Bulls n Bears Investors Notebook Issue 263: 07 June 2019

Fri Jun 7 05:25:34 CAT 2019

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Bulls n Bears Investors Notebook Issue 263: 07 June 2019

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Bulls ‘n Bears Investors Diary: Today’s Events

Quotable Quote:

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

Govt seeks private sector funding   

Government is in talks with Afreximbank for finance for private companies that are seeking offshore borrowings to retool, Industry and Commerce Minister Mangaliso Ndlovu has said. The development comes after Government last year announced that it was considering providing credit guarantees for offshore borrowings by private firms seeking funding amid reports local industries require at least US$2 billion to retool.  <http://www.bulls.co.zw/> Read more »

Zimbabwe embraces green financing   

THE Reserve Bank of Zimbabwe (RBZ) is working on a framework that will guide the country’s financial sector to adopt sustainable green financing principles in line with global trends. RBZ deputy governor Dr Kupukile Mlambo said this in his official address at the Sadc Development Finance Institutions Network (Sadc-DFIs) conference, which ends today here.  <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

EU to launch livestock programme   

THE European Union will next week launch a €40 million four-year agricultural growth programme to improve Zimbabwe’s livestock sector. The Zimbabwe Agricultural Growth Programme (ZAGP) who are the technical partners to the project revealed this in a statement. “A four-year agricultural growth programme will be launched in Zimbabwe on June 11, 2019, paving the way for increased livestock development in the country.  <http://www.bulls.co.zw/> Read more »

Coal output plunges 38pc   

Zimbabwe coal production plunged by 38,2 percent in the first four months of this year compared to the same period last year, as coal miners grappled with foreign currency shortages, statistics from the Mines and Mining Development ministry show. Between January and April the four coal mining firms managed a total of 531 000 tonnes compared to 859 300 tonnes in the same period the previous year with the two biggest miners Hwange Colliery Company Limited (HCCL) and Makomo Resources taking heavy knocks.  <http://www.bulls.co.zw/> Read more »

Parastatals urged to improve service delivery   

Government expects  parastatals to provide top notch service to clients and move away from  the culture of banking on their statutory existence, a Cabinet minister  said yesterday. Lands, Agriculture and Rural Resettlement Minister Perrance Shiri told  the new Zimbabwe National Water Authority (Zinwa) board in an inaugural  address that gone were the days when parastatals would give poor service  to clients.  <http://www.bulls.co.zw/> Read more »

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Chrome production largely flat   

ZIMBABWE’S chrome production remained largely flat in the first four months of this year, with official figures showing that total output registered marginal growth of 0,5 percent. Statistics availed to The Business Weekly by the Ministry of Mines and Mining Development, show that chrome mining houses hauled a combined 532 000 tonnes in the first four months compared to 529 000 tonnes in the same period last year.  <http://www.bulls.co.zw/> Read more »

Source funds internally, President urges firms   

Government is committed to supporting turnaround efforts by entities through the creation of a conducive investment climate which ensures viability and guarantees security of investment, President Mnangagwa has said. He implored firms to pursue capital injection through internally-mobilised resources instead of focusing on borrowing as the only option.  <http://www.bulls.co.zw/> Read more »

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Govt mulls raw granite export ban   

Government will soon ban unprocessed granite exports as part of efforts to enhance foreign currency generation. This was said by President Mnangagwa yesterday after touring Southern Granites (PVT) Ltd in Chitungwiza. The company is into processing of granite and the President said he was impressed by its operations.  <http://www.bulls.co.zw/> Read more »

Zim targets Chinese citrus market   

Plans to export citrus products to China are at an advanced stage as Government intensifies efforts to pursue low hanging fruits while awaiting bigger projects to take off, Foreign Affairs and International Trade Minister Dr Sibusiso Moyo has said. Speaking after meeting Chinese Ambassador to Zimbabwe, Guo Shaochun in Harare yesterday, Dr Moyo said an agreement was expected to be signed soon.  <http://www.bulls.co.zw/> Read more »

Investment agency urged to cut red tape   

THE Zimbabwe Investment Development Agency (Zida) should issue out consolidated investment permits to prospective investors to cut bureaucracy and improve the ease of doing business. This was said by stakeholders who attended a public hearing on the Zida Bill conducted by two Parliamentary Portfolio Committees on Industry and Commerce, and Foreign Affairs and International Trade at the Large City Hall in Bulawayo and Victoria Falls this week.  <http://www.bulls.co.zw/> Read more »

Maize harvest to drop 54 percent   

The country is expecting 776 635 tonnes of maize from the 2018/2019 summer cropping season due to a poor rainfall season characterised by long dry spells, the second round crop and livestock assessment report reveals. The output represents a 54 percent decline compared to the 2017/2018 cropping season, which yielded 1 700 702 tonnes.  <http://www.bulls.co.zw/> Read more »

Mphoko pockets US$3 million to exit Choppies

Former Vice-President Phelekezela Mphoko and his son Siqokoqela have sold their shares in Choppies Supermarkets Zimbabwe for US$2,9 million, the company has announced. In a notice to shareholders, Botswana-headquartered Choppies said before the transaction, it held “93% of the economic interest and 49% of the equity while the Mphokos held a 7% economic interest and 51% of the equity” in Nanavac Investments, trading as Choppies Zimbabwe.  <http://www.bulls.co.zw/> Read more »

Mthuli Ncube to resign as Minister

Finance Minister Mthuli Ncube will have to resign as Minister if he is endorsed by ZANU PF Matabeleland North province to stand as a Member of Parliament a constitutional expert has said.  Shephard Dube a constitutional lawyer from the University of South Africa says precedence was set during the President Robert Mugabe era that when a Minister appointed outside parliament contests for a parliamentary seat he has to resign from the Ministry and get reappointed.  <http://www.bulls.co.zw/> Read more »

DDF seeks review of roadworks contractor rates

THE District Development Fund (DDF) says it is facing a litany of service delivery challenges that have seen contractors engaged for road projects threatening to withdraw services citing high fuel…  <http://www.bulls.co.zw/2019/06/05/ddf-seeks-review-of-roadworks-contractor-rates/> Read more »

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

RTG

AGM

Jacaranda Rooms 2 and 3, Rainbow Towers

12 June 2019, 12pm

Zimplow

AGM

Head Office, 36 Birmingham Road, Southerton

13 June 2019, 10am

TSL

AGM

28 Simon Mazorodze Road, Southerton

19 June 2019, 12pm

Zimpapers

AGM

Boardroom, 6th Floor, Herald House

20 June 2019, 12pm

Masimba Holdings

AGM

Head Office, 44 Tilbury Road, Willowvale

21 June 2019, 12:30pm

RioZim

AGM

1 Kenilworth Road, Highlands

24 June 2019, 10:30am

Proplastics

AGM

Palm Court, Meikles

25 June  2019, 10am

MedTech

AGM

Boardroom, Stand 619, corner Shumba/Hacha Roads, Ruwa

27 June 2019, 2pm

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.

Invest Wisely!

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