Bulls n Bears Investors Notebook Issue 220: 29 March 2019

Fri Mar 29 10:12:53 CAT 2019

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Bulls n Bears Investors Notebook Issue 220: 29 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

Edgars posts 114% jump in after-tax profit

EDGARS Stores Limited posted a 114% increase in after-tax profit to US$8,5
million in the year ended January 6, 2019 due to improved margins in the
last quarter of the period. "Profit for the period of $8,5 million was 114%
higher than the prior year $3,98 million, partly due to increased margins in
the last quarter. Group margins improved to 46% (2017:43%)," Edgars chairman
Thembinkosi Sibanda, said in a statement accompanying the company's
financial results.  <http://www.bulls.co.zw/> Read more >

Growing businesses through franchising

There are many pathways of growing a business such as franchising, mergers
and acquisitions, joint ventures and arrangements and strategic
partnerships. This article will draw in on how African business can grow
through the franchising model. South Africa is franchise industry leader in
Africa. South African franchising industry has proven that African economies
can grow using this business model. According to the Franchise Association
of South Africa, the country has about 757 franchises systems and 35 111
franchise outlets. Franchising contributes about 13.3% to South Africa's GDP
and provides jobs for over 400 000 people. The success of the franchising
model in South Africa demonstrates that franchising can be a successful
business growth strategy for Africa.   <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

Zimbabwe to import 900,000 tonnes of maize

Meanwhile, a Mauritius based firm, Afrigran Trading, has terminated its
cereal supply contract with National Foods Limited (Natfoods) after the
Reserve Bank of Zimbabwe (RBZ) failed to honour a US$55 million debt on
behalf of the local agro-processing firm. RBZ, which is battling a foreign
currency crunch, assumed the debt after entering into an agreement with
Natfoods, which paid the full amount owed to Afrigran Trading to RBZ.
<http://www.bulls.co.zw/> Read more >

Jack Ma's Africa Netpreneur Prize Now Taking Applications

The application process for the Africa Netpreneur Prize Initiative (ANPI) is
officially open to African entrepreneurs from all countries, sectors and age
groups. The ANPI is a prize competition founded by the Jack Ma Foundation
that will award US$10 million and recognize 100 African entrepreneurs over
the next 10 years. The Prize aims to support and inspire the next generation
of entrepreneurs who are building a more sustainable and inclusive economy
for the future. Every year, 10 finalists will be selected to compete in a
finale pitch competition that will be broadcast across the continent. All
ten finalists will gain access to the Netpreneur community of African
business leaders to leverage the community's shared expertise, best practice
and resources.  <http://www.bulls.co.zw/> Read more >

ZTA gives operators ultimatum

THE Zimbabwe Tourism Authority (ZTA) has given unregistered tourist
operators up to Sunday to have their facilities registered or face closure.
In a statement, ZTA said all facilities who register or renew their licenses
and certificates before April 1 would have no penalties charged. "The
Zimbabwe Tourism Authority wishes to remind all operators of unregistered
designated tourist facilities to come and register by March 31, 2019. All
facilities who register or renew their licenses and certificates before
April 1 will have no penalties charged," the statement read in part.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

TRB targets drought-resistant tobacco varieties

THE Tobacco Research Board (TRB) has announced plans to develop
drought-resistant tobacco varieties to mitigate effects of climate change,
characterised by longer dry spells.  In its 2017/18 annual report, which was
tabled in Parliament last week, TRB said hot and dry weather conditions
prevailing in the country posed a challenge to tobacco growers as the season
was characterised by poor rainfall patterns.  <http://www.bulls.co.zw/> Read
more >

Interbank market fails to rescue Olivine

OLIVINE Industries says it is still struggling to access foreign currency
despite the advent of the interbank market, saying the platform was
"negligible" in sourcing the elusive money, NewsDay has learnt. The once top
manufacturer of cooking oil, soap and margarine shut down operations in the
second week of January this year citing a crippling US$11 million debt from
foreign currency challenges. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Fuel consumption declines   

The consumption of diesel and petrol plunged by almost 1,5 million litres
and 1,8 million litres per day respectively between January and February
this year, compared to previous months on the back of price adjustments and
the impact of the Monetary Policy Statement that ushered in a number of
far-reaching measures. The reduction has seen the country making huge
savings in foreign currency at a time the economy is facing a crippling
shortage of hard currency that has seen it failing to sufficiently import
other essential commodities including fuel and medical drugs.
<http://www.bulls.co.zw/> Read more >

Call to accelerate air connectivity   

The International Civil Aviation Organisation (ICAO) and World Tourism
Organisation (UNWTO) have called on the acceleration of African air
connectivity and improving its affordability as a key ingredient to boosting
the continent's tourism. The call was made during the ICAO/UNWTO Ministerial
Conference on Tourism and Air Transport in Africa which ends today having
started on Wednesday in Santa Maria, Sal Island, Cape Verde. The Conference
is in sync with the UN SDGs, to foster dialogue between aviation sector
players and governments on the continent in order to ease air travel on the
continent. <http://www.bulls.co.zw/> Read more >

Solar buses for Harare   

A Chinese company, China Nanchang Engineering, has approached Harare City
Council with a deal to supply 600 green energy (solar-powered) buses and
additional fixed and working capital to service routes in Greater Harare
Metropolitan. The project will include a central business district (CBD)
shuttle service and the Harare Urban Route will service all suburban routes.
It's divided into Norton, Southern, Eastern and Western suburbs.
<http://www.bulls.co.zw/> Read more >

Zim, Namibia to boost media ties   

Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa
has reaffirmed Government's commitment to strengthening ties with Namibia.
Minister Mutsvangwa, who is here to engage her counterpart  Stanely Simataa,
said the two countries need to consolidate their relations in media and
information exchange. The two ministers are scheduled to meet today to
discuss ways of strengthening existing cooperation agreements.
<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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