Bulls n Bears Investors Notebook Issue 245: 10 May 2019

Fri May 10 11:28:32 CAT 2019

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Bulls n Bears Investors Notebook Issue 245: 10 May 2019

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Old Mutual Zimbabwe 

AGM

Mirabelle Room, Meikles

09 May 2019  3PM

Quotable Quote:

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

ZTA opens office in China, fishes for more visitors

The Zimbabwe Tourism Authority (ZTA) has opened an office in China as part
of its drive to increase the number of visitors travelling from that region
to the country. "This initiative comes at an opportune time when Zimbabwe is
really looking at intensifying its marketing efforts in major source markets
like China, which is in line with the Vision 2030: National Tourism Recovery
and Growth Strategy. This tourism project illustrates efforts that will go a
long towards doubling tourists to Zimbabwe from China in the near future,"
Environment, Tourism and Hospitality Industry minister Priscah Mupfumira
said.  <http://www.bulls.co.zw/> Read more >

New law makes procurement officers more accountable

The Procurement Regulatory Authority of Zimbabwe (Praz) has put in place new
provisions for procurement officers to make them more answerable and
transparent in carrying out their duties. The new rules, which include a
code of conduct, were introduced in Praz Circular Number 6, dated May 3,
2019, which will now require procurement officers to submit a signed
undertaking to commit to given ethics. <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

Buy Zimbabwe intensifies buy-local campaign

Buy Zimbabwe says it will on Friday launch a national awareness programme
emphasising the need for consumption of locally-made products to boost
industry's production capacity and eventually bring down the country's
import bill. Zimbabweans are grappling with the ever-increasing cost of
goods, most of them imported as companies increase costs to try and hedge
against losses, including a falling RTGS dollar in order to restock.
<http://www.bulls.co.zw/> Read more >

Chloride aims to double battery production

Battery manufacturer, Chloride, says it is planning to expand its smelting
plant to nearly double the firm's manufacturing capacity. With its current
smelter, Chloride produces 35 000 batteries monthly and the new capacity
will take its output to 50 000 units. The company's operations manager,
Edwin Makhaza told NewsDay Business yesterday that Chloride would make use
of its export earnings as well as internal reserves to finance the project.
<http://www.bulls.co.zw/> Read more >

Miners equipment maker pleads for govt support

SHEPCO Industrial Supplies, a division of Shepco Group, has pleaded with
government to support it in terms of raw materials so that it can boost the
small-scale miners' production, an official has said. Shepco Group chief
executive Shepherd Chawira told NewsDay that given enough support, the
company could help the small-scale miners ramp up production.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Broad money supply jumps 30,64%

ZIMBABWE'S annual broad money supply increased by 30% to $9,85 billion in
January, down from $7,54 billion last year, despite efforts by government to
keep a lid on money supply in order to lower inflationary pressures in the
market. The Reserve Bank of Zimbabwe (RBZ) noted in its January 2019
economic review that annual broad money supply growth increased by 5,56%
points to 30,64% in January 2019, from 28,05% in January 2018.
<http://www.bulls.co.zw/> Read more >

ZB Bank set to expand loan book

ZB Bank says its loan book is sitting at around $130 million for all sectors
and was aggressively looking at lending to the agricultural sector with
focus on products with export potential. The bank's chief executive, Ron
Mutandagayi, told NewsDay recently that they were looking forward to
expanding their loan book.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Rebate of Duty on goods imported for religious purposes

The Customs and Excise (General) Regulations, as published Statutory
Instrument 154 of 2001 section 127, provides for a rebate of duty for goods
imported for religious purposes by religious organisations.  This means that
such goods imported by a religious organisation enjoy duty free and Value
Added Tax (VAT) free concessions.  <http://www.bulls.co.zw/> Read more >

Expect exchange rate convergence by July: RBZ

CENTRAL bank governor Dr John Mangudya has said he expects the official and
black-market exchange rates to converge within two months, as the reference
RTGS dollar extended its decline against the US dollar to almost 25 percent.
Zimbabwe began formal forex trading of the RTGS dollars in February this
year through a newly created interbank market.  <http://www.bulls.co.zw/>
Read more >

Govt ready to support private sector: Modi

Government will always stand ready to support the private sector in
improving productivity, job creation and improved incomes in the country,
Industry and Commerce Deputy Minister Raj Modi has said. He said this while
on tour of an Art Corporation Limited division, Chloride Zimbabwe, which is
seeking government's intervention on regulation of exports of scrap and old
batteries.  <http://www.bulls.co.zw/> Read more >

African Sun opens up on Legacy deal

Zimbabwe Stock Exchange-listed entity African Sun said the recently
terminated deal it had with Legacy Hospitality Management Services Limited
(Legacy) was just a management contract and did not require the latter
putting money into the business. Speaking on the deal, African Sun said the
market had a wrong impression that Legacy had planned to invest US$60
million towards refurbishing African Sun Hotels.  <http://www.bulls.co.zw/>
Read more >

Potraz targets marginalised communities

Zimbabwe's telecommunications regulator, the Postal and Telecommunications
Regulatory Authority of Zimbabwe (Potraz) is targeting formerly marginalised
communities with information and communications technology (ICT) products to
enhance their participation in the economy in line with universal access.
The authority has identified people living with disabilities as
beneficiaries of the programme that seeks to enhance their access to ICT
products and services for education, research and increase productivity in
their economic activities.  <http://www.bulls.co.zw/> Read more >

Fruit exports surge

Zimbabwe's horticulture exports surged as the country's trade deficit shrank
by 90 percent in February 2019 compared to the same period last year.
According to statistics from ZimStat, the country's trade deficit decreased
significantly from US$228 million in February 2018 to just US$22 million in
February 2019 and prospects for an equilibrium appear on the horizon.
<http://www.bulls.co.zw/> Read more >

TIMB still hopeful of beating tobacco target

The Tobacco Industry and Marketing Board (TIMB) is adamant tobacco
deliveries could still breach this year's target of 240-260 million
kilogrammes despite sales from March to date trailing last season's numbers
by 36 percent for the same period. A dip in production or deliveries of the
golden leaf is a cause for concern for Zimbabwe considering that tobacco,
which last year generated nearly US$1billion, is the country's second single
largest foreign currency earner, after gold.  <http://www.bulls.co.zw/> 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.

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