Bulls n Bears Investors Notebook Issue 431: 05 February 2020

Wed Feb 5 11:57:15 CAT 2020

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Bulls n Bears Investors Notebook Issue 431: 05 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

First Mutual Health rates up

First Mutual Health - a subsidiary of First Mutual Holdings that offers
medical aid insurance schemes has reviewed corporate member contributions
upwards effective January 1, 2020. The company offers medical insurance
schemes through packages that range from general medical to more
comprehensive private medical cover plans. It has seven medical cover plans
namely; the Topaz, Coral, Ruby, Amber, Sapphire and Opal Plans. Contribution
rates fall into two main categories covering adults and children. In a
circular to members released on Monday, First Mutual Health indicated the
decision emanated from the desire to preserve values of member contributions
possibly on the back of inflation and subsequent rising costs of goods and
services. This had made insignificant the price adjust.
<http://techsavvy.co.zw/2020/02/05/first-mutual-health-rates-up/> Read more
>

AfDB projects 4,6pc Zim growth

THE African Development Bank (AfDB) has given the most optimistic forecast
thus far of economic rebound in Zimbabwe this year after the lender
projected the domestic economy to grow by 4,6 percent. The regional banking
group, however, noted that the anticipated economic expansion, after it
projected contraction of 12,8 percent for 2019, will depend on the correct
policy interventions being instituted for macro-economic stability and
recovery. Finance and Economic Development Minister Mthuli Ncube projected
in his 2020 national budget that the economy will rebound by 3 percent this
year from drought and cyclones (Idai and Kenneth) induced decline of 6,5 in
2019. The World Bank and International Monetary Fund have also projected
growth for Zimbabwe, although revised down from initia...
<http://techsavvy.co.zw/2020/02/05/afdb-projects-46pc-zim-growth/> Read more
>

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

Zimplats minerals output down

Resources group, Zimplats Holdings Limited's six elements (6E) production
for the quarter to December 31, 2019 totalled 115 908 ounces, which was 18
percent below same period in the prior year. The 6E comprise of platinum,
palladium, gold, rhodium, ruthenium and iridium. Quarter on quarter, 6E
production fell 23 percent. "6E metal production in final product decreased
by 23 percent from the previous quarter mainly due to an increase in
concentrate stocks and the build-up of inventory in the furnace on start-up
after the 122-day major rebuild shutdown. "The furnace inventory build-up is
expected to reverse during the financial year and it is anticipated that all
the concentrates stock-piled will be smelted before the end of the year,"
said Zimplats in a report for the quarter under
<http://techsavvy.co.zw/2020/02/05/zimplats-minerals-output-down/> Read more
>

NTS products, services demand linger

Zimbabwe Stock Exchange listed company - National Tyre Services (NTS)
Limited, says it expects demand for its products and services to "remain"
despite the obtaining turbulent business environment. In the half year
results up to September 2019, the tyre making firm highlighted that although
operations remain difficult, it foresees continued demand for its products
and services. Just like a considerable number of local based companies, NTS
indicated that it was not spared from foreign currency deficiency and
crippling power shortages that negatively weighed down on operations.
Resultantly, the challenges, coupled with wearing demand saw NTS posting an
inflation-adjusted loss of $1,8 million for the six months to September
2019. However, the tyre making concern is upbeat that i
<http://techsavvy.co.zw/2020/02/05/nts-products-services-demand-linger/>
Read more >

ZSE gears up financial literacy drive

The Zimbabwe Stock Exchange (ZSE) has moved a gear up in driving financial
literacy to demystify capital markets that are often viewed as a preserve
for the elite. The bourse has released its 2020 training dates for several
financial literacy courses. ZSE chief executive Justice Bgoni, has long
promised to pursue a three-fold mandate, part of which speaks to the
promotion of financial literacy for enhanced financial inclusion. The
training courses consist of programmes aimed at addressing issues from
corporate administration basics to basics about capital markets and capital
raising through the bourse. Since focus is on growth of capital markets and
promotion of an investment culture in the country, participants shall
possibly be drawn from the broad business community from t...
<http://techsavvy.co.zw/2020/02/05/zse-gears-up-financial-literacy-drive/>
Read more >

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

Millennials are running out of time

A Director of Ceremonies at a recent event passed an uncomfortable joke to
those who were present. He asked what the year 2020 meant to different
people in the audience. Made up of youth entreprenuers, the responses were
an attempt to impress and sound profound. Some said it was a year of
execution, year of growth and others went as far as diving into the
intricacies of business planning. Letting out a small chuckle, the Director
of Ceremonies said while the responses were brilliant, they were not what he
was looking for. To him, 2020 means a child born in 1990 is now 30 and has
only five years left within the youth demographic. Not that there is any
preconceived benefit with being called youth or young but the import of the
humour was to put into perspective how quickly ti...
<http://techsavvy.co.zw/2020/02/05/millennials-are-running-out-of-time/>
Read more >

Brexit: Business as usual for Zimbabwe

Zimbabwe's bilateral agreements with Britain will not be affected by the
United Kingdom's withdrawal from the European Union (EU) because
international treaties governing the two countries are still bound by the
agreement between Harare and the EU, Government has said. Spokesperson for
the Ministry of Foreign Affairs and International Trade Mr Steven Gwenzi
said the business community, whose agreements with Britain were created
through the EU, need not to worry because the existing international
agreements between the bloc and Harare will remain in force during the
transitional period. There has been uncertainty over what will happen to
import or export agreements that were signed between businesses in Zimbabwe
and Britain under the auspices of the EU after Britain announced that it
<http://techsavvy.co.zw/2020/02/05/brexit-business-as-usual-for-zimbabwe/>
Read more >

 <mailto:info at bulls.co.zw> 

Macadamia farmers bemoan EU snub

Two decades after land reform, resettled macadamia nut farmers, especially
in the eastern parts of the country, remain unable to export their produce
to Europe as they are considered to be farming on disputed land. The
farmers, whose only other market overseas is Asia, are now appealing to the
Government to consider compensating the former commercial macadamia farmers
to unlock the European Union (EU) market, which offers better prices.
Macadamia nuts have potential to generate millions in foreign currency for
the country, but this has not been fully exploited due to a number of
challenges including lack of access to lucrative markets like Europe.
Macadamia Association of Zimbabwe secretary-general Mr James Maisiri said
while the Asian market was accessible, farmers needed to acce...
<http://techsavvy.co.zw/2020/02/05/macadamia-farmers-bemoan-eu-snub/> Read
more >

Blitz on illegal miners nets 114 in Mash West

Police in Mashonaland West Province have arrested 114 illegal miners during
a blitz on machete-wielding gangs, provincial police officer Assistant
Commissioner Priscilla Makotose has said. Speaking recently at Chinhoyi
Central Police Station during Home Affairs and Cultural Heritage Minister
Kazembe Kazembe's familiarisation tour of the provincial office, Asst Comm
Makotose said the arrest was one of her officers' success stories so far
this year. She said they were making steady progress, especially in
hotspots, despite the limited resources at their disposal. The hotspots
include Kadoma, Sanyati, Chikuti and some parts of Makonde district. "One of
our success stories is, we managed to account arrests of machete wielding
gangs since the beginning of the year and this is no m
<http://techsavvy.co.zw/2020/02/05/blitz-on-illegal-miners-nets-114-in-mash-
west/> Read more > 

Powerspeed AGM to adopt share option scheme

POWERSPEED Electrical Limited (PEL) will seek to adopt a share option scheme
involving 10% of the company's shares for the purpose of employees and
directors at its annual general meeting next month. In a notice issued
yesterday announcing the AGM slated for March 5, 2020, the company said that
38 million shares would be put up for the share option scheme. "That 10% of
the issued share capital, amounting to 38 000 000 shares of the company be
placed under the control of the directors, who shall have the authority to
issue them to employees and directors for the purpose of a staff share
option scheme," PEL said. "The ZSE [Zimbabwe Stock Exchange] approved share
option scheme rules will be made available for inspection at least 14 days
prior to the date of AGM." Typically, under
<http://techsavvy.co.zw/2020/02/05/powerspeed-agm-to-adopt-share-option-sche
me/> Read more > 

Anxiety as Zera extends fuel licences

THE Zimbabwe Energy Regulatory Authority (Zera) has for the second time
extended the duration of fuel licences by one month, saying it is consulting
with its stakeholders on the new framework, sparking anxiety among players.
Fuel dealer's licences, whose lifespan is one year, expired on December 31,
2019. The fuel regulator communicated the move to fuel players through a
circular dated January 31, gleaned by NewsDay Business. "Please be advised
that the validity of the petroleum sector licences has been further extended
to February 29, 2020. Zera will advise of any changes before the new expiry
date," Zera said. Fuel dealers fear that the energy regulator will increase
the fees to obscene levels and elbow out up-and-coming indigenous operators.
The delay in issuing fuel impo
<http://techsavvy.co.zw/2020/02/05/anxiety-as-zera-extends-fuel-licences/>
Read more >

SA-Zim bilateral agreement in limbo

THE Zimbabwe Clothing Manufacturers' Association (Zcma) has urged government
to use the clothing industry as a driver of employment and economic growth,
just like what other developing countries have done and succeeded. Zcma
chairperson Jeremy Youmans told NewsDay Business that there was need for
government to fully support the clothing and textile industry which employed
over 35 000 people at the turn of the millennium. Currently, the sector
employs about 3 500 people. "The local textile industry is under extreme
distress. They export most of their products. This means that our industry
needs to import more and more. We are the biggest value adder in the value
chain and so allocations of forex to the clothing sector should have the
biggest payback," Youmans said. "The value ad
<http://techsavvy.co.zw/2020/02/05/sa-zim-bilateral-agreement-in-limbo/>
Read more >

Drought hits tobacco farmers . . . Output expected to dip 13 percent

ZIMBABWE's tobacco output is expected to decline by 13 percent to 225
million kilogrammes this year from a record high of 259 million kilogrammes
in the last season due to drought. The 2019/20 summer cropping season has of
late been hit hard by the extremely hot weather conditions, which have
largely affected output across the agriculture sector as some crops such as
maize have wilted while deaths caused by drought in livestock have been
recorded across the country in Matabeleland South, Matabeleland North and
Masvingo, among others. Speaking by telephone yesterday, Tobacco Industry
and Marketing Board (TIMB) chairperson Mr Patrick Devenish said initial
estimates indicate that 225 million kilogrammes of tobacco would be
delivered to the auction floors this year. "The earliest es
<http://techsavvy.co.zw/2020/02/05/drought-hits-tobacco-farmers-output-expec
ted-to-dip-13-percent/> 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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