Bulls n Bears Investors Notebook Issue 176: 22 January 2019

Tue Jan 22 13:58:13 CAT 2019

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Bulls n Bears Investors Notebook Issue 176: 22 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

Zupco buses return: Kombis feel the heat

Commuter omnibus operators were yesterday forced to reduce their fares
following the introduction of conventional buses mobilised by the Government
to ferry passengers in and around Harare. Commuters in Harare.
<http://www.bulls.co.zw/2019/01/22/zupco-buses-return-kombis-feel-the-heat/>
Read more >

Zambia remains Zim top export destination

ZAMBIA remains Zimbabwe's top export destination with 26 percent of the
local manufacturing companies exporting value-added products to the
neighbouring country, official data shows. In the 2018 manufacturing sector
report.
<http://www.bulls.co.zw/2019/01/22/zambia-remains-zim-top-export-destination
/> Read more >

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

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

Zimbabwe, Kazakhstan deepen ties

Presidents Mnangagwa and Nursultan Nazarbayev of Kazakhstan yesterday laid a
firm foundation for a productive relationship between Zimbabwe and the
emerging Eurasian industrial and petrochemical giant following talks at the.
<http://www.bulls.co.zw/2019/01/22/zimbabwe-kazakhstan-deepen-ties/> Read
more >

Tobacco marketing season delayed

Zimbabwe's tobacco marketing season will be delayed this year due to late
planting resulting from late rains, according to the Tobacco Industry and
Marketing Board chief executive Dr Andrew Matibiri..
<http://www.bulls.co.zw/2019/01/22/tobacco-marketing-season-delayed/> Read
more >

Capacity utilisation surges

Zimbabwe's manufacturing sector capacity utilisation grew 3,1 percentage
points to 48,2 percent in the 12 months to August 2018, the Confederation of
Zimbabwe Industries (CZI) manufacturing sector survey for 2018.
<http://www.bulls.co.zw/2019/01/22/capacity-utilisation-surges/> Read more >

SA working on bailout package for Zimbabwe

SOUTH AFRICA is working on extending a short term credit facility in the
region of $7 million to Zimbabwe to help write off Harare's external
arrears. According to a report.
<http://www.bulls.co.zw/2019/01/22/sa-working-on-bailout-package-for-zimbabw
e/> Read more >

'Forex shortages threaten gold production'

THE country's gold sector is in a precarious situation after it emerged that
the Reserve Bank of Zimbabwe (RBZ) has not been paying primary gold
producers for the last three.
<http://www.bulls.co.zw/2019/01/22/forex-shortages-threaten-gold-production/
> Read more >

 <mailto:info at bulls.co.zw> 

Econet Communicates Restoration Of Social Media Access, Following High Court
Ruling

The largest mobile internet provider in Zimbabwe, Econet Wireless, last
night communicated the restoration of social media access to its customers
via SMS. The company, which serves more than 65%.
<http://www.bulls.co.zw/2019/01/22/econet-communicates-restoration-of-social
-media-access-following-high-court-ruling/> Read more >

World Economic Forum Kicks Off, Mnangagwa To Be Represented By Mthuli Ncube

The World Economic Forum kicks off in Davos, Switzerland. President
Mnangagwa is among the head of states that will not be attending after he
abandoned the trip to deal with.
<http://www.bulls.co.zw/2019/01/22/world-economic-forum-kicks-off-mnangagwa-
to-be-represented-by-mthuli-ncube/> Read more >

 <mailto:info at bulls.co.zw> 

Cooking Oil Manufacturers Face Critical Shortage Of Imported Raw Materials

Cooking oil manufacturers revealed that there is a critical shortage of raw
materials. Oil Expressers Association of Zimbabwe (OEAZ) chairperson Busisa
Moyo said that the situation was dire and needed.
<http://www.bulls.co.zw/2019/01/22/cooking-oil-manufacturers-face-critical-s
hortage-of-imported-raw-materials/> Read more >

Major Retail Shops Run Out Of Basic Foodstuffs Due To Shutdown

Some major supermarkets in Harare have run out of basic foodstuffs. This was
revealed in a survey carried out by Newsday over the weekend. Major
retailers, Food World, OK and.
<http://www.bulls.co.zw/2019/01/22/major-retail-shops-run-out-of-basic-foods
tuffs-due-to-shutdown/> 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 

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