Bulls n Bears Investors Notebook Issue 255: 27 May 2019

Mon May 27 05:21:39 CAT 2019

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Bulls n Bears Investors Notebook Issue 255: 27 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

RioZim inks US$200m solar deal   

Zimbabwe Stock Exchange (ZSE) listed resources group, RioZim Limited, has
signed a US$200 million agreement with Chinese infrastructure development
company, China Gezhouba Group International Engineering Corporation (CGGC),
for the construction of solar power plants with combined output of 178
megawatts.  <http://www.bulls.co.zw/> Read more >

New board pledges to clean up Zinara   

The new Zimbabwe National Roads Authority (Zinara) board says it will review
the contract given to private software firm Univern Enterprises amid
allegations of corruption and inefficiency. <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

Features of the secondary market   

The secondary market is where securities issued in the primary market are
traded. Most securities trading occurs on the secondary market, which
provides a liquid, safe and readily available platform for investors to
re-sell securities. <http://www.bulls.co.zw/> Read more >

ED opens US$10m tile, bricks plant   

President Mnangagwa is today set to officially commission the US$10 million
brick and tile manufacturing plant at Sino Zimbabwe Cement Company (SZCC) on
the outskirts of Gweru. Midlands Provincial Affairs Minister Senator Larry
Mavima confirmed the scheduled commissioning of the plant last night.
<http://www.bulls.co.zw/> Read more >

AfCFTA to boost economy: SB Moyo   

Foreign Affairs and International Trade Minister Dr Sibusiso Moyo says
operationalisation of African Continental Free Trade Area Agreement (AfCFTA)
will help grow the country's economy. Dr Moyo said this last Friday, in a
speech read on his behalf by Higher and Tertiary Education, Science and
Technology Development Minister Professor Amon Murwira, during African
diplomats' celebration of Africa Day. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Italian investor for Cotton Printers and Nat Blankets   

AN INVESTOR from Italy has shown interest in investing in National Blankets
and Cotton Printers, two of Bulawayo's textile giants that have not been
operating for years, a Minister has said. Speaking at senior citizens day
organised by the Seventh Day Adventist church at the Small City Hall in
Bulawayo last week, Minister of State for Bulawayo Provincial Affairs Judith
Ncube said the investor visited her office recently and modalities are
already being worked out to resuscitate the two companies.
<http://www.bulls.co.zw/> Read more >

One million small scale miners not registered   

GOVERNMENT has called on small-sale miners to register their operations to
enable planning and coordination so that they have full access to resources
and services that will effectively boost their operations.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Masters Diapers deal falls through   

THE proposed US$2 million diaper manufacturing plant in Bulawayo has fallen
through due to failure to secure an undisclosed amount of foreign currency
to import raw materials. Masters Diapers Zimbabwe director Mr Nigam Desai,
whose envisaged project was the first of its kind in the city, told Business
Chronicle last week that they would this week start working on paper work to
repatriate machines. <http://www.bulls.co.zw/> Read more >

Uncertainty in 8 countries over Choppies boardroom war   

A BITTER boardroom battle for the control of one of Botswana's most
prestigious companies, Choppies Enterprises Limited is being waged in
Gaborone - and is reverberating through eight sub-Saharan Africa countries.
At its heart is a battle for control of Choppies Enterprises Ltd, an
investment holding company listed, but presently suspended, on both Botswana
Stock Exchange (BSE) and the Johannesburg Stock Exchange (JSE).
<http://www.bulls.co.zw/> Read more >

Gold miners, Pablo's sign pact   

ZIMBABWE Miners' Federation (ZMF) has entered into a public private
partnership agreement with Pablo's Investments to establish a gold milling
centre in Shurugwi at a cost of $1 million. The milling plant is set to
benefit thousands of small-scale miners from the mining town and will see
them accessing various machines such as compressors, generators, pumps,
explosives and jack hammers amongst others free of charge.
<http://www.bulls.co.zw/> Read more >

Cassava eyes on-demand business boom   

LISTED technology driven concern, Cassava Smartech Zimbabwe says its growing
on-demand business is set for a boost with the coming on stream of
fully-fledged logistics services. The giant firm's chief executive officer,
Mr Eddie Chibi in a statement last week said, Cassava On Demand, which over
the past six months has been offering Vaya Mobility services, had started
rolling out Vaya Logistics services in earnest and was bullish over their
prospects. <http://www.bulls.co.zw/> Read more >

Zimbabwe frustrates Chinese investors

ZIMBABWE must improve its business environment if it is to receive any
meaningful investment from China, a senior diplomat has said. Following
years of condemnation by international financiers and Western governments
for gross human rights violations and failure to pay debts, Zimbabwe turned
to the Asian giant, which doled out billions in loans to Harare in exchange
for unchecked access to the country's vast mineral wealth.
<http://www.bulls.co.zw/> Read more >

New forex rules in the pipeline   

Zimbabwe has enough foreign currency for businesses to meet their foreign
payments if the interbank starts operating efficiently, Secretary for
Finance and Economic Development Mr George Guvamatanga has said. He said
Zimbabwe was generating over US$1,2 billion per year in export proceeds,
which should be enough to oil the operations companies if taken to the
interbank market.  <http://www.bulls.co.zw/> Read more >

US$120m tiles plant takes off   

A US$120 million tile manufacturing plant near Norton has gone full steam
ahead, barely eight months after management got the nod to set up base
locally. Sunny Yi Feng Tiles (Zimbabwe) is already operating three factories
that are making tiles, printing cardboard boxes for packaging the tiles and
logistical support, covering up to 75 percent of its capacity and is
expected to reach full production soon.  <http://www.bulls.co.zw/> Read more
>

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

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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