Bulls n Bears Investors Notebook Issue 208: 13 March 2019

Wed Mar 13 08:41:57 CAT 2019

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Bulls n Bears Investors Notebook Issue 208: 13 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

'Interbank market forex unavailable'

BUSINESSES in Bulawayo say they are struggling to access foreign currency
from the interbank market due to its unavailability, contrary to the central
bank's statement that the firms could not afford to purchase it at the 2,5
rate to the US dollar. While appearing before the Portfolio Committees on
Public Accounts Budget, Finance and Economic Development on Monday, Reserve
Bank of Zimbabwe governor John Mangudya said some companies had been
struggling to purchase foreign currency on the official market because they
can't afford the 2,5 rate.  <http://www.bulls.co.zw/> Read more >

Divine Ndhlukula recognised as Businesswoman of the Year Award at the Forbes
Woman Africa Awards 2019

The annual Forbes Woman Africa Awards took place on the evening of 8 March
in Durban, South Africa. One of the highlights of the event was the official
recognition of Dr Divine Ndhlukula, founder of Securico in Zimbabwe, as the
winner of the prestigious Businesswoman of the Year Award.
<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

Muzarabani exploration weighs on Invictus' profitability

INVICTUS Energy Limited (IEL) widened its losses to AUD481 313 (US$340 160)
in the half year ended December 31, 2018 from AUD210 782 (US$148 939) in the
previous year, as exploration activities added to the company's costs. The
company is currently exploring for oil and gas in Muzarabani district in
northern Zimbabwe. <http://www.bulls.co.zw/> Read more >

Livetouch invests US$30m in new Hwange plant

REDCLIFF-based cement manufacturer, Livetouch Investments, is investing
US$30 million in a new plant to be set up in Hwange, the company has said.
The Chinese company already has a plant capable of producing 410 000 tonnes
of cement annually. Livetouch Investments chief executive Dongning Wang told
NewsDay that their medium-term plan was to set up a second plant by year
end.  <http://www.bulls.co.zw/> Read more >

2pc tax to yield $600m by year end   

TREASURY expects to collect at least RTGS$600 million through the two
percent tax that Government imposed on all electronic transactions late last
year. In a latest progress report on the implementation of policy reforms
under the Transitional Stabilisation Programme (TSP), the Minister of
Finance and Economic Development, Professor Mthuli Ncube, says the new tax
was proving to be an effective revenue stream for the fiscus. "Already,
RTGS$52,5 million was raised in November and RTGS$103,8 in December 2018,
giving a total of RTGS$166,2 million for 2018.  <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

Zim, SA in talks for financial package   

Zimbabwe and South Africa yesterday agreed to vigorously pursue negotiations
over possible financial  packages to be extended to the central bank and the
local private  sector, as part of efforts by Pretoria to assist Harare turn
around its  economy. The two countries intimated in January this year that
negotiations for  an upwards review of an existing funding arrangement
between their  central banks were taking place.  <http://www.bulls.co.zw/>
Read more >

Arda revives operations   

The Agriculture and Rural Development Authority (ARDA) has revived
operations on all its 21 estates countrywide, as Government's public private
partnership framework implemented by the parastatal begins to bear fruit,
ARDA Board Chairman Basil Nyabadza has revealed. ARDA has estates in all the
country`s ten provinces which cover plantations, cereals, livestock, wild
life, horticulture and small grains.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Govt exempts Japanese firm from income tax   

GOVERNMENT has exempted all expatriate staff of Japanese firm Konoike
Construction Company from paying non-resident's tax in respect of income
related to infrastructure projects the firm is undertaking with funding from
Tokyo's foreign development agency. The Japanese company is undertaking the
construction of irrigation facilities; replacement and repairing of pump and
flood protection structures for existing irrigation facilities at the
Nyakomba Irrigation Scheme, which were damaged by floods in 2000.
<http://www.bulls.co.zw/> Read more >

3 000 youths benefit from YEP   

Nearly 3 000 youths have so far undergone training under the Youth
Entrepreneurship Programme (YEP), an initiative co-sponsored by CBZ Bank and
designed to equip young people with skills to start business. Speaking at
the award giving ceremony held in Harare last week, CBZ chief executive Dr
Blessing Mudavanhu said close to 3 000 youths have gone through the programe
since it started three years ago. "This is third year running and about 2
900 youths have gone through this programme. This initiative fits in the RBZ
strategy of financial inclusion. We are providing a platform so that our
brothers and sisters are involved in the financial system.
<http://www.bulls.co.zw/> Read more >

Zimnat conducts Know Your Client campaign   

Zimnat, is in an effort to serve its clients better, it is running a
customer data collection campaign. The objective of the campaign is to
update customer information. Zimnat sees the importance of a business not
only knowing its customers well, but understanding their needs throughout
the business life-cycle. Updated information allows the organisation to
effectively contact clients whenever the need arises, ensuring that they are
always up to date with any relevant changes or developments. It also allows
for the creation of tailor-made solutions to ensure that clients are
satisfied at all times.  <http://www.bulls.co.zw/> Read more >

New bank opens in Bulawayo. . .$50 000 non-collateral loan package for
youths   

EMPOWER Bank yesterday officially opened its first Bulawayo branch pledging
a $50 000 non-collateral loan package to local entrepreneurs with viable
project proposals on a first come and first serve basis.  The micro finance
institution was set up by Government last year with a bias towards financing
youth entrepreneurs. President  Mnangagwa opened the first branch in Harare
in July last year with $12,5 million seed money.   <http://www.bulls.co.zw/>
Read more >

Makomo bemoan low prices   

COAL producer Makomo Resources says optimum pricing for its products is
critical to meeting operational costs and increasing output to about 200 000
tonnes per month. The coal mining giant recently scaled down production to
120 000 tonnes per month citing liquidity challenges. The firm supplies coal
to the country's major power stations as well as South Mining, which
produces coke. <http://www.bulls.co.zw/> Read more >

Zimbabwe gears up for increased tourism traffic   

THE just-ended International Tourism Bourse (ITB) convention in Berlin,
Germany, has set the right tone for Zimbabwe to expand her horizon and lure
strong visitor traffic this year, according to the Zimbabwe Tourism
Authority (ZTA). A total of 28 tourism players from Zimbabwe participated at
the high-level gathering where they showcased massive tourism investment
opportunities to international markets.   <http://www.bulls.co.zw/> Read
more >

Captains of industry upbeat over BNC   

CAPTAINS of industry and commerce yesterday expressed confidence that the
Bi-National Commission (BNC) meetings held between Zimbabwe and South Africa
this week will promote trade and economic cooperation between the two
countries. Confederation of Zimbabwe Industries (CZI) president Sifelani
Jabangwe said the fact that South Africa was the largest economy in Africa
and Zimbabwe's biggest trading partner, Harare stood to benefit from closer
cooperation. President Cyril Ramaphosa yesterday said Pretoria's exports to
Zimbabwe topped 30 billion rand in 2018 making Harare a critical trading
partner in Africa.  <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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