Bulls n Bears Investors Notebook Issue 252: 22 May 2019

Wed May 22 13:09:03 CAT 2019

 <http://www.bulls.co.zw/> Bulls.co.zw        <mailto:bulls at bulls.co.zw>
Views & Comments        <http://www.bulls.co.zw/blog> Bullish Thoughts
<http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook Issue 252: 22 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

Govt Slashes Import Duty On Fuel After Hiking Prices

The government has moved to prevent an acute rise in the price of fuel by
reducing the import duty on both petrol and diesel. The duty for petrol has
been reduced from $2.30 to $1.15 while that for diesel has been slashed from
$2.05 to 90 cents. In a statement on Tuesday, the Ministry of Information
said:  <http://www.bulls.co.zw/> Read more >

Zimbabwe hikes fuel prices again; new currency slides

HARARE (Reuters) - Zimbabwe hiked fuel prices by around half on Tuesday, the
second sharp rise in four months, a day after the central bank effectively
removed a subsidy by ending oil  importers' access to U.S. dollars at a
favourable rate. The fuel price rise, likely to push up the country's
soaring inflation rate, was accompanied by a plunge in the country's RTGS
dollar - which posted its biggest one-day fall against the U.S. dollar on
the interbank market.  <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

AirZim Expecting Two Boeing 777-200 ER Planes To Arrive

Transport and Infrastructure Development Minister Joel Biggie Matiza has
said that two out of the four Boeing 777-200 ER planes purchased by the
government from Malaysia are expected in the country within two months. His
remarks came after the Portfolio Committee on Transport and Infrastructure
Development had demanded information on the four passenger planes bought by
Government from Malaysia. Matiza said: <http://www.bulls.co.zw/> Read more >

'Interbank rate for fuel long overdue'   

The upward review of fuel prices by the Zimbabwe Energy Regulatory Authority
(ZERA) with immediate effect, has elicited mixed reactions, but economists
agree that while the move was inflationary, the decision was long overdue.
ZERA reviewed fuel prices in line with the new foreign currency procurement
by Oil Marketing Companies (OMCs) for fuel imports, which is now done
through the interbank market at the ruling exchange rate.
<http://www.bulls.co.zw/> Read more >

Forex shortages hamper BOC project   

BOC Gases (Zimbabwe)'s plans to construct a carbon dioxide factory at Green
Fuel Ethanol plant in Chisumbanje remains much alive, but this may take
longer due to foreign currency shortages, according to its managing director
Mr Edson Padya. About US$20 million is needed to construct the plant to
purify carbon dioxide, a by-product in ethanol production, which can then be
used in the production of beverages. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Vision 2030 should be anchored on value added exports   

FOR many years Zimbabwe's export earnings have been dominated by raw
commodities from primary industries such as mining and agriculture. History
has shown that increasing raw output from these sectors outside of domestic
value addition has not made much impact in terms of real economic
transformation and job creation. Primary industries remain vulnerable to the
vagaries of the volatile international market, which always does not favour
raw commodity producers.  <http://www.bulls.co.zw/> Read more >

Zimnat offers small business affordable loans   

Zimnat looks for opportunities to support, inspire, reward and collaborate
with entrepreneurs by offering them affordable loans At Zimnat we have a
clear purpose: To make life better. Sustainable living should be commonplace
for everyone. We look for opportunities to support, inspire, reward and
collaborate with entrepreneurs. We call them change-makers, innovators who
are the future of sustainable growth. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zupco goes cashless   

THE Zimbabwe United Passenger Company (Zupco) yesterday introduced a
convenient electronic ticketing system that will ease transactions and plug
cash leakages from the public transport operator. The electronic ticketing
system - which is in the form of a "tap-and-go" card - also seeks to
increase revenue collection and efficiency. President Mnangagwa recently
commissioned 39 of the first 300 buses which the Government has secured as
part of measures to ease the plight of commuters who are being ripped off by
private operators. <http://www.bulls.co.zw/> Read more >

Govt gives looted companies $10m   

Government has disbursed $10 million into the Emergency Business Relief Fund
established to help companies that were looted and destroyed by MDC-Alliance
thugs in January. Already, over $4,9 million has been released to allow
victims of the attacks to restock to resume operations, making good of
President Mnangagwa's Government's promise to rescue business operators
whose enterprises were ruined by the violent protests. 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 >

Zamco ready to bail out Merlin   

THE Zimbabwe Asset Management Company (Zamco) says it is ready to disburse a
$5 million recapitalisation facility to Merlin once the company is handed
over to its shareholders by the judicial manager. Towards the end of last
year, the High Court in Bulawayo ruled that Merlin (Private) Limited, whose
judicial manager was Mr Cecil Madondo of Tudor House Consultants, was a
fictitious and non-existent company that does not in any way affect the
status of Merspin Limited. <http://www.bulls.co.zw/> Read more >

Millers pledge to protect consumers   

GRAIN milling companies have pledged to protect consumers from unjustified
price increases through establishment of a monitoring mechanism on the sale
of their products. Grain Millers Association (GMAZ) head of ethics and
compliance committee, Mr Alvin Muparutsa, said millers had set up a joint
national price monitoring programme with the Confederation of Zimbabwe
Retailers to protect consumers. <http://www.bulls.co.zw/> Read more >

Government registers 600+ cooperatives   

THE Ministry of Women Affairs, Gender and Community Development has to date
registered 600 cooperatives in its data base with a membership of over three
million people under the sector countrywide. Women Affairs Minister, Dr
Sithembiso Nyoni, revealed this during an AFM Church's royal queen
conference at Chatsworth in Gutu, an event that was also graced by First
Lady, Auxillia Mnangagwa.  <http://www.bulls.co.zw/> Read more >

Vision 2030 should be anchored on value added exports   

FOR many years Zimbabwe's export earnings have been dominated by raw
commodities from primary industries such as mining and agriculture. History
has shown that increasing raw output from these sectors outside of domestic
value addition has not made much impact in terms of real economic
transformation and job creation.  Primary industries remain vulnerable to
the volatile international market, which always does not favour raw
commodity producers.   <http://www.bulls.co.zw/> Read more >

Leather sector urged to invest towards meeting international standards   

ZIMBABWE's leather sector stands to reap more export proceeds for the
economy if the sector invests towards meeting international standards, an
official has said. Netherlands leather expert and business consultant, Mr
Hans Akkerman, told delegates who attended a two-day leather industry
seminar that ended in Bulawayo yesterday that the local leather value chain
has huge potential to contribute to the country's economy if it manages to
grow its export base.  <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 

Telephone:      <tel:%2B263%204%202927658> +263 4 2927658

Cellphone:      <tel:%2B263%2077%20344%201674> +263 77 344 1674

Alt. Email:       <mailto:info at bulls.co.zw> info at bulls.co.zw  

Website:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AF
QjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ> www.bulls.co.zw 

Blog:
<http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1
&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw> www.bulls.co.zw/blog

Twitter:         @bullsbears2010

LinkedIn:       Bulls n Bears Zimbabwe

Facebook:
<http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimba
bwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA>
www.facebook.com/BullsBearsZimbabwe

Skype:         Bulls.Bears 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190522/8fd425fc/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 29401 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190522/8fd425fc/attachment-0003.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 29134 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190522/8fd425fc/attachment-0004.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 4846 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20190522/8fd425fc/attachment-0005.jpg>