Bulls n Bears Investors Notebook Issue 216: 25 March 2019

Mon Mar 25 09:00:42 CAT 2019

 <http://www.bulls.co.zw/> Bulls.co.zw        <mailto:bulls at bulls.co.zw>
Views & Comments        <http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 216: 25 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

Nyaradzo eyes UK market

LOCAL insurance group, Nyaradzo Life Assurance Company, says it intends to
spread its wings into the United Kingdom (UK) this year as it seeks to widen
its market reach, an official has said. Speaking at the unveiling ceremony
of its partnership with Chicken Inn Football Club in Bulawayo last week, the
company's general manager, Tendai Kanjanda said the decision was informed by
the number of Zimbabweans living in the UK. According to the industry
regulator, Insurance Pensions and Commissions (IPEC), Nyaradzo commands more
than 70% of the funeral insurance market, while life business has grown to
about 26% of the market.  <http://www.bulls.co.zw/> Read more >

Govt set to ferry fuel by road

GOVERNMENT is considering bringing in fuel by road after Cyclone Idai
flattened Mozambique's port city of Beira linking the country's fuel
pipeline. The port, which houses the control room which pumps fuel into the
pipeline, was the worst affected with reports suggesting that more than 90%
of the city had been destroyed when the tropical storm made landfall on
March 14. As a result, fuel supplies to Zimbabwe via the pipeline have been
suspended causing supply gaps and long queues at service stations.
<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

RTGS$ weakens 16% in first month

ZIMBABWE'S local currency, the RTGS dollar, has plunged by as much as 16%
since it was introduced last month. The Reserve Bank of Zimbabwe scrapped
its discredited 1:1 dollar peg for surrogate bond notes and electronic
dollars last month, merging them into a lower-value transitional currency
called the RTGS dollar as part of monetary policy measures to address the
country's currency challenges. The RTGS dollar made its debut at 1:2,5 to
the greenback on the official interbank platform, but on the parallel
market, rates were as high as 3,5 to 3,8.  <http://www.bulls.co.zw/> Read
more >

Natpharm given 48hrs to procure supplies   

The State-appointed agent for the procurement, storage and distribution of
medical supplies, the National Pharmaceutical Company of Zimbabwe
(Natpharm), has been given 48 hours to approach the local market to procure
the required medicine and sundries using RTGS dollars in a move meant to
speed up the procurementprocess. The resolution followed recommendations of
a meeting held on March 19, 2019, between the Procurement Regulatory
Authority of Zimbabwe (PRAZ), the Ministry of Health and Child Care, and
Natpharm, in direct response to media coverage following a news clip by
Parirenyatwa Group of Hospitals' Paediatrics Division head Dr Azza
Mashumba..  <http://www.bulls.co.zw/> Read more >

Payments shall be in US dollars: IATA   

International Air Transport Association (IATA), a trade association which
represents interests of the world's airlines, has issued a directive to
local travel agents that all remittances of amounts due to them will only be
accepted in United States dollars. All payments accruing to airlines are
routed through the Canada head-quartered group. However, depleted nostro
accounts have been making it increasingly difficult to switch from bond
note-denominated payments to US dollar-based settlements.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Kango wants duty hike on gas stoves   

KANGO Private Limited has called on Government to increase duty on gas
stoves following the increased inroads of the imported product on the local
market. Kango is the sole maker of gas stoves in the country and seems to be
overwhelmed by the high traffic of the product into the country. Whether or
not the company will be able to meet local demand remains a question for
another day but most stakeholders expressed concern over the inability of
the local producer (Kango) to meet demand for gas stoves. Local retail
outlets have expressed concern on the high likelihood of monopoly on pricing
if duty increase is awarded hence need for more research should the
protection be granted.   <http://www.bulls.co.zw/> Read more >

Zimbabwe, Zambia cut hydropower output   

ZIMBABWE and Zambia have reduced hydropower output from Kariba Dam due to
drought induced lowering of water levels. The amount of water allocated for
power generation is being cut to 36 billion cubic metres from 38 billion
cubic metres, while electricity supplies will be reduced to 890 megawatts
from 1 476 megawatts, the Zambezi River Authority said in an emailed
statement on Thursday.  Water is currently five metres above the
minimum-operating level, it said.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Miners insist on levy cuts   

SMALL-scale miners continue to lobby Government to review downwards mining
levies and fees in order to promote the growth of the sector and its
contribution to the economy. Through their representative body, the Zimbabwe
Miners' Federation (ZMF), miners have been seeking reduction in regulatory
levies by margins ranging between 75 percent and 97 percent. Speaking at the
small-scale miners' conference in Bulawayo last Wednesday, ZMF president Ms
Henrietta Rushwaya said the mining levies being charged were discouraging
investments and output in the sector.  <http://www.bulls.co.zw/> Read more >

Arda grows veggies for Vic Falls market   

PLAYERS in the hospitality industry are set to stop importing perishable
vegetables if efforts by the Agricultural and Rural Development Authority
(ARDA) to ramp up local production succeed. ARDA board chair Mr Basil
Nyabadza said they had started growing 18 types of vegetables at ARDA
Jotsholo in Lupane with the aim of supplying the hospitality industry,
especially in Victoria Falls. Matabeleland North province is predominantly a
tourism area with Hwange and Victoria Falls forming the nucleus
<http://www.bulls.co.zw/> Read more >

Potraz urges network operators to contain costs   

MOBILE network operators (MNO) should work on cost containment to
consolidate profitability in view of the prevailing inflationary pressures
instead of tariff increases, the Postal and Telecommunications Regulatory
Authority of Zimbabwe (Potraz), has said.  Zimbabwe has three MNOs NetOne,
Telecel and Econet Wireless owned by Zimbabwean billionaire, Mr Strive
Masiyiwa. In a sector performance report for the fourth quarter period ended
December 31, 2018, the regulator said improved performance this year will be
guided by the general macro-economic environment and urged operators to
contain costs.  <http://www.bulls.co.zw/> Read more >

Cyclone Idai hits 2019 tobacco output   

THE output for this year's tobacco marketing season is projected to decline
due to the damage of the crop and the barns by the deadly Cyclone Idai. The
natural disaster, which recently struck most parts of Manicaland and
Mashonaland East provinces, left a trail of destruction in the affected
areas. Tobacco Industry and Marketing Board (TIMB) chief executive officer,
Dr Andrew Matibiri, said an assessment was still underway to establish the
level of destruction of tobacco fields.   <http://www.bulls.co.zw/> Read
more >

David Whitehead fails to account for $2 million bailout   

THE revival of operations at David Whitehead Textiles is in limbo after the
judicial manager failed to account for the $2 million bailout the ailing
firm received from the Zimbabwe Asset Management Company. Last year, the
Zimbabwe Asset Management Company (Zamco) advanced $2 million to the
Chegutu-based textile company for the resuscitation of operations. Speaking
in Parliament last week, Chegutu West legislator Dexter Nduna said:  "We
were hoping and keeping our fingers crossed that because there has been an
input into the cotton industry by Government that company (David Whitehead)
is going to be resuscitated.   <http://www.bulls.co.zw/> Read more >

Parly summons Ncube, Shiri over tobacco auction ruckus

PARLIAMENT has summoned Finance and Agriculture ministers to come and clear
the air on why government has gone back on promises to pay tobacco farmers
50% of their earnings in United States dollars. The tobacco marketing season
opened last week with grumbles over the low price of the golden leaf at the
auction floors. Prices were pegged at $4,50 per kg on the first day,
compared to $4,99 last year. <http://www.bulls.co.zw/> Read more >

BCC insists on forex for stands

THE Bulawayo City Council (BCC) has shattered the dreams of scores of locals
wishing to own homes, telling them to "shut-up" if they cannot afford
housing stands that have been priced in foreign currency (forex). This comes
at a time residents have challenged the city fathers over the decision which
they say discriminates against the majority of residents who are seeking
land to build houses. In December, council approved the sale of housing
stands in United States dollars (USDs); a move residents said was anti-poor
and likely to condemn thousands on the housing waiting list to being
permanent lodgers.  <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 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190325/5ffa0e2c/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 39674 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190325/5ffa0e2c/attachment-0004.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 29134 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190325/5ffa0e2c/attachment-0005.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 29401 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190325/5ffa0e2c/attachment-0006.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image004.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190325/5ffa0e2c/attachment-0007.jpg>