Bulls n Bears Investors Notebook Issue 205: 07 March 2019

Thu Mar 7 10:45:11 CAT 2019

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Bulls n Bears Investors Notebook Issue 205: 07 March 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

Network disruptions to continue

DISRUPTIONS to telecommunication networks will continue because operators
owe millions of dollars to foreign firms for maintaining and upgrading their
infrastructure due to the unavailability of forex to pay them timely. The
foreign firms owed the most by local telecommunication firms are Chinese
telecom conglomerates Huawei Technologies Co. Limited and ZTE Corporation as
well as Swedish firm, Ericsson.  <http://www.bulls.co.zw/> Read more >

Bread price up again

INNSCOR Africa Limited has raised bread prices to $2,45 (wholesale) and
$2,70 (retail) for a loaf at its subsidiary, Bakers Inn. The prices went
into effect yesterday. The rise to $2,70 was from a previous price of $1,80
for the recommended retail price of bread per loaf of bread. In a letter
addressed to the managing director of Spar, Terrence Yeatman Baker's Inn
stated: "This letter serves to inform you that the price list for Innscor
t/a Bakers Inn Bakeries effective Wednesday March 6, 2019 for a standard
loaf (all varieties), wholesale delivered price will be $2,45 and
recommended retail price will be $2,70."  <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

Mutare dangles carrot to ratepayers

MUTARE City Council has intensified efforts to raise revenue by introducing
a competition, whereby ratepayers who settle their outstanding bills will
win grand prizes, including residential stands. This was revealed at a full
council meeting held on Tuesday, where it was also revealed that the grand
draw will be held at Sakubva Stadium in the next 10 months. This also comes
after Mutare town clerk Joshua Maligwa made shocking revelations that from
48 833 property holders in the city, only 18 000 were in their billing
system.  <http://www.bulls.co.zw/> Read more >

Agric sector tops NPLs list   

THE agricultural sector tops on the $1,13 billion non-performing loans
(NPLs) acquired by the Zimbabwe Asset Management Company (Zamco), chalking
43 percent of the NPLs. The sector's NPLs amounted to $490,27 million
followed by the construction sector with ($67,8 million), representing 6
percent; distribution ($95,1 million), financial services ($88,8 million);
manufacturing ($130,77 million); mining ($83,47 million); retailing ($11
million); services ($76 million); and other ($90,8 million).
<http://www.bulls.co.zw/> Read more >

Govt to commission 3 IPPs   

Government will by the end of this year commission three independent power
producers (IPP's) that are expected to contribute a cumulative capacity of
30 Megawatts (MW) to the national power grid, according to the Secretary of
Energy and Power Development Engineer Gloria Magombo. Several IPP's have
approached the Zimbabwe Energy Regulatory Authority (Zera) seeking
independent licences to venture into electricity generation.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Hunters Road project critical - Masunda   

Bindura Nickel Corporation will only consider developing its Hunters Road
Project in Gweru when the price of the metal "becomes right", chairman
Muchadeyi Masunda has said. "We are keeping an eagle eye on the price," Mr
Masunda said adding, "We can only start looking at the project when prices
increase to between US$15 000 and US$20 000 per tonne." Nickel prices rose
for the fourth consecutive session in London yesterday as low stock levels
and surging demand kept the metal used to make stainless steel at a
six-month high.  <http://www.bulls.co.zw/> Read more >

Empower Bank distributes 600 loans   

Loan uptake at Government's Empower Bank has remained heavily subdued with
only 600 loans being distributed against a target about 40 000 youth loans
having been earmarked for disbursement at the bank's inception. Government
in 2017 through Ministry of Youth, Indigenisation and Economic Empowerment
capitalised the micro-finance institution to the tune of $2,5 million.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Byo-Bots businesses to meet on fuel deal   

PARTIES to the fuel supply deal involving Bulawayo businesspeople and their
Botswana counterparts are expected to meet soon to finalise logistical
issues and pave way for implementation. The engagement will seek to ride on
the gains of the recent fruitful Bi-National Commission talks between the
two countries, which saw Botswana pledging a one billion pula deal to assist
investments into Zimbabwe.  <http://www.bulls.co.zw/> Read more >

28 Zim tourism players attend Berlin conference   

ZIMBABWEAN tourism authorities are reviving efforts to strengthen tourism
traffic from the German market as the country participates at the 2019
International Tourism Bourse (ITB) in Berlin Germany, which officially
kicked off yesterday morning and runs until 10 March. The Minister of
Environment, Tourism and Hospitality Industry, Priscah Mupfumira, is leading
the Zimbabwean delegation, which comprises a record 28 local tourism
industry players.  <http://www.bulls.co.zw/> Read more >

Praz, Intratek clash over Gwanda project   

The Procurement Regulatory Authority of Zimbabwe (Praz) has written to
Intratrek Zimbabwe - that is locked in a contractual dispute with Zimbabwe
Power Company (ZPC) - emphasising the point that it had statutory powers to
demand explanation on all matters pertaining to the Gwanda solar project.
This comes after Intratrek had initially declined to release details of (and
any variations to) its Engineering, Procurement and Construction (EPC)
contract with ZPC, attendant performance reports, interim payment
certificates and any contract variations.  <http://www.bulls.co.zw/> Read
more >

Government approves $45m Gweru budget   

Government has approved the $45 million 2019 budget for Gweru City Council
(GCC). The approval of the budget will see the introduction of a $5 fire
levy per household to fund the construction of two fire sub stations. GCC
public relations manager, Mr Manfred Gambiza said the budget was approved
the Ministry of Local Government Public Works and National Housing.
<http://www.bulls.co.zw/> Read more >

RBZ allocates funds for foreign portfolio investors   

ZIMBABWE'S central bank will provide 15 percent of the foreign exchange it
has available to investors seeking to repatriate proceeds from share sales
and dividends. The allocation is the latest step by the authorities to
overhaul its monetary system after a lack of foreign currency caused
shortages of basic commodities and spawned the highest inflation rate in a
decade. 

The Government last month scrapped a quasi-currency known as bond notes and
introduced a new unit known as the RTGS dollar.  <http://www.bulls.co.zw/>
Read more >

Ex-banker crafts successful farming story   

It is almost unimaginable that bankers can turn into very successful
farmers. There seems to be an unwritten code that makes bankers and people
in the financial service system to be introverts. They generally do not want
to socialise even at workstations where teamwork is key. They would rather
look busy with their figures than discuss or interact with other team
players that bring the money into the business for them to manage.
<http://www.bulls.co.zw/> Read more >

Lancashire Steel revival hinges on Cabinet approval   

THE joint venture deal between Kwekwe-based company Lancashire Steel and an
Indian investor, Whinstone Enterprises, is set to be tabled before Cabinet
for approval. The two parties signed an agreement in July last year and the
Indian investor is expected to meet the much-needed financial requirements
for the revived business while Lancashire Steel will offer labour, skills
and equipment. In an interview yesterday, Industry and Commerce Minister
Mangaliso Ndlovu said the deal was supposed to sail through Cabinet and the
parastatal restructuring committee before implementation stage.
<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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