Bulls n Bears Investors Notebook Issue 327: 09 September 2019

Mon Sep 9 02:48:58 CAT 2019

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Bulls n Bears Investors Notebook Issue 327: 09 September 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Decentralise export permits: ZimTrade   

The country's trade promotion body, ZimTrade has asked Government to
decentralise the issuance of export permits as part of the latest round of
Ease of Doing Business reforms. <http://www.bulls.co.zw/> Read more >

Proplastics' new factory complete   

Zimbabwe Stock Exchange-listed paramount producer of piping material,
Proplastics, has finally completed its factory, with the plant expected to
start operating by the end of the third quarter after the completion of
pending minor electric works.The firm manufactures a variety of piping
products for usage in mining, agriculture and infrastructure development.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

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

Pharmaceutical sector operating with huge funding deficit   

ZIMBABWE's pharmaceutical industry is operating with a huge funding gap as
it has received only US$600 000 out of US$50 million needed from the Reserve
Bank since the inception of the Foreign Currency Allocation Committee early
this year. According to a second report on the state of the medicines and
drugs supply in the country's public health institutions tabled in
Parliament by the Parliamentary Portfolio Committee on Health and Childcare
last week, Zimbabwe owes about US$50 million to drug manufacturers outside
the country. <http://www.bulls.co.zw/> Read more >

Government offers incentives for electric cars users   

GOVERNMENT will soon announce incentives for the use of electric cars and is
preparing to set up and install the necessary infrastructure in the
country's service stations and along highways by the end of the year, a
Cabinet Minister has said. The Minister of Energy and Power Development,
Advocate Fortune Chasi, said Government is also working on introducing a
number of solar projects including putting all the country's airports under
solar power as the country moves to migrate to alterative and sustainable
energy. <http://www.bulls.co.zw/> Read more >

Implats to further engage Government on investments

MULTINATIONAL mining group, Impala Platinum, says it will continue to
maintain constructive engagement with the Government on how to tackle the
prevailing economic challenges. In a statement, the mining group, which
operates Zimbabwe's largest platinum producer, Zimplats and Mimosa Mining
Company, said efforts to engage Government on the economic front were
underway. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

More needs to be done to improve ease of doing business - OPC   

THE Office of the President and Cabinet (OPC) has called for a collaborative
approach to fast track implementation of reforms to improve the country's
business environment and attitudes to be able to compete with neighbouring
countries for fresh foreign investment. Top OPC officials acknowledged
little progress had been made to date in smoothening Zimbabwe's business
culture and environment since the reforms began in 2015, with the country
still ranked lowly on position number 155 out of a possible 190 on the World
Bank's "Ease of Doing Business." <http://www.bulls.co.zw/> Read more >

Consortium invests US$29k in Tshongogwe Irrigation Scheme   

A CONSORTIUM of non-governmental organisations under the name, Sizimisele,
has invested US$29 000 in Lupane District's Tshongogwe Irrigation Scheme to
help improve small holder farmers' productive capacity. Sizimisele is a
consortium of 11 organisations funded through the Zimbabwe Resilience
Building Fund (ZRBF), which is co-managed by the United Nations Development
Fund (UNDP) and Zimbabwean Government..  <http://www.bulls.co.zw/> Read more
>

 <mailto:info at bulls.co.zw> 

'Policy should favour local direct investment'   

THE private sector says it wants policies that favour the growth of local
direct investment as a sustainable model for promoting economic growth. This
emerged during a Zanu-PF-organised breakfast business meeting in Bulawayo on
Friday, which was attended by stakeholders drawn from different economic
sectors. The meeting was meant to discuss the establishment of the Economic
Empowerment Policy, which replaces the Indigenisation and Economic
Empowerment Act.  <http://www.bulls.co.zw/> Read more >

NMBZ records $74,5m H1 profit before tax   

NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of
$74,5 million for the half-year ended June 30, 2019, resulting in total
comprehensive income of $61,4 million. This compares with a before tax
profit of $11, 8 million and total comprehensive income of $9,1 million in
the same period last year.  <http://www.bulls.co.zw/> Read more >

Access Finance, Zimnat seal bureaux de change deal   

INSURANCE services firm, Zimnat, says it has struck a partnership deal with
bureaux de change operator, Access Finance, for provision of key services to
their clients. Under the arrangement, Zimnat customers can now obtain bureau
de change services at selected Zimnat branches across the country.
<http://www.bulls.co.zw/> Read more >

Licensing agreement of Intellectual Property for SMEs   

INTERNATIONAL licensing depends upon varying national laws, including the
laws of supranational organisations such as Sadc and the African Union.
Various international conventions attempt to prohibit discrimination against
foreign nationals and provide priority for certain foreign filings and
harmonise a few substantive norms of protection.  <http://www.bulls.co.zw/>
Read more >

Prices Of Some Commodities Expected To Rise

Grain Millers Association of Zimbabwe (GMAZ) media and public relations
manager, Garikai Chaunza has said that prices of commodities such as
mealie-meal, flour and bread are likely to rise in direct response to the
government's increase of maize and wheat prices. Maize grain is now $1 300
per metric tonne from $726, while wheat has gone up from around $1 600 per
metric tonne to $2 200..  <http://www.bulls.co.zw/> Read more >

"Efforts To Install Solar Power At All Airports Underway" - Energy Minister

Energy Minister, advocate Fortunate Chasi has said that efforts to instal
solar power at all Airports were already underway. Posting on Twitter, Chasi
said:

His remarks come as the country is facing a very huge power deficit which
has seen most parts of the country going without power between 0400 hours
and 2200 hours. Zimbabwe power utility, ZESA, has attributed the shortage to
dwindling water levels at Kariba Dam which supplies the Kariba South
Hydropower Station.  <http://www.bulls.co.zw/> Read more >

Nyaradzo weathers the storm

NYARADZO CEO Philip Mataranyika is of the firm view that contracts, whether
verbal or written, are sacred in any field. In an interview, Mataranyika
said despite the harsh economic environment, which is adversely impacting
the business, Nyaradzo will not suffer the same pain they endured during the
2008 hyperinflation period where their contributions were wiped out.
<http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2019

Company

Event

Venue

Date & Time

Border Timbers

EGM

Board Room, Northern Tobacco Complex, 4-12 Paisley Road, Southerton

2019 Sept 04, 9am

Falgold

AGM

PKF Building, corner 14th Ave/Josiah Tongogara Street, Bulawayo

2019 Sept 09, 10am

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!

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