Bulls n Bears Investors Notebook Issue 432: 06 February 2020

Thu Feb 6 03:45:02 CAT 2020

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Bulls n Bears Investors Notebook Issue 432: 06 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

NSSA's Afreximbank stake yields US$2m

National Social Security Authority (NSSA)'s decision to invest offshore
yielded a US$2 million in dividend payments between 2017 and 2018. NSSA
invested US$20 million in Pan-African financial institution - African
Export-Import Bank (Afreximbank) - at the end of 2017 as a strategy to
"preserve the balance sheet value." The Authority says the foreign currency
generated from the Afreximbank investment will help meet its external
obligations and chairman Cuthbert Chidoori, has hinted at plans to extend
its offshore investment portfolio. Afreximbank is headquartered in Egypt and
is listed on the Mauritius Stock Exchange. As of May 2018, the bank's
shareholders, totalling 146, were divided into four categories: namely,
Class 'A' Shareholders - African governments, African central.
<http://techsavvy.co.zw/2020/02/06/nssas-afreximbank-stake-yields-us2m/>
Read more >

NetOne partners Zimra

NETONE's mobile financial services arm, OneMoney in partnership with the
Zimbabwe Revenue Authority (Zimra), yesterday launched a payment solution
platform that will facilitate payment of taxes and other revenue obligations
by customers. Codenamed "OneMoney-Zimra payment solution" the platform, will
allow NetOne users (companies and individuals) to pay their customs duty,
remit taxes and assessment numbers directly to Zimra. Accessible to NetOne
subscribers by dialling *554#, this payment solution provides ease of
payment of Zimra associated fees by OneMoney registered subscribers at the
click of a button. This innovation is an addition to other NetOne services
like OnePay (under One Money) - a bulk payment solution, which allows
corporates and other entities to process multiple w...
<http://techsavvy.co.zw/2020/02/06/netone-partners-zimra/> Read more >

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

Tungsten Mine readies for operations

Regional mining firm Premier African Minerals, has signed an agreement with
MN Holding Limited for the supply of mining and exploration machinery for
the former's tungsten mine in Zimbabwe - the RHA Tungsten Mine. The
agreement between Premier and MNH will initially provide Premier with the
following plant and equipment for use at RHA: two cubic meter wheel loader;
20-tonne dump truck; tractor/water bowser for dust suppression with
alternate blade for road work; and 1 x 4-wheel drive tractor-loader-backhoe.
The RHA Tungsten Mine is located approximately 270km northwest of Bulawayo.
And Premier has advanced the RHA project from an exploration project through
to a producing tungsten mining operation. Premier holds a 49 percent
interest in RHA, and has so far invested around US$
<http://techsavvy.co.zw/2020/02/06/tungsten-mine-readies-for-operations/>
Read more >

Zimtrade to share findings

National export development and promotion organisation, Zimtrade, is set to
host dissemination seminars that are meant to highlight opportunities
present in several southern African countries where it conducted market
surveys in October and November last year. The seminars, which will be held
in Harare and Bulawayo next week, will be used to share findings of the
surveys conducted in several African countries including northern Angola,
southern Namibia and Malawi. According to a statement released by Zimtrade,
the surveys revealed that local companies could leverage on the high quality
of their products to penetrate the regional export market as Zimbabwean
products were regarded as being of high quality with positive feedback
having been received on some products including cordials a...
<http://techsavvy.co.zw/2020/02/06/zimtrade-to-share-findings-2/> Read more
>

Authorised Economic Operators programme explained

Zimbabwe has implemented the Authorised Economic Operator (AEO) programme in
line with international best practice and the customs and section 216B of
the Excise Act (Chapter 23:02). What is an Authorised Economic Operator? An
Authorised Economic Operator is an entity which has been accredited by a
Customs Administration and is involved in the international supply chain. An
AEO is approved by the Zimbabwe Revenue Authority after demonstrating
compliance with fiscal legislation. Who is eligible for the AEO programme?
Importers, exporters, clearing agents, carriers, consolidators,
intermediaries, ports, airports, terminal operators, integrated operators,
warehouse, distributors and manufacturers who meet the standards outlined in
the governing legislation are legible for the AE...
<http://techsavvy.co.zw/2020/02/06/authorised-economic-operators-programme-e
xplained/> Read more >

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

TSL gets new CEO

TSL Limited Zimbabwe, has appointed Derek Odoteye as its group chief
executive officer (CEO) with effect from February 1, 2020. TSL is a leading
holding company that is listed on the Zimbabwe Stock Exchange (ZSE) and is
focused on providing solutions in logistics, real estate, commodity
production and trades in Zimbabwe and the Southern African Development
Community (SADC). Mr Odoteye replaces Patrick Davenish who held the position
since May 2018. As a Chartered Accountant by profession and an Alumnus of
Harvard Business school, Mr Odoteye's experience spans over 18 years having
worked in New York, New Jersey and the United Arab Emirates including
spending a 10-year spell with Deloitte, an international Professional
Services firm. He was a senior manager in Assurance Services. His
<http://techsavvy.co.zw/2020/02/06/tsl-gets-new-ceo/> Read more >

Alignment of wages, prices dominates TNF

The new Tripartite Negotiating Forum (TNF) comprising the Government,
business and labour, held its inaugural meeting yesterday seeking solutions
to the erosion of wages and salaries due to price increases. The process of
aligning wages and prices dominated yesterday's deliberations, with the
meeting discussing at length factors like currency stability, the poverty
datum line, and the three-tier pricing system used in some sectors of
business. While the meeting agreed on issues to do with the economy and
other aspects, no agreement was reached on a formula to link wages and
salaries to inflation. This resulted in the main item being referred to the
technical team for further consideration. Public Service, Labour and Social
Welfare Minister Professor Paul Mavima chaired the me
<http://techsavvy.co.zw/2020/02/06/alignment-of-wages-prices-dominates-tnf/>
Read more >

 <mailto:info at bulls.co.zw> 

UN applauds Zim's ICT sector

The United Nations has hailed Zimbabwe's successes in the information
communication technology (ICT) sector, adding that the continent could draw
some lessons. This was said by UN Economic Commission for Africa (UNECA)
executive secretary Dr Vera Songwe yesterday after meeting President
Mnangagwa at State House ahead of UNECA's sixth global conference on
sustainable development goals. Victoria Falls will host the indaba from
February 24 to 27. "I think Zimbabwe, for us, represents some of the
successes of the continent and some of the expectations of the continent,"
she said. "Of course, you have a good, rising ICT sector where the continent
can learn a lot from what you are doing." She noted that Zimbabwe was facing
challenges due to climate change, which could be address
<http://techsavvy.co.zw/2020/02/06/un-applauds-zims-ict-sector/> Read more >

We will ensure exporters are competitive

ZIMBABWE has over the last two decades become increasingly dependent on
export earnings to meet a significant portion of critical requirements that
include fuel, electricity, medicines, drugs and basic commodities that
include maize and cooking oil. This comes after the country went through
sustained economic downturn, which has decimated production and productivity
across key sectors such as agriculture and manufacturing, making it
inevitable that the country relies on imports for its daily needs. Critical
to maintaining the balance between the country's key requirements and the
requisite financial resources is growth of exports to generate foreign
currency, which currently is acutely inadequate for such. While both exports
and imports from and to Zimbabwe, respectively fell in 2019, I
<http://techsavvy.co.zw/2020/02/06/we-will-ensure-exporters-are-competitive/
> Read more > 

Solar power gives Mankonkoni the edge

For Kelebone Ndlovu, a farmer in the Mankonkoni area, Gwanda South
constituency, winning in the 2019 national irrigation competition was quite
unimaginable. For years, she thought winning was for those in regions with
better rains and established irrigation schemes. To her surprise, Mankonkoni
Irrigation Scheme, rehabilitated with the support of development partners
and the Government, was adjudged third best in the 2019 National Irrigation
Competition. All this was largely thanks to the availability of solar energy
from the Mashaba mini-grid. Ndlovu and 30 other members of the scheme were
now among the 10 000 people benefiting from Zimbabwe's first solar-powered
mini-grid in Gwanda District, giving farmers a much cheaper and reliable
energy source. The Mashaba solar-power
<http://techsavvy.co.zw/2020/02/06/solar-power-gives-mankonkoni-the-edge/>
Read more > 

Zimtrade to share findings

National export development and promotion organisation, Zimtrade, is set to
host dissemination seminars that are meant to highlight opportunities
present in several southern African countries where it conducted market
surveys in October and November last year. The seminars, which will be held
in Harare and Bulawayo next week, will be used to share findings of the
surveys conducted in several African countries including northern Angola,
southern Namibia and Malawi. According to a statement released by Zimtrade,
the surveys revealed that local companies could leverage on the high quality
of their products to penetrate the regional export market as Zimbabwean
products were regarded as being of high quality with positive feedback
having been received on some products including cordials a...
<http://techsavvy.co.zw/2020/02/06/zimtrade-to-share-findings/> Read more >

Fruit Logistica unlocks growth

ZIMBABWE'S horticultural sector is set to hog the limelight when the country
showcases its horticultural produce for the first time at Fruit Logistica in
German. Fruit Logistica is a leading international trade fair for the fruit
and vegetable industry. The three-day fair is currently underway in Berlin.
The event started yesterday and is expected to end tomorrow. Fruit Logistica
provides a platform for fruit and vegetable producers, buyers, packagers,
handling experts and other interested parties from across the globe to
exhibit under one roof. Over 75 000 trade visitors and more than 3 000
companies are expected to participate at the event, offering a unique
opportunity for Zimbabwean companies to interact with potential buyers and
distributors from across the world. ZimTrade, h.
<http://techsavvy.co.zw/2020/02/06/fruit-logistica-unlocks-growth-2/> Read
more >

ZimTrade seminars to discuss market surveys on 3 countries

THE country's national export development and promotion agency, ZimTrade
will next week host seminars in Bulawayo and Harare to discuss findings of
market surveys it conducted in Namibia, Malawi and Angola last November. In
a statement, ZimTrade said the surveys were conducted to explore products
and services with market potential in the three countries. "The national
export development and promotion organisation, will host information
dissemination seminars in Harare and Bulawayo on 13 and 14 February
respectively to share findings of market surveys conducted in Malawi,
Northern Namibia and Southern Angola in October and November last year. "The
surveys were conducted to explore products and services with market
potential in these countries, as well as establish contacts with t
<http://techsavvy.co.zw/2020/02/05/zimtrade-seminars-to-discuss-market-surve
ys-on-3-countries/> 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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