Bulls n Bears Investors Notebook Issue 170: 08 January 2019

Tue Jan 8 10:23:12 CAT 2019

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Bulls n Bears Investors Notebook Issue 170: 08 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

Delta hikes beer prices

Beverages giant, Delta Corporation, yesterday announced new recommended
wholesale and retail prices for its clear beer products that are sold across
the country, a move that has resulted in a.
<http://www.bulls.co.zw/2019/01/08/delta-hikes-beer-prices/> Read more >

Natfoods re-opens Mutare milling plant

National Foods Limited will this week re-open its Mutare maize milling plant
as it seeks to meet the growing demand of maize meal, a senior official said
yesterday. The plant.
<http://www.bulls.co.zw/2019/01/08/natfoods-re-opens-mutare-milling-plant/>
Read more >

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

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

2019 ZITF preps underway

Preparation for the 60th edition of the Zimbabwe International Trade Fair
(ZITF) kicked off with reports indicating that at least 64 percent of the 49
631 square metres available for.
<http://www.bulls.co.zw/2019/01/08/2019-zitf-preps-underway/> Read more >

Apex offloads Phoenix shareholding

Engineering group Apex Holdings said yesterday it was offloading its
majority shareholding in Phoenix Consolidated Industries which is currently
under judicial management. Apex holds a 46,68 percent stake in the.
<http://www.bulls.co.zw/2019/01/08/apex-offloads-phoenix-shareholding/> Read
more >

Bond notes unsustainable, fuel inflation: Fitch

Fitch Solutions, the macro-economic arm of global rating agency says
Zimbabwe's currency regime is highly unsustainable and will continue to fuel
inflationary pressures going forward. In 2009, the southern African.
<http://www.bulls.co.zw/2019/01/08/bond-notes-unsustainable-fuel-inflation-f
itch/> Read more >

Miners want to import own fuel

ZIMBABWE Miners Federation (ZMF), the representative body of small-scale
miners, says it is pushing for a licence to import fuel for onward
distribution to its members to ensure continuity of.
<http://www.bulls.co.zw/2019/01/08/miners-want-to-import-own-fuel/> Read
more >

Drawing similarities between current economic crisis and 2008 one

The crisis recorded in 2008 and the one currently unfolding share almost the
same umbilical cord and are structurally the same and most of the lessons
call for the application.
<http://www.bulls.co.zw/2019/01/08/drawing-similarities-between-current-econ
omic-crisis-and-2008-one/> Read more >

 <mailto:info at bulls.co.zw> 

Address poor governance: Zimcodd

POOR governance and financial malpractices in the country, if not addressed,
will exacerbate public mistrust and compromise tax compliance, the Zimbabwe
Coalition on Debt and Development (Zimcodd) has warned. In its analysis of
the 2017 Auditor-General (AG)'s report findings, Zimcodd said government's
failure to enforce good corporate governance in public institutions could
breed serious consequences in the near future.  <http://www.bulls.co.zw/>
Read more >

RioZim challenges mine seizure by ZDF

RIOZIM Limited has petitioned the High Court seeking a contempt of court
order against the Zimbabwe Defence Forces (ZDF)-owned mining entity,
Rusununguko Nkululeko, after the latter allegedly defied a court order and
continued carrying out mining activities on the international conglomerate's
chrome ore claims in Darwendale. In its application, RioZim cited
Rusununguko Nkululeko, Falcon Resources, a Pakistan national Mohammed Tariq
Aziz and his Dutch counterpart Aneeqa Zubair, as respondents.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Chirumanzu farmers embrace drought-resistant crops

VILLAGERS in drought-prone Chirumanzu district, Midlands province, have
switched to drought-resistant crops to shield themselves against hunger as
rains have become erratic. Villagers told NewsDay on Friday that they had
now ditched maize crop upon realisation that erratic rains were affecting
their yields. According to farming experts, Zimbabwe is among countries in
southern Africa that need to embrace small grains to avert the impact of
climate change-related disasters.  <http://www.bulls.co.zw/> Read more >

'Industry poised for growth in 2019'   

INDUSTRY and Commerce Minister Nqobizitha Ndlovu says the manufacturing
sector is poised for positive growth this year, riding on expanded capacity
and new investments made in 2018. As such, he said Government would continue
to support the productive sector by creating a favourable business
environment to consolidate domestic and foreign investment.
<http://www.bulls.co.zw/> Read more >

Forex poser as black market pales. Govt to meet industry over the matter

The tightening of laws to curb illegal foreign currency trading in the
country has reportedly left many companies, particularly those outside the
Reserve Bank of Zimbabwe foreign currency allocation priority list, on the
brink, according to the Confederation of Zimbabwe Industries. The dire
situation has now jolted Government into action amid indications that it
will meet industrialists next week to find a lasting solution to the
challenge.  <http://www.bulls.co.zw/> Read more >

Zamco to dispose of bad loans

The Zimbabwe Asset Management Company (Zamco) is hoping to conclude five
deals with investors seeking to take over bad debts that the State-owned
asset firm took over from banks to help restore viability in the financial
sector since 2015, an official said. Zamco, a special purpose vehicle
created by the Reserve Bank of Zimbabwe acquired non-performing loans from
companies that had potential to start generating healthy cash flows and
showed capacity for profitability once their corrosive NPLs were acquired.
<http://www.bulls.co.zw/> Read more >

Coal suppliers demand cash upfront

Major coal suppliers to Zimbabwe Power Company (ZPC), the generation arm of
State power utility Zesa Holdings, are demanding prepayments to guarantee
security of coal supply, according to minutes of a board meeting seen by
Business Weekly. Such arrangement may disrupt power generation at thermal
power stations if ZPC fails to get enough energy coal from the two major
suppliers in instances where it does not have cash for the prepayments or if
it experiences cash-flow hiccups.  <http://www.bulls.co.zw/> Read more >

Govt Releases $2,5 Million For Wheat Following Threats By Supplier To Cut
Off Deal

Government made a $2,5 million payment after Holbud threatened to cut off
the deal citing Harare's delay in meeting its financial obligations. Holbud
delivered 30 000 metric tonnes of wheat worth $12,2 million. The UK based
supplier last week raised concern over Zimbabwe's delay in paying for the
wheat that docked in Beira nine days ago. Full electronic payment of the
bulk consignment was expected on arrival and the wheat has been attracting
$17 000 storage charges daily.  <http://www.bulls.co.zw/> Read more >

Govt Lose $3,5 Billion To Company Directors Who Shut Down Companies, Then
Re-open Under Different Names

The government has reportedly lost over $3,5 billion because of company
directors who shut down their firms in order to avoid payment of taxes only
to re-establish themselves under different trading names. This was revealed
by the Minister of Finance and Economic Development Mthuli Ncube. Ncube
urged the Parliament to support the insertion of a clause to the law that
holds devious directors of companies that are wound up or declared insolvent
liable in their personal capacities. Said Ncube:  <http://www.bulls.co.zw/>
Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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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