Bulls n Bears Investors Notebook Issue 243: 07 May 2019

Tue May 7 09:40:29 CAT 2019

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Bulls n Bears Investors Notebook Issue 243: 07 May 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

Mining fees still to be reviewed

MINES minister Winston Chitando has disclosed that government has not yet
increased statutory mining fees, but was in the process of reviewing them.
"The long and short of it is mining fees have not been increased. There is a
proposal discussion within the Mines ministry to review the mining fees but
the process has not even taken off in terms of consultation within the
ministry and government," Chitando told a Press conference in Bulawayo
yesterday.  <http://www.bulls.co.zw/> Read more >

Hwange widens after-tax loss by 80%

STRUGGLING coal miner, Hwange, widened its after-tax loss by 80% to US$78,4
million in the year ended December 31, 2018, down from US$43,8 million in
the previous year as the company failed to meet market demand and contain
rising input costs. The company was placed under reconstruction last year.
<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

C-TRADE to host investors' conference

INVESTORS are the back-bone of any capital market. They not only determine
the level of activity in the capital market but also inform the level of
activity in the economy. It is imperative for the healthy growth of the
economy that investors' confidence in the market is maintained. There exists
a need to cultivate investor knowledge in the marketplace by ensuring an
understanding of the investing public in the rights and obligations of the
investors and the companies in which they invest.  <http://www.bulls.co.zw/>
Read more >

Mugabe dairy firm sings the blues

ALPHA Omega Dairy, a company owned by former President Robert Mugabe is
singing the blues with operations at below capacity and low uptake of its
products in the market. The former Zanu PF strongman was pushed out by the
military and his party to resign from the presidency in 2017 after 37 years
in power. The company's southern region sales executive Cassim Asani told
NewsDay that the uptake of their products in supermarkets was very low.
<http://www.bulls.co.zw/> Read more >

US$ pricing bolsters Simbisa expansion drive

SIMBISA Brands' US dollar pricing model is now servicing its monthly US$1
million demand for raw materials bill which has upped the company's initial
capital expenditure to $15 million on 20 more outlets, NewsDay has learnt.
In February, Simbisa announced it would invest about $10 million setting up
21 new outlets, with the company opening a Nando's branch last Friday in
Harare central business district at a cost of US$675 000.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

'Bad deals raise Govt liabilities'   

Individuals with the right skills should be involved in the negotiations for
deals or loans as badly negotiated deals are giving Treasury long-term
accounting problems, Finance and Economic Development permanent secretary
George Guvamatanga has said. "A critical problem is inadequate legal
coverage of contingent liabilities. In most cases it is limited to some
aspects of explicit contingent liabilities for example loan guarantees.
<http://www.bulls.co.zw/> Read more >

Hwange loss widens despite revenue jump   

HWANGE Colliery Company Limited (HCCL) recorded a 27 percent jump in revenue
to US$69 million driven by firm sales volumes, despite widening losses for
the year to December 31, 2018. The coal miner's sales volumes jumped 25
percent, closing the year at 1,5 million tonnes to generate US$69 million.
However, the performance was way below a budget of 3,5 million tonnes.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

ICT infrastructure deployment vital: Kazembe   

The deployment of Information and Communications technology (ICT)
infrastructure is a key priority on the nation's agenda and the realisation
of Zimbabwe's Vision 2030, as the country moves towards 100 percent network
coverage, a senior Government official has said. Zimbabwe envisions an upper
middle-income economy by 2030, which should be achieved through
implementation of the Transitional Stabilisation Programme (TSP). In light
of this, ICT is also seen as a key enabler in the economic turnaround
strategy where it should be used to provide solutions to everyday challenges
and help improve productivity in all sectors of the economy.
<http://www.bulls.co.zw/> Read more >

'Forex shortage stalls digitisation'   

An acute shortage of foreign currency is slowing down Government' efforts to
implement the digitisation initiative that is set to grow the country's
broadcasting services, Information, Publicity and Broadcasting Services
Minister Monica Mutsvangwa has said. Zimbabwe needs at least US$138 million
to complete the migration from analogue to digital broadcasting.
<http://www.bulls.co.zw/> Read more >

'Local currency talks gain momentum'   

PROMINENT industrialist and Presidential Advisory Council (PAC) member, Mr
Busisa Moyo, has pleaded with Zimbabweans to have confidence in the ongoing
processes of resolving prevailing currency distortions. Government and the
private sector are agreed on the need to address the currency challenges on
the back of a public outcry over recent price increases that are largely
fuelled by speculative parallel exchange rates.  <http://www.bulls.co.zw/>
Read more >

Mega housing project for Gweru   

GWERU-based property investment company, Greynut Investments, has partnered
with FBC Micro Plan and National Building Society (NBS) to roll out a
multimillion dollar housing scheme at Bucks farm, along Lower Gweru Road.
Greynut Investments now has a special tailor made facility with FBC Micro
Plan to finance land purchase and mortgage facility while NBS is expected to
cover house construction for home seekers in the low to middle income
category like civil servants.   <http://www.bulls.co.zw/> Read more >

Sanctions cripple commercial business growth in Zimbabwe   

THE sanctions imposed on Zimbabwe by the West and its allies continue to
frustrate the country's efforts to achieve meaningful investment due to
negative destination perception, prominent economist and former Government
advisor, Professor Ashok Chakravarti, has said.  Western countries have
maintained economic sanctions on Zimbabwe since early 2000s when the country
embarked on the land reform programme.   <http://www.bulls.co.zw/> Read more
>

CZI to hold elections   

THE Confederation of Zimbabwe Industries (CZI) Midlands Chapter says it will
hold elections for the new leadership in Gweru tomorrow. In an interview,
outgoing CZI Midlands Chamber president, Mr Mike Dzinoreva said the chapter
will elect a new president and his two deputies. "We have a 15-member
executive committee that will participate in the elections," he said.
<http://www.bulls.co.zw/> Read more >

Cabinet okays provision of forex for basic goods

Cabinet has resolved to avail foreign currency to manufacturers of basic
goods for the acquisition of raw materials so as to arrest the unjustified
price increases obtaining in the country..
<http://www.bulls.co.zw/2019/05/02/cabinet-okays-provision-of-forex-for-basi
c-goods/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Old Mutual Zimbabwe 

AGM

Mirabelle Room, Meikles

09 May 2019  3PM

REST OF AFRICA

Counters Trading Under Cautionary

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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