Bulls n Bears Investors Notebook Issue 245: 13 May 2019

Mon May 13 09:30:59 CAT 2019

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Bulls n Bears Investors Notebook Issue 245: 13 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

Zimbabwe earns US$2,7 from elephant sales

GOVERNMENT earned about US$2,7 million after exporting 97 elephants to China
and Dubai, a Cabinet Minister said. Environment, Tourism and Hospitality
Industry Minister Priscah Mupfumira said the Zimbabwe Parks and.
<http://www.bulls.co.zw/2019/05/13/zimbabwe-earns-us27-from-elephant-sales/>
Read more >

Big strides in parastatal reforms

GOVERNMENT has recorded considerable progress in reforming State-Owned
Enterprises (SOEs) in recent months, with the demerger of the Grain
Marketing Board now complete while Cabinet approvals have been obtained for.
<http://www.bulls.co.zw/2019/05/13/big-strides-in-parastatal-reforms/> Read
more >

 <http://www.firstmutualproperties.co.zw/> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

Doctors Renew Feud With Govt, Demand Salaries In US Dollars

The Zimbabwe Hospital Doctors Association (ZHDA) has written to the Health
Services Board (HSB) registering doctor's grievances regarding conditions of
service, and the tragic conditions that they are working under.
<http://www.bulls.co.zw/2019/05/13/doctors-renew-feud-with-govt-demand-salar
ies-in-us-dollars/> Read more >

Medicines sector under seige from fortune hunters

The pharmaceutical sector in Zimbabwe has been besieged by shrewd business
people without medical background who have seen the industry as an Eldorado
to mine super profits at the expense.
<http://www.bulls.co.zw/2019/05/13/medicines-sector-under-seige-from-fortune
-hunters/> Read more >

ED takes charge of devolution

President Mnangagwa has become the first President in the history of the
country to assume the chairmanship of two Cabinet committees - Finance and
Economic Affairs and Devolution - because.
<http://www.bulls.co.zw/2019/05/13/ed-takes-charge-of-devolution/> Read more
>

 <mailto:info at bulls.co.zw> 

Southern Africa talks tough on ivory trade

Ten years after wildlife watchdog CITES forced a ban on commercial ivory
sales, elephant range states in Southern Africa have grown increasingly
impatient and their willingness to keep up their.
<http://www.bulls.co.zw/2019/05/13/southern-africa-talks-tough-on-ivory-trad
e/> Read more >

Inflation to retreat: Economist

Renowned economist and Africa Economic Development Studies (AEDS) executive
director Dr Gift Mugano has predicted a decline in inflation as the year
progresses towards mid-year owing to slackening demand due.
<http://www.bulls.co.zw/2019/05/13/inflation-to-retreat-economist/> Read
more >

 <mailto:info at bulls.co.zw> 

IDC spins off WMI, Deven

State-controlled Industrial Development Corporation (IDC) has started the
process to dispose of its controlling shareholding in struggling automobile
firms, Willovale Motor Industries (WMI) and Deven Engineering, as
Government's parastatal and.
<http://www.bulls.co.zw/2019/05/13/idc-spins-off-wmi-deven/> Read more >

Cottco moots setting up own farms

The Cotton Company of Zimbabwe intends to start developing own commercial
farms, targeting at least 100 000 hectares across the country to anchor
production and support cotton value chains, managing.
<http://www.bulls.co.zw/2019/05/13/cottco-moots-setting-up-own-farms/> Read
more >

Interbank forex fails to meet demand

Zimbabwe's industry remains trapped in the throes of critical foreign
currency shortage amid revelations only US$85 million has been traded on the
interbank foreign exchange market since the Reserve Bank of Zimbabwe
introduced the platform in February this year. A central bank official said
the apex bank was happy about the amount of foreign currency traded on the
interbank market since its inception just over two months ago, despite the
figures being unable to meet the huge appetite of domestic industry.
<http://www.bulls.co.zw/> Read more >

Agribank clinches John Deere deal. . . details being thrashed   

AGRIBANK has been selected as the agent of John Deere, which is keen to
avail up to US$50 million to fund the modernisation of local agriculture to
ensure high yields and food security. The agriculture financing institution
is now working with Government to thrash finer details of the deal. John
Deere, a globally renowned agriculture, construction and heavy duty
equipment manufacturer, dispatched its head honchos to Harare in February
and met Government officials and discussed a number of issues designed to
improve agriculture productivity in the country.  <http://www.bulls.co.zw/>
Read more >

Zim engages Belarus over agric equipment   

HARARE - Government says it is in negotiations with Belarus for the supply
of 3 000 farming implements including combine harvesters and irrigation
equipment, as it is moving to boost local wheat production. Zimbabwe last
year produced about 135 000 tonnes of wheat against an annual requirement of
400 000 tonnes per year and farmers have blamed the subdued agricultural
performance on the lack of adequate irrigation supplies as well as combine
harvesters.   <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

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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