Bulls n Bears Investors Notebook Issue 327: 10 September 2019

Tue Sep 10 11:24:37 CAT 2019

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Bulls n Bears Investors Notebook Issue 327: 10 September 2019

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

IPEC reforms progressive   

The Insurance and Pensions Commission (IPEC) says it has made "significant
progress" on institutional and regulatory reforms in keeping with
recommendations of the Justice Smith-led Commission of Inquiry. The
Commission of Inquiry focused on the conversion of insurance and pensions
values from Zimbabwe dollar to the United States dollar, but it also
included other reform proposals. <http://www.bulls.co.zw/> Read more > 

Brainworks seeks debt-equity swap deal approval

JOHANNESBURG Stock Exchange (JSE)-listed firm Brainworks is seeking to clear
a US$5 million debt in exchange for ordinary shares. In a statement, the
company said the settlement of the accrued loans through the issue of shares
will reduce the company's debt levels and lower its financial risk profile,
allowing the company to save on interest costs. <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

lDCZ avails funding for industry   

The Industrial Development Corporation of Zimbabwe Limited (IDCZ) has begun
availing loans to local industry in a move set to breathe life in some
faltering firms as well as kick-start several greenfield bankable projects.
The funding, which will see successful companies getting anything between $1
million and $5 million, will attract a nominal interest of 15 percent per
annum making the fund lucrative in the face of about 50 percent interest
which is being charged by most financial institutions.
<http://www.bulls.co.zw/> Read more >

SA company opens shop in Zimbabwe   

SOUTH Africa's oldest carpet manufacturer, Van Dyck Floors, has extended its
global footprint by launching its latest operation in Zimbabwe. Van Dyck
Floors - whose head office is based in KwaZulu-Natal - is owned by PFE
International, the holding company of the Zarrebini family.The company
shareholders have more than 40 years of international experience in the
manufacturing of carpets, as well as fibre and yarn extrusion..
<http://www.bulls.co.zw/> Read more >

Hamara trains 13 000 farmers   

AT least 13 000 smallholder farmers from Matabeleland region have received
training on commercial production under the "Turning Matabeleland Green"
initiative being spearheaded by Hamara Group. Hamara head of marketing and
public relations, Mr Clarence Mutangara, said their vision was to unlock the
productive potential of communities especially small-scale farmers.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zesa rolls out debt recovery plan   

ZESA will roll out the second phase of prepaid meter systems targeting 100
000 customers who are using the old billing system as a measure of
recovering debts from defaulters, the power utility's acting chief executive
Engineer Patrick Chivaura has said. The power utility is owed $1,2 billion
by consumers, some of whom have not made any payments in almost a decade..
<http://www.bulls.co.zw/> Read more >

ZSE down again   

The Zimbabwe Stock Exchange (ZSE) continued in the negative in the week's
opening session as the market completed a fifth consecutive session in
losses. All the benchmark indices closed yesterday's session in the red. The
ZSE TOP 10 Index was the hardest hit losing 1,03 percent to 144,66 points
sliding into YTD losses of 0,25 percent. <http://www.bulls.co.zw/> Read more
>

 <mailto:info at bulls.co.zw> 

Old Mutual financials   

Old Mutual Zimbabwe has said its financials for the half-year to June 30,
2019 have been prepared on a historical cost accounting basis in view of
high inflation that has been prevailing in the country. "In an environment
of very high inflation, financial statements prepared using historical cost
accounting may not result in fair presentation of our financial position,"
said OMZIL in a statement yesterday. <http://www.bulls.co.zw/> Read more >

NRZ deal back on track   

THE National Railways of Zimbabwe (NRZ) recapitalisation project is now back
on track after the utility's board yesterday approved a US$420 million
funding offer from the Diaspora Infrastructure Development Group (DIDG) and
referred it to Treasury for consideration. DIDG/Transnet Consortium won the
tender for the NRZ recapitalisation project in 2017 and the investors were
required, among other conditions, to provide proof of funding.
<http://www.bulls.co.zw/> Read more >

South Africa backs Zim stance on ivory trade   

South Africa has thrown its full weight behind Harare's position on trade in
wildlife saying the Convention on Trade In Endangered Species (CITES) must
be sensitive to the plight and circumstances of members such as Zimbabwe.
This comes after President Mnangagwa said last month that Zimbabwe had an
elephant population and ivory stockpile, which if sold, would raise funding
for conservation through procurement of equipment and fences for buffer
zones to curtail human-wildlife conflict. <http://www.bulls.co.zw/> Read
more >

India donates US$5m machinery to SMEs   

India has donated US$5 million machinery to Zimbabwe for incubation projects
in the small and medium enterprises (SMEs) sector. The machinery was handed
over to Women's Affairs, Community, Small and Medium Enterprises Development
Minister Sithembiso Nyoni by Indian Ambassador to Zimbabwe Mr Rungsung
Masakui at the Harare Institute of Technology yesterday. Speaking at the
handover of the equipment, Minister Nyoni said the project will benefit over
3 000 SMEs annually. <http://www.bulls.co.zw/> Read more >

Mealie-meal shortage hits Byo   

MAJOR supermarkets in Bulawayo have run out of mealie-meal and by yesterday
only a few retail outlets had the commodity on the  shelves. A snap survey
conducted in the city's Central Business District revealed that major
supermarkets did not have mealie-meal. Most shops in the western surbubs had
also run out of mealie-meal.

Govt secures number plates   

Government is set to receive 20 000 number plates for trucks and trailers at
the end of the month, while other plates which are not for public service
vehicles are now available, Government has said. Secretary for Transport and
Infrastructural Development Engineer Amos Marawa announced the development
at the launch of the Ease of Doing Business 2019-2020 programme in Harare
last Thursday.  <http://www.bulls.co.zw/> Read more >

Zimbabwe Sanctions Not Illegal & Have No Link To Economic Collapse - EU

The European Union (EU) policy advisor on Africa and former ambassador to
Zimbabwe, Philippe Van Damme said that sanctions that were imposed on
Zimbabwe in 2002 are not illegal. Van Damme further argues that Zimbabwe's
economic collapse predated the sanctions and is a result of earlier policy
choices by the Zimbabwean government..  <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.

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