Bulls n Bears Investors Notebook Issue 201: 01 March 2019

Fri Mar 1 10:17:07 CAT 2019

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Bulls n Bears Investors Notebook Issue 201: 01 March 2019

 <http://www.fbc.co.zw/> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Masisi signs off 1bn pula facility   

Botswana President Dr Mokgweetsi Masisi has confirmed the 1 billion pula
Botswana credit facility that will be channelled towards Zimbabwe's private
sector. Fielding questions from journalists at the close of the inaugural
session of the Zimbabwe-Botswana Bi-National Commission Summit jointly
presided over with President Mnangagwa in Harare yesterday, President Masisi
said Botswana had increased the facility from 600 million pula to a billion.
"We increased from 600 million pula to 1 billion, the details of which will
be sorted out later on," he said. <http://www.bulls.co.zw/> Read more >

RBZ Issues Guidelines For How Bureaux De Changes Will Operate

Zimbabwe's  Central Bank has issued a set of operational guidelines "to
provide instructions and direction to persons intending to carry on the
business of Bureaux de Change in Zimbabwe."
<https://www.rbz.co.zw/documents/publications/circulars/Operational-Guidelin
es-for-Bureaux-de-Change-2019.pdf> Read more >

 <http://www.firstmutualproperties.co.zw/> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

Econet wins $100m tax evasion case

THE Supreme Court yesterday dismissed claims by the Zimbabwe Revenue
Authority (Zimra) that it was owed $100 million by Econet Wireless through
tax evasions. The curtain closed on a near 10-year battle between Zimra and
Econet, wherein the tax authority claimed that the latter owed millions of
dollars in unpaid taxes. A panel of judges, led by Chief Justice Luke
Malaba, ruled in favour of Econet Wireless whose lawyer Tawanda Nyambirai
yesterday said it was a victory for victims of cyber-bullying.
<http://www.bulls.co.zw/> Read more >

Development partners secure US$25 million for Zim humanitarian assistance   

Zimbabwe yesterday got US$25million from development partners that will go
towards humanitarian assistance.  The United Nations committed $10 million.
The United States through its arm, US Agency for International Development,
pledged $15 million at a function attended by several ambassadors accredited
to Zimbabwe, senior Government officials and development partners.
<http://www.bulls.co.zw/> Read more >

New number plates requirements introduced   

MOTORISTS will no longer be required to change vehicle registration plates
along with the change of ownership as the Government seeks to reduce
expenditure in the production of the plates, a senior official said
yesterday.  Acquiring new vehicle registration plates has been a challenge
for motorists lately with the Central Vehicle Registry facing a shortage of
the plates, which are imported from Germany.  <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

Harare Racks In $1,5 Million From Vendors

Harare City Council collected $1,5 million from vendors in 2018. The figure
was, however, lower than the Council's projected income. This was revealed
during a full council meeting held recently. Part of minutes from the full
Council meeting read as follows: Revenue collection had declined by 23,39%
during the year under review compared to the previous year.  The decline in
revenue collection was attributed to the following challenges: inadequate
funding for informal sector projects, political interference in the
allocation of market stalls to vendors and revenue collection and economic
hardship, resulting in traders failing to pay market fees to Council.
<http://www.bulls.co.zw/> Read more >

Zupco buses fast disappearing in many suburb

Fuel queues have resurfaced in Harare with commuter operators taking
advantage of the situation to hike fares, while Zupco buses are fast
disappearing in many suburbs of Harare, leaving thousands of commuters
stranded. Most filling stations in Harare were closed and displayed "no
diesel" signs, while long and winding queues formed at the few with the
commodity. A survey conducted by NewsDay yesterday showed that commuters to
suburbs such as Epworth, Waterfalls, Kambuzuma and Kuwadzana were stranded
because there were few kombis to ferry them.  <http://www.bulls.co.zw/> Read
more >

 <mailto:info at bulls.co.zw> 

Multichoice Finally Listed On The JSE

A few months ago Naspers announced that they would be listing Multichoice
separately on the JSE. For many of us, this seemed like a sign of doom and
gloom as our gut feeling was that this move was meant to ditch Multichoice
and their satellite TV business model which looks to be on the verge of
being made extinct by Video on Demand services like Netflix. Anyway, that's
a future that is yet to be played out but Multichoice has indeed been listed
on the JSE.

Western Union Explains US Dollar Shortage

Managing director of Western Union Money Transfer Manager Mr Tendai Bindura
explained the source of shortages for United States dollars. Western Union
has been unable to disburse foreign currency with some agents closing due to
forex shortages. Bindura said most banks in Zimbabwe are facing challenges
of importing hard cash, thereby delaying remittances services, which depend
on availability of foreign currency. In an interview with The Herald's
sister paper Business Weekly recently, Mr Bindura said problems started when
a South African bank, used by local money transfer agencies, changed its
correspondent banking partner to Deustche bank of Germany. Said Bindura:
<http://www.bulls.co.zw/> Read more >

RBZ Denies Fuel Price Increase Reports

The Reserve Bank of Zimbabwe (RBZ) yesterday dismissed reports circulating
on social media that fuel prices will increase. The reports claimed that
fuel industry stakeholders and the Reserve Bank of Zimbabwe (RBZ) met and
agreed to increase the price of petrol to $5,50 from $3,30 and of diesel to
$5,15 from $3,10. In a statement on Twitter, RBZ said the reports are fake.
Said RBZ: The article circulating on social media on the fuel price hikes of
$5.50 and $5.15 for petrol and diesel respectively, is fake news. For
starters the alleged meeting at the RBZ with fuel suppliers never took
place. The social media article is aimed at causing panic buying of fuel and
should be treated with the contempt it deserves. <http://www.bulls.co.zw/>
Read more >

Government seeks $600million facility for industry   

The Ministry of Industry and Commerce is negotiating a US$600 million
facility with Botswana, for the local manufacturing sector, whose capacity
utilisation remains below 50 percent owing to a range of factors including
the US-imposed economic embargoes and antiquated production equipment. The
manufacturing sector was also being weighed down by the strong US dollar,
which was being used as a transaction currency, making locally produced
goods uncompetitive on the exports markets. Market watchers and some
industrialists say using the US dollar as a transaction currency, is not
ideal for an economy seeking to boost production, and critically, exports.
<http://www.bulls.co.zw/> Read more >

Treasury released funds to procure 2 000 transformers   

GOVERNMENT is set to procure 2 000 electricity transformers to address power
transmission gaps, which are negatively affecting service in critical
sectors, the Minister of Energy and Power Development, Dr Jorum Gumbo, said.
He told Business Chronicle that Treasury had released funding for the
project but would not be drawn to disclose the exact figures. The Minister
said Government was aware of the shortage of transformers to connect
critical sectors such as clinics and schools.  <http://www.bulls.co.zw/>
Read more >

SA investor sets aside funds to train Zim entrepreneurs   

A SOUTH African biotechnology incubation company has set aside R350 000 to
train Zimbabwean entrepreneurs and innovators on start-ups to broaden their
projects and expose them to potential investors. One-Bio, a Cape Town-based
company has partnered with local innovation hub, TechVillage, to identify
three local biotech innovators who are struggling to expand their projects.
One-Bio co-founder, Dr Nick Walter, was in Bulawayo yesterday where he met
local biotech start-ups and invited them to apply for the fully funded
growth exposure opportunity.  <http://www.bulls.co.zw/> Read more >

NRZ out to spruce image   

THE National Railways of Zimbabwe (NRZ) is embarking on a rebranding
exercise to improve its image among customers as well as boost its revenue.
NRZ Public Relations Manager Mr Nyasha Maravanyika said the rail transport
company was keen to reclaim its status as a favourable and affordable mode
of public and cargo transport. "Due to some financial challenges and reasons
beyond our control, NRZ lost its popularity but now we are embarking on a
revival and l can assure you that our image is coming back everyday," he
said.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Willdale

AGM

Boardroom, Willdale Adminstration Block, Teneriffe Factory, 19.5km peg
Lomagundi Road, Mt Hampden

07 March 2019 11am

Mash

AGM

Boardroom, ZB Life Towers, 77 Jason Moyo Avenue

18 March 2019 12pm

Zimbabwe 

Independence Day

Zimbabwe

18 Apr 2019 

Good Friday

19 Apr 2019

Easter Saturday

20 Apr 2019

Easter Sunday

21 Apr 2019

Easter Monday

22 Apr 2019

Workers Day

01 May  2019

REST OF AFRICA

Counters Trading Under Cautionary

Border Timbers

Econet Wireless Zimbawe

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!

Bulls n Bears 

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