Bulls n Bears Investors Notebook Issue 179: 28 January 2019

Mon Jan 28 10:39:24 CAT 2019

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Bulls n Bears Investors Notebook Issue 179: 28 January 2019

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

Zesa seeks $128m for Gairezi project   

Zesa Holdings is seeking to raise $128 million to finance construction of
the 30 Megawatts Gairezi hydro power project, where little progress has been
registered since the tender was awarded in 2015. The power utility has since
made an application to the African Export and Import Bank (Afreximbank) for
the requisite funding and the regional bank is reportedly evaluating the
application.  <http://www.bulls.co.zw/> Read more >

Procurement law creates more jobs   

The coming into effect of the Public Procurement and Disposal of Public
Assets (PPDPA) Act (Chapter 22: 23), has created several job opportunities
for citizens with requisite qualifications. Recently, there has been a
flurry of adverts in the mainstream media as companies and local authorities
seek to establish the position of procurement officer in line with the new
law. Procurement was previously seen as an administration job, which tended
to create inefficiencies.  <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

Muzarabani oil project progress encouraging   

Independent oil and gas exploration company, Invictus Energy Limited, says
it has made significant progress in its Cabora Bassa Project work programme
for the quarter ending December 31,2018. In a quarterly activities report
released early this week, the Australia Stock Exchange listed junior miner,
said early results from reprocessing of the 2D seismic data are extremely
encouraging. "During the quarter (ending December 2018), the company
commenced reprocessing the 2D seismic data, which was transcribed from the
field tapes located at the Zimbabwe Geological Survey in Harare.
<http://www.bulls.co.zw/> Read more >

Informed traders   

Informed traders seek to profit from accurate predictions of future prices.
They collect information e.g. the daily market price sheet and operations
updates by the issuers. This information allows informed traders to predict
future prices. They buy when they expect prices to be higher and sell
other-wise. Informed traders employ three main trading strategies.
<http://www.bulls.co.zw/> Read more >

Great Zimbabwe tourist arrivals increase   

TOURIST arrivals at the Great Zimbabwe monuments in Masvingo increased by
27,9 percent to 78 000 last year compared to 61 000 recorded in 2017, an
official has said. In an interview, the National Museum and Monuments
director for Masvingo province Mr Lovemore Mandima said the upsurge in
tourist arrivals at the Great Zimbabwe Monuments during the period under
review was testimony that tourism was on remound in Masvingo. "In 2018, we
had a total of 77 717 visitors to the monuments compared to 61 474 arrivals
in 2017. <http://www.bulls.co.zw/> Read more >

Smart cities first phase requires $1,5 billion   

ZIMBABWE needs $1,5 billion to roll out the first phase of the smart cities
programme which is aimed at improving transport networks, energy efficiency
and urban management, a Cabinet Minister has said. The smart cities concept
was proposed early last year as a means to decongest the country's urban
centres using information and communications technology (ICTs). Speaking by
telephone on Friday, Local Government, Public Works and National Housing
Minister July Moyo said the smart city concept would begin in high density
suburbs in Harare, Mutare and Bulawayo. <http://www.bulls.co.zw/> Read more
>

Zim eyes more Spanish tourists   

THE Zimbabwe Tourism Authority (ZTA) will continue to participate at the
International Tourism and Trade Fair (FITUR) in Spain in order to increase
tourist arrivals from the Spanish market. Zimbabwe's participation at the
just ended FITUR which began on Wednesday and ended yesterday, saw scores of
destination marketing experts and operators thronging destination Zimbabwe
stand. In a statement, ZTA said this year's edition of the fair was its
biggest ever with the participation of 886 stand-holder exhibitors and more
than 10 487 companies from 165 countries and regions.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Govt has identified doing business constraints: CZI   

Confederation of Zimbabwe Industries (CZI) says local firms continue to be
negatively impacted by various impediments to doing business and Government
is working on them. CZI president Sifelani Jabangwe in an interview this
week said while Government had identified the impediments to doing business
through its rapid results initiative, less than a quarter of the resolutions
made had been implemented. This comes as the industrial sector, after
receiving more $1 billion in foreign currency support from Government, only
generated exports amounting to a mere $222 million and attributed the poor
performance to uncompetitiveness of local products in exports markets.
<http://www.bulls.co.zw/> Read more >

ED's fuel sector interventions pay off   

Normalcy has returned to Zimbabwe's fuel sector as queues have dissipated
while the black market has all but vanished, The Herald has established. A
survey by The Herald yesterday showed that, after a number of troubled
weeks, fuel was now readily available at most service stations, something
that has been attributed to President Mnangagwa's interventions that ensured
better supplies and stopped wastefulness. And the country could now notch up
the much-needed savings on foreign currency on the back of less demand, as
fuel contributed to about half of the money for imports.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Forex Trading Association Of Zimbabwe To Be Launched This Weekend

Alternative sources of income seem to be all the rage in our struggling
economy. I say this because when we interviewed an online forex trader last
year there was a lot of interest around the topic of online forex trading
but unfortunately, it's a topic we were learning at the same time as our
readers. Later on, we stumbled upon a Udemy Forex course that was curated by
a Zimbabwean and we felt that would be helpful to people starting out from
the Zim context.  <http://www.bulls.co.zw/> Read more >

'Mthuli Ncube's 2% electronic transaction tax illegal'

LEGAL think-tank Veritas still maintains that the 2% electronic transaction
tax, which was introduced last year by Finance minister Mthuli Ncube, is
still illegal and that attempts to amend the Finance and the Income Tax Acts
to correct the anomaly amounted to unlawful seizure of property. In their
recent Bill Watch online publication, Veritas said an Act of Parliament
cannot retrospectively validate the illegality made by the Finance minister
when he introduced the tax. The 2% electronic transaction tax was introduced
by Ncube as part of a raft of measures to shore up the country's dwindling
revenue base, with reports from the Zimbabwe Revenue Authority showing that
the tax boosted up their collections from October to December, where they
surpassed their revenue targets.  <http://www.bulls.co.zw/> Read more >

Fuel sector normalises

NORMALCY has returned to Zimbabwe's fuel sector as queues have dissipated
while the rampant black market has all but vanished. A survey by our Harare
Bureau yesterday showed that, after a number of troubled weeks, fuel was now
available at most service stations with motorists getting the commodity
without hassles, something that has been attributed to the Government's
interventions that stopped wasteful use. And the country could now notch up
the much needed savings on foreign currency on the back of less demand, as
fuel contributed to about half of the money for imports.
<http://www.bulls.co.zw/> Read more >

AfDB approves investment for Sub-Sahara Africa   

THE African Development Bank Group (AfDB) has approved an equity investment
of up to $25 million in ARCH Africa Renewable Power Fund (ARPF) for
renewable energy projects across Sub-Saharan Africa. ARPF will provide
equity for the development and construction of 10 to 15 greenfield renewable
energy projects in Sub-Saharan Africa, adding an estimated 533 megawatts of
installed energy generation capacity from renewable sources in the region.
This will provide both base load and peak load power in underserved markets.
<http://www.bulls.co.zw/> Read more >

Choppies takes stock of losses.$2,5m stock lost, $6,5 assets & equipment
destroyed in 9 shops   

CHOPPIES Enterprises lost stock valued at $2,5 million while equipment and
assets worth $6,5 million were destroyed after nine of its branches were
attacked by violent demonstrators and looters last week. In a statement
yesterday, Choppies chief executive officer Mr Ramachandran Ottapathu said
four of the nine shops were burnt down by the looters. "Choppies would like
to advise the nation of Zimbabwe, its suppliers, stakeholders, and business
clients that the retail chain was a victim of the recent demonstrations that
rocked the country during the stay away that was witnessed two weeks ago.
<http://www.bulls.co.zw/> Read more >

Zimbabwe begins to settle IATA debt

The government has started servicing the International Air Transport
Association (IATA) debt owed to regional and international airlines, with
the board of airline representatives confirming the first payment received
in January. An agreement reached between the central bank, the board of
airline representatives and tourism industry officials in October last year
culminated into a payment plan to service the US$150 million owed to
regional and international airlines at monthly instalments of US$4 million.
<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 >

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.

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