Bulls n Bears Investors Notebook Issue 213: 20 March 2019

Wed Mar 20 10:10:07 CAT 2019

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Bulls n Bears Investors Notebook Issue 213: 20 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 finmin sees inflation below 10 pct by year-end

(Reuters) - Zimbabwe's annual inflation is expected to slow down to below 10
percent by the year-end on expectations that the government will cut the
budget deficit by half, and reduce money supply growth, Finance Minister
Mthuli Ncube said on Tuesday. Inflation rose to a 10-year high of 59.39
percent year-on-year in February from 56.9 percent in January. Economic
reforms being pursued by treasury had started bearing fruit, with the
government recording budget surpluses and increased revenues since November,
Ncube wrote in an article featured in the NewDay newspaper.
<http://www.bulls.co.zw/> Read more >

Zimbabwe seeks to raise $350 million selling shares in state firms

(Reuters) - Zimbabwe expects to raise $350 million from selling shares in
five state-owned telecommunications companies and a bank, as part of
economic reforms being pursued by the government, Finance Minister Mthuli
Ncube said on Tuesday. The southern African nation's economy is experiencing
a severe dollar crunch and faces more headwinds from a drought that has
wilted crops and left up to 5.3 million people in need of food aid,
according to a U.N. humanitarian agency. Ncube said the government would
dispose of shares in its two mobile phone operators NetOne and Telecel
Zimbabwe, the country's sole fixed line telephony company TelOne, postal
services Zimpost and state-owned savings bank POSB.
<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

Potraz summons Liquid over tariff hike

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)
has summoned Zol Zimbabwe for questioning over its unauthorised data tariff
increase, NewsDay has learnt. Zol Zimbabwe, a subsidiary of Liquid Telecom
Group, announced that starting April 1, 2019 tariffs would be offered in
United States or RTGS dollars, effectively increasing the tariffs following
the devaluation of the RTGS dollar against the greenback. The tariff
increase came before Potraz has made a decision on a request by telecoms
players for an upward review of tariffs. <http://www.bulls.co.zw/> Read more
>

Tobacco farmers, merchants on collision course

TOBACCO farmers are on collision course with merchants who are demanding
repayment of loans issued to farmers in United States Dollars, as the
contract tobacco sales commence. The tobacco marketing season officially
starts today with auction floor sales. Contract farming accounts for more
than 70% of the country's golden leaf. Tobacco farmers, through various
member associations, have sought recourse from the central bank and the
Agriculture ministry over the matter, contending that the move by the
tobacco merchants would strain them. <http://www.bulls.co.zw/> Read more >

Zim launches free online shopping application, ZimexApp

A SELF-TAUGHT Zimbabwean, Washington Mkombodzi has created a free online
shopping application, ZimexApp which provides a virtual platform for small
businesses (SMEs) to reach out to the market. Mkombodzi said he saw the need
for a central place that would allow people in Zimbabwe to post and list
their products because the internet has become the main information
provider. "Due to limited marketing knowledge, retailers could not reach out
to more people in Zimbabwe. ZimexApp offers them a central place to post and
list their products and reach millions online. Internet is becoming the main
place of getting information in Zimbabwe," he said.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Victoria Falls mall ready to open

ZIMRE Property Investment (Zimre) has completed construction of its $13
million shopping mall in Victoria Falls with the facility set to be opened
to the public by the end of this month, an official has said. "The official
opening will be at the end of this month on the 26th. Everyone is busy at
the moment trying to finish off whatever needs to be finished off, but we
should be able to start trading as from April 1 . . .," managing director,
Edison Muvingi told NewsDay. He, however, could not be drawn to disclose the
number of tenants the company had signed up to take up space at the mall.
<http://www.bulls.co.zw/> Read more >

'Zim-bound wheat holed up in Moza'

CLOSE to 100 truckloads of Zimbabwe's wheat imports are holed up in Beira
after Cyclone Idai damaged infrastructure and made most roads impassable.
Chairperson of the Grain Millers Association of Zimbabwe (GMAZ) Tafadzwa
Musarara revealed this after appearing before the Justice Mayor
Wadyajena-led Parliamentary Portfolio Committee on Lands and Agriculture.
Musarara had been summoned to give oral evidence on the procurement of grain
and wheat by GMAZ, foreign currency allocations that GMAZ received from the
Reserve Bank of Zimbabwe (RBZ) from January 2015 to March 2019. The
committee wanted proof of all wheat acquittals, names and contacts of
suppliers and transporters and donations made by GMAZ.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

2019 tobacco auctions start today   

The 2019 tobacco marketing starts today with farmers upbeat about a fruitful
and organised season. Sales will start at the auction floors while the
contract sale floors will open tomorrow. Expectations are that the crop will
be of high quality, although the volumes may not reach last year's output of
252 million kilogrammes, which is the highest in the history of the country.
This is due to the El Nino-induced drought experienced this season. Tobacco
has contributed immensely to the growth of the agriculture sector and the
country's economy. It is the second largest foreign currency earner after
gold. <http://www.bulls.co.zw/> Read more >

VP Mohadi challenges DTZ board   

Vice President Kembo Mohadi has said management of Development Trust of
Zimbabwe (DTZ) entities needs to be enhanced to increase financial returns.
VP Mohadi said joint venture agreements between DTZ and other partners
should also be reviewed to ensure that it was in total control of the
ventures. VP Mohadi, who is the chairman of DTZ, said this at the inaugural
meeting of the board of trustees in Harare yesterday. "DTZ has major assets
that it owns, which are business entities that have the potential to raise a
healthy financial portfolio to achieve the objectives that it has been
established to fulfil," said VP Mohadi. <http://www.bulls.co.zw/> Read more
>

TelOne, NetOne to be privatised   

Government has intensified efforts to partially privatise telecommunication
companies Telone and NetOne and is offering the two entities to potential
investors as a joint package. Cabinet yesterday gave the nod to this
arrangement after a presentation by Finance and Economic Development
Minister Professor Mthuli Ncube. Public enterprise reforms are espoused in
Government's Transitional Stabilisation Programme (TSP), an economic
blueprint that advances President Mnangagwa's Vision 2030 of turning
Zimbabwe into an upper middle income economy. <http://www.bulls.co.zw/> Read
more >

Zesa gets new board   

ENERGY and Power Development Minister Dr Joram Gumbo yesterday announced a
new seven-member ZESA board, and directed the members to superintend over
the rebundling of the power utility, fight corruption and ensure a steady
power supply. Former Cottco managing director Mr Collins Chihuri will chair
the board, while Ministry of Energy and Power Development acting permanent
secretary Engineer Benson Munyaradzi will represent the ministry on the
board. The other board members are Ms Jacqueline Sande, Mr Trust Chifamba,
Mr Hussein Omar, Mrs Cathrine Befura and Mr Thomas Timire.
<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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