Bulls n Bears Investors Notebook Issue 334: 18 September 2019

Wed Sep 18 03:44:58 CAT 2019

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Bulls n Bears Investors Notebook Issue 334: 18 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

RBZ introduces US dollar savings bond

The Reserve Bank of Zimbabwe (RBZ) has brought to the market a United States
dollar-denominated savings bond with an interest rate of 7,5 percent per
annum to promote a savings. Read more >
<http://www.bulls.co.zw/2019/09/18/rbz-introduces-us-dollar-savings-bond/>
Read more >

Zimre Property overturns loss position

Property concern, Zimre Property Investments Limited (ZPI), overturned a
loss position to register $116 million profit for the half year to June 30,
2019, from a loss position of $0,2.
<http://www.bulls.co.zw/2019/09/18/zimre-property-overturns-loss-position/>
Read more >

 <http://www.firstmutualproperties.co.zw/> 

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

AfDis gets US$22,5m RBZ boost

LISTED wine and spirits maker African Distillers Limited (Afdis), has
secured US$22,5 million from the Reserve Bank of Zimbabwe to facilitate
payment to one of the company's major foreign suppliers..
<http://www.bulls.co.zw/2019/09/18/afdis-gets-us225m-rbz-boost/> Read more >

Zim, Belarus sign US$350m deals

Zimbabwe and Belarus yesterday signed deals worth US$350 million as they
stepped up efforts to enhance economic cooperation. President Mnangagwa
witnessed the signing ceremony in Harare. Two out of six.
<http://www.bulls.co.zw/2019/09/18/zim-belarus-sign-us350m-deals/> Read more
>

Zesa, minister tussle over US$400k debt

Local Government, Public Works and National Housing Minister July Moyo has
denied owing the Zimbabwe Electricity Transmission and Distribution Company
(Private) Limited over US$400 000 in unpaid electricity bills. The.
<http://www.bulls.co.zw/2019/09/18/zesa-minister-tussle-over-us400k-debt/>
Read more >

 <mailto:info at bulls.co.zw> 

'We're now Zim tourism ambassadors'

A GROUP of 20 tourism buyers from across the world visited Victoria Falls on
Monday where they inspected different facilities and pledged to market the
country to the world. The..
<http://www.bulls.co.zw/2019/09/18/were-now-zim-tourism-ambassadors/> Read
more >

EMA approves Invictus EIA report

THE Environmental Management Agency (EMA) has approved an Environment Impact
Assessment prospectus for the proposed oil project in Muzarabani,
Mashonaland Central province by Invictus Energy Limited. The Australia Stock
Exchange-listed.
<http://www.bulls.co.zw/2019/09/18/ema-approves-invictus-eia-report/> Read
more >

 <mailto:info at bulls.co.zw> 

Zimre bounces back to profitability in H1

REAL estate firm, Zimre Property Investment (ZPI), returned to profitability
in the half-year ending June this year, posting a net profit of $111.6
million from a loss of $200 000.
<http://www.bulls.co.zw/2019/09/18/zimre-bounces-back-to-profitability-in-h1
/> Read more >

Fuel, power shortages cripple tourism growth

Workers from the Zimbabwe Tourism Authority (on the left) listen to
exhibitors' queries at their registration counter for the
Sanganai/Hlanganani Tourism exhibition which was held at ZITF last week THE.
<http://www.bulls.co.zw/2019/09/18/fuel-power-shortages-cripple-tourism-grow
th/> Read more >

Leather production intensive training programme for SMEs

GOVERNMENT has organised an intensive training programme on leather
production targeting small to medium enterprises (SMEs) including women and
youths in Matabeleland North and Bulawayo provinces. The programme is
spearheaded.
<http://www.bulls.co.zw/2019/09/18/leather-production-intensive-training-pro
gramme-for-smes/> Read more >

Mwenezi gets $1.2m for development projects

MWENEZI Rural District Council (RDC) has received $1,2 million from
Government to fund infrastructure development projects. In a telephone
interview yesterday, the local authority's chief executive, Mr Albert
Chivanga, said.
<http://www.bulls.co.zw/2019/09/18/mwenezi-gets-1-2m-for-development-project
s/> Read more >

Zimbabwe's Currency Crisis Surpasses All Globally - Report

Bloomberg has reported that the rate at which the Zimbabwe currency is
losing value surpasses those of other currencies globally. The publication
notes that even the currency crisis in Argentina..
<http://www.bulls.co.zw/2019/09/18/zimbabwes-currency-crisis-surpasses-all-g
lobally-report/> 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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