Bulls n Bears Investors Notebook Issue 267: 13 June 2019

Thu Jun 13 05:31:28 CAT 2019

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Bulls n Bears Investors Notebook Issue 267: 13 June 2019

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Zimplow

AGM

Head Office, 36 Birmingham Road, Southerton

13 June 2019, 10am

Quotable Quote:

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

Sengwa project set for takeoff   

Zimbabwe Stock Exchange (ZSE) listed RioZim says construction of its 2 800
megawatts Sengwa power project will commence in the next 12 months after the
mining group signed an exclusivity agreement with Chinese firm, Power China.
The project, which has been on the books since the early 1990s and could not
get off the ground due to lack of investment, comes as Zimbabwe is battling
choking power crisis due to a mismatch in demand and supply.
<http://www.bulls.co.zw/> Read more >

Local content threshold set at 80pc   

GOVERNMENT's much awaited Local Content Strategy (LCS) which was approved by
Cabinet on Tuesday has set an 80 percent minimum threshold for all products.
This strategy forms part of interventions which Government is instituting
towards management of the country's import bill, which has resulted in
scarcity of foreign currency needed for the importation of key commodities
such as raw materials, fuel, medicines and equipment. The import bill for
the four months to April was US$1,5 billion. <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

Makomo speaks on coal sector challenges   

The country is facing serious power outages, lasting up to 12 hours in some
areas, attributed to low water levels in Kariba dam and low coal output. Our
reporter Africa Moyo, last week spoke with Makomo Resources director Mr
Raymond Mutokonyi , who also represents the Active Coal Producers
Association, to get his views on the coal sector. <http://www.bulls.co.zw/>
Read more >

Govt to roll out potato farming programme   

GOVERNMENT will soon roll out a "massive" programme for the production of
table and Irish potatoes as a measure to boost the country's food security
in light of below par summer rain season that characterised the last farming
season. This was revealed by Lands, Agriculture and Rural Resettlement
Minister Perrance Shiri on the sidelines of the 38th Joint Meeting for Sadc
Ministers responsible for Water in an interview with Namibian publication -
The Southern Times - last week. <http://www.bulls.co.zw/> Read more >

Zera assures public on blending ratio   

THE Zimbabwe Energy Regulatory Authority (Zera) has assured users that
petrol blending in the country is within the threshold stipulated by the
law. The assurances come in the wake of complaints by sections of the
motoring public that the commodity does not last amid fears that
unscrupulous fuel retailers were blending beyond the 20 percent stipulated
by Government. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zinara revenues projected to hit $136m   

The Zimbabwe National Roads Administration (Zinara)'s combined revenues are
projected to rise to $135,6 million for the current year, up from $133,3
million last year. The improvement in the roads authority's revenues has
been consistent from 2012,  a period that coincides with the implementation
of its computerisation system. <http://www.bulls.co.zw/> Read more >

Punish currency speculators - Cross   

Economist and former MDC official Mr Eddie Cross says Zimbabwe's economic
fundamentals are now sound and there is no need for speculators to continue
with their wayward behaviour on the foreign currency parallel market which
is affecting the poor. In an interview with The Herald yesterday, Mr Cross
urged the Government to take stern measures to contain the forex parallel
market that has brought anguish to the majority. <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

Computer giant Epson comes to Zim   

Swedish information communication technologies (ICTs) giant Epson Europe BV
will set up office in Harare next week in response to President Mnangagwa's
pro-investment reforms under the New Dispensation. The firm will supply
latest efficient technological equipment to the education sector and
digitisation programme. <http://www.bulls.co.zw/> Read more >

MFIs mull forex lending   

THE Zimbabwe Association of Microfinance Institutions (Zamfi) is considering
foreign currency lending to assist producers in securing critical imports
based on the anticipated effectiveness of the inter-bank exchange platform.
The association has commended policy measures adopted by Government
particularly the interbank foreign exchange market saying the system
presents a good opportunity for their sector. <http://www.bulls.co.zw/> Read
more >

Employers, employees headache as salaries, wages get eroded   

SALARIES and wages are giving both employers and employees headaches as they
battle with inflation trying to keep businesses afloat and at the same time
giving workers a living wage. Most employers concede that they are not
paying their workers a living wage. They say they would like to increase
salaries and wages for all their employees but the limiting factor is that
their businesses have no capacity to do that.  <http://www.bulls.co.zw/>
Read more >

Mine cedes 13k shares to workers   

AIM-listed mining group, Caledonia Mining, has issued a total of 13, 137
securities to its staff as part of measures to empower them. The securities
have been issued in the form of depository interests representing shares in
the company. In a business context, a security refers to a financial
instrument that has monetary value and can be traded. The group announced
the development in a statement.. <http://www.bulls.co.zw/> Read more >

Family Poverty Datum Line shoots up   

THE Poverty Datum Line (PDL) for an average family of five shot up to $924
for the month of April 2019, a 5,8 percent increase from $872 in March,
ZimStats has revealed. Total food consumption alone for a family of five
stood at $319 for the month of April, eight percent up from $294.66 in the
month of March 2019 while an individual's food and total consumption was
pegged at $63.72 and $184.86 respectively.  <http://www.bulls.co.zw/> Read
more >

New producer price excites maize farmers   

FARMERS have welcomed the increase in maize producer price from $726 to $1
400 per tonne and look forward to using their proceeds to buy inputs for the
coming cropping season. Announcing the new price after Tuesday's Cabinet
meeting, Government said the maize producer price of US$242 per tonne must
be paid in RTGS dollars but at the prevailing interbank market rate.
<http://www.bulls.co.zw/> Read more >

Bata seeks US$400k for new technology   

BATA Shoe Company is seeking to raise US$400 000 to invest in poly urethane
(PU) pouring technology in order to produce up to 120 000 pairs of shoes per
shift. Giving an over view of the company's operations during a tour by
Deputy Minister of Industry and Commerce Raj Modi at the Bata Factory in
Gweru recently, managing director Mr Simon Mutisya said the PU technology
was not common in the whole of Africa.  <http://www.bulls.co.zw/> Read more
>

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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.

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