa's post was in reaction to the
congratulatory message he received from Mthuli Ncube and he compared the
warmth from the Minister to what he had to deal with from the ZSE .
<http://www.bulls.co.zw/> Read more >

Bikes, the solution to Harare's transport anarchy

The solution to Harare's transport anarchy is the introduction of more
journeys by bicycling and planning our cities for the future by introducing
cycle tracks on all major roads. As Harare plans to be a modern city by
2025, a humanistic, people-friendly city has to be accessible. Most of the
world's capital cities today are plagued by traffic congestion, and in
densely populated city areas, the fastest way of getting around is often on
a bicycle, which is a highly efficient means of transport.
<http://www.bulls.co.zw/> Read more >

Bread prices to go up, again

BREAD prices are expected to go up again as bakers try to adjust to rising
production costs. Last year, bread prices went up thrice from 90 cents to
$1,10 before shooting to $1,40. In November, government reversed another
increase by the bakers, who had pegged a loaf of bread at $2,20. National
Bakers' Association of Zimbabwe (NBAZ) vice-president Lucky Zinyama told
NewsDay that the allocation of foreign currency was still a nightmare, as
the central bank was failing to adhere to its promise of allocating 80% of
bakers' forex requirements.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Government warns industry over price hikes   

Government has warned it will take action against local manufacturers
increasing prices of commodities on the back of premiums being charged on
foreign currency on the unofficial market. The hiked manufacturers' prices
are systematically passed on to final consumers through the business chain.
Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu, yesterday said
prices of some products had gone up by more than 350 percent yet the foreign
currency component needed to produce them was only 25 percent of the total
production cost.  <http://www.bulls.co.zw/> Read more >

Schweppes engages more outgrowers   

Schweppes Zimbabwe Limited intends to expand tomato and orange outgrower
schemes as the company continues to bolster participation of locals in
product value chain. The development comes at a time when the firm began
Mazoe Orange Crush exports to Zambia in order to enhance foreign currency
earnings. In an interview, Schweppes Zimbabwe Ltd general manager Demos
Mbauya indicated that the company was in the process of broadening its
supply base for tomato and orange processing plants therefore needed to
develop outgrower schemes for the respective crops.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Positioning Zimbabwe for rapid economic growth   

When I listened to the remarks to the Press by Finance and Economic
Development Minister Dr Mthuli Ncube after he was sworn in last September, I
shared the same sentiments and fully supported him, like most other
Zimbabweans. I believed, and still believe the ideas will impact our economy
in a very positive way if fully implemented. He also promised, as President
Mnangagwa also did, to be a listening leader.  <http://www.bulls.co.zw/>
Read more >

Minister to meet Delta over US dollar prices   

DELTA Corporation yesterday said it would start selling all its products in
foreign currency with effect from tomorrow, a decision described by the
Government as unacceptable and illegal. Analysts also warned that the
decision by Delta could backfire as most Zimbabweans were paid in Bond notes
or RTGS. In an interview yesterday following a statement released by Delta
earlier on, the beverage manufacturer's company secretary Mr Alex Makamure
said selling its products in "multiple foreign currencies" such as the rand,
pula, Euro, British pound and US dollars would also enable it to access key
raw materials.  <http://www.bulls.co.zw/> Read more >

Farmers panic over rains   

Farmers in most parts of the Midlands Province have started to panic as the
province is yet to receive any significant rainfall. Farmers who had planted
on small pieces of land said their germinating crops were beginning to show
signs of moisture stress. In Mberengwa, farmers said they were yet to start
planting as the area is yet to receive rains. In some areas we heard some
are already hoeing but here in Mberengwa we are yet to start planting.
<http://www.bulls.co.zw/> Read more >

Bleak outlook for livestock farmers

ZIMBABWE's livestock farmers have warned of a difficult season due to poor
rainfall, acute veterinary vaccine shortages and stockfeed, among other
pressing challenges. Forecasts have suggested that the country is set to
experience severe drought conditions this season. Livestock Farmers' Union
(LFU) chairperson Sifiso Sibanda told NewsDay that in the absence of timely
interventions, the future looked bleak for livestock farmers in the country.
<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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