Bulls n Bears Investors Notebook Issue 295: 23 July 2019

Tue Jul 23 03:56:53 CAT 2019

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Bulls n Bears Investors Notebook Issue 295: 23 July 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Fuel prices up 22pc   

The Zimbabwe Energy Regulatory Authority (Zera) has implemented a 22 percent
increase in the prices of petrol and diesel, respectively. Zera announced
yesterday that a litre of petrol will now cost $7,47, a 22,4 percent jump
from $6,10. Diesel now costs $7,19 a litre, a near similar rise to the
petrol increase at 23 percent.  <http://www.bulls.co.zw/> Read more >

Unki earnings rise   

Platinum producer, Unki Platinum Mine's earnings before interest, tax,
depreciation and amortisation (EBITDA) rose 15 percent to R488 million ($310
million using Monday's interbank rate) in the half year to June 30 2019,
after achieving record production in platinum group of metals (PGMs). This
led to a growth in EBITDA margin of 27 percent, which was flat on the prior
year when excluding the once-off benefit in the same period in the prior
year of the sale of Treasury bills.   <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

Chinese Tiles Company Set To Lose US$1.2 Million

A Chinese tiles manufacturing company operating in Norton, YI Feng Tiles, is
likely to lose about US$1.2 million due to power cuts. Loadshedding has
reportedly affected the company's production capacity and quality of
products the company is producing lately. Speaking to the Daily News, YI
Feng Tiles vice managing director, William Gung, said:
<http://www.bulls.co.zw/> Read more >

Beer Prices Very Low On The Black Market, Attract Hotels, ETC

Alcohol is reportedly very cheap on the parallel market of Bulawayo, a
development that has seen consumers flocking there. Alcohol consumers who
spoke to New Zimbabwe revealed that prices by formal traders were chasing
them towards the black market. Whilst a bottle of Johnnie Walker Red Label
whisky is costing US$8 or 110 Rands on the black market, the same costs
between $250 and $400 in shops $500 in some shops. While a bottle of Jameson
costs US$10 or 145 rands, the same costs about $500 in some shops.
<http://www.bulls.co.zw/> Read more >

Trade deficit down 71 pc   

ZIMBABWE'S trade deficit for the period February-May 2019 decreased by 71
percent to US$325 million from US$1,1 billion recorded in the comparative
period in 2018, ZimTrade has revealed. The development is attributable to a
32 percent decrease of total import bill which stood at US$1,6 billion from
the US$2,3 billion recorded in the same period in 2018. Total exports for
the period under review amounted to US$1,3 billion, indicating a three
percent increase from US$1,2 billion recorded during the same period last
year.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Mine workers get salary adjustment   

THE Chamber of Mines of Zimbabwe has acceded to workers' demands for salary
adjustments and agreed to settle for a 35 percent salary hike to cushion
them from inflation. The workers, through the Associated Mine Workers Union
of Zimbabwe had been arguing that their earnings had been eroded by
inflation and were thus calling for an adjustment.
<http://www.bulls.co.zw/> Read more >

Close To US$80 Billion Lost Due To Illegal Sanctions - SB Moyo

The government says that Zimbabwe lost close to US$80 billion in revenue
since Western countries imposed sanctions on the country in 2001. This was
revealed by Foreign Affairs and International Trade Minister Sibusiso Moyo.
Minister Moyo made the revelation on Monday when he appeared before the
Parliamentary Portfolio Committee on Foreign Affairs and International
Trade. He said:  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Counterfeit Whiskey Brands Flood Beer Joints - Report

With some reports claiming that alcohol has become every cheap on the black
market, that is, on the streets, it has been established that most of the
brands flooding the market are fake brands. The counterfeit beer, especially
whiskey brands have flooded the streets in major urban centres across the
country. The fake brands, which include popular brands such as Johnnie
Walker's Red Label, Jameson, Red, Grants and Best brands, are reportedly
being smuggled into the country from neighbouring Mozambique, South Africa
and Namibia at ridiculously low prices according to 263Chat.com.
<http://www.bulls.co.zw/> Read more >

Zimbos in SA to get health insurance   

Zimbabweans and other foreign nationals living and working legally here will
be taken care of under the proposed National Health Insurance (NHI), South
Africa's Minister of Health, Dr Zweli Mkhize, said yesterday. Responding to
questions by The Herald during a Press briefing on the sidelines of the
Board of Health Funders in Southern Africa Conference (BHF) currently
underway here, Dr Mkhize said the system had factored in all foreign
nationals who were properly documented.  <http://www.bulls.co.zw/> Read more
>

Govt targets 20m tonnes coal output   

Government is targeting more than 20 million tonnes of coal per year within
the next four years, Mines and Mining Development Minister Winston Chitando
has said. Minister Chitando said the target is realistic as Government is
working out feasible mechanisms that will inclusively result in a $12
billion mining industry.  <http://www.bulls.co.zw/> Read more >

CZI keen to support Zesa   

THE Confederation of Zimbabwe Industries (CZI) is keen to assist ZESA to
import electricity from the region to address the crippling power outages
affecting production capacity and revenue generation. Critically, the
depressed production in the manufacturing sector has also impacted on
exports, a move that directly impacts on foreign currency generation.
<http://www.bulls.co.zw/> Read more >

Power cuts escalate telecoms costs: Econet   

THE crippling power outages being experienced across the country have
escalated operational costs and compromised the quality of service delivery
in the telecommunications sector, Econet Wireless Zimbabwe, has said.  In a
statement yesterday, Econet apologised to its customers following the mobile
network collapse at the weekend, which it said was "triggered by Zesa power
outages" at its network operations centre in Harare.
<http://www.bulls.co.zw/> Read more >

ZMF urges Government to speed up Mines Bill amendment process   

GOVERNMENT should speed up the amendment process to the Mines and Minerals
Amendment Bill to create a proper legal framework that will address sticking
issues in the mining sector, small-scale miners lobby body, the Zimbabwe
Miners Federation (ZMF), has said.  President Emmerson Mnangagwa last year
ordered that the Mines and Minerals Amendment Bill be taken back to
Parliament for further scrutiny after miners cried foul that they were left
out in the crafting process. Since then, there has been little progress in
the amendment process, a situation that has hampered progress in the mining
sector, the country's largest foreign currency earner.
<http://www.bulls.co.zw/> Read more >

Government targets 10pc merchandise export growth rate   

GOVERNMENT has set a 10 percent target on merchandise export growth per
annum by positioning the industrial sector towards export development in
value added products. Industry and Commerce Deputy Minister Raj Modi said
this while addressing delegates at the Mine Entra Conference in Bulawayo
last Thursday. He explained that export led growth was at the heart of
strategic objectives under the Zimbabwe National Industrial Development
Policy (ZNIDP).  <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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