Bulls n Bears Investors Notebook Issue 265: 11 June 2019

Tue Jun 11 07:43:18 CAT 2019

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Bulls n Bears Investors Notebook Issue 265: 11 June 2019

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

'Zim not ready to fully implement AfCFTA'   

Zimbabwe will fully implement the African Continental Free Trade Area
(AfCFTA) in the next 15 years once the country has fully industrialised for
it to effectively benefit from the 1,2 billion market provided by the trade
agreement, Minister of Industry and Commerce Mangaliso Ndlovu has said.
AfCFTA, which is expected to boost intra-Africa trade came into being on May
30 after it was ratified by 22 member countries including Zimbabwe, in what
the African Union (AU) believes will be a continent-wide market of 1,2
billion people worth US$2,5 trillion. <http://www.bulls.co.zw/> Read more >

Ilala Lodge embraces green tourism   

VICTORIA Falls' Ilala Lodge Hotel observed the World Environment Day in
style last week by embracing the green tourism initiative, which encourages
eco-friendly activities. Also called responsible tourism or sustainable or
eco-tourism, green tourism refers to environmentally-friendly tourism
activities that have low negative impact on the surroundings.
<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

CSC Masvingo set to resume operations   

THE Cold Storage Company (CSC) is set to resume operations in Masvingo amid
reports that tenants occupying company premises have since been served with
three months notices to leave. Masvingo Provincial Affairs Minister of
State, Ezra Chadzamira, said this as he expressed confidence that the giant
firm would be successfully transformed after Government finalised a mega
deal with a United Kingdom investor.  <http://www.bulls.co.zw/> Read more >

Potraz puts emphasis on quality service   

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)
has directed mobile network operators to increase focus on providing
consumers with quality service experience by investing in new technological
innovations.  In its Consumer Survey Report for 2018 launched last week,
Potraz said all mobile network operators (MNOs) should monitor critical
network parameters such as quality, call dropout frequency, network
availability and voice quality experienced by their consumers.
<http://www.bulls.co.zw/> Read more >

Telecel to clear licensing arrears   

MOBILE operator Telecel Zimbabwe has said it is now targeting to clear its
licensing obligations of US$137,5 million to Government by 2020. In 2013 the
mobile operator made an arrangement with the Postal Regulatory Authority
(Potraz) to pay off its fees in instalments after the regulator had made
moves to cancel the operator's licence. However, the mobile operator missed
its payment plans last year and in 2017 and now owes an outstanding US$93,5
million.. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

ZIMBABWE is not in a position to liberalise domestic gold marketing and
buying as this will negatively affect the flow of foreign currency into the
economy, Reserve Bank of Zimbabwe (RBZ) deputy governor Dr Kupukile Mlambo
has said. He was responding to calls by the Zimbabwe Miners Federation (ZMF)
at the recent annual mining indaba who demanded an end to the monopoly of
Fidelity Printers and Refiners. Fidelity is an RBZ subsidiary and sole gold
buyer in the country. <http://www.bulls.co.zw/> Read more >

Stanbic, Zimplats merge CSR efforts in Mat'land   

STANBIC Bank Zimbabwe and Zimplats have combined forces to support people
with albinism in parts of Matabeleland districts. The two organisations have
been actively supporting people with albinism in their individual capacities
and have embarked on a partnership to benefit Binga, Hwange and Lupane
districts. At events recently held in Binga and Hwange, Stanbic Bank and
Zimplats handed over spectacles and sunscreen lotions to 27 beneficiaries
who were in need of the support. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Nust should spin new industries, says Prof Murwira   

GOVERNMENT has challenged the National University of Science and Technology
(Nust) to lead Bulawayo's industrialisation process through creating new and
supporting existing industries. Bulawayo used to be the country's industrial
hub but has suffered de-industrialisation, resulting in massive job losses.
Higher and Tertiary Education, Science and Technology Development Minister
Professor Amon Murwira said Nust should fulfil its mandate of being the
centre of the country's science and technology innovations.
<http://www.bulls.co.zw/> Read more >

$70 million to set up people's shops   

GOVERNMENT has set aside $70 million for provision of people's shops in a
move aimed at curtailing wanton increases in prices of basic commodities,
Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa
has said. Addressing Zanu-PF Manicaland's Provincial Coordinating Committee
meeting yesterday, she castigated unjustified price increases by companies
such as the giant sugar producer - Tongaat Hulett. <http://www.bulls.co.zw/>
Read more >

Cottco optimistic of new hybrid varieties   

The new cotton hybrid varieties Cottco intends to introduce could catapult
annual output to about 1,1 million tonnes, managing director Mr Pious
Manamike said last week. A research undertaken by Cottco last year - under
drought conditions - showed each plant produced an average 120 balls, which
translate into about 11 tonnes per hectare.  With better conditions, the
number of balls per plant can increase to about 150. With the current open
pollinated varieties, a plant can produce an average of 30 balls.
<http://www.bulls.co.zw/> Read more >

Policy gaps costing the country billions   

More wealth leaves the country every year than it enters and the rest of the
world is profiting more than most Zimbabwean citizens from the country's
wealth. There are policy flaws in the gold, diamond sectors, Money
Laundering and Proceeds of Crime (Amendment) Bill and at the Zimbabwe
Revenue Authority that needs amendments or complete overhauling.
<http://www.bulls.co.zw/> Read more >

Passport crisis set to ease: Govt   

Government has assured the nation that the production and processing of
passports is set to increase following the availability of machinery and
printing paper. This comes after members of the public have been complaining
that the Registrar-General's Office was taking time to process passports.
Sources at the Registrar-General's Office revealed yesterday that they were
printing only 30 passports a day. <http://www.bulls.co.zw/> Read more >

Chinamasa new Airzim board chair   

PRESIDENT Mnangagwa has appointed former Finance and Economic Development
Minister Patrick Chinamasa  as the new Air Zimbabwe (Airzim) board chairman
with immediate effect. The appointment comes as Airzim Administrator Mr
Reggie Saruchera told the Parliamentary Portfolio Committee on Transport and
Infrastructure - which was on a fact-finding mission - that the assumption
of the national airline's US$387 million debt will pace up the company's
reconstruction process. <http://www.bulls.co.zw/> Read more >

FAO disburses $30m to agric sector   

Food and Agricultural Organisation (FAO) says it has disbursed loans worth
US$30 million to finance the country's agric sector aimed at boosting the
production of different crops by small holder farmers. This comes as
commercial funding to the country's agricultural sector is heavily subdued.
According to studies made by the Zimbabwe Land and Agrarian Network (ZLAN)
only 8 percent of farming activities are being financed by financial
institutions.  <http://www.bulls.co.zw/> 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

Fidelity Life

AGM

Great Indaba Room, Crowne Plaza Monomotapa

26 June 2019, 10am

GB Holdings

AGM

Cernol Chemicals Boardroom,  111 Dagenham Road, Willowvale

26 June 2019, 11:30am

Dawn Properties

AGM

Ophir Room, Monomotapa Hotel

27 June 2019, 10am

Unifreight

AGM

Royal Harare Golf Club

27 June 2019, 10am

African Sun

AGM

Ophir Room, Monomotapa Hotel

27 June 2019, 12pm

FMP

AGM

Palm Court, Meikles

27 June 2019, 12pm

MedTech

AGM

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

27 June 2019, 2pm

FML

AGM

Palm Court, Meikles)

27 June 2019, 2:30pm

FBC

AGM

Royal Harare Golf Club

27 June 2019, 3pm

ZHL

AGM

Aquarium Room, Crowne Plaza Monomotapa Hotel

30 June 2019, 10am

Edgars

AGM

Edgars Training Auditorium, 1st Floor LAPF House, 8th Avenue/Jason Moyo St,
Bulawayo

11 July 2019, 9am

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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