Bulls n Bears Investors Notebook Issue 350: 10 October 2019

Thu Oct 10 07:53:24 CAT 2019

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Bulls n Bears Investors Notebook Issue 350: 10 October 2019

 <http://bit.ly/2Zk0RT0> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

Telecel subscriber base down 5 % amid CEO's incompetence allegations

TELECEL Zimbabwe's subscriber base has dwindled 5 %, a Postal
Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) sector
performance released Friday showed. The revelations come amid allegations
that the company's chief executive officer Angeline Vere is failing to set a
recovery trajectory.
<http://www.bulls.co.zw/2019/10/10/telecel-subscriber-base-down-5-amid-ceos-
incompetence-allegations/> Read more > 

Cottco pays off Zamco's $56m debt   

THE Cotton Company of Zimbabwe (Cottco) has paid off its $56 million debt to
Zimbabwe Asset Management Company (Zamco), effectively setting aside
prospects for debt to equity swap.Cottco is one of the companies whose debt
was taken over by Zamco, a special purpose vehicle created by the Reserve
Bank of Zimbabwe to rescue debt ridden local firms and to hive off bad loans
that were threatening the stability of banks.
<http://www.bulls.co.zw/2019/10/10/cottco-pays-off-zamcos-56m-debt/> Read
more >

 <mailto:info at bulls.co.zw> 

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

OneMoney grows 97pc   

NETONE'S mobile money transfer service, OneMoney has grown by 97 percent in
the three months ending September 30, 2019, driven by unique offerings
including OnePay, a bulk payment facility, an official has said. Active
subscribers grew from 215 000 to 425 000 in the period under review. NetOne
head of public relations Dr Eldrette Shereni told The Herald Finance and
Business that OnePay has provided relief to many corporates as it offers
"convenient, seamless and instant multi-wallet salary disbursements".
<http://www.bulls.co.zw/2019/10/10/onemoney-grows-97pc/> Read more >

Zela demands mining sector transparency   

Zimbabwe Environmental Law Association senior programmes officer, Nyaradzo
Mutonhori, says it is high time civil society organisations take an
action-oriented approach on the implementation of constitutional provisions
which call for transparency in the mining sector. Speaking at a breakfast
meeting to discuss pertinent challenges, opportunities, and progress on the
management of state owned enterprises in the mining sector, Mrs Mutonhori
said there is need to improve on accountability and transparency in the
mining sector.
<http://www.bulls.co.zw/2019/10/10/zela-demands-mining-sector-transparency/>
Read more >

RBZ floats $150m TBs   

Government through the Reserve Bank of Zimbabwe (RBZ) has floated $150
million worth of  Treasury Bills as it seeks to raise funds for ongoing and
pipeline Government programmes.The treasury bills have a maturity period of
one year (365-day Treasury Bills).
<http://www.bulls.co.zw/2019/10/10/rbz-floats-150m-tbs/> Read more >

 <mailto:info at bulls.co.zw> 

Bid evaluation explained  

Bid evaluation is the organised process of examining and comparing bids to
select the best offer in an effort to acquire goods, works and services
necessary to achieve the goals of an organisation. The best offer
recommended as a result of bid evaluation is referred to as the lowest
responsive evaluated bid. It may also be called the most economically
advantageous tender.
<http://www.bulls.co.zw/2019/10/10/bid-evaluation-explained/> Read more >

Telco revenue growth conceals steep rise in operational, capital costs   

Mobile network operators (MNOs) might have recorded plausible growth in
revenues for the second quarter of 2019, but that resilience might not last
for longer if the costs of doing business remain elevated. According to the
second quarter report released by regulator the Postal and
Telecommunications Regulatory Authority of Zimbabwe (Potraz) the country's
MNOs reported a marked growth in mobile network revenues by 50.1 percent
from $249,9 million to $375 million..  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Bureaux de change not allowed to transact with corporates   

Bureaux de change are not allowed to transact with corporates or enter into
twining arrangements with customers to prefund foreign currency purchases,
according to a directive from the Reserve Bank of Zimbabwe released to
industry players recently. The directive, which was issued by the central
bank's director exchange control Farai Masendu, is meant to operationalise
measures announced on September 20,  2019, that were meant to refine
operations of Bureaux de Change.
<http://www.bulls.co.zw/2019/10/10/bureaux-de-change-not-allowed-to-transact
-with-corporates/> Read more >

Fake seed warning . . . Farmers urged to plant early   

FARMERS have been warned against buying counterfeit maize seed at a time
when official seed shops have increased prices. The Ministry of Agriculture,
Lands and Rural Settlement has said farmers need to be vigilant when
purchasing seed as counterfeit products thrive when genuine products are
beyond the reach of many. <http://www.bulls.co.zw/> Read more >

Zera approves power tariff hike   

THE Zimbabwe Energy Regulatory Authority (Zera) has approved an electricity
tariff increase of ZWL162,16c per kilowatt hour following a recent
application by Zesa to adjust the charge to promote viability and better
service delivery. Zesa Holdings through its subsidiary, the Zimbabwe
Electricity Transmission and Distribution Company (ZETDC) had applied to
increase the power tariffs from 38,61c/kWh saying that the previous rate had
been eroded by the movement of macro-economic fundamentals. As a result,
Zesa said viability and service delivery has been severely compromised. The
latest increase is 319 percent.
<http://www.bulls.co.zw/2019/10/10/zera-approves-power-tariff-hike/> Read
more >

$241m Beitbridge upgrade takes off   

CIVIL works on the $241 million Beitbridge modernisation projects are
underway with the contractor indicating that the project could be complete
within three years. ZimBorders is carrying out the project that is expected
to run between 2019 and 2021.   The work includes the construction of more
commercial customs offices, paving, and expansion of sewer and water
reticulation facilities, separation of traffic into buses, light vehicles,
tourists, commercial vehicles, and construction of a commercial bridge to
link with South Africa as well as upgrading of Beitbridge Municipality's key
infrastructure.
<http://www.bulls.co.zw/2019/10/10/241m-beitbridge-upgrade-takes-off/> Read
more >

New dates for mining indaba   

THE Zimbabwe Miners Federation (ZMF) has announced November 5 and 6 as the
new dates for the Semi-precious Stones Convention, which is set to be opened
by President Mnangagwa. The two-day indaba, which was previously set to run
from September 10 to 11, was suspended to allow the nation to mourn the
death of former President Robert Mugabe who died last month.
<http://www.bulls.co.zw/2019/10/10/new-dates-for-mining-indaba/> Read more >

TSP reforms to spur economic growth   

Government has said economic reforms under the Transitional Stabilisation
Programme (TSP), including re-engagement and investment promotion efforts
will put Zimbabwe on a firm pedestal for economic growth from next year
onwards.The economy is anticipated to grow by 4,6 percent next year, driven
by improved foreign currency availability and a decent rainfall season in
the 2019/2020 summer cropping season. <http://www.bulls.co.zw/> Read more >

Commuters appeal for more Zupco buses   

COMMUTERS have appealed to Government to increase the fleet of Zupco buses
in urban centres to ease public transport costs saying kombi fares were now
beyond the reach of many. Following the latest fuel price increase by the
Zimbabwe Energy Regulatory Authority to $15,49 per litre for diesel and
$14,97 per litre for petrol, kombi crews in urban centres have responded by
increasing fares. In Bulawayo and Victoria Falls commuter fares range from
$5 to $6 dollars while in Gweru the operators now charge $4 from $3.
<http://www.bulls.co.zw/2019/10/10/commuters-appeal-for-more-zupco-buses/>
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.

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