Bulls n Bears Investors Notebook Issue 436: 10 February 2020

Mon Feb 10 11:11:14 CAT 2020

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Bulls n Bears Investors Notebook Issue 436: 10 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

Zim records spike in company mergers

The Competition and Tariff Commission (CTC) has been handling numerous
transactions involving mergers and acquisitions by companies in recent
years. Zimbabwe's poor economic environment has meant that big companies
with huge financial muscle tend to get involved in uncompetitive behaviour
that disadvantages other players. Our business reporter Fidelity Mhlanga
(FM) spoke to CTC director Ellen Ruparanganda (ER) to get an insight into
the commission's activities and approved mergers. Ruparanganda revealed that
there had been a spike in the number of mergers between 2017 and last year.
<http://techsavvy.co.zw/> Read more >

Zim joins free trade area   

Zimbabwe yesterday officially joined the African Continental Free Trade Area
(AfCFTA) despite outstanding issues "in the spirit of moving forward and our
commitment to the principles that inspired the establishment of the AfCTA",
President Mnangagwa said. In June last year, Government said it would fully
implement the AfCFTA after 15 years, when the country is expected to have
fully industrialised. Zimbabwe is a member of G6 countries, a grouping that
supports AfCFTA, but argues they face specific development challenges.
<http://techsavvy.co.zw/> Read more >

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

Penalties for businesses demanding forex   

Businesses selling goods and services in foreign currency face stiff
penalties for defying the Government, Finance and Economic Development
Minister Mthuli Ncube has said. Statutory Instrument 142 of 2019 prescribes
the Zimbabwe dollar as the sole legal tender. Previously the country used a
basket of currencies, including the US dollar, to beat challenges of the
hyperinflation era. Of late, some service stations have been selling fuel in
foreign currency, despite having bought the fuel from oil companies using
Zimbabwe dollars. Some grocers have also been insisting on foreign currency,
in defiance of the law..  <http://techsavvy.co.zw/> Read more >

Zambezi inflows to ease power cuts   

IN a development likely to light the spirits and hopes of nation long
plagued by crippling power cuts, latest official data shows water flows
along Zambezi River, towards Kariba Dam, has picked up considerably. Kariba
Dam hosts Zimbabwe's largest power station, the 1 050 megawatts Kariba South
hydro power plant, which is generating power at sub-optimal levels due to
critically low water levels after the drought experienced last year. This
has affected Zimbabwe's power supply, which requires about 1 800MW at peak
periods of demand, but can only generate around 500MW, also weighed down by
the only other major power plant, Hwange. <http://techsavvy.co.zw/> Read
more >

CAFCA export volumes jump 69pc   

Cables manufacturer, CAFCA Limited's export volumes for the first quarter to
December 31, 2019, jumped by 69 percent compared to the same quarter in the
prior year. CAFCA attributed the growth to some successful consignment stock
initiatives, but also noting the company was coming off a low base. Local
volumes decreased by 13 percent reflecting the recessionary monetary
policies in place.  <http://techsavvy.co.zw/> Read more >

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

TDB sinks $400 million in Zimbabwe

The Eastern and Southern Trade and Development Bank (TDB) has extended up to
US$400 million loans to various sectors in Zimbabwe and the regional
financial institution says it is committed to help resuscitate the country's
ailing economy. TDB, formerly the PTA Bank, on Friday signed a three-year $1
million credit guarantee with NMB Bank, guaranteeing loans from the local
financial institution to Untu Capital for on-lending to small businesses.
<http://techsavvy.co.zw/> Read more >

Meikles Hotel disposal nears conclusion   

Meikles Hospitality's disposal of its flagship hotel, Meikles Hotel has now
passed the approval stage as all regulatory approvals have been completed
with processes underway to consummate the transaction. The hotel is being
sold for US$20 million to a Dubai based Entity, Albwardy Investments and
shall be run through the company's Zimbabwean investment vehicle, ASB
Hospitality. The decision to dispose of the hotel emanated from Meikles
Hospitality's self-proclaimed incapacity to mobilise the US$30 million it
inevitably needed for the substantial modernisation of guest facilities as
well as electro-mechanical and plumbing to restore the hotel to
international standards.     .  <http://techsavvy.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Corporate earnings to take severe knock

LOCAL financial services firm IH Securities has predicted that corporate
earnings for listed companies will take a severe knock this year due to the
collapse of the local currency. The Zimbabwe Stock Exchange's (ZSE) market
capitalisation slumped by 70.3% last year compared to 31% in 2018 based on
the Old Mutual Implied Rate of US$1: $26.88. <http://techsavvy.co.zw/> Read
more >

Govt to address wage compression   

GOVERNMENT will this year prioritise addressing wage compression by
stabilising prices while allowing salaries to be increased to levels that
are commensurate with price levels prevailing in the market. Finance and
Economic Development Minister Professor Mthuli Ncube said this last week
when he visited residents in Harare's upcoming suburbs of Caledonia and
Fidelity Park where he had gone to hear their concerns in order to assist
the Government when formulating policies.  <http://techsavvy.co.zw/> Read
more >

Bulawayo business management school on the cards   

THE Minister of Primary and Secondary Education Cain Mathema has announced
plans to establish a business management school in Bulawayo to empower
informal traders with skills to better manage their finances. He revealed
this on Friday at the National Clean-up Day where he led the provincial
clean-up campaign at Lobengula Primary School in the city. Minister Mathema
said the proposed business management school will serve the communities of
Makokoba and Mzilikazi suburbs before it is expanded to serve greater
Bulawayo.  <http://techsavvy.co.zw/> Read more >

'Support small livestock farmers'   

SMALL ruminants, especially goats and sheep have the potential to improve
the lives of many people in semi-arid regions like Beitbridge where
livestock production is one of the major economic drivers. This was said by
Beitbridge West MP Ruth Maboyi during a community training session on life
skills and implementation of sustainable development programmes at
Malusungane, Ward 11 recently. The legislator said small ruminantswere
drought-tolerant as most of themsurvived on browsing rather than grazing
like cattle. <http://techsavvy.co.zw/> Read more >

Treger Plastics expands operations   

Plasticware manufacturer, Treger Plastics is expanding operations into
recycling so that it generates more foreign currency by exporting into the
region products manufactured from the recycled material. Treger Plastics, is
a division of the Bulawayo-headquartered Treger Group of Companies. Briefing
Industry and Commerce Deputy Minister Raj Modi after a tour of Treger
Plastics' factory in Bulawayo last week, the company's group exports
director Mr Craig Lowe said his organisation was investing in plastic
recycling plants to increase the division's export earnings.
<http://techsavvy.co.zw/> Read more >

Understanding the locust problem   

Zimbabwean farmers were genuinely worried when swarms of desert locusts
teared through large parts of East Africa a few weeks ago. With whispers of
a severe drought, the second in as many years, buzzing throughout the
country, the insects are the last thing farmers wanted to hear - they eat
huge amounts of vegetation, posing a serious threat to Zimbabwe's already
weakened food security situation. Zimbabwean authorities have since issued a
statement seeking to calm nerves, saying the situation was under control.
<http://techsavvy.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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