Bulls n Bears Investors Notebook Issue 181: 30 January 2019

Wed Jan 30 07:40:07 CAT 2019

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Bulls n Bears Investors Notebook Issue 181: 30 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

ED gets 500 buses for mass transport   

Belarus has offered Zimbabwe a facility of 500 buses to modernise its mass
public transport system, as the recent visit by President Mnangagwa to
Eurasia begins to yield fruit. The Head of State and Government visited
Belarus, Azerbaijan and Kazakhstan in a week-long tour of the subcontinent.
In their meeting, Belarusian President Alexander Lukashenko offered Zimbabwe
500 buses, a boost for the country which is moving towards mass public
transportation in line with both the Transitional Stabilisation Programme
and Vision 2030 blueprints. <http://www.bulls.co.zw/> Read more >

All eyes on Air Zim   

Companies offering services to Air Zimbabwe are pinning hopes of viability
and possible repayment of debts on the placement of the national airline
under reconstruction. This emerged on Monday when head honchos of the Civil
Aviation Authority of Zimbabwe (CAAZ) and the National Handling Services
(NHS) appeared before the Parliamentary Portfolio Committee on Transport and
Infrastructural Development. CAAZ is owed $44,8 million dating back to 2009
for the provision of airport and air navigation services, while NHS is also
owed $24 million for passenger and cargo handling. The debts are negatively
impacting on the two companies' operations.  <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

Trade deficit hits $2,4bn   

Zimbabwe's trade deficit for the 11 months to December 2018 stood at $2,4
billion, as the value of imports continued to outstrip value of exports,
mostly unprocessed raw materials. Figures from the Zimbabwe national
Statistics Agency (Zimstats), show that Zimbabwe imported goods worth $6,3
billion between February and December 2018, from $4,9 billion recorded
during the same period the prior year. This was against exports that came in
at $3,9 billion, representing an increase of 14 percent from the $3,4
billion worth of exports recorded in 2017. However, the growth was not
enough to offset the ballooning import bill. <http://www.bulls.co.zw/> Read
more >

Vaya customers give ride service the thumbs up   

HARARE - Cassava-on-Demand's Vaya Ride service has received a boost from
customers that have hailed the popular ride service for its convenience,
cost-effectiveness, safety and reliability. Barely three months after the
online, Uber-like car ride service was launched in late October 2018, Vaya
has quickly grown in popularity, especially with busy urban customers that
value convenience and the efficient use of time. <http://www.bulls.co.zw/>
Read more >

Cabinet sets up team to assess demo damage   

Government has set up a Cabinet ad hoc committee to assess the level of
damage to infrastructure and the quantum of losses incurred by
businesspeople during the recent violent demonstrations perpetrated by
MDC-Alliance and its affiliate non-governmental organisations (NGOs). The
committee, comprising eight ministries, was tasked to immediately come up
with measures to bring relief to affected communities and help businesses to
recover. <http://www.bulls.co.zw/> Read more >

City gets tough on noisemakers   

Harare City Council is set to clampdown on "noisemakers" following
complaints over churches, bars, restaurants and sports clubs, with various
infrastructure earmarked for restoration as part of the Urban Renewal
Project. Council is also set to bring a new lease of life to Mbare after
carrying out a programme to demolish illegal structures which are congesting
the city's oldest suburb. The demolition of illegal structures will pave way
for affordable shopping, workshop and vending spaces, as well as affordable
and sustainable accommodation in a healthy and clean environment.
<http://www.bulls.co.zw/> Read more >

Agribank avails $100m for summer cropping season   

ZIMBABWE's premier agriculture finance institution, Agribank, is disbursing
over $100 million for the 2018/2019 summer cropping season in an effort to
increase productivity on farms. This comes as Government, which wholly owns
Agribank - in 2017 directed the financial institution to focus on its core
mandate of financing agriculture. The Reserve Bank of Zimbabwe (RBZ) last
year transferred $6 million to Agribank in a bid to fund the Command
Livestock scheme after a realisation that Homelink Financial Services, which
it had given the facility earlier, had few branches to distribute the
heifers nationwide. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Fourth State warehouse razed down in Beitbridge   

AUTHORITIES at Beitbridge Border Post have started investigating the cause
of a fire which razed down a State warehouse and property worth thousands of
dollars at the port of entry yesterday. Though official comment could not be
obtained from the Zimbabwe Revenue Authority's (Zimra) communications
department, officials here said the matter was under investigation. They
said the fire broke out between 6AM and 7AM at the export warehouse near the
section where commercial trucks are checked for compliance before leaving
for South Africa. <http://www.bulls.co.zw/> Read more >

Government supports online forex traders   

THE Government is ready to support the Forex Traders' Association of
Zimbabwe (Fotraz) through the establishment of a Special Economic Zone.
Industry and Commerce Deputy Minister Raj Modi said this at the launch of
Fotraz in Bulawayo on Saturday. A Special Economic Zone (SEZ) is a
designated geographical region that operates under special economic
regulations that are different from other areas in the same country. The
concept is meant to offer special conditions and incentives to enhance
international competitiveness as well as bolstering industrial growth and
development. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Shares in Zimbabwe's Meikles being put on auction

HARARE - Shares in Zimbabwe Stock Exchange-listed retail and agro-processing
firm Meikles Limited are to be auctioned through the sheriff of the high
court as Zimbabwean companies continue to battle to settle debts and other
overdue obligations owing to the financial crunch in that country. Meikles
is one of Zimbabwe's biggest and oldest companies and it runs Pick n Pay and
TM Supermarkets stores in the country together with the South African
grocer. Zimbabwean banks and other service providers are increasingly
turning to the courts to recover unpaid loans, debts or funds for other
services rendered but not paid for. <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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