Bulls n Bears Investors Notebook Issue 331: 13 September 2019

Fri Sep 13 03:15:11 CAT 2019

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Bulls n Bears Investors Notebook Issue 331: 13 September 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

Zim chrome giants in joint venture   

Zimbabwe's ferrochrome producers Zimasco and Afrochine Smelting, have
entered into a joint venture to build four chrome smelters in Mberengwa in
the Midlands Province, spokesperson for Zimasco, Ms Clara Sadomba said
yesterday. Zimasco, a unit of Chinese-owned Sinosteel and Afrochine are the
country's largest ferrochrome producers with combined operational capacity
of 350 000 tonnes.. <http://www.bulls.co.zw/> Read more >

Muzarabani oil: Invictus on ground   

AUSTRALIA Stock Exchange-listed miner, Invictus Energy, has finished desktop
exploratory work for oil and gas discovery at its Muzarabani prospective
area and is now moving on the ground with the first drilling expected in the
first quarter of next year. The prospect had its potential upgraded early
July when the miner announced that results of independent estimates showed
that there is a strong case for up to 1,3 billion barrels of oil equivalent
(BOE) or alternatively an estimated resource of 206 billion litres of oil in
the Cahora Bassa Basin in Muzarabani.. <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

Innovation a must for Zim: Expert   

ZIMBABWE'S economic transformation should ride on increased innovation and
adoption of modern technology across the productive sectors, an official has
said. Speaking on Wednesday during a tourism research conference held
alongside the Sanganai/Hlanganani Expo underway in Bulawayo, Professor Ruhet
Genc from the Turkish German University said Zimbabwe would not make it
outside innovation. <http://www.bulls.co.zw/> Read more >

Solar power for airports   

GOVERNMENT will soon rollout a programme to install solar power at all the
country's airports as part of efforts to reduce pressure on the national
grid and also to ensure continued power supply in the face of decreased
generation. Zimbabwe is grappling with subdued power generation largely due
to decreased water levels in Kariba dam as well as the failure of thermal
power stations to perform at optimum level due to their old state.
<http://www.bulls.co.zw/> Read more >

ECB cuts deposit rate, reintroduces quantitative easing   

The European Central Bank yesterday approved fresh stimulus measures to prop
up the ailing euro zone economy. The ECB decided to push rates deeper into
negative territory and also re-launched an extended bond purchase scheme. It
also decided to keep its main refinancing interest rate at 0 percent and its
marginal lending rate of 0,25 percent. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Goat Indaba 2019 on next week   

In line with its objective of promoting the breeding of goats in Zimbabwe,
the goat value chain will be under the spotlight at the inaugural Goat
Indaba hosted by the Goat Breeders Association of Zimbabwe, on Wednesday
18th September at Henderson Research Institute, Mazowe. The Launch of the
Zimbabwe Agricultural Growth Programme Goat Value Chain Initiative will also
take place on the same day. <http://www.bulls.co.zw/> Read more >

Penny stocks: In thing

Penny and mid-tier stocks are enjoying a fine run, leading year-to-date
gains at a time big cap counters are succumbing to selling pressure. Despite
the challenging economic environment, characterised mainly by limited
foreign currency, poor electricity supplies and inflationary pressures,
stocks in media, hospitality, banking as well as pharmaceuticals and medical
supplies have survived the headwinds that have seen the market fall of
recent. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

IMF team in Zim to review progress   

A two-member delegation from the International Monetary Fund (IMF) is in the
country to review progress under the Staff Monitored Programme. The
delegation, comprising of Gene Leon Division Chief of the IMF African
Department and David Robinson who is the Deputy Director paid a courtesy
call on President Mnangagwa at his Munhumutapa Offices yesterday.
<http://www.bulls.co.zw/> Read more >

10% tourism growth projected   

ZIMBABWE's tourist arrivals are projected to grow by a minimum of 10 percent
by the end of 2019 from 2,6 million arrivals recorded last year, according
to the Tourism Business Council of Zimbabwe (TBCZ). In an interview after a
Press conference organised by the Zimbabwe Tourism Authority (ZTA) on the
sidelines of the ongoing Sanganai/Hlanganani World Tourism  Expo in Bulawayo
yesterday, TBCZ chief executive officer, Mr Paul Matamisa, said the
Sanganai/Hlanganani Expo has been instrumental in spurring tourist  arrivals
growth in Zimbabwe among other promotional activities.
<http://www.bulls.co.zw/> Read more >

Residents call for cash issuance probe   

BULAWAYO residents have called on Government to investigate the issuance of
cash through banks as they complained that more notes were increasingly
being traded on the parallel market. Contributing during a Money Laundering
and Proceeds of Crime Bill consultative meeting organised by the
Parliamentary Portfolio Committee of Finance yesterday, the residents said
they were unhappy that new bank notes were being issued through illegal
money changers, popularly known as osiphatheleni, at a time when banks and
other formal channels do not have cash.  <http://www.bulls.co.zw/> Read more
>

New broiler breed introduced   

AGRIBUSINESS firm, Hamara Group, has introduced a new drought and disease
resistant "Sasso bird" that they say will improve poultry output in Zimbabwe
when fully implemented. Group head of marketing and public relations, Mr
Clarence Mutangara, said the new Hamara Sasso bird was a dual-purpose bird
that gives the farmer both meat and egg production.
<http://www.bulls.co.zw/> Read more >

Innovation is the way out, says varsity professor   

ZIMBABWE'S economic transformation should ride on increased innovation and
adoption of modern technology across the productive sectors, an official has
said. Speaking on Wednesday during a tourism research conference held
alongside the Sanganai/Hlanganani Expo underway in Bulawayo, Professor Ruhet
Genc from the Turkish German University said Zimbabwe would not make it
outside innovation.  <http://www.bulls.co.zw/> Read more >

Expo boosts Bulawayo hotels   

THE ongoing Sanganai/Hlanganani World Tourism Expo in Bulawayo has yielded
an increase in hotel occupancy with major facilities saying they are fully
booked for the period. Hospitality Association of Zimbabwe (HAZ) regional
representative for Matabeleland, Mr Innocent Kufa, who is also the general
manager of Bulawayo Rainbow Tourism Group, said prior to the tourism fair,
the occupancy rate for city hotels ranged between 50 and 60 percent.
<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

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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