Bulls n Bears Investors Notebook Issue 437: 11 February 2020

Tue Feb 11 04:08:02 CAT 2020

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Bulls n Bears Investors Notebook Issue 437: 11 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

Printing industry appeals for protection policy

THE printing industry has called on Government to enact policies that will
allow all the country's textbooks to be printed locally to support economic
growth through employment creation and curbing foreign currency
externalisation. This emerged during a tour of companies in the printing and
packaging industry by Industry and Commerce Deputy Minister Raj Modi in
Bulawayo last week. The Deputy Minister visited Directory Publishers,
Polyfoil Zimbabwe and Treger Plastics to hear their concerns and policy
suggestions that would address their plight. Federation of Master of
Printers of Zimbabwe chairman Mr Benison Ntini said local firms have
adequate capacity to service all printing tenders. "Because of the
confidence we have in the economy we were encouraging our players to think
<http://techsavvy.co.zw/2020/02/11/printing-industry-appeals-for-protection-
policy/> Read more >

ZPC misses annual output target

REDUCED water levels at Kariba Dam and constant breakdowns at the Hwange
Thermal Power Station saw the Zimbabwe Power Company (ZPC) miss its 2019
output target by 17 percent. Kariba Dam is home to Zimbabwe's largest
hydro-power station, which has capacity to produce 1 050 megawatts, but is
currently generating electricity at reduced levels due to critically low
water levels following the drought experienced in the catchment area of its
main feeder rivers. "In 2019, ZPC sent out 7445.18GWh for the period
spanning January to December 2019 against a target of 8973.53GWh," the ZPC
said. "We missed the set annual target by 17.03 percent. This is
attributable to the depressed generation at Kariba, following the decreased
water allocation by ZRA due to low water levels caused by lower th
<http://techsavvy.co.zw/2020/02/11/zpc-misses-annual-output-target/> Read
more >

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

Comesa mulls market infrastructure at borders

THE Common Market for Eastern and Southern Africa (Comesa) plans to set up
market infrastructure near borders to ease connection challenges between
traders and customers. In a statement, Comesa said it has been discovered
that poor quality or absence of storage facilities was resulting in traders
selling perishable stock at losses to prevent spoilage. Against this
background, a cross border market infrastructure benchmark was recently
conducted with a view to come up with recommendations for the setting up of
necessary infrastructure to ease a host of challenges traders within the
Comesa region were facing. "It has been discovered that lack of market
infrastructure near borders reduces the connection between traders and
customers," said the trading bloc. "Female cross border traders w
<http://techsavvy.co.zw/2020/02/11/comesa-mulls-market-infrastructure-at-bor
ders/> Read more >

ZTA, tourism operators partner to promote domestic tourism

THE Zimbabwe Tourism Authority (ZTA) and tourism industry players have
embarked on an aggressive campaign to promote local travel and tour
packages. The promotion drive places focus on this year's Valentine's Day, a
time when people express love, affection and friendship. The period is
celebrated in many ways worldwide and falls on the 14th of February each
year. The drive comes as domestic tourism is facing challenges including
high prices. ZTA head of corporate affairs Mr Godfrey Koti said they had
forged a partnership with tourism operators to create visibility around the
domestic product. "We know the importance of digital marketing and as the
authority responsible for marketing the tourism industry, we have
collaborated with various operators to further create visibility ar
<http://techsavvy.co.zw/2020/02/11/zta-tourism-operators-partner-to-promote-
domestic-tourism/> Read more >

Hwange expansion project 40pc complete

THE US$1,5 billion Hwange Thermal Power Station Expansion project is now 40
percent complete with the contractor, Sino Hydro, optimistic that the
project will meet the January 2022 deadline. The project is expected to add
600MW to the national grid and is one of the key infrastructure development
initiatives meant to stimulate economic growth in the country. According to
ZBC News, a delegation from the Matabeleland North Provincial Affairs
Minister's office visited the site last Friday to assess progress. Site
manager, Engineer Forbes Chanakira, told the delegation that despite foreign
currency challenges, notable progress has been made in construction with the
entire project now 40 percent complete. "We are now in the 19th month and as
I have already indicated that Unit 7 start-u
<http://techsavvy.co.zw/2020/02/11/hwange-expansion-project-40pc-complete/>
Read more >

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

Innovation key to agric productivity

BARELY a week after most parts of the country received heavy downpours, some
crops were already showing signs of moisture stress. And it looked like it
was back to square one for the affected farmers. You ask them to comment on
what was happening, and they would brazenly tell you that if they had
irrigation infrastructure, they would nurse their crops through the dry
spell. The crux of the matter here is that they cannot afford that option,
but they still needed to act to at least salvage something. It is
unfortunate that year-in, year-out, some farmers, especially in the
country's dry regions, have to helplessly watch their crops wilt and dry
under the scorching sun even when they had been showing signs of promise,
yet in some cases they are a stone's throw away from a big water body o
<http://techsavvy.co.zw/2020/02/11/innovation-key-to-agric-productivity/>
Read more >

Zimra staff gets accommodation

THE Zimbabwe Revenue Authority (ZIMRA) has been commended for prioritising
the welfare of it staff by building houses especially for its staff
stationed at border posts. Over the weekend, ZIMRA commissioned 20 houses
for its staff at Chirundu Border Post. Officiating at the commissioning
ceremony on Saturday, Finance and Economic Development Minister Professor
Mthuli Ncube said the initiative was set to meet the housing needs of
employees, a key factor in the discharge of their duties. "This project is
important not only in that it goes a long way towards meeting the housing
needs of ZIMRA staff, but even more critically in that it helps in the long
run to ensure that our Government meets its long-term national economic
objectives through ZIMRA's revenue collection and trade facil
<http://techsavvy.co.zw/2020/02/11/zimra-staff-gets-accommodation/> Read
more >

 <mailto:info at bulls.co.zw> 

US$-RTGS court ruling challenged

NR Barber, a mining firm, is seeking the Constitutional Court (Concourt)'s
permission to challenge last month's Supreme Court ruling which converted
United States dollar debts to the Zimdollar at a rate of 1:1 in line with
Statutory Instrument 33 of 2019. The company is basing its challenge on its
submission that the Statutory Instrument was unconstitutional and that it
should have been declared so at the appeal hearing which overturned a
previous High Court ruling that debts in US dollars retained their value in
that currency. The firm lost its case last month after Zambezi Gas Private
Limited, a mining services provider, successfully appealed to overturn the
earlier ruling by the High Court, which was in favour of NR Barber. The
Supreme Court found that the statutory instrument
<http://techsavvy.co.zw/2020/02/11/us-rtgs-court-ruling-challenged/> Read
more >

Banks up SMEs support game

Trade and Development Bank (TDB), formerly the PTA Bank, has intensified
efforts to support growth of local Small to Medium Enterprises by signing a
three-year $1 million credit guarantee with NMB Bank, securing loans from
the bank to Untu Capital for on-lending to small businesses. TDB is a
specialised investment bank that finances trade and projects in eastern and
southern Africa. The bank fosters trade, regional economic integration and
sustainable development. Amounts to be guaranteed under the fresh
arrangement will, however, be scalable up to $6 million and will be blended
with a technical assistance grant of $250 000 to enhance Untu's lending
capacity to SMEs in Zimbabwe. The development is in addition to the previous
partnership the regional bank had with Untu Capital for
<http://techsavvy.co.zw/2020/02/11/banks-up-smes-support-game/> Read more >

ZimTrade unveils 2020-2023 strategy

National export development and promotion agency, ZimTrade says it has
identified seven regional markets and three new markets outside Africa in
its 2020 to 2023 strategy to increase participation in export promotion
activities. The markets include Zambia, Mozambique, Botswana, Malawi, DRC,
Namibia and Angola, as well as Dubai, China and Japan. Speaking to The
Herald Finance & Business, last week, ZimTrade chief executive officer,
Allan Majuru said; "ZimTrade has in its 2020 to 2023 strategy identified
seven regional markets, where participation in export promotion activities
will be increased, as well as conduct innovative in-market promotional
activities in conjunction with our embassies. These markets are Zambia,
Mozambique, Botswana, Malawi, DRC, Namibia, and Angola. "They
<http://techsavvy.co.zw/2020/02/11/zimtrade-unveils-2020-2023-strategy/>
Read more >

New investment options for pension funds

Government will introduce a number of derivatives and investments assets by
the end of the first quarter, which will help soften pension funds' skewed
investments in the equities market and property sector. These entities'
investment in properties currently means their funds are tied down for
near-term obligations. An analysis of data from the Insurance and Pensions
Commission (IPEC)'s latest quarterly reports show that the total value of
the country's pension funds (consisting of insured funds, self-administered
funds and stand-alone self-administered funds) amounted to just below $10
billion (approximately US$622 million). Of the US$622 million, US$244
million was invested in equities with US$225 million invested in property,
while a total of US$47 million was invested in prescr
<http://techsavvy.co.zw/2020/02/11/new-investment-options-for-pension-funds/
> Read more >

Steward Bank Has A New CEO

On 30 June 2019, the then Steward Bank CEO Lance Mambondiani left the bank
abruptly. Sources say Mambondiani was fired although this was denied by him
and Steward Bank. Since then, the bank has been coasting along without a
substantive chief while board member Kris Chirairo was acting in the role.
Today, Steward Bank has confirmed the appointment of Courage Mashavave as
the new boss. Yes, this is a name you know: Courage is husband to celebrated
gospel singer Fungisayi Zvakavapano Mashavave. Where is he coming from
Mashavave is coming from TN Holdings, the former owners of Steward Bank when
it was still TN Bank. He is also said to be involved with Strive Masiyiwa's
personal business interests. The job The new CEO takes over a bank that has
been more or less in hibernation since
<http://techsavvy.co.zw/2020/02/11/steward-bank-has-a-new-ceo/> Read more >

Minister Modi stops extortionist retailers . . . Subsidised roller meal sold
at inflated price of $78

INDUSTRY and Commerce Deputy Minister Raj Modi yesterday intervened to stop
two shops in Bulawayo from selling a 10kg bag of subsidised roller meal at
an inflated price of $78. The customers were made to buy mealie-meal at a
high price at Camfro Generals shop and Curtain Corner shop located along
Fort Street between 5th and 6th Avenues. When The Chronicle visited the two
shops at around 12PM, the customers were flocking into the shops to buy the
mealie meal at a normal price after Deputy Minister Modi convinced the
owners to reduce the price to $50. In an interview, the Deputy Minister said
he visited the shops following a tip-off from one of the customers who was
concerned over the hiked prices of the basic commodity in the shops. He
condemned the practice of abusing the sub...
<http://techsavvy.co.zw/2020/02/11/minister-modi-stops-extortionist-retailer
s-subsidised-roller-meal-sold-at-inflated-price-of-78/> 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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