Bulls n Bears Investors Notebook Issue 181: 31 January 2019

Thu Jan 31 10:17:07 CAT 2019

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Bulls n Bears Investors Notebook Issue 181: 31 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

Zim graft worsening: Watchdog

Zimbabwe continues to rank poorly on Transparency International's (TI)
corruption index, dropping three places from last year to 160 out of 180
countries in the latest edition of the report. For the past three years, the
southern African nation has scored a paltry 22 points out of a possible 100,
a strong indication that nothing much has changed despite a change in
government. <http://www.bulls.co.zw/> Read more >

Miners object EPOs introduction

Zimbabwe Miners Federation (ZMF), the umbrella body representing small-scale
miners, is opposing applications for Exclusive Prospecting Orders (EPOs)
made by 11 local and international mining companies, which are currently
under consideration by the mining affairs board. In a communique to the
Mines minister, Winston Chitando, ZMF stated that they objected to the EPOs
applications as they were against national interests.
<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

Companies Bill presented

JUSTICE minister Ziyambi Ziyambi yesterday presented the second reading of
the Companies and Other Business Entities Bill which, among other
provisions, facilitates the electronic registration of businesses, before
Parliament. Ziyambi told the National Assembly that the Bill sought to
replace and update the law relating to companies, which is an archaic 1951
law whose features need to be updated. The Bill would also allow for the
registration of companies using any of the local languages recognised by the
Constitution. <http://www.bulls.co.zw/> Read more >

Econet eyes Byo as renewable energy centre

TELECOMMUNICATIONS giant Econet Wireless has chosen the City of Bulawayo as
the centre of its renewable energy business in Zimbabwe in order to
stimulate employment opportunities in the country's second largest city. In
a statement yesterday, Econet Energy chief executive, Norman Moyo said at
the direction of the group chairman, Strive Masiyiwa, the company was
setting up its energy business in Bulawayo. "Econet has chosen the City of
Bulawayo as the centre of its renewable energy business in Zimbabwe," reads
part of the statement. <http://www.bulls.co.zw/> Read more >

Cottco focuses on productivity, quality   

THE Cotton Company of Zimbabwe - which administers Government's cotton
inputs scheme - is putting in place measures to improve productivity and
quality as it seeks to have the country reclaim its status as of one of the
world's top quality producers. After significantly increasing production
during the past three seasons-thanks to the Presidential Free Inputs Scheme
- Cottco said it was now placing more emphasis on boosting productivity to
further grow volumes and improve quality. Zimbabwe's cotton production
plummeted to 28 000 tonnes in the 2015 /16 season, the lowest in nearly two
decades, but output bounced back with national deliveries reaching 142 000
tonnes last year. <http://www.bulls.co.zw/> Read more >

Masiyiwa appointed to National Geographic Society board   

Founder of the Econet Group and billionaire Mr Strive Masiyiwa has been
appointed to the board of trustees of the National Geographic Society. The
National Geographic Society is an impact-driven global non-profit
organisation based in Washington, DC. The announcement of his selection was
made by Mr Jean Case, chairman of the Society's board of trustees, and Ms
Tracy R Wolstencroft, the organisation's president and chief executive
officer. "We are delighted to welcome Strive to the National Geographic
Society board of trustees," said Mr Case. "An impact-driven non-profit like
the Society requires leadership that reflects the complex interdependent
world in which we live. <http://www.bulls.co.zw/> Read more >

Govt, Redan resolve coupons impasse   

Government has reached an agreement with Redan Petroleum that will see the
company's customers who had already bought coupons before the recent fuel
price adjustment, receiving 20 litres for each coupon of the same value they
hold. Further, all customers that had redeemed 8 litres on their 20 litre
coupons, have been advised to contact Redan for a solution. Redan buckled
from its earlier position after marathon meetings with Government over an
amicable solution. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zesa engages BCC over power station   

State power utility Zesa Holdings says it will engage Bulawayo City Council
(BCC) and other stakeholders to resolve the ownership wrangle over Bulawayo
Power Station, which BCC claims to own. This comes after BCC and a residents
association objected to attempts by Zesa to have the generation licence for
the power plant extended by 20 years from 2024, when the power utility would
have completed its re-powering. Bulawayo Power Station, which has outlived
its useful life and is not producing electricity, is set to be revamped
through a loan Government secured from the Indian Eximbank and on completion
will generate 90 megawatts. <http://www.bulls.co.zw/> Read more >

'Don't just pass cost burden to consumers'   

Businesses should continue to dialogue with Government and avoid the
tendency of passing the cost burden to consumers as Government seeks
solutions to the country's economic problems, according to Chartered
Institute of Customer Relationship Management (CICRM) director Dr Mthokozisi
Nkosi. Many businesses have been hard hit by the scarcity of foreign
currency on the market and some of them have responded by tinkering with
product quality in a bid to cut the cost of production and maximise on
profit. Others have just increased the price of their products pursuing the
value of foreign currency on the unofficial market.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Nedbank no longer funding coal power producers   

Nedbank South Africa is no longer funding coal power producers. This
decision fits with the banking group's commitment to "green" funding,
responsible lending and supporting sustainability initiatives. The bank says
its initial proposal for funding the construction of the Thabametsi and
Khanyisa independent power producers (IPPs) has lapsed and will not be
renewed. This follows a corporate policy announced in early 2018 that the
bank would no longer fund the construction of any new coal-fired power
plants beyond its existing commitments to fund Thabametsi and Khanyisa,
which were included as part of the new coal IPP programme in the South
African Department of Energy's draft integrated resource plan for
electricity, Draft IRP 2018. <http://www.bulls.co.zw/> Read more >

Zim, Zambia in joint wildlife conservation programme   

Zimbabwe and Zambia have launched a joint $5,5 million Sustainable Wildlife
Management Programme (SWMP) to be implemented over a period of five years.
The project, being implemented with the assistance of development partners,
aims to reduce the pressure of hunting wildlife by promoting, under the
auspices of Community Conservancies (CC), sustainable use of wildlife. In
Zimbabwe, the project would be implemented in the Mucheni community
conservancy, which is located in Binga District, Matabeleland North province
while in Zambia, it would be implemented in the Simalaha CC in Mwandi and
Kazungula districts in the Southern and Western provinces.
<http://www.bulls.co.zw/> Read more >

'Economy to grow as fuel demand normalises'   

THE normalisation of fuel demand across the country leaves Government in
good stead to boost economic growth, taking advantage of funds being served
per month from reduced imports of petrol and diesel. Government reviewed
fuel prices upwards on January 12, 2019, to curb rampant speculation that
caused fuel shortages and endless queues. Petrol prices were increased to
$3,31 per litre while diesel is now going for $3,11 per litre. This has
eliminated the snaking queues that had almost become a permanent fixture at
service stations across the country. <http://www.bulls.co.zw/> Read more >

Civil servants housing deal done   

GOVERNMENT'S focus is on availing non-monetary benefits to its workers to
enhance their livelihoods, a Cabinet Minister has said. This was said by
Public Service, Labour and Social Welfare Minister, Dr Sekai Nzenza
yesterday during the signing ceremony of a Memorandum of Agreement to roll
out $60 million housing facility for civil servants. The agreement was
signed between secretary to the Service Commission Ambassador Jonathan
Wutaunashe and National Building Society managing director, Mr Lameck Danga.
<http://www.bulls.co.zw/> Read more >

R55 billion for Lupane gas   

A SOUTH African mining company, Tumagole Consortium, says it is committed to
investing R55 billion into the coal-bed methane mining project in Lupane.
Tumahole Consortium officials, led by South African Ambassador to Zimbabwe
Mr Mphakama Mbete, paid a courtesy call on Vice President Constantino
Chiwenga yesterday. The company - which has started working on the project
under a non-binding contract - said if it got a binding contract, it would
invest more. Ambassador Mbete told journalists after the meeting that his
country was keen on signing mining deals with Zimbabwe.
<http://www.bulls.co.zw/> Read more >

THE African Development Bank (AfDB) projects 4 percent GDP growth for Africa

THE African Development Bank (AfDB) predicts a four percent growth in
Africa's Gross Domestic Product this year which is expected to accelerate to
4, 1 percent in 2020. In its economic outlook report for 2019, the bank
highlighted that the continent's envisaged growth prospects would be driven
by the continued recovery of the general economic performance.
<http://www.bulls.co.zw/> Read more >

$15m hotel under construction

HOSPITALITY concern, Ilala Lodge Hotel Group has started the construction of
a $15 million hotel along the Zambezi River in Victoria Falls. In a
statement, the group said the building of the four-star hotel whose
completion is expected in June 2020, follows the groundbreaking ceremony
that was held last week. "Ilala Lodge Hotel Group commenced construction of
a new luxury hotel on the banks of the Zambezi River in Victoria Falls
following a groundbreaking ceremony held last week.
<http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

TSL

finals and analysts briefing

28 Simon Mazorodze, Southerton

30 Jan 2019  - 3pm

Nampak

AGM

68 Birmingham Road, Southerton

06 Feb 2019 - 12pm

Ariston

AGM

Royal Harare Golf Club

19 Feb 2019 - 2:30pm

Zimbabwe

Robert Mugabe National Youth Day

Zimbabwe

21 Feb 2019

Powerspeed

AGM

Boardroom, Gate 1, Powerspeed Complex, Graniteside

28 Feb 2019 - 11am

Zimbabwe 

Independence Day

Zimbabwe

18 Apr 2019 

Good Friday

19 Apr 2019

Easter Saturday

20 Apr 2019

Easter Sunday

21 Apr 2019

Easter Monday

22 Apr 2019

Workers Day

01 May  2019

Africa Day

25 May 2019

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!

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