Bulls n Bears Investors Notebook Issue 177: 23 January 2019

Wed Jan 23 09:52:30 CAT 2019

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Bulls n Bears Investors Notebook Issue 177: 23 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

Ramaphosa campaigns for Zimbabwe's sanctions removal   

SOUTH African President Cyril Ramaphosa has taken the campaign against
illegal sanctions imposed on Zimbabwe to the 49th edition of the World
Economic Forum (WEF) in Davos, Switzerland. WEF brings together governments,
corporates, donors, the academia, labour and other high level players who
control the global socio-economic levers.  <http://www.bulls.co.zw/> Read
more >

Govt readies for new currency   

Government has made progress in terms of achieving conditions that need to
be fulfilled on the macro-economic front before the reintroduction of local
currency, according to Finance and Economic Development Minister Professor
Mthuli Ncube.  <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

ZUPCO Buses Here To Stay Until Things Get Back To Normal - Deputy Transport
Minister

The Deputy Minister of Transport and Infrastructure Fortune Chasi revealed
that the introduction of buses in cities by the government will remain for
some time until things get back to normal. Chasi added that Bulawayo,
Zimbabwe's second largest city will get buses soon. In an interview with the
Mail and Telegraph, Chasi said that he will be attending a meeting in
Bulawayo this week where the introduction of buses will be the centre of the
discussion.  <http://www.bulls.co.zw/> Read more >

Kamativi tailing project on course   

Kamativi Tailing Company (KTC) has secured funding for a dense medium
separation plant after concluding a $9,5 million off take finance facility
with a Swiss-based firm Transamine Trading SA, the company said yesterday.
KTC is a joint venture between Jimbata, operating as Zimbabwe Lithium, and
Kamativi Tin Mines (KTM), a subsidiary of Zimbabwe Mining Development
Company (ZMDC).  <http://www.bulls.co.zw/> Read more >

ED's tour of Eurasia opens new frontiers   

President Mnangagwa's four-nation tour of Eurasia has opened new frontiers
for his administration's economic diplomacy thrust, whose objective is to
deliver a middle-income economy by 2030. The Head of State and Government
and Commander-in-Chief of the Zimbabwe Defence Forces was invited by the
leaders of Russia, Belarus, Azerbaijan and Kazakhstan to strengthen existing
economic and political relations with the first two, and forge new mutually
beneficial partnerships.  <http://www.bulls.co.zw/> Read more >

Government seeks US$500m credit lines in Davos   

FINANCE and Economic Development Minister Professor Mthuli Ncube is set to
negotiate for more than $500 million in credit lines with three unnamed
private financiers at the ongoing World Economic Forum in Davos,
Switzerland. In an interview with Bloomberg in Davos yesterday, Prof Ncube
said if accessed, the loans would be used to address the prevailing fuel
situation in the market as well as support Zimbabwe's foreign currency base.
<http://www.bulls.co.zw/> Read more >

Delta declares interim dividend   

LISTED beverages concern, Delta Corporation, has declared an interim $31,7
million total dividend for the quarter ended December 31, 2018. In a notice
to shareholders, Delta Corporation company secretary Mr Alex Makamure said
the dividend would be payable to shareholders registered at the close of
business on Friday.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

'Millers have enough stocks to meet nation's demands'   

THE Grain Millers Association of Zimbabwe (GMAZ) has assured the nation that
millers have adequate maize meal stocks that can take the country to the
next harvesting season. Panic over inadequate stocks emerged in the past
week when the country experienced illegal protests called by the Zimbabwe
Congress of Trade Unions which saw most shops in Bulawayo's high density
suburbs being emptied by marauding looters who also went on a rampage
destroying property worth millions of dollars.  <http://www.bulls.co.zw/>
Read more >

Grain Worth $3 Million Looted During Last Weeks' Protest

Bulawayo shops that were looted and destroyed by violent protesters last
week lost stock from the Grain Millers' Association of Zimbabwe (GMAZ) worth
more than $3 million. Speaking after touring milling companies in Bulawayo
yesterday, GMAZ chairman Mr Tafadzwa Musarara said last week's disturbances
left businesses counting huge losses. Said Musarara:
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Mukuru Launches Sending Money Via WhatsApp

Mukuru has introduced a way to send money through the WhatsApp business API.
Just like the other platforms, Mukuru users sending money can now initiate
the transaction on WhatsApp.  <http://www.bulls.co.zw/> Read more >

Govt urged to find all-inclusive economic solutions

GOVERNMENT should develop an inclusive policy framework that addresses the
numerous challenges bedevilling the economy in order to build confidence,
the Zimbabwe Coalition on Debt and Development (Zimcodd) has said. In a
statement on the current economic crisis, Zimcodd said there was urgent need
to bridge the widening gap between citizens and those who make decisions on
their behalf.  <http://www.bulls.co.zw/> Read more >

ZSE counter opens strong

The Zimbabwe Stock Exchange (ZSE) opened the week strong, registering a 124%
jump in turnover to $5,15 million from last week. The Zimbabwe Stock
Exchange (ZSE) opened the week strong, registering a 124% jump in turnover
Trading on the market was disturbed in the wake of labour unrest, which
resulted in a week-long national shutdown and Internet blackout by
government.  <http://www.bulls.co.zw/> Read more >

Liberalise foreign exchange: FBC Securities

FBC Securities says government should liberalise foreign exchange and the
development could see elimination of the black market within two
months.Kipson Gundani Government has maintained that bond notes, which were
introduced in 2016 to plug banknote shortages hold the same value as the
United States dollar.  <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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