Bulls n Bears Investors Notebook Issue 362: 29 October 2019

Tue Oct 29 08:04:28 CAT 2019

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Bulls n Bears Investors Notebook Issue 362: 29 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

Air Zimbabwe resumes flights to South Africa after suspension lifted

HARARE (Reuters) - Zimbabwe's national airline has resumed flights to South
Africa, the company said on Monday, after a halt last week when South
Africa's state-run airports management firm barred the airline from using
the country's airports over unpaid fees. Air Zimbabwe's sole aircraft in
operation was grounded last week by Airports Company South Africa (ACSA),
which said the airline had failed to pay landing and parking fees, passenger
service charges and an undisclosed amount towards clearing its arrears..
<http://www.bulls.co.zw/> Read more > 

Imports up 19pc   

THE value of goods imported into Zimbabwe rose 19 percent to US$1,3 billion
in the three months to June 2019 compared to the previous quarter, but
exports dipped 8,3 percent to US$860 million. The increase was mainly
attributed to a rise in imports of diesel (up 33,4 percent), petrol (17,6
percent), crude soya bean oil (91,9 percent); and medicines (425,9 percent),
the Reserve Bank said in its latest quarterly update.
<http://www.bulls.co.zw/> Read more >

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

Cottco to invest in solar energy   

THE Cotton Company of Zimbabwe (Cottco) plans to set up a one megawatt solar
plant for its ginnery operations in Muzarabani in light of unprecedented
power outages currently being experienced in the country. Zimbabwe is
experiencing power shortages that have prompted the national power utility
ZESA Holdings to introduce an aggressive load-shedding schedule in a bid to
manage power consumption across industry, business and domestic users.
<http://www.bulls.co.zw/> Read more >

Forex market stabilising: RBZ   

According to the Reserve Bank of Zimbabwe in its mid-term Monetary Policy
Statement, activity on the interbank foreign exchange market has increased
since its introduction in February 2019. The central bank said foreign
currency reforms, which started with the separation of accounts in October
2018 and the introduction of the local currency in June 2019, have now been
fully achieved. <http://www.bulls.co.zw/> Read more >

Investors favour blue chip stocks   

Trading in the market's top cap counters last week drove both value and
volumes leading to market gains in a week shortened to four trading days due
to the anti-sanctions day holiday last Friday. Zimbabwe and the rest of SADC
joined hands on Friday to denounce the two decade long sanctions imposed on
the Zimbabwean economy.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zimoco launches Haval SUV   

PREMIUM car dealer, Zimoco, officially launched the distribution of Haval a
Sport Utility Vehicles range (SUV) in Harare, last week. The wholly owned
subsidiary of Great Wall Motors' (GWM) of China, Haval is the new brand to
come under the distributorship of Zimoco which is still basking in glory
having scooped three prestigious awards as southern Africa's Mercedes dealer
of the year three months ago. <http://www.bulls.co.zw/> Read more >

$600 million for B/bridge roadworks   

Civil works on the upgrading of the $600 million Beitbridge-Harare Highway
have begun following the engagement of five locally-based contractors to
work on different sections of the road. Transport and Infrastructure
Development Minister Biggie Matiza, who toured the works between Bubi and
Beitbridge yesterday, said the upgrading of the road, which is part of the
North to South corridor (under the African Union classification), had been
divided into five segments.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zupco expands kombi franchise   

Zimbabwe United Passenger Company (Zupco) has mobilised nearly 300 kombis to
service suburban routes across the country, a development that has resulted
in affordable fares for commuters. Government extended the Zupco franchise
to urban commuter omnibus operators across the country's cities where people
are charged $2 for a trip that is pegged at up to $5 by commuter operators.
<http://www.bulls.co.zw/> Read more >

Farmers applaud inputs distribution   

Farmers have commended Government for the early distribution of inputs,
saying this will improve their preparedness and ensure early planting. The
farmers implored Government to ensure farmers access adequate packages of
inputs. Zimbabwe Commercial Farmers Union president Mr Shadreck Makombe said
it was commendable that farmers had started taking delivery of inputs
early..  <http://www.bulls.co.zw/> Read more >

Procure 60% from home, says Confederation of Zimbabwean Industries   

THE public and private sectors should procure at least 60 percent of their
needs locally to spur domestic industrial capacity and steer economic
growth, the Confederation of Zimbabwean Industries (CZI) has said. Speaking
at the 6th Chartered Institute of Procurement and Supply 2019 annual
conference, which ended in Bulawayo on Friday, CZI vice president, Mr Joseph
Gunda, said Zimbabwe has recently lost focus on the significance of buying
from local companies.  <http://www.bulls.co.zw/> Read more >

Solar firms capitalise on load-shedding   

THE prevailing electricity supply gap in Zimbabwe has placed renewable
energy companies at an advantageous position to aggressively grow their
businesses, as consumers seek relief from severe power cuts. A combination
of breakdowns at thermal power stations linked to ageing equipment as well
as lowering of water levels at Kariba Dam, have severely crippled Zimbabwe's
power generation capacity. As of yesterday, the country was producing a
combined 803MW against demand estimate of 1 500MW.
<http://www.bulls.co.zw/> Read more >

Low uptake of GDIF facility by women   

SMALL-scale miners have so far utilised $160 million from the Gold
Development Initiative Fund (GDIF) that was set up to boost their operations
through mechanisation. The Reserve Bank of Zimbabwe (RBZ) introduced the
facility through the country's sole gold buyer, Fidelity Printers and
Refiners.  In an interview, head of the GDIF Mr Matthew Chidavaenzi said
since the launch of the gold facility, uptake has been "tremendous" due to
low cost geological survey reports the miners were using to apply for
financing.   <http://www.bulls.co.zw/> Read more >

ZETDC vending system crashes   

THE Zimbabwe Transmission Distribution Company (ZETDC) has directed
consumers to revert to physical banking halls to purchase electricity tokens
following technical glitches which have crippled its prepaid vending
platform countrywide. Zesa public relations manager, Mr Fullard Gwasira,
admitted yesterday the concerns by clients over the pre-paid vending
system's failure since the introduction of the new stepped domestic tariff
model.  The system has been failing to return tokens and sometimes to buy
electricity, inconveniencing customers.  <http://www.bulls.co.zw/> Read more
>

'Salary increase not the answer'   

THE price escalation being experienced in the market cannot be solved by
increasing salaries alone as companies are also being affected by
distortions linked to speculative behaviour, economic analysts have said.
The spate of price increases has pushed consumers into a corner with workers
crying foul over erosion of their incomes. Although labour bodies have been
piling pressure on employers to review salaries in line with prevailing
inflation, economic analysts have warned that such an approach would further
disrupt the economy as companies are not capacitated to keep pace with such
demands. <http://www.bulls.co.zw/> 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.

Invest Wisely!

Bulls n Bears 

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