Bulls n Bears Investors Notebook Issue 175: 21 January 2019

Mon Jan 21 14:05:27 CAT 2019

 <http://www.bulls.co.zw/> Bulls.co.zw        <mailto:bulls at bulls.co.zw>
Views & Comments        <http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 175: 21 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

Zimbabwe needs peace to develop: IMF

THE International Monetary Fund (IMF) has called for peace in Zimbabwe
urging stakeholders to work on developing and implementing policies that
will stabilise the economy and promote sustainable and inclusive growth. The
southern African nation last week witnessed a brutal crackdown by security
forces on protestors who were demonstrating against the rising cost of
living and general deterioration of the country's economy. Official figures
put inflation at 42% but prices of basic goods and fuel have gone up more
than threefold. Economist Steve Hanke puts Zimbabwe's inflation at more than
200%. <http://www.bulls.co.zw/> Read more >

Capacity utilisation seen falling to 30%

CAPACITY utilisation in Zimbabwe's manufacturing industry rose by 3,1
percentage points to 48,2 % in 2018 but there are fears that the sector
could contract to as low as 30% if the country's foreign currency shortages
persist. A survey by the country's largest business member organisation, the
Confederation of Zimbabwean Industries (CZI) which polled 290 companies,
showed that capacity utilisation dropped in the last quarter of the year as
foreign currency shortages intensified. The foodstuffs, tobacco and
beverages, as well as wood and furniture sub-sectors had average capacity
utilisation of above 50% for most of the year. <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

US$1bn support for manufacturing sector

Government says it allocated a cumulative US$1 billion, through the Reserve
Bank of Zimbabwe (RBZ) towards supporting companies in the manufacturing
sector between January and December 2018, representing a 2.
<http://www.bulls.co.zw/> Read more >

Temporary forex relief for companies

COMPANIES facing imminent closure due to lack of foreign currency got
temporary respite after government issued letters of credit allowing large
corporates to procure raw materials, Confederation of Zimbabwe Industries.
<http://www.bulls.co.zw/> Read more >

Govt seeks more fuel sources

Energy and Power Development Minister Dr Joram Gumbo has engaged a top
petroleum products player, Fleet Energy (Pvt) Limited, as Government moves
to locate lasting solutions to fuel shortages dogging.
<http://www.bulls.co.zw/2019/01/21/govt-shifts-focus-to-renewable-energy/>
Read more >

Econet's ZSE market value hits $4bn

Telecoms giant, Econet is now the largest company again on the Zimbabwe
Stock Exchange (ZSE) by market value at $4 billion, replacing Delta
Corporation Limited. Econet now accounts for 19.
<http://www.bulls.co.zw/2019/01/21/econets-zse-market-value-hits-4bn/> Read
more >

Govt shifts focus to renewable energy

Government is set to meet senior officials from ZESA Holdings and
independent power producers (IPPs) as it seeks to deepen local electricity
generation with new focus on renewable energy, particularly.
<http://www.bulls.co.zw/2019/01/21/govt-shifts-focus-to-renewable-energy/>
Read more >

 <mailto:info at bulls.co.zw> 

Zupco bus timetables released

Government has mobilised more than 140 buses that will carry passengers for
$1 per trip in and around Harare starting today as part of long-term
interventions to modernise the mass.
<http://www.bulls.co.zw/2019/01/21/zupco-bus-timetables-released/> Read more
>

High Court to rule on Internet suit

THE High Court in Harare will today rule on the legality of the Government's
directive to mobile network operators to shut down all internet operations
in the country during last.
<http://www.bulls.co.zw/2019/01/21/high-court-to-rule-on-internet-suit/>
Read more >

 <mailto:info at bulls.co.zw> 

Government works on tax rebate to avert price hikes   

GOVERNMENT yesterday said it is now working on modalities to grant tax
rebates across all sectors to prevent price hikes following fuel price
increases effected at the weekend. The price of petrol rose from around
$1,45 per litre to $3,31 while that of diesel increased to $3,11 from $1,38.
Announcing the new fuel prices on Saturday night, President Emmerson
Mnangagwa said Government would introduce a tax rebate for all registered
business in the manufacturing, mining, commerce, agriculture and transport
sectors to prevent commodity or service price increases. .
<http://www.bulls.co.zw/> Read more >

Fuel price increase meant to eliminate black market   

President Mnangagwa announced a significant fuel price increase on Saturday
night, a decision that isn't too surprising given the prevailing shortage of
the commodity and other market conditions. A litre of petrol now costs
$3,31; more than double the old price of around $1,45. A litre of diesel now
costs $3,11, up from around $1,35. This is the second increase in the price
of fuel in less than two months after the Zimbabwe Energy Regulatory
Authority pegged prices in early December last year. .
<http://www.bulls.co.zw/> Read more >

Explore export markets, breweries challenged   

INDUSTRY and Commerce Deputy Minister Raj Modi has urged local breweries to
maximise on exporting as local liquor products are being smuggled into
neighbouring countries. He made the remarks during his recent tour of
Delta's Fairbridge Chibuku Super Plant in Bulawayo. "A good number of
Zimbabweans in neighbouring countries and indeed citizens of those countries
take Chibuku, therefore, Chibuku breweries should take its market place and
not leave it to smugglers," he said. "Chibuku breweries, is the biggest
opaque beer manufacturing company in the country and should consider
exporting their products that are currently being smuggled to neighbouring
countries. .  <http://www.bulls.co.zw/> Read more >

Petrol blending consistent across country: Zera   

THE Zimbabwe Energy Regulatory Authority (Zera) has dismissed the
allegations being circulated on social media pertaining to the quality of
petrol in the country in particular its ethanol content. In the past few
weeks, messages with statistics revealing ethanol content in blended fuel by
specific service stations have been circulating on social media platforms
such as WhatsApp and Facebook. The social media reports alleged that filling
stations such as Glo Petroleum and Puma blend the fuel with 18 percent and
21 percent ethanol respectively while Zuva (32 percent), Total (21 percent)
and Engen (21percent).  .  <http://www.bulls.co.zw/> Read more >

'Local currency step in the right direction'   

Finance and Economic Development Minister Professor Mthuli Ncube must
address existing loopholes if his plans to introduce a local currency within
the next 12 months are to succeed, economic observers have said. They said
Prof Ncube faced a mammoth task to lay the fundamentals for the successful
launch of a local currency within a short period. Prof Ncube last Friday
indicated Zimbabwe would introduce its own currency in the coming months.
Addressing delegates at the "Road to Davos" townhall meeting in Harare,
Minister Ncube said Government was raising foreign currency to introduce the
new currency. .  <http://www.bulls.co.zw/> Read more >

'Zimbabwe can't afford South African Rand'

Zimbabwe will not adopt the South African Rand as it does not have adequate
resources to do so, Finance and Economic Development Minister Professor
Mthuli Ncube has said. Addressing youth at a townhall meeting held Friday,
Prof Ncube said while he had advocated for the adoption of the rand before
he came into office, he had realised the country will still need to get US
dollars to be able to import the rand. "I also hear about adopting the rand,
I even argued for it a few years ago and there was a reason. .
<http://www.bulls.co.zw/> Read more >

Top Soap, Cooking Oil Producer Olivine Industries Shuts Down Zimbabwe
Operations

Top cooking oil, soap and margarine manufacturer, Olivine Industries, has
shut down operations in Zimbabwe, citing a crippling $11 million debt. A
large number of workers are expected to lose their jobs as the unemployment
rate has reached record levels. In a statement, the company indicated that
it has been struggling of late due to the biting cash crunch in the southern
African nation, which is experiencing serious foreign currency shortages,
skyrocketing prices of basic commodities and the devaluation of the local
quasi-currency, the bond note.  <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 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190121/2ac6ef73/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 29401 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190121/2ac6ef73/attachment-0003.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 29134 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190121/2ac6ef73/attachment-0004.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190121/2ac6ef73/attachment-0005.jpg>