Bulls n Bears Investors Notebook Issue 270: 18 June 2019

Tue Jun 18 04:21:21 CAT 2019

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Bulls n Bears Investors Notebook Issue 270: 18 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

Zimbabwe inflation soars to 10-year high of 97.85% year/year in May

HARARE (Reuters) - Zimbabwe's annual inflation raced to a 10-year high of
97.85% in May from 75.86% the previous month, the national statistics agency
Zimstats said on Monday. On a monthly basis, prices rose 12.54% during the
same period compared with 5.52% in April, Zimstats said.
<http://www.bulls.co.zw/> Read more >

FDI jumps to US$745m   

Zimbabwe recorded Foreign Direct Investment (FDI) inflows of US$745 million
in 2018, up from US$349 million the previous year, latest figures from the
United Nations Conference on Trade and Development (UNCTAD) World Investment
Report show. The improvement in the FDI flows into the country over the
period under review can be attributed to the 'Zimbabwe is open for business'
mantra; an aggressive investment drive that has been prioritised by the new
dispensation.  <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

Govt seeks US$30m AfDB project funding   

GOVERNMENT is seeking expedited approval of project funding amounting to
US$30,7 million for three key initiatives currently being evaluated by the
African Development Bank (AfDB), Finance Minister Mthuli Ncube has said.
This comes as Zimbabwe, the minister said, is seeking the extension of the
mandate of the four-year Zimbabwe Multi-donor Trust Fund (ZimFund), which
expires in October by a further one year to enable completion of project
activities. <http://www.bulls.co.zw/> Read more >

Vast Resources to finalise diamond investment   

AIM-listed mining and resource development concern, Vast Resources told its
shareholders that it is hoping to finalise an investment deal in Zimbabwe's
diamond mining as investors continue to circle on the local economy. The new
dispensation under President Mnangagwa has embarked on an investor charm
offensive under the "Zimbabwe is open for business" mantra that has seen the
signing of several investment deals as well as loads of enquiries.
<http://www.bulls.co.zw/> Read more >

Evaluation committee for POSB   

AN committee has been put in place to evaluate the bids from four
international respondents that intend to partner POSB in its partial
privatisation drive, the bank's chief executive officer Admore Kandlela has
revealed. POSB is one of the many state-owned entities that were
short-listed for privatisation as part of Government's restructuring
exercise. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zimbabwe runs out of wheat

Zimbabwe has run out of wheat and bakeries in the country may soon not be
able to produce bread. One of the leading bakeries has suspended operations
and other major players are holding their breath unsure if they will be able
to weather the storm and stay afloat in the face of rising costs. Like with
many other basic commodities, bread prices have gone up more than three
times this year alone as the economy degenerates, but government says the
situation has been caused by cartels that enjoy monopolies in the industry.
<http://www.bulls.co.zw/> Read more >

Climate Fund approves US$3m for Zim   

The Green Climate Fund (GCF) approved US$3,2 million funding for climate
readiness in Zimbabwe, according to latest data from the Fund. Of that
amount, US$1 million has so far been released. Zimbabwe had applied for a
total $4,2 million (all amounts stated in US dollars) to help it prepare for
future financial applications to the GCF, a special UN facility for tackling
climate challenges throughout the world. <http://www.bulls.co.zw/> Read more
>

 <mailto:info at bulls.co.zw> 

RTG revenue up 131% in 5 months   

HOSPITALITY company, Rainbow Tourism Group (RTG), has in the first five
months of the year registered a strong performance with its revenue base
growing by 131 percent from US$11,1 million to US$25,6 million. In its
trading update for the period ended May 2019, RTG attributed the positive
performance to improved foreign currency business received across the
group's hotels. <http://www.bulls.co.zw/> Read more >

IDBZ seeks partners for Binga hotel   

THE Infrastructure Development Bank of Zimbabwe (IDBZ) is on the hunt for
partners to establish a hotel in the remote area of Binga, famed for having
the country's only natural beach, as it seeks to drive growth of the tourism
industry in the location. The bank, in conjunction with the Binga Rural
District Council, said it is looking for either local or foreign joint
venture partners for the multi-million dollar hotel and conference centre
project, which will sit on a six-hectare piece of land, overlooking the
Zambezi River.  <http://www.bulls.co.zw/> Read more >

Polyester imports cost Zim millions   

ZIMBABWE is losing millions of dollars through polyester fabric imports as
local producers are no longer producing the material. This emerged during a
tour of Bulawayo clothing firm, Archer Clothing, by Foreign Affairs and
International Trade Minister Dr Sibusiso Moyo last Friday. Archer Clothing
factory manager, Mr Thomas Kadiki, said although they were able to meet
customers' requirements locally and internationally, his organisation was
facing delays in securing polyester fabric, which was being imported from
abroad. <http://www.bulls.co.zw/> Read more >

ZMF in $2 million partnership deal   

THE Zimbabwe Miners Federation (ZMF) has received mining equipment from
Lifetouch International Investments under a US$2 million partnership that
will see the entity playing a huge role in supporting small-scale mining in
the country.The latest deal is part of synergies that ZMF embarked on in a
bid to capacitate small-scale miners who are faced with capacity
constraints, all in a bid to boost gold production.
<http://www.bulls.co.zw/> Read more >

Maintenance project to cost NRZ US$15m  

THE National Railways of Zimbabwe (NRZ) plans to spend over US$15 million
this year under an ongoing maintenance programme of wagons and locomotives.
NRZ general manager, Engineer Lewis Mukwada, revealed this in an interview
after a tour of the parastatal's workshops and infrastructure in Bulawayo by
the Minister of Transport and Infrastructural Development Minister Joe
Biggie Matiza last week.  <http://www.bulls.co.zw/> Read more >

Call for a subsidy policy   

GOVERNMENT should urgently come up with a subsidy policy to guard against
opportunistic tendencies by millers who buy maize from the Grain Marketing
Board at subsidised prices and resell it to the same parastatal for more.
Zanu-PF legislator for Wedza North, David Musabayana, said this while
contributing to Parliamentary debate following the announcement by
Government last week that it had increased the producer price of maize from
$726 to $1 400 per tonne. Read more

Proplastics invests $9m for upgrades   

PLASTIC fittings manufacturer, Proplastics Limited, has invested $9 million
in upgrading its operations in the past four years as it targets the local
and regional markets. Addressing delegates at the official commissioning of
the company's Gweru branch, the Midlands Minister of State for Provincial
Affairs, Larry Mavima, said the retooling of the company has created new
performance efficiencies that will directly benefit the customer. He said
the opening of the new Gweru branch was going to create employment for
locals. <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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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