Bulls n Bears Investors Notebook Issue 251: 21 May 2019

Tue May 21 05:56:51 CAT 2019

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Bulls n Bears Investors Notebook Issue 251: 21 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

RBZ calls for efficient interbank market   

The Reserve Bank of Zimbabwe (RBZ) has directed banks to discontinue
twinning arrangements for their customers, with a view to promote efficient
functioning of interbank market and willing-buyer willing-seller practice in
trading of foreign currency. Banks will also now require prior foreign
exchange approval authority for all foreign payments that include dividend
and subscription fees, following indications some were dipping in clients'
funds for own obligations.  <http://www.bulls.co.zw/> Read more >

Cottco to introduce hybrid seed varieties   

THE Cotton Company of Zimbabwe is looking at introducing hybrid seed
varieties with high yield potential compared to current non-hybrid
varieties, in a development that will further boost the country's cotton
production, an official has said. The programme, which will be rolled out in
partnership with Quton, a local seed breeding firm, will see yield potential
of about 20-30 percent higher than non-hybrid seeds.
<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

Zim likely to lose CFTA market   

Zimbabwe is likely to lose out on the 1,2 billion strong market  provided
for by the  Continental Free Trade Area (CFTA), which generates over US$3,4
trillion gross domestic (GDP) product annually if it does not develop its
competitiveness in the global industry, senior trade officials have warned.
Addressing business leaders at a local sourcing for partnerships project
training and capacity building workshops for SMEs recently, director for
quality assurance in the Ministry of Industry and Commerce Angelica
Katuruza, said Zimbabwean trade is constrained by the inability to produce
competitive products that meet international requirements.
<http://www.bulls.co.zw/> Read more >

ZimTrade to hold tanners workshop   

TRADE development and promotion body, ZimTrade, will hold the Zimbabwe
Tanneries Workshop in Bulawayo from May 20-21 2019 in conjunction with PUM,
a Holland based organisation that specialises in giving technical assistance
in diverse entrepreneurial fields. The workshop intends to bring together
local tanners and other relevant stakeholders to deliberate on issues
upsetting the leather value chain. The leather sector globally is a
multi-billion dollar industry.  <http://www.bulls.co.zw/> Read more >

Ease of doing business reforms gather momentum   

Government's Ease of Doing Business reforms have recorded massive progress
which includes procedures for property registration being reduced from five
to four, the establishment of a credit registry, increase in the number of
small claims courts from two to 10, the establishment of four commercial
courts and a 41 percent reduction in compliance checkpoints at Beitbridge
Border Post.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Companies priced out of CBD   

HIGH rentals, parking fees and the poor state of some buildings are forcing
companies out of Harare's central business district (CBD), with 70 percent
of law firms now operating from medium and low-density suburbs near town.
Most firms have turned residential properties into offices, a development
that has seen businesses operating in the "home". Some firms legally
converted houses into commercial properties in terms of the city by-laws,
while a number of them are operating illegally without effecting change of
land use.  <http://www.bulls.co.zw/> Read more >

24 TV stations in the offing   

GOVERNMENT is working on licensing 24 television channels in line with the
vision of the new dispensation to increase access to information, Secretary
for Information, Publicity and Broadcasting Services Mr Nick Mangwana has
said. Speaking at a media stakeholders' meeting in Harare yesterday, Mr
Mangwana said the channels will be open for both public and private players,
while the Government was also considering increasing the threshold for
foreign ownership from the current 20 percent.  <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

Govt slashes Zupco fares   

Government has, with effect from today, slashed Zimbabwe United Passenger
Company (ZUPCO) bus fares by 50 percent, for both urban and rural trips, a
situation that will see urban travellers paying 50 cents from $1 for
distances within a 20km radius. A distance of up to 30km has now been pegged
at 75 cents, from $1,50 while the fare for a distance of up to 40km has been
reduced to $1 from $2.  <http://www.bulls.co.zw/> Read more >

Fuel procurement now via interbank rate   

GOVERNMENT has, with immediate effect, removed the 1:1 foreign currency
exchange rate for the procurement of fuel by Oil Marketing Companies (OMCs),
which will result in the interbank market being used. Reserve Bank of
Zimbabwe (RBZ) Governor Dr John Mangudya yesterday said the move sought to
promote the efficient use forex and to "minimise and guard against
incidences of arbitrage" in the economy. "The Reserve Bank of Zimbabwe is
pleased to advise the public that with effect from 21 May 2019, the
procurement of fuel by the Oil Marketing Companies (OMCs) shall be done
through the interbank foreign exchange market," said Dr Mangudya.
<http://www.bulls.co.zw/> Read more >

Second land audit on cards   

Government is expected to start rolling out the second phase of the national
agricultural land audit, which is expected to rationalise farm ownership and
sizes. Farmers, on the other hand, are expected to start using the revised
99-year lease as collateral to access funding from financial institutions.
This came out during the presentation of the ministerial statement on the
State of the Economy by Finance and Economic Development Minister Professor
Mthuli Ncube in Parliament on Wednesday last week.
<http://www.bulls.co.zw/> Read more >

'Transparency needed in energy sector'   

NEWLY appointed Energy and Power Development Minister Fortune Chasi, has
said an analysis on energy and power consumption patterns is critical in
bringing transparency towards addressing the prevailing electricity supply
gap and persistent fuel shortages. Declining water levels at Kariba
Hydropower Station, which is the major source of electricity in Zimbabwe, as
well as ageing equipment at the main thermal stations have resulted in a
drop in power supply, forcing the power utility, Zesa, to introduce a
10-hour load shedding schedule. The situation has been compounded by
prevailing foreign currency challenges that negatively affect importation of
power to meet demand.  <http://www.bulls.co.zw/> Read more >

Tourism sector targets 3 million visitors   

ZIMBABWE'S tourism sector is targeting to receive an ambitious three million
visitors by the end of this year compared to 2,5 million received in 2018,
riding on improved international sentiment and aggressive destination
marketing. The Zimbabwe Tourism Authority (ZTA) said this yesterday,
following the recent visit by a delegation of 343 Chinese tourists, which
arrived in the country last week on a four-day expedition that ended on
Sunday. The delegation had keen interest in exploring strategic alliances
and business opportunities in Zimbabwe.  <http://www.bulls.co.zw/> Read more
>

Stock Exchange embraces Blockchain technology   

BLOCKCHAIN technology can help enhance transparency, efficiency and grow
investor confidence in Zimbabwe's fledgling capital markets, experts say.
The technology, which underpins crypto-currencies like bitcoin, is
temper-proof. Its decentralised nature allows for financial transactions to
be traced throughout the payment process by anyone with a computer or
smartphone with internet connection. These characteristics have meant that
blockchain technology is now being adapted for use in several spheres
including the supply chain, banking, financial markets and even voting, to
curb fraud while improving transparency.  <http://www.bulls.co.zw/> Read
more >

Abattoirs rip off farmers   

ABATTOIRS have been accused of taking advantage of farmers to make huge
profits in the leather value chain by exporting hides with no gain to the
farmer. Zimbabwe Commercial Farmers Union vice president, Mr Winston
Babbage, yesterday said measures should be put in place to ensure farmers
benefit from the sale of hides from their beasts. He was speaking on the
sidelines of the ongoing tanneries workshop hosted by ZimTrade in
conjunction with PUM from Netherlands at a hotel in Bulawayo.
<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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