Bulls n Bears Investors Notebook Issue 247: 15 May 2019

Wed May 15 13:30:54 CAT 2019

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Bulls n Bears Investors Notebook Issue 247: 15 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

UK beef giant takes over CSC   

CABINET has approved a joint venture between the Cold Storage Company (CSC)
and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the
investor injecting US$130 million into the meat processing firm. This was
said by Information, Publicity and Broadcasting Services Minister Monica
Mutsvangwa during a post- Cabinet Press briefing yesterday.
<http://www.bulls.co.zw/> Read more >

ED commissions $62m smelter tomorrow   

Unki Mine's $62 million platinum smelting plant is now complete and is
scheduled to be commissioned by President Mnangagwa tomorrow. Construction
work started in 2016 as the company heeded Government's beneficiation call.
Unki Mine general manager Mr Walter Nemasasi confirmed the commissioning of
the plant tomorrow, but could not be drawn into giving much details, saying
they were busy preparing for the event.  <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

Lafarge assures President of more investment   

A top LafargeHolcim official, Mr Miljan Gutovic, has reassured President
Mnangagwa that his company will continue investing in Zimbabwe, riding on a
vastly improved macro-economic environment created by the short-term
economic blueprint, the Transitional Stabilisation Programme (TSP). Mr
Gutovic, the regional head for Middle East and Africa and member of the
group executive committee of LafargeHolcim, said this when he came to Harare
on a two-day working visit to Lafarge Cement Zimbabwe from May 6-7.
<http://www.bulls.co.zw/> Read more >

Joram Gumbo moved from Energy Ministry   

President Mnangagwa has appointed Transport and Infrastructural Development
Deputy Minister Fortune Chasi as the new Minister of Energy and Power
Development, replacing Minister Joram Gumbo, who has been appointed Minister
of State for Presidential Affairs in charge of Implementation and
Monitoring. The President also appointed Engineer Mackenzie Ncube as the new
chairman of the National Oil Infrastructure Company (NOIC) board.
<http://www.bulls.co.zw/> Read more >

New Pensions Bill on the cards   

FINANCE and Economic Development Minister, Professor Mthuli Ncube, is
expected to address a high level pensions indaba in Victoria Falls tomorrow
where he will share insights on critical issues relating to retirement
savings and economic development.  The gathering comes at a time when
legislators are warming up for a new Pensions Bill, which seeks to tighten
enforcement of compensation of pensioners after it emerged that most workers
were being ripped off following demonetisation of the Zimbabwean dollar in
2009.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Gold miners incentive scheme   

GOVERNMENT has introduced a gold support price aimed at addressing
production challenges affecting miners and increasing formal deliveries of
the yellow metal.  The incentive has been introduced through the Reserve
Bank of Zimbabwe's subsidiary, Fidelity Printers and Refiners, the country's
sole gold buyer. According to ZBCtv, Mines and Mining Development Minister
Winston Chitando on Monday said the new gold support price was a reflection
of the Government's commitment to providing incentives to productive sectors
that have potential of facilitating economic growth.
<http://www.bulls.co.zw/> Read more >

Provinces told to come up with economic projections   

Provinces and local authorities should come up with their own statistics and
economic projections that will be used to benchmark resource allocation as
Governments implements devolution, an expert has said. President Mnangagwa's
Government is taking devolution seriously as it is convinced the strategy
will fast track development especially of marginalised areas.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Companies urged to offer quality services   

ZIMBABWEAN firms should produce goods and services that meet international
standards in order to be competitive on the global market, Energy and Power
Development Minister, Dr Joram Gumbo, has said. Minister Gumbo said this
while addressing delegates at the ZUVA Petroleum treble ISO Certification
ceremony held in the capital last Friday. ZUVA Petroleum achieved three
International Standards Organisation certifications from the British
Standards Institution (BSI), becoming the first company in the energy sector
to attain such an achievement at one go.  <http://www.bulls.co.zw/> Read
more >

Women to benefit from AfDB $61,8m loan facility   

WOMEN entrepreneurs in Zimbabwe are set to benefit from a $61,8 million
facility secured by the African Development Bank (AfDB) towards assisting
African women in their respective income generating projects. The AfDB
revealed that the Governing Committee of the Women Entrepreneurs Finance
Initiative (We-Fi) has approved the funding allocation, which the regional
bank would use to advance its 'affirmative finance action for women in
Africa programme'.  <http://www.bulls.co.zw/> Read more >

Standard Bank Group Partners with Microsoft to Accelerate Digital
Transformation

Stanbic Bank's parent company, Standard Bank Group and Microsoft recently
announced a new strategic partnership that will help to transform the bank's
technology estate and internal

corporate functions.  <http://www.bulls.co.zw/> Read more >

Call to ban crude tar, scrap metal exports

THE Confederation of Zimbabwe Industries (CZI) Midlands Chapter has appealed
to Government to ban exportation of crude tar and scrap metals for the
benefit of the local industry, which is.
<http://www.bulls.co.zw/2019/05/14/call-to-ban-crude-tar-scrap-metal-exports
/> Read more >

Import substitution answer to foreign currency problem

THERE is a need to speed up industry revival efforts to restore adequate
domestic consumption that will ease pressure on foreign currency
requirements and stabilise the economy, economic experts have.
<http://www.bulls.co.zw/2019/05/14/import-substitution-answer-to-foreign-cur
rency-problem/> Read more >

Business, homes urged to turn to renewable energy

INDUSTRIALISTS have called on the business sector and individuals to adopt
renewable energy sources as a long-term solution to the country's power
shortages. Power utility, Zesa Holdings last week started.
<http://www.bulls.co.zw/2019/05/14/business-homes-urged-to-turn-to-renewable
-energy/> 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

NMB

AGM

Head Office, 4th Floor, Unity Court

23 May 2019 , 3pm

Africa Day

25 May 2019

Dairibord

AGM

Steward Room, Meikles

31 May 2019, 12pm

Lafarge

AGM

Manresa Club, Arcturus

05 June 2019 , 12pm

CBZ

AGM

Stewart Room, Meikles

05 June 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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