Bulls n Bears Investors Notebook Issue 333: 17 September 2019

Tue Sep 17 05:34:15 CAT 2019

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Bulls n Bears Investors Notebook Issue 333: 17 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

JUST IN: Fuel Up Again

ZERA has increased the price of fuel once again for the umpteenth time this
year. The new pump price for petrol and diesel are as follows: Diesel
$10.89, Petrol $10.41, ZERA has announced that fuel prices will be reviewed
on a weekly basis to ensure that prices don't lag behind
<http://www.bulls.co.zw/> Read more >

Car Sales That Have Invaded Harare Open Spaces Should Be Closed -
Councillors

Harare councillors have bemoaned the number of car sales that have invaded
open spaces in the Sunshine City. This came to light during a full council
monthly meeting when Jacob Mafume said they were now an eyesore as they have
invaded most open spaces in Harare. <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

Some ECOCASH Agents Now Charging About 60% For Cash

Some Ecocash Agents are reportedly charging about 60% for every transaction
conducted by their customers. These charges are outside the system hence
unofficial. The new charges mean that if one had $100 in his or her Ecocash
wallet, they would get less than $50 in cash. <http://www.bulls.co.zw/> Read
more >

NetOne Raises Prices Of Data & SMS Effective 17 September 2019

Government-owned telecommunications giant, NetOne, has announced of its
intentions to review the prices of data with effect from tomorrow 17
September 2019. The development comes when another telecommunications giant,
Econet have also since reviewed the prices of their services up.
<http://www.bulls.co.zw/> Read more >

Zim Dollar Tumble A Result Of The End Of Tobacco Season - RBZ

The Reserve Bank of Zimbabwe (RBZ) said the fall in the value of the
Zimbabwe dollar against the US dollar and other currencies in recent weeks
is as a result of the end of the tobacco marketing season. Tobacco is one of
the four major foreign currency earners for the country, the others being
gold, chrome and platinum. <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

RBZ Demands Control Over All Forex In The System

The Reserve Bank of Zimbabwe (RBZ) says is the existence of a foreign
currency black market is a  reflection of shortages of forex in the system.
This was said by RBZ Deputy Governor Kupukile Mlambo, who was standing in
for RBZ Governor John Mangudya, when he appeared before Parliament's Public
Accounts Committee on Monday. <http://www.bulls.co.zw/> Read more >

Price Of Sugar Raised With Effect From 16 September 2019

Sugar manufacturer, Tongaat Hullet, has increased the price of sugar for the
umpteenth time this year. The last price adjustment was done on the 26th of
August 2019. In the latest circular released by the company, effective 16
September 29, the recommended retail prices of sugar for single units
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

RBZ explains exchange rate depreciation   

THE depreciation of the Zimbabwe dollar against the United States dollar and
other currencies in recent weeks is as a result of the closure of the
tobacco marketing season which is a major foreign currency earner for the
country. This was said by Reserve Bank of Zimbabwe Deputy Governor, Dr
Kupukile Mlambo, who was standing in for RBZ Governor Dr John Mangudya, when
he appeared before Parliament's Public Accounts Committee in Harare
yesterday. <http://www.bulls.co.zw/> Read more >

Low domestic tourism volumes worry Parly   

INCREASED marketing and educational campaigns are needed to boost domestic
tourism in Zimbabwe, which remains lowest despite huge potential, the
Parliamentary Portfolio Committee on Transport and Infrastructural
Development, has said. Speaking after a tour of the Victoria Falls airport
recently, committee chairperson, Mr Oscar Gorerino, expressed shock over
"low numbers" of locals flying through Victoria Falls International Airport.
<http://www.bulls.co.zw/> Read more >

Access Finance introduces retail partners   

FINANCIAL services firm, Access Finance, has introduced new retail partners
as it spreads its footprint across the country. In a statement, the bureaux
de change operator said in addition to its branches, its customers can now
access services at its new selected retail partners' outlets.
<http://www.bulls.co.zw/> Read more >

Motorists urged to name & shame cash only fuel service stations   

MOTORISTS should report to authorities all fuel service stations that refuse
swipe and mobile money payments from motorists, the Zimbabwe Energy
Regulatory Authority (Zera), said yesterday. Responding to widespread
complaints by motorists in Bulawayo who say they are being forced to hunt
for cash by service station operators Zera spokesperson, Mr Gladman Njanji,
said affected motorists should not be afraid to name and shame the culprits
so that Government takes the necessary disciplinary measures.
<http://www.bulls.co.zw/> Read more >

Current account deficit to close 2019 at 'US$600m'   

GOVERNMENT targets to reduce the country's current account deficit by 327
percent to US$597,2 million this year from US$1,4 billion in 2018. In the
2019 mid-term monetary policy statement presented last week, Reserve Bank of
Zimbabwe (RBZ) Governor Dr John Mangudya said Zimbabwe's current account
deficit has since 2011 narrowed from a peak of US$2,7 billion.
<http://www.bulls.co.zw/> Read more >

SeedCo bets on normal rains   

REGIONAL seed producer, SeedCo, says the prospect of normal rains in the
2019/20 summer cropping season should spur farmers into action, which would
assist the country to achieve a bumper harvest.  Regional and local weather
experts have predicted favourable weather conditions for the country and the
Sadc, raising hopes of improved food production.  <http://www.bulls.co.zw/>
Read more >

ZB to avail $300m for 2019/20 agric season   

LISTED financial services group, ZB Financial Holdings, plans to advance
ZWL$300 million to support agriculture in the 2019/20 summer cropping
season. The institution's chief executive officer, Mr Ronald Mutandagayi,
revealed this during a briefing with journalists in Bulawayo last Friday.
"We are in discussions at the moment with the Ministry of Finance firstly in
terms of crowding-in into the Command Agriculture. Our indications seem to
be something in the order of ZWL$150 million that is on crowding-in. But in
addition to crowding-in we already have got another ZWL$150 million of
customers," he said. <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!

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