Bulls n Bears Investors Notebook Issue 341: 27 September 2019

Fri Sep 27 10:14:25 CAT 2019

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Bulls n Bears Investors Notebook Issue 341: 27 September 2019

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Bulls ‘n Bears Investors Diary: Today’s Events

Quotable Quote:

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

ZSE bull run continues   

The Zimbabwe Stock Exchange has continued with its bull run as investors
continue to pile on into the safe haven of equities amid a glut of negative
economic out turns resulting in counters swinging back to year-to date
gains. Currently, the economy is going through macro-economic pressures, key
among them, foreign currency shortages, infrastructure gaps, erratic power
and water supplies subsequently leading to low production levels.
<http://www.bulls.co.zw/> Read more »

Standard Bank signatory to responsible banking   

Standard Bank, Africa’s largest financial services organisation, has become
a founding signatory to the UN principles for responsible banking — a
framework aimed at driving sustainable economic development and ensuring
prosperity of current and future generations. More than 100 banking CEOs
from five continents, along with UN Secretary-General António Guterres and
the UN Environment Programme Finance Initiative, launched the principles for
responsible banking at the annual UN General Assembly in New York on Sunday.
<http://www.bulls.co.zw/> Read more »

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

Nampak in strong performance   

Diversified packaging company and Zimbabwe Stock Exchange-listed entity
Nampak Zimbabwe, recorded strong volume growth for the 11 months to
end-August 2019, but currency changes resulted in exchange losses running
into millions of dollars. According to parent company Nampak International,
in a trading update released this week, the strong performance from
Zimbabwean operations had actually helped offset weak performance in Angola
and South Africa where revenue was down. <http://www.bulls.co.zw/> Read more
»

IMF speaks on staff-monitored programme   

Weakening confidence, policy uncertainty, a continuation of forex market
distortions and a recent expansionary monetary stance, has increased
pressure on the country’s exchange rate, the International Monetary Fund
(IMF) has said. Since the February currency reform, the exchange rate has
depreciated from USD 1:1 ZWL to USD 1:15 ZWL (as of September 26), fostering
high inflation. As a result, policy actions are urgently needed to tackle
the root causes of economic instability and enable private-sector led
growth, Gene Leon, who led an IMF mission that conducted the Article IV
Consultation and review progress under the Zimbabwe’s Staff-Monitored
Programme (SMP), said in a statement released yesterday.
<http://www.bulls.co.zw/> Read more »

RBZ works on Fintech strategy   

The Reserve Bank of Zimbabwe in partnership with other stakeholders is
working on a National Fintech Strategy and has already put in place an
Interagency Fintech Working Group that is expected to play a key role in the
development of the strategy. Also in place is a National Fintech Steering
Committee (NFSC) that will also ensure smooth adoption and implementation of
Fintech in Zimbabwe. <http://www.bulls.co.zw/> Read more »

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RioZim closer to 2 400MW power deal   

RIOZIM will sign an engineering procurement and construction contract (EPC)
with Power China for the first phase of its 2 400 Megawatts (MW) Sengwa
Thermal Power Plant next month, a highly placed company director has
revealed. The coal fired plant, to be constructed in Sengwa, Gokwe North,
will be built in phases starting with a 700MW power station and coal mine
with an annual production capacity to supply around 300 million tonnes for
power generation. <http://www.bulls.co.zw/> Read more »

Simbisa defers financials   

LISTED quick-service firm, Simbisa Brands, has deferred to mid-October the
release of its financial results for the financial year ended 30 June 2019.
The results were due for release at the end of this month. In a statement to
shareholders and investing public, Simbisa said the results will now be
published on or before 15 October 2019. The move follows “the extension
granted to the Company by the Zimbabwe Stock Exchange”, it said.
<http://www.bulls.co.zw/> Read more »

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US$100k tourism boost for Tsholotsho   

GOVERNMENT has set aside US$100 000 to establish a tourism camping site in
Tsholotsho to be run by communities living adjacent to the Hwange National
Park. The move is aimed at empowering the community by ensuring that they
directly benefit from the rich wildlife resource and help reduce
human-wildlife conflict. Tsholotsho is one of the districts with a high
prevalence of human-wildlife conflict. Over the years incidents of poaching
have been rampant as villagers complain of not benefiting from the wildlife
heritage. <http://www.bulls.co.zw/> Read more »

ZimCoke says ready for production   

COKE making firm, ZimCoke Private Limited, says it is geared to commence
production once it completes renovations on its ovens.  ZimCoke took over
coke ovens within the defunct steel giant Zisco in a $255 million deal. The
project was commissioned two months ago but production could not start due
to on-going renovations of the coke ovens.  The company’s consultant, Mr
Eddie Cross, said they were also finalising paperwork with Zisco and a
German bank.  <http://www.bulls.co.zw/> Read more »

‘Zisco demise costing Zimbabwe US$400m annually’   

ZIMBABWE is losing about US$400 million annually through importing steel and
related products since the collapse of Zisco in the last decade, Industry
and Commerce Minister, Mangaliso Ndlovu, has said. Addressing delegates at
the Employers’ Confederation of Zimbabwe (Emcoz) annual congress in Bulawayo
yesterday, Minister Ndlovu said urgent steps were needed in investing and
developing anchor industries for strategic sectors.
<http://www.bulls.co.zw/> Read more »

Caledonia to ramp up gold output   

CALEDONIA Mining Corporation, which owns Blanket Mine in Matabeleland South
Province, targets to increase gold output to 75 000 ounces in 2021 as the
mine starts focusing on increasing output. Last year, Blanket Mine produced
54 511oz of the yellow metal, and this year the gold miner targets
production ranging between 50 000oz and 53 000oz.

 <http://www.bulls.co.zw/> Read more »

Fishing industry players hopeful   

PLAYERS in the fishing industry in Kariba remain optimistic of its recovery
to yesteryear levels through concerted efforts to protect breeding grounds
and curb poaching. There has been a progressive decline in catches from a
high of around 20 000 tonnes in 1999 to about 9 000 tonnes currently. A
combination of climate change-induced shocks resulting in receding water
levels in Lake Kariba and overfishing owing to an increase in the number of
fishing rigs in the lake have been blamed for the reduction in supply of
kapenta. <http://www.bulls.co.zw/> Read more »

RBZ dismisses ‘new’ coins   

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday expressed
concern over the rising cases of “fake news” which have the capacity to
undermine Government efforts to transform the economy. Dr Mangudya said this
in an interview with The Herald last night from New York following the
circulation of $10 and $25 coins, which are purported to be part of the new
currency. “It’s all fake news; I don’t know what is happening back home (in
terms of spreading false information),” said Dr Mangudya. “There is nothing
like that. I think there is a lot that is happening underground because the
intensity of what is going on is alarming. <http://www.bulls.co.zw/> Read
more »

‘Info ministry requires $691m’   

The Information, Publicity and Broadcasting Services Ministry requires
$691,3 million for the 2020 fiscal year to fulfil its national mandate that
includes ensuring the local and international public gets information and
modernising the media space among other things. This came out yesterday when
Secretary, Mr Nick Mangwana appeared before the Information, Media and
Broadcasting Services Parliamentary Portfolio Committee chaired by Cde Alum
Mpofu. The secretary also expressed concern over ministries and Government
institutions that were failing to pay the Zimbabwe Broadcasting Services for
services rendered.  <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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