Bulls n Bears Investors Notebook Issue 180: 29 January 2019

Tue Jan 29 12:22:39 CAT 2019

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Bulls n Bears Investors Notebook Issue 180: 29 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

RBZ incorporates US$ on RTGS platform   

THE Reserve Bank of Zimbabwe (RBZ) has upgraded the Real Time Gross
Settlement (RTGS) platform to include the United States dollar as the
institution seeks to facilitate payments of the greenback Nostro account
transactions. A Nostro account is a bank account held in a foreign country
by a domestic bank mainly to facilitate settlement of exchange and trade
transactions. In a circular to RTGS participants yesterday, RBZ deputy
director for financial markets division-National Payment Systems Mr Josephat
Mutepfa said: <http://www.bulls.co.zw/> Read more >

Delta's 3 Soft Drink Factories Closed, Govt Avails Forex Enough For One
Month's Supply Of Raw Materials

Delta Corporation's corporate affairs director Mr Alex Makamure said the
firm received foreign currency from the Reserve Bank of Zimbabwe and managed
to buy raw materials sufficient to cover a month. Speaking to journalists
during a tour of the company by Industry's and Commerce Minister Nqobizitha
Ndlovu, Makamure said Delta has closed three factories because the firm has
run out of key raw materials. He said the raw materials will be shipped
sometime next week towards the first week of February. Said Makamure:
<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

First Capital Bank shelves unbundling of non-core assets   

FIRST Capital Bank, formerly Barclays Bank Zimbabwe has indefinitely
suspended the proposed unbundling of non-core assets for listing on the
Zimbabwe Stock Exchange (ZSE). In a statement regarding the withdrawal to
list the bank's non-core banking properties, the financial institution said:
"Further to the cautionary statement issued by the board on September 14,
2018 which was last renewed on December 31, 2018, the board advises
shareholders and members of the public that the proposed unbundling of the
company's non-core banking properties into a separate entity to be listed on
the Zimbabwe Stock Exchange has been placed on hold."
<http://www.bulls.co.zw/> Read more >

Soft drinks supply set to improve   

The supply of soft drinks is set to improve significantly next month as
Delta Corporation takes delivery of critical raw material. This is after the
company received foreign currency from the Reserve Bank of Zimbabwe through
engagement initiatives between Government and the firm. The delivery of raw
material will come at a time when the company had closed three of its soft
drink plants, including the one in Graniteside in Harare after reportedly
running out of critical raw material. One of the biggest companies listed on
the Zimbabwe Stock Exchange, Delta, says it is facing operational challenges
due to foreign currency shortages prevailing in the country and recently it
suggested to sell its products in forex, a decision that was reversed after
Government intervention..  <http://www.bulls.co.zw/> Read more >

Unki projects higher output   

ANGLO American's local platinum producer, Unki Platinum Mine projects that
this year's output will increase to at least 4,2 million ounces from 1,3
million oz last year. In a quarterly production report for the year ended
December 31, 2018, Anglo American said Platinum Group Metals (PGM) outlook
for 2019 ranges between 4,2 million and 4,5 million oz. "PGM production
outlook (excluding tolling material from Sibanye-Stillwater) for 2019 is
between 4,2 and 4,5 million oz, including platinum production of between
2,0-2.1 million oz and palladium production guidance of between 1,3 and 1,4
million oz," reads part of the report. <http://www.bulls.co.zw/> Read more >

Dutch business experts to meet business people   

NETHERLANDS senior business experts will meet captains of industry in
Bulawayo on Friday as the city moves towards attracting investments. The
city council recently announced a host of policies and incentives aimed at
luring investment and restore Bulawayo as the country's industrial hub. The
upcoming business meeting was being organised by the Professionals Business
Association of Zimbabwe (Probaz). In an interview last week, Probaz
president Dr Lucky Mlilo said the Dutch business experts were coming under
an organisation known as PUM Netherlands senior experts and they will be in
Zimbabwe to educate and offer tips to all interested businesspeople free of
charge. <http://www.bulls.co.zw/> Read more >

AMG, SA firm in coin deal   

African Medallion Group (AMG) owned by South Africa-based local businessman
Frank Buyanga, has signed a coin dealership agreement with the South African
Mint Company, a subsidiary of the South African Reserve Bank for reselling
and redistributing some of its products. The South African Mint is one of
the preferred manufacturers of coins and coin blanks in the world and has
been the leading African mint, with over 120 years' experience in supplying
coins to Africa and the world. During the signing ceremony, AMG was
represented by the company's chief financial officer, Constantine Itai
Maunganidze while the SA Mint Company was represented by it's general
manager Christine Roux. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

One-stop border posts project gains traction

GOVERNMENT is targeting to implement the one-stop border post concept at all
of the country's ports of entry within the next five years to enhance
customs clearances and trade facilitation, an official has said. Giving her
welcome remarks in Victoria Falls last week, Zimbabwe Revenue Authority
(Zimra) commissioner-general Faith Mazani told delegates at the
International Customs Day celebrations that the concept was at the centre of
the tax authority's five-year strategic plan, which will run until 2023.
"Some of the highlights of this plan include the operationalisation of the
smart-border concept through the implementation of the one-stop border
concept on a number of our border posts, with Victoria Falls becoming the
first beneficiary," Mazani said. <http://www.bulls.co.zw/> Read more >

Treasury boss grilled over unbudgeted expenditure

Finance ministry secretary George Guvamatanga was yesterday grilled by
Parliament for Treasury's failure to disclose unbudgeted expenditure and
debt contraction in contravention of the Public Debt Management Act and
Public Management Act. Chairperson of the Public Accounts Committee Tendai
Biti, who served as Finance minister in the Government of National Unity
between 2009 and 2013, quizzed Guvamatanga as to why his ministry had failed
to account for loans contracted by government. Biti said government was
overspending and the Finance ministry had failed to present supplementary
budget proposals before Parliament.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

3 IPPs line up power projects

Three independent power producers - Mopower Solar Limited, Zororo Energy
Company Limited and Guruve Solar Park Limited - have submitted applications
for licensing to set up power projects with a combined generating capacity
of 155 megawatts (MW). Mopower Solar Limited is proposing to invest in a
100MW solar plant at Orient Farm in Somabula near Gweru in the Midlands
Province, as well as the construction of 6km of a 132kV transmission line to
connect the proposed solar plant to the existing Chertsey Gweru 132kV
substation. <http://www.bulls.co.zw/> Read more >

Trade deficit widens

ZIMBABWE recorded a trade deficit of $2,3 billion in the period between
February and December 2018, latest trade data has shown. Figures released by
the Zimbabwe National Statistics Agency (ZimStat) show that between February
and December 2018, the country imported goods and services worth $6,4
billion against exports of $4,1bn, which remain heavily skewed towards
consumptive products. However, according to ZimStat, the Zimbabwe Revenue
Authority (Zimra), which is the source of merchandise trade data, has not
provided figures for December 2017 and January 2018.
<http://www.bulls.co.zw/> Read more >

'Beekeepers smuggling honey to export markets'

Zimbabwe is losing a lot of potential revenue through illegal exportation of
honey to neighbouring countries, as most beekeepers continue to shun formal
honey export procedures due to exorbitant levies charged by government, an
industry official has said. Zimbabwe Apiculture Platform secretary Welcome
Bhila said beekeeping farmers were required to pay a lot of money in levies
before exporting the product. <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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