Bulls n Bears Investors Notebook Issue 289: 15 July 2019

Mon Jul 15 04:17:54 CAT 2019

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Bulls n Bears Investors Notebook Issue 289: 15 July 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

AfDB pushes for regulatory bodies

THE African Development Bank (AfDB) says the Zimbabwean government must
create independent regulatory bodies for sub-sectors in the transport
industry to ensure efficiency. The National Railways of Zimbabwe (NRZ) acts
as both operator and regulator. In the case of road transport, there is no
formal regulatory body. However, in the event that customers for the road,
rail and aviation sub-sectors wish to lodge complaints about the quality of
services and prices, the only avenue is the Competition and Tariffs
Commission.  <http://www.bulls.co.zw/> Read more >

Zimbabwean entrepreneur launches Europe's first autonomous delivery vehicle,
Kar-go

Zimbabwean, William Sachiti and his team at the Academy of Robotics launched
Europe's first roadworthy autonomous delivery vehicle, "Kar-go" which aims
to reduce the cost of last-mile delivery by as much as 90 percent.  In the
first week of its launch, Kar-go has been hosted by the Duke of Richmond and
praised by both the Duke and Zimbabwean dignitaries including the Hon. S.B.
Moyo, Zimbabwean Minister of Foreign Affairs and International Development
and H.E. Christian Katsande, Zimbabwean Ambassador to the UK.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

Trading up as demand returns to the ZSE

The Zimbabwe Stock Exchange (ZSE) traded slightly up during the week ended
July 12 2019, as demand returned to the local bourse. This comes after
Finance and Economic Development minister Professor Mthuli Ncube indicated
that civil service salaries would be reviewed upwards, sparking fresh
inflation fears. In addition, the uninspiring money market rates which fall
behind inflation, after the Reserve Bank of Zibabwe hiked its overnight
lending rates to 50% could have spurred the renewed buying interest on the
stock market.  <http://www.bulls.co.zw/> Read more >

Inflation-linked pay-outs for pensioners

Pensioners are set to start receiving inflation-adjusted pay-outs, as the
National Social Security Authority (NSSA) starts reviewing the compensation
framework. The latest recorded year-on-year inflation rate stood at 97,85
percent as at May 2019, and near-term projections are that it could maintain
an upward trajectory. All things being equal, pension pay-outs are typically
fixed amounts and are not adjusted monthly, hence rising inflation tends to
have a detrimental effect on pensioners' purchasing power.
<http://www.bulls.co.zw/> Read more >

Edgars Stores ups interest rates

Edgars Stores Limited says it is in the process of increasing interest rates
charged on customer accounts due to inflation and increased cost of
borrowing. In a trading update at the company's annual general meeting,
managing director, Linda Masterson said its total borrowings increased to
$9,8 million in the period to May 2019 from $3,5 million last year and the
group plans to borrow more during the year. "$5,9 million is payable within
12 months and the balance is payable over the next three years. We plan to
borrow more to fund capex requirements, growth in the microfinance unit and
working capital, which has been under pressure due to inflation," Masterson
said.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zimbabwe, Zambia seal major power deal

A CONSORTIUM of General Electric and Power Construction Corporation of China
has been awarded the tender to develop the Batoka Gorge Hydro Electric
Scheme (BGHES) under a Build, Operate and Transfer funding model between
Zimbabwe and Zambia. A special Zambezi River Authority Council of Ministers
meeting held in Lusaka, Zambia, on Friday resolved to bring forward the
selection of the contractors given the power shortages afflicting the two
countries.  <http://www.bulls.co.zw/> Read more >

Zimbabwe to avoid recession

Finance minister Mthuli Ncube says Zimbabwe's economy will flat-line this
year, narrowly skirting recession in the face of growing headwinds. Initial
forecasts had suggested that the economy would grow by an average of about
4% this year, but with most indicators pointing southwards halfway through
the year, market watchers have revised their positions. The International
Monetary Fund (IMF) actually suggests that the economy might contract by as
much as 5,2%.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Fuel prices increase   

FUEL prices have gone up with some filling stations in Bulawayo selling
diesel and petrol slightly above the recommended maximum price stipulated by
the Zimbabwe Energy Regulatory Authority (Zera). Zera announced the price
adjustments on Saturday with the maximum pump price of diesel and petrol set
at $5,84 and $6,10 per litre respectively. The latest increase in the price
of fuel is the third this year and Zera hiked the prices in May pegging the
price of a litre of petrol at $4,97 while diesel was at $4,89 per litre.
<http://www.bulls.co.zw/> Read more >

Zimbos urged to accept artificial intelligence   

ZIMBABWEANS have been urged to embrace artificial intelligence in line with
modern workplace trends so as to accelerate industrial output and boost
economic growth. This emerged during an Institute of People Management in
Zimbabwe (IPMZ) conference recently held in Victoria Falls. Experts who
spoke at the conference said human resources personnel, as well as other
professions, face extinction if they resist change as some of the jobs will
be replaced by technology by 2030.  <http://www.bulls.co.zw/> Read more >

Government targets export led industrialisation   

The continued use of antiquated machinery in industries coupled with
shortages of both foreign currency and electricity need to be immediately
addressed for the country to achieve export-led industrialisation as
highlighted in the recently launched industrial development policy, ZimTrade
chief executive officer Allan Majuru has said. Zimbabwe recently launched a
Zimbabwe National Industrial Development Policy (2019-2023), which among
other things looks to the export sector as a key growth area towards
economic revival. The target is to have an export-led industrialisation.
<http://www.bulls.co.zw/> Read more >

200 exhibitors confirm participation at Mine Entra   

OF the 200 direct exhibitors so far registered for this year's Mine Entra,
only 29 percent are from Bulawayo, according to the Zimbabwe International
Trade Fair (ZITF) Company. Bulawayo hosts the specialised exhibition this
week starting Wednesday up to Friday under the theme: "Resourcing the
Future: Exploring and Leveraging Mining Potential". "In terms of local
participation, 64 percent of the confirmed exhibitors are coming from Harare
while 29 percent will come from Bulawayo and the remainder from other
cities," ZITF Company acting general manager, Mr Nicholas Ndebele, said.
<http://www.bulls.co.zw/> Read more >

'Govt to take 100pc of Zupco ownership'   

ZIMRE Holdings Limited has signalled a possibility of a disinvestment or a
potential buy-out in Zupco by the Government. Government holds 51 percent of
the transport company while Zimre has a 49 percent stake it acquired from
United Transport Group, the original owners of Zupco, in 1995. Zupco had
been operating on a low-note since mid-2000s due to the growing private
owned transportation system and has been a victim of numerous scandals and
corruption. The bus company's revival was given a fresh impetus after
January riots which followed a fuel price increase that consequently led to
exorbitant transport fares (by privately owned coaches) hardly sustainable
for the working population.
<http://www.bulls.co.zw/2019/07/12/mobile-phone-penetration-rate-drops/>
Read more >

Tobacco sales 4 percent lower than last year   

Zimbabwean farmers have so far sold  222,6 million kilogrammes of tobacco
worth US$432.9 million, 4 percent  lower than last year's 231,8 million kg,
figures released by the  industry regulator show. Statistics released by the
Tobacco Industry and Marketing Board on day 77 of sale show that during the
same period last year, at least 231,8  million kg tobacco worth $676,9
million had been sold.  <http://www.bulls.co.zw/> Read more >

Old Mutual flexes for smallholder farmers   

Insurance giant Old Mutual Zimbabwe says it is in the process of
re-designing agricultural insurance products to cater for smallholder
agriculture. Zimbabwe is still largely an agricultural-based economy, with
the latest population census (2012) showing that over 60 percent of
Zimbabweans are employed in the agricultural sector, or at least derive
their livelihood from agriculture and other related rural economic
activities. But agricultural production is also vulnerable to periodic
droughts and climatic vagaries, which means the majority of farmers' means
of production are highly exposed.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

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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