Bulls n Bears Investors Notebook Issue 207: 12 March 2019

Tue Mar 12 08:49:56 CAT 2019

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Bulls n Bears Investors Notebook Issue 207: 12 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

Zimbabwe annual inflation to fall by as much as 15 pct by end of year -
cenbank governor

Zimbabwe's average annual inflation should fall to between 10 and 15 percent
after it reached its highest level in a decade in January, central bank
governor John Mangudya said on Monday. Year-on-year inflation accelerated to
56.9 percent in January from 42.09 percent in December, propelled by
increases in the price of basic goods and beer.  <http://www.bulls.co.zw/>
Read more >

Zimbabwe cenbank head hints at more weakening of new currency

Zimbabwe's central bank governor on Monday said the exchange rate for the
new transitional currency is unlikely to remain at 2.5 per U.S. dollar by
the time tobacco auctions open next week, suggesting the local unit will be
devalued further.  <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

Foreign participation on ZSE declines

The Zimbabwe Stock Exchange (ZSE) says the participation of foreigners on
the bourse has declined following the monetary policy statement last month,
but it expects several new listings this year. Last year the bourse added
just a single company, Cassava SmarTech, a spin-off of telecoms giant
Econet, which went on to become the highest value stock on the market.
<http://www.bulls.co.zw/> Read more >

Manufacturing sector exports up by 54%

ZIMBABWE'S manufacturing sector exports went up by 54% to US$222,6 million
in 2018, buoyed by the export incentive introduced by the Reserve Bank of
Zimbabwe in 2016, Industry and Commerce minister Nqobizitha Mangaliso Ndlovu
has said. Speaking during a business breakfast meeting held in Bulawayo last
week, Ndlovu said exports in the sector went up from US$144,5 million to
US$222,6 million in 2018.  <http://www.bulls.co.zw/> Read more >

New lodge for Victoria Falls

Jamie Henson, a tourism operator, expects to open a new US$1,5 million lodge
in Victoria Falls by June as interest in Zimbabwe's tourism sector continues
to grow despite trouble with the country's economy. The 23-bedroom lodge,
located in the suburbs, was funded by a mix of local and international
investors. Henson, the lodge manager, is a Zimbabwean who has lived in New
Zealand for the past 17 years. He said the opening of Shongwe Lookout, is
evidence that the tourist boom experienced last year was far from over in
the eyes of investors.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Tobacco season to begin next week

ZIMBABWE'S 2019 tobacco marketing season will start on March 20, the
industry's regulator has said. Tobacco is the country's second biggest
export earning commodity after gold. Last year, the country's tobacco output
reached an all-time high of 252 million kilogrammes, earning at least a
billion dollars in revenue. However, prospects of a bigger output in
comparison to last year are slim following this year's poor rains.
<http://www.bulls.co.zw/> Read more >

Cost of lending up 8%: MFIs

MICRO Finance Institutions (MFIs) say the cost of lending has risen by eight
percentage points on the back of rising inflation and the 2% tax on
electronic money transfers. According to the Zimbabwe Association of
Microfinance Institutions (Zamfi) 2018 report, the institutional cost of
delivering loan services by MFIs as measured by the operating expenses ratio
(efficiency ratio) increased to 24% from 16% during the last quarter of
2018. "The ratio increased from 16% to 24%, indicating that it now costs $24
to disburse a $100 loan. In addition, the cost of maintaining active
borrowers is now $250 up from $147 reported in September 2018," Zamfi said.
<http://www.bulls.co.zw/> Read more >

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'Inter-bank trades US$12m weekly'   

The inter-bank foreign exchange market is averaging trades of US$12 million
weekly, three weeks after its introduction, Reserve Bank of Zimbabwe (RBZ)
governor Dr John Mangudya told Parliamentarians yesterday. Appearing before
the Portfolio Committees on Public Accounts Budget, Finance and Economic
Development, the central bank governor hinted that some companies have been
struggling to purchase foreign currency on the official market, even at the
discounted rate (compared to the parallel market) starting rate of 2,5 when
the market was introduced.  <http://www.bulls.co.zw/> Read more >

Govt pegs relief fund interest threshold at 4 percent   

Government has pegged interest rates for loans to be accessed by businesses
looted during the recent violent protests at between two and four percent a
year. The loans are set to be accessed soon and would have repayment period
of up to 24 months, Industry and Commerce Minister, Nqobizitha Mangaliso
Ndlovu, said. Following the violent protests in January, Government has set
up a $30 million funding facility to help affected businesses to restock and
rebuild their infrastructure.  <http://www.bulls.co.zw/> Read more >

IDBZ recapitalisation gathers pace   

THE Infrastructure Development Bank of Zimbabwe is looking at hiring a
financial advisor to help raise as much as $1 billion in fresh capital
through a partial privatisation. In tender published in the Government
gazette last Friday, the State-owned bank said the advisor will be expected
to provide advice and support for the implementation of the recapitalisation
transaction in line with the Government's privatisation policy.
<http://www.bulls.co.zw/> Read more >

Global economy hits its weakest spell   

The global economy's sharp loss of speed through 2018 has left the pace of
expansion the weakest since the global financial crisis a decade ago,
according to Bloomberg Economics. Its new GDP tracker puts world growth at
2,1 percent on a quarter-on-quarter annualised basis, down from about 4
percent in the middle of last year. While there's a chance that the economy
may find a foothold and arrest the slowdown, "the risk is that downward
momentum will be self-sustaining," say economists Dan Hanson and Tom Orlik.
<http://www.bulls.co.zw/> Read more >

Govt to extend NRZ deal by 6 months   

Government is understood to have agreed to extend the framework agreement
for the US$400 million recapitalisation of the National Railways of Zimbabwe
(NRZ) by a further six months, to enable finalisation of outstanding issues.
Yesterday, Foreign Affairs and International Trade Minister Dr Sibusiso
Moyo, acknowledged in his welcome remarks during the plenary opening
ceremony of the Ministerial Meeting of Third Session of the Zimbabwe-South
Africa Bi-National Commission (BNC); that the extension of the framework
agreement would clear the way for the NRZ recapitalisation project to pace
up.  <http://www.bulls.co.zw/> Read more >

Bullion Leaf Tobacco to buy 5 million kgs   

TOBACCO buyer, Bullion Leaf Zimbabwe (Pvt) Ltd, has pledged to buy up to
five million kilogrammes of tobacco this year and venture into contract
sales to boost foreign currency earnings. Last year, the agro-processing
firm bought one million kg of tobacco. Speaking by telephone from Harare
recently, Bullion Leaf Zimbabwe managing director Mr Persistence Gwanyanya
said:  <http://www.bulls.co.zw/> Read more >

Government to scrap 51/49 percent policy..Indigenisation removal to allow
investors to own 100pc in mining

GOVERNMENT is considering scrapping the remaining 51/49 percent shareholding
threshhold for platinum and diamond mining to allow investors to own 100
percent of any business in the sector, the Minister.
<http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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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