Bulls n Bears Investors Notebook Issue 219: 28 March 2019

Thu Mar 28 09:31:05 CAT 2019

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Bulls n Bears Investors Notebook Issue 219: 28 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

US$45m traded over past 3 weeks: Mangudya

THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says US$45 million
has been traded over the past three weeks of the interbank forex market, a
25% increase in the average weekly trades compared to last month. "We have
noticed a significant improvement since the launch of the interbank forex
platform, with trades amounting to US$45 million over the past three weeks,"
Mangudya  <http://www.bulls.co.zw/> Read more >

Mine workers, NEC in salary row

WORKERS under the National Union of Mine Quarrying, Iron and Steel Workers
of Zimbabwe (NUMQISWZ) have accused the mining sector's National Employment
Council (NEC) of not timeously processing cases of underpayment and
non-payment. NUMQISWZ members besieged NewsDay offices in Bulawayo
yesterday, accusing the NEC of failing to effectively discharge its mandate.
<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

Mine workers, NEC in salary row

WORKERS under the National Union of Mine Quarrying, Iron and Steel Workers
of Zimbabwe (NUMQISWZ) have accused the mining sector's National Employment
Council (NEC) of not timeously processing cases of underpayment and
non-payment. NUMQISWZ members besieged NewsDay offices in Bulawayo
yesterday, accusing the NEC of failing to effectively discharge its mandate.
<http://www.bulls.co.zw/> Read more >

'Exploit ED's openness for success'   

EMPLOYERS have been advised to take advantage of President Mnangagwa's
keenness to engage and ensure regular meetings with Government to influence
policy and drive economic prosperity, a labour expert has said. Mr George
Makings, a veteran labour law analyst, told delegates during the Employers'
Confederation of Zimbabwe (Emcoz) 2019 human resources indaba in Kariba last
week that dialogue should come first if economic growth was to be achieved.
<http://www.bulls.co.zw/> Read more >

Exchange liberalisation right step: ICAZ   

THE liberalisation of the foreign exchange rate by the Reserve Bank of
Zimbabwe (RBZ) in this year's Monetary Policy Statement (MPS) has
standardised financial reporting and done away with distortions emanating
from the previous 1:1 exchange rate, the Institute of Chartered Accountants
of Zimbabwe (ICAZ) has said. Accountants have previously had serious
challenges balancing their books and reporting of financials as monetary
authorities insisted on a 1:1 exchange rate between the RTGS$ and the US$
despite the obvious and glaring disparity on the ground.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Nzenza urges industry to uphold safety precautions   

Industry must uphold safety precautions to minimise fatalities in workplaces
as occupational accidents are detrimental to productivity, Public Service,
Labour and Social Welfare Minister Sekai Nzenza has said. Officially opening
the ongoing NSSA engineers workshop on occupational safety and health in the
capital, Permanent Secretary in the Ministry Dr Judith Kateera, who spoke on
behalf of Minister Nzenza, said industry must practice self- precautionary
measures and adopt best practices for the upkeep of the country's labour
force.  <http://www.bulls.co.zw/> Read more >

ZTA, Air Tanzania relations bear fruit   

The relationship between Zimbabwe Tourism Authority (ZTA) and Air Tanzania
continues to bear fruit as the country welcomed 10 travel agents from Dar es
Salaam into Harare this week. The delegation from Dar es Salam, which
includes travel and consultant agents, bloggers and Air Tanzania
representatives, is set to tour the main tourist attractions in Zimbabwe
including the mighty Victoria Falls. At a time where other airlines have
been pulling out of Zimbabwe, Air Tanzania has recently re-established its
flights into Harare from Dar es Salaam after two decades, hoping to aid the
country in launching Zimbabwe as a major tourist destination along the
efforts of ZTA.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

TelOne Increases Data Bundle Prices, Introduces US Dollar Pricing

The State owned internet service provider TelOne has pegged their broadband
services in United States dollars in response to measures announced in the
2019 Monetary Policy Statement (MPS) presented in February. Said TelOne:
TelOne would like to advise that our tariffs and charges will remain
unchanged in US dollar terms. We will, however, have tariffs and charges
indicated in RTGS.  <http://www.bulls.co.zw/> Read more >

CAAZ boss in court over multi-million-dollar tender scam

Civil Aviation Authority of Zimbabwe (CAAZ) chief executive David Chawota
appeared in court yesterday facing criminal abuse of office charges for
allegedly flouting tender processes when air traffic control and
communication systems were acquired. Chawota (59), who was represented by
Tinofara Kudakwashe Hove, appeared before Harare magistrate Rumbidzai
Mugwagwa. The State alleges that in May 2013, Chawota initiated a tender
process for the supply of air traffic control systems.
<http://www.bulls.co.zw/> Read more >

Call for banks to embrace digital technologies   

The banking sector has been called upon to embrace digital technologies
which will enhance strategic partnerships and ensure efficient services to
clients. The call was made at the 25th WSBI Africa Regional Group Meeting
being attended by banking institutions and regulators from 11 countries in
Victoria Falls. WSBI Africa Regional Group was established to bring together
the members in the region to keep close exchange on specific issues and to
promote the exchange of best practices and create business cooperation
opportunities.  <http://www.bulls.co.zw/> Read more >

Internet service providers peg services in US$   

ZIMBABWE's major internet service providers have pegged their broadband
services in United States dollars in response to measures announced in the
2019 Monetary Policy Statement (MPS) presented in February. In the MPS,
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya re-introduced the
inter-bank market, shifting from the 1:1 rate between the US$ and the RTGS
dollar.  The MPS separated the two currencies and pegged the exchange rate
between the USD and RTGS dollar at 1:2,5.  <http://www.bulls.co.zw/> Read
more >

Edgars credit management effort bears fruit   

GIANT clothing manufacturer and retailer, Edgars Group, says its credit
management efforts have borne fruit as various debtors' books are all
"clean" with "too many" paid-up accounts. In a statement accompanying the
group's financial results for the full year January 6, 2019, the chairman Mr
Themba Sibanda said: "Debtors were very well managed throughout the year and
the various debtors' books are all 'clean'.   <http://www.bulls.co.zw/> Read
more >

Seed Co launches new maize seed varieties   

Pan Africa seed company, Seed Co, this week launched climate-smart high
yielding and stable hybrid maize varieties that are expected to yield much
more than currently available products within respective maturity groupings,
a senior company official has said. The two varieties, SC529 and SC649,
which according to officials, are a product of intense breeding efforts, are
said to have proven to be stable across seasons and across agro-regions and
will result in improved yields.  <http://www.bulls.co.zw/> Read more >

Fidelity resumes training for small-scale miners   

State gold buying entity Fidelity Printers and Refineries will next month
resume small-scale miners' training programme that is aimed at equipping
them with key knowledge needed in their operations. Fidelity introduced the
Certificate in Fundamentals of Mining programme in conjunction with the
Zimbabwe School of Mines as a response to the glaring skills gap that were
apparent in the small-scale miners despite them outpacing primary gold
producers in deliveries to the state buyer.  <http://www.bulls.co.zw/> Read
more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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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