Bulls n Bears Investors Notebook Issue 212: 19 March 2019

Tue Mar 19 09:54:16 CAT 2019

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Bulls n Bears Investors Notebook Issue 212: 19 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

Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe

LONDON (Reuters) - Russian state-controlled miner Alrosa will assess the
quality of Zimbabwe's diamond reserves over the next six months but would
only start mining if it can take a majority stake in such a project, the
company's chief executive said on Monday. Zimbabwe is seeking to attract
investment and has scrapped legislation that restricts foreign participation
for some commodities. It has yet to do so for diamonds and platinum but has
said that it will.  <http://www.bulls.co.zw/> Read more >

National Blankets faces imminent liquidation

BULAWAYO-BASED textile maker National Blankets is facing imminent
liquidation after failing to court a suitable investor to inject fresh
capital into the ailing company. The company, which was placed under
judicial management in 2012 due to viability concerns, experienced a drastic
fall in demand as the market for woven blankets declined. National Blankets
still uses equipment that was first installed in 1940, early into the Second
World War that can only manufacture woven blankets and cannot be configured
to produce highly knitted blankets currently on the market.
<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

Corruption still rife in Zim: US report

CORRUPTION remains a major problem in Zimbabwe despite government
pronouncements to fight the rot, a report by the United States has revealed.
According to a 2018 Human Rights Report prepared by the US Department of
State, Bureau of Democracy, Human Rights and Labour, "police frequently
arrested citizens for low-level corruption while ignoring reports
implicating high-level businesspersons and politicians". The country
continued to experience both petty and grand corruption, defined
respectively by Transparency International Zimbabwe as an "everyday abuse of
entrusted power by low- to mid-level public officials" and "an abuse of
high-level power by political elites".  <http://www.bulls.co.zw/> Read more
>

Ipec to adopt risk-based supervision framework

The Insurance and Pensions Industry (Ipec) plans to adopt a risk-based
supervision framework, moving from the current compliance-based model in a
move that is expected to improve the regulator's oversight of the industry.
The new framework should determine the capital that players in the sector
may hold, based on the risks that they assume.  <http://www.bulls.co.zw/>
Read more >

Forex shortages gnaws fertilizer industry

ZIMBABWE'S fertilizer industry says it is constrained by forex shortages,
but it still has the capacity to produce enough to meet the country's demand
this year and export excess production. Zimbabwe Fertilizer Manufacturers'
Association chairman Tapuwa Mashingaidze told NewsDay that this year, the
industry would produce in excess of 600 000 tonnes.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Property developer Mash Holdings records 7% jump in revenue

PROPERTY investment and development company Mashonaland Limited Holdings
recorded a 7% increase in revenue to $1,68 million in the four months to
January, driven by higher occupancy levels across the company's portfolio.
Revenue, however, was 3% below target, a reflection of the delays in sales
of the company's serviced Old Windsor residential stands.
<http://www.bulls.co.zw/> Read more >

'Interbank market won't be manipulated'   

Mechanisms have been put in place to ensure that the foreign currency
interbank market will not be manipulated, Finance and Economic Development
Minister Professor Mthuli Ncube has said. This comes as the Confederation of
Zimbabwe Industries (CZI) says it is too early to judge the success or
failure of the foreign exchange market, which the industrial lobby body
argues is still battling some foreign currency liquidity issues, as it needs
time to gain the confidence of users.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zera hunts for CEO   

THE Zimbabwe Energy Regulatory Authority (Zera) has begun the search for a
substantive chief executive officer to replace former CEO Engineer Gloria
Magombo. Eng Magombo left Zera in September last year following her
appointment by President Mnangagwa to assume the position of Permanent
Secretary in the Ministry of Energy and Power Development. Industrial
Psychology Consultants (IPC), who are assisting in the recruitment of a
suitable candidate for the position of Zera CEO, announced at the weekend
that the search for the top job has begun.  <http://www.bulls.co.zw/> Read
more >

Government reforms tame inflationary pressures   

THE Government's fiscal reform drive has seen the country's month-on-month
inflation drop 9,08 percentage points to 1,67 percent in February from 10,75
percent in January 2018. According to the Zimbabwe National Statistical
Agency (Zimstat), the record decline means that prices as measured by
all-items Consumer Price Index, prices increased by an average of 1,67
percent between January and February 2019.  <http://www.bulls.co.zw/> Read
more >

PPC sweats over imports. . .Cement producer appeals for intervention   

THE country's largest cement producer, Pretoria Portland Cement (PPC)
Zimbabwe is feeling the heat from imports and has called on Government to
promulgate protectionist laws to promote local production. Government lifted
a two- year import ban on some basic commodities including cement last
October as a measure to deal with rampant shortages that drove public into
panic buying.  <http://www.bulls.co.zw/> Read more >

Coca-Cola pours $38m into bottle recycling project   

AS part of efforts to conserve the environment and commemorate global
recycling, the Coca-Cola Company yesterday announced a $38 million fund to
accelerate collection and recycling of PET plastic bottles across Southern
and East Africa. The initiative is part of the company's focused "world
without waste campaign" over a period of three years and beyond. Coca-Cola,
along with its bottling partners and other industry players across the
region, will invest over US$38 million to stimulate plastic recycling
industries and educate people about what, how and where to recycle.
<http://www.bulls.co.zw/> Read more >

NRZ looks to proposed routes to boost revenue inflows   

THE National Railways of Zimbabwe (NRZ) has come up with proposed routes
based on its systems map across the country to boost revenue inflows under
the $400 million recapitalisation project. In 2017, NRZ and the Diaspora
Infrastructure Development Group/Transnet Consortium signed the $400 million
deal meant to recapitalise and rehabilitate the country's railways firm,
which requires about $1,9 billion in the long-term.
<http://www.bulls.co.zw/> Read more >

Tobacco farmers to get 50pc forex - Mangudya

Tobacco farmers will get 50 percent of their earnings in foreign currency
when the marketing season gets underway on Wednesday, up from 30 percent
proposed earlier. A joint statement signed.
<http://www.bulls.co.zw/2019/03/18/tobacco-farmers-to-get-50pc-forex-mangudy
a/> Read more >

Zim struggles despite huge forex inflows

ZIMBABWE is doing fairly well in terms of foreign currency earnings compared
to countries such as Rwanda and Ethiopia yet the country is struggling to
meet its forex obligations, a.
<http://www.bulls.co.zw/2019/03/18/zim-struggles-despite-huge-forex-inflows/
> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Dairibord

Analysts Briefing

Palm Court, Meikles Hotel, Harare

20 March 2019 3pm

CFI

AGM

Farm & City Boardroom, 1st Floor Farm & City Complex, 1 Wynne Street

26 March 2019 11am

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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