Bulls n Bears Investors Notebook Issue 428: 02 February 2020

Sun Feb 2 12:57:29 CAT 2020

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Bulls n Bears Investors Notebook Issue 428: 02 February 2020

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

San rock art a vital tourist attraction   

THE San people are the earliest known inhabitants of Southern Africa. They
were nomadic hunter-gatherers who were famed for, among other things, making
incredible, age-defying impression on rock surfaces depicting their daily
lives and the things they interacted with or used within their environment.
Wild animals, however, dominate San rock art and this seems to suggest that
the animals were a highly significant resource in their lives. Not every
member of the San community would participate in creating these impressions
on rock but it was the prerogative of skilled artistes.
<http://www.bulls.co.zw/> Read more >

CAPS Pharmaceuticals reopen plant   

ZIMBABWE'S largest pharmaceuticals manufacturer, CAPS Pharmaceuticals has
reopened one of its two plants in Harare, which was shut down years ago as
it forges ahead to improve the availability and access of drugs in the
country's health sector. CAPS chief executive officer Mr Justice Majaka said
the company successfully refurbished and resumed operations of its
penicillin plant at the end of  last year. <http://www.bulls.co.zw/> Read
more >

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

Zim economy re-dollarising rapidly

The recent public notice by the Zimbabwe Revenue Authority (Zimra) on the
payment of domestic taxes in foreign currency is nothing short of a tacit
admission by government that de-dollarisation has failed. The affected
domestic taxes include Pay-As-You-Earn (PAYE), value-added tax (VAT),
corporate tax, capital gains tax (CGT) and mining royalties. The notice adds
to the promulgated Statutory Instrument (SI) 252A of 2018, which provides
for the payment of customs and excise duty for selected goods in foreign
currencies other than the local Zimbabwean dollar. The list of the selected
goods is quite extensive and includes motor vehicles, leather products,
cigarettes and a host of agricultural products, among others. The notice by
Zimra came in the same week that the Monetary Policy Committee (MPC) indexed
minimum capital requirements for local banks in United States dollars.
<http://www.bulls.co.zw/> Read more >

Formal employment elusive for Zim youths

ONLY 24% of people between the ages of 18 and 35 in Zimbabwe are formally
employed while the rest are either self-employed in the informal sector or
are sitting at home without jobs, a new British Council report shows. Young
people make up about 60% of the 14 million population according to the 2017
official survey. A report titled, Next Generation Zimbabwe January 2020 by
the British Council, which is part of the organisation's global research
series in transitioning countries, found that youths are in a challenging
socio-economic environment which made it extremely difficult for them to eke
out a living. <http://www.bulls.co.zw/> Read more >

Property value under pressure from inflation

PROPERTY investment firm Mashonaland Holdings Limited (MHL) says the
depreciating exchange rate and soaring inflation pressures have negatively
affected property income as well as values. In a statement accompanying its
results for the year ended September 30, 2019 MHL chairman Ronald
Mutandagayi said property owners had now resorted to shortening the rent
review period in order to salvage value. <http://www.bulls.co.zw/> Read more
>

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

Dutch Embassy, ZimTrade, other partners to assist women export products

ZIMTRADE, in conjunction with the Dutch embassy, Zimbabwe Agricultural
Development Trust, Hivos and PUM, have signed an implementation agreement to
support 20 female entrepreneurs to export their goods. The agreement was
signed under the programme: 2020 Food for Export Masterclass, which is
targeted at female entrepreneurs in various aspects of horticulture, dairy
production, food processing and food export business.
<http://www.bulls.co.zw/> Read more >

Mobile networks lament sub-economic tariffs amid rising costs

Mobile network giant Econet, which in December reported half-year results
weighed down by exchange rate losses, published a trading update earlier in
January that said the company's current tariffs were at "sub-economic
levels". While the company did not share details on its revenue performance,
the decline in traffic volumes across the board, at the reported
sub-economic tariff levels, means that revenues might come out lower than
expected at its full financial year end, putting pressure on the business's
ability to meet associated costs of operations. <http://www.bulls.co.zw/>
Read more >

 <mailto:info at bulls.co.zw> 

NTS records $1,8m loss

LISTED company National Tyre Services (NTS) posted a loss of $1,8 million
for the six-month period ended September 30, 2019 attributed to severe forex
shortages and extensive load-shedding. This was a shift from a profit of
$110 723 recorded same period the previous year. Listed companies are now
applying the Financial Reporting in Hyperinflationary Economies Standard
(IAS 29) in accordance with the International Financial Reporting Standards
after the Public Accountants and Auditors Board pronounced that Zimbabwe now
met the requirements for hyperinflation reporting. <http://www.bulls.co.zw/>
Read more >

Zim working on national trade and export policies

Foreign Affairs and International Trade deputy minister David Musabayana
says his ministry is working on the National Trade and Export Policies whose
promulgation will depend on cabinet and parliament. The call for these
policies comes as the national statistics agency, Zimstat, last week
reported a trade deficit that narrowed by 81% to US$474 million between
February and December last year compared to the same period in 2018.
However, the decline in the deficit is largely due to shortages of foreign
currency that has greatly reduced imports rather than a growth in exports.
<http://www.bulls.co.zw/> Read more > 

RBZ to liquidate exporters' forex

the RESERVE Bank of Zimbabwe (RBZ) says it will liquidate all foreign
currency that will be channelled into the country after the prescribed
three-month period for exporters in a desperate attempt to shore up forex
flows in the country. Zimbabwe is experiencing severe foreign currency
shortages that are choking industry and government operations. The country
requires hard currency for the importation of key commodities such as fuel,
medicines, grain and electricity. <http://www.bulls.co.zw/> Read more > 

Arda Trek Antelope goes without electricity   

THE viability of Agricultural and Rural Development Authority (Arda)-Trek
Antelope Estate in Matobo District, Matabeleland South Province, one of
Government's Command Agriculture Programme success stories is under threat
owing to unavailability of electricity for close to six months. Arda
Antelope Estate manager Mr Alec Chinyayi told Sunday News recently that the
agricultural enterprise has been relying on diesel-powered generators to
draw water for irrigation purposes following theft of electricity cables in
August last year.  <http://www.bulls.co.zw/> Read more >

CABS works on assisting SMEs on forex generation   

FINANCIAL services provider CABS says it is working on assisting Small to
Medium Enterprises (SMEs) to come up with products which meet international
standards to enable them to explore the export market so as to generate the
much needed foreign currency. In an interview with Sunday News Business on
the sidelines of an SMEs Indaba organised by Diamond Berry Enterprises last
Friday, CABS Matabeleland area manager Mr Crispen Nemunyadzo said there was
a need for small firms to produce highly competitive products to enable
themselves to tap into lucrative foreign markets so as to generate foreign
currency.   <http://www.bulls.co.zw/> Read more >

SMEs urged to form clusters   

THE Bulawayo Leather Cluster has challenged small-to-medium entrepreneurs
(SMEs) in various sectors of the economy to come up with business clusters
so as to enhance productivity and profitability of their entities. In an
interview with Sunday News Business during a tour of the Bulawayo Leather
Cluster factory by the European Union ambassador to Zimbabwe Mr Timo
Olkkonen recently, the organisation's secretary-general Mr Fungai
Zvinondiramba said clusters remained the most viable way to catapult the
growth and expansion of SMEs. <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

 Bindura Nickel Corp

CBZH

Dawn

Delta

Falgold

Fidelity

MedTech

Meikles

Turnall

Unifreight

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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