Bulls n Bears Investors Notebook Issue 341: 30 September 2019

Mon Sep 30 09:01:58 CAT 2019

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Bulls n Bears Investors Notebook Issue 341: 30 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

Innscor's revenue breaches $1bn mark   

|Diversified Industrial conglomerate, Innscor Africa Limited defied the
challenging economic environment and reported a surge in profitability for
the year to June 30, 2019, on good product mix and volume growth.According
to Innscor, an improved product mix, good strategic raw material positions,
and well-controlled overheads combined with volume growth and replacement
pricing policies gave rise to an operating profit of $258 million which
represented a 234 percent growth over prior year.  <http://www.bulls.co.zw/>
Read more > 

RioZim to start solar plant next year   

Zimbabwe Stock Exchange (ZSE) listed gold and diamond miner, RioZim may
start construction of its 178 megawatt solar power plants early in the New
Year with a Chinese bank having reportedly agreed to bankroll the project.
If the project is completed within a period of six months, as widely
anticipated, it will help ameliorate the crippling power crisis buffeting
the entire economy.  <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

TBs oversubscribed   

The Reserve Bank of Zimbabwe (RBZ)'s third Treasury Bills (TBs) auction
meant to raise $100 million was oversubscribed by 400 percent after bids
totalled $419 million. The highest interest rate offered on the latest batch
of the Government securities was 25 percent while the lowest was 12 percent,
with the average rate coming in at 13,6 percent. The bills-a 92-day
instrument issued on an "open tender on yield basis" interest rate, have
other special features, which include prescribed and liquid asset status,
tax exemption and acceptability as collateral for overnight accommodation at
the RBZ.  <http://www.bulls.co.zw/> Read more >

Barriers to urban electrification in Sub-Saharan Africa  

If you're reading this, it's likely that going about with your daily life is
impossible without electricity. And yet, many face this exact challenge. In
Sub-Saharan Africa (SSA), six out of 10 people did not have access to
electricity in 2016. This problem is not just confined to rural areas; a
quarter of those without electricity in the region live in urban zones.
<http://www.bulls.co.zw/> Read more >

Hotel occupancy levels slump   

Zimbabwe Stock Exchange (ZSE) listed hospitality concerns, African Sun and
Rainbow Tourism Group (RTG) recorded declines in occupancy levels in the
half year period to June 2019, reflecting an industry-wide trend, weighed
down by a fall in domestic demand. According to financial statements
released last week both hospitality concerns posted a 10 percentage points
drop each in occupancy levels for the period under review compared to prior
year.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zupco raises fares   

Zimbabwe United Passenger Company (Zupco) will tomorrow marginally increase
fares for urban commuter buses, in a development that will see commuters
living in farthest suburbs paying only $2 per trip. Despite the fare
increase, Zupco buses remain the most affordable means of transport
considering that private transport operators are charging up to $8 in
Chitungwiza, Ruwa and Norton routes. Chief executive officer Mr Evaristo
Madangwa said the current prices will double by Tuesday (tomorrow). "We are
advising the public that starting from Tuesday, the Zupco bus fares will
rise from 50c to $1; 75c to $1,50; $1 to $2," he said.
<http://www.bulls.co.zw/> Read more >

Bring currency manipulators to book   

It is trite, but a true observation that some powerful people and companies
are manipulating our national currency at the expense of the economy and
indeed at the expense of all and sundry. These are self-defined economic
saboteurs of our time and they should not be tolerated by any measure. This
has been happening for too long and the nation has suffered because of a few
individuals who are liquid in both local and foreign currency.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Call to restore financial confidence . . . amid wage erosion worries   

GOVERNMENT has been called upon to restrain money supply growth and restore
financial confidence in the economy so as to keep inflation under check amid
growing concerns over erosion of incomes and corporate balance sheets.
Despite recent minimal upward wage reviews, the country's working class has
suffered severe loss of value for earnings on the back of price escalation,
which has deepened since June this year when the country abandoned the
US-dollar dominated multi-currency system - adopted since 2009, to revert
back to the Zimbabwe dollar.  <http://www.bulls.co.zw/> Read more >

BCC gets capital budget boost, outlines priorities   

THE Bulawayo City Council (BCC) has said its 2020 capital budget will
prioritise water and sanitation infrastructure projects with a bias towards
housing and commercial stands development as well as completion of
outstanding projects. The local authority has proposed a ZWL$1,43 billion
capital budget for next year. Already council's capital spending has
received a boost from the African Development Bank (AfDB) in the form of a
US$24,5 million grant, for the same thrust.  <http://www.bulls.co.zw/> Read
more >

'Investors appreciative of austerity measures'   

INTERNATIONAL investors are appreciative of the austerity measures being
implemented by Government to facilitate economic turnaround, Industry and
Commerce Minister, Nqobizitha Mangaliso Ndlovu, has said.  The term
'austerity' has recently become topical across Zimbabwe as citizens grapple
with belt-tightening experiences after Government instituted a number of
fiscal and monetary policy reforms guided by the short term Transitional
Stabilisation Programme (TSP).  <http://www.bulls.co.zw/> Read more >

Nexus conference set for Bulawayo   

BULAWAYO will this week host a business stakeholder conference focused on
water, energy, climate, and industry nexus to be held at the Zimbabwe
International Exhibition Centre, starting on Wednesday. The conference will
run concurrently with the annual water and sanitation indaba under the
theme: "developing sustainable solutions to empower the future". The nexus
conference is being organised by the ZITF Company in conjunction with the
Department of Climate Change under the Ministry of Lands, Agriculture,
Water, Climate and Rural Resettlement.  <http://www.bulls.co.zw/> Read more
>

Farmers Apps gain popularity countrywide   

RURAL farmers in Matabeleland can now use a mobile app for agricultural
extension services and hiring of farming equipment under a programme being
co-ordinated by a group of non-governmental organisations in liaison with
Government. Running under the 'Matabeleland enhanced livelihoods agriculture
and nutrition adaptation' (Melana) initiative, the programme is being
implemented under a US$75 million budget, through the Zimbabwe Resilience
Building Fund (ZRBF).  <http://www.bulls.co.zw/> Read more >

Young entrepreneur produces organic livestock fodder   

A GWERU man, Sebastian Sibanda, has produced organic fodder for livestock,
which is an affordable alternative for livestock farmers. The fodder won
second prize at the Youth Connect Start-up Business Tour national finals
held in Harare recently. For his efforts, Sibanda has been sponsored to
attend the Youth Connect Africa Summit in Kigali, Rwanda, in October this
year by the United Nations Development Programme and the Zimbabwe
Government.  <http://www.bulls.co.zw/> Read more >

New funding model for Command Agriculture   

GOVERNMENT has adopted a new funding model for Command Agriculture during
the 2019/20 farming season which will see it providing guarantees with banks
and the private sector funding the programme to unlock the required $2,8
billion. The Government has since invited private partners to fund the
programme at an interest rate not exceeding four percent as it seeks to
dilute its role as the sole financier. Speaking during a Question and Answer
session in the Senate on Friday, Lands, Agriculture, Water, Climate and
Rural Resettlement Minister Perrance Shiri said Treasury had committed to
issue $968 million worth of guarantees.  <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!

Bulls n Bears 

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