Bulls n Bears Investors Notebook Issue 214: 21 March 2019

Thu Mar 21 09:12:50 CAT 2019

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Bulls n Bears Investors Notebook Issue 214: 21 March 2019

 <mailto:zitfmktg at zitf.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

Zimbabwe tobacco output set to dip to 240 million kg after drought

(Reuters) - Zimbabwean farmers are expected to sell up to 240 million kg of
tobacco this year, a 5 percent dip from 2018 due to drought, an industry
official said on Wednesday at the start of the selling season that could
help ease a severe dollar shortage. The opening of tobacco auctions
traditionally leads to improved foreign exchange inflows in the southern
African nation as buyers bring in dollars from offshore banks to purchase
the crop. Tobacco, which is grown by more than 170,000 mostly small-scale
farmers, is Zimbabwe's second-biggest earner of foreign exchange after
mining and last year brought in $892 million. <http://www.bulls.co.zw/> Read
more >

Caledonia posts $21,4m profit 2018FY

CALEDONIA Mining Corporation registered a 4% increase in after tax profits
to US$21,42 million in the full year to December 2018 compared to US$20,61
million in 2017, despite a fall in production. Chief executive officer Steve
Curtis said this was mainly due to "an increase in amounts due in respect of
gold sales and VAT refunds from the government of Zimbabwe and a reduction
in trade and other payables". <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

RBZ disburses $120 million for small-scale miners

THE Reserve Bank of Zimbabwe (RBZ), through its wholly-owned subsidiary
Fidelity Printers and Refiners (FPR), has to date disbursed $120 million out
of the $150 million Gold Development Initiative Fund (GDIF) for small-scale
miners. Giving his presentation at the small-scale miners conference held in
Bulawayo yesterday, FPR head of GIDF Matthew Chidavaenzi said plans were
afoot to add another $100 million for 2019. "We have got about $150 million
from the Reserve Bank of Zimbabwe and of that $150 million, we have given
out $120 million. We still have $30 million to use," he said.
<http://www.bulls.co.zw/> Read more >

Mobile network operators record 36% revenue jump

ZIMBABWE'S mobile network operators recorded a 36% increase in revenue to
$1,1 billion in the full year to December 2018 despite a 25% increase in
operating costs, the industry regulator has reported. The country has three
licensed operators, two of which are State-owned - NetOne and Telecel and a
third which is privately-run, Econet. A sector report by the Postal and
Telecommunications Regulatory Authority of Zimbabwe (Potraz) shows that on a
quarterly basis revenues were down 13% to $287 million in the quarter to
December from $331 million recorded in the third quarter of 2018.
<http://www.bulls.co.zw/> Read more >

2019 tobacco marketing season off to slow start   

The 2019 tobacco marketing season officially started yesterday, with
Government saying it is working towards developing an infrastructure that
supports a thriving and open economy capable of creating new opportunities
for investors. The new thrust would also create more employment and ensure
the well-being of people. This was said by Vice President Kembo Mohadi while
officially opening the tobacco marketing season at the Tobacco Sales Floor.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Chitungwiza extends discount offer   

Chitungwiza Municipality has extended its promotion of 50 percent discount
to ratepayers who settle their debts in full up to March 31 following pleas
from residents. Initially, the promotion ran from February 15 to March 15
and was only meant for residents. Chitungwiza Municipality public relations
officer Mr Lovemore Meya confirmed the development yesterday and urged
residents to take advantage of the discount window period.
<http://www.bulls.co.zw/> Read more >

Caledonia backs interbank exchange market   

AIM-listed mining group, Caledonia Mining Corporation, is optimistic that
the introduction of the inter-bank foreign currency exchange market in
February will help stabilise business operations and assist the company to
yield more profits. The chief executive officer, Mr Steve Curtis, said this
in a media update yesterday, while reflecting on the performance results for
the fourth quarter period ended 31 December 2018. Caledonia has local
operations at Blanket Mine in Gwanda, Matabeleland South province.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Government mulls small-scale miners production in precious stones   

GOVERNMENT is considering allowing small-scale miners to diversify
operations by participating in the production of semi-precious stones. Mines
and Mining Development Deputy Minister, Engineer Polite Kambamura said this
during a small-scale miners' forum held in Bulawayo yesterday.  "Our
artisanal small-scale mining sector will soon diversify to include mining of
semi-precious stones, manganese and other minerals apart from gold and
chrome they have been mining. You agree with me that focus has been made on
gold and little attention to other minerals," he said.
<http://www.bulls.co.zw/> Read more >

Businesses must stop charging exorbitant prices   

Government was last October forced to suspend Statutory Instrument 122 of
2017 (formerly S164 of 2016) to allow supermarkets and other businesses to
restock. Companies and individuals with offshore and free funds were allowed
to import specified basic commodities that were in short supply due to
speculative behaviour by local retailers and panic buying by consumers.  The
Government decision to lift the imports ban forced some manufacturers who
had been stockpiling commodities for speculative purposes to off-load the
products.  <http://www.bulls.co.zw/> Read more >

Final touches on $13m Vic Falls mall   

THE $13 million Sawanga Shopping Mall in Victoria Falls is nearly 100
percent complete and ready for occupation with workmen doing final touches
on construction work. Construction started early last year as the Zimbabwe
Reinsurance (Zimre) Property Investments invaded the resort town with a
project that is set to change the face of tourism and investment in the
Special Economic Zone (SEZ). One of the mall's biggest tenants, TM Pick n
PAY on Tuesday closed its old shop in town in readiness to move to the new
premises at the mall next week Wednesday. <http://www.bulls.co.zw/> Read
more >

RBZ avails $25m for women, youth miners   

THE Reserve Bank of Zimbabwe (RBZ) has availed $25 million to assist women
and youth small scale miners to boost production. Speaking recently in
Gwanda during a workshop for small scale miners in Matabeleland South
province, RBZ deputy director at the Bulawayo regional office Mr Kasanda
Sibanda urged small scale miners to fully utilise the loan facility. "The
bank has extended financial inclusion facilities for women and the youth
through local banks but utilisation has been very low. A total of $15
million was allocated for women and $3,3 million has been disbursed so far
while $10 million was allocated for youths and only $300 000 has been
disbursed," he said. <http://www.bulls.co.zw/> Read more >

SeedCo launches 'Eleven Tonnes plus Judging'   

REGIONAL seed producer, SeedCo Limited, has introduced a competition meant
to boost small-scale farmers' production.  The competion called "Eleven
Tonnes plus Judging" was launched this week at MaryEllen Farm in Bubi
district, Matabeleland North. The farmers who are able to produce 11 tonnes
or more per hectare join the commercial club, an elite group of farmers that
are then rewarded for producing high yields per hectare. "We check how many
tonnes a farmer has produced per hectare and if it's more than 11 tonnes, he
or she joins the club for commercial farmers," SeedCo commercial agronomist,
Mr Philip Matombo said.  <http://www.bulls.co.zw/> Read more >

Go for dualisation tender, Masvingo companies told   

GOVERNMENT has called on construction companies in Masvingo province to
combine their capacities and position themselves for lucrative tenders on
the dualisation of Beitbridge-Harare-Chirundu Highway project. The
multi-million dualisation project is on course with some workmen already on
the ground in Beatrice and Mvuma areas. Transport and Infrastructural
Development Minister, Engineer Biggie Joel Matiza, is on record saying the
project will be done in nine segments and would commence in Masvingo
sometime in July.  <http://www.bulls.co.zw/> Read more >

Rebate of duty on goods donated to associations and organisations in Zim
involved in charitable or welfare work   

ZIMBABWE is among the Southern African countries that were affected by
Cyclone Idai, which caused a trial of destruction that has affected human
and animal life, and infrastructure.  The President of Zimbabwe made an
appeal to individuals, corporates, civic society and international community
to provide assistance to the affected communities mainly in Chimanimani,
Chipinge and Bikita.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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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