Bulls n Bears Investors Notebook Issue 438: 12 February 2020

Wed Feb 12 04:30:41 CAT 2020

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Bulls n Bears Investors Notebook Issue 438: 12 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

NetOne board squabbles escalate

NETONE board members that tendered resignations letters last week have cited
lack of professionalism and tenets of good corporate governance at the
mobile network operator by some board members as the reason behind their
departure, The Herald Finance & Business can reveal. The mobile network
operator has been rocked by resignation of its board chairman - James
Mutizwa, audit committee chair, Sibonile Dhliwayo and human resources
committee chair, Keumetsi Mpandawana - that are citing lack of objectivity
in the conduct of business by some of the members. However, the board's vice
chairperson, Ms Susan Mutangadura, immediately dismissed the claims by the
trio, arguing it was the three's democratic right to express their views
after departure. The three are said to have quit the b
<http://techsavvy.co.zw/2020/02/12/netone-board-squabbles-escalate/> Read
more >

Currency stability key: Mthuli

ONE of Government's main priorities this year is exchange rate stability
that Treasury says will be achieved through the Reuters Trading System and
keeping an eye on money supply growth, a Cabinet minister has said. This
comes after President Mnangagwa, whose administration reintroduced local
currency after a 10-year hiatus amid crippling US dollar shortages, said one
of the main priorities this year is currency stability. Zimbabwe had used a
multi-currency basket since February 2009 after scrapping the local unit
after its value had been ravaged by hyperinflation. However, the Zimbabwe
dollar has lost significant value against the greenback. Exchange rate
fluctuation, since Zimbabwe floated the domestic currency on the interbank
market and later adopted a mono currency has b
<http://techsavvy.co.zw/2020/02/12/currency-stability-key-mthuli/> Read more
>

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

SMEs scramble for Growth Enterprise Market

The Financial Securities Exchange Limited (Finsec) says Small to Medium
Enterprises (SMEs) from across the sector are scrambling to register for
on-boarding on its Growth Enterprise Market (GEM) portal a month after its
launch. The GEM portal is a dedicated online platform designed for SMEs in
need of raising capital for retooling operations, increase productivity, or
to increase their product range and or to expand into diversified markets.
This caters for companies that cannot list on the primary exchange like the
Zimbabwe Stock Exchange (ZSE) primary bourse. Finsec general manager
Garikayi Munema, said the response from SMEs to the GEM portal was
encouraging as SMEs from across sectors had already submitted applications.
"The response we have received from the market so fa
<http://techsavvy.co.zw/2020/02/12/smes-scramble-for-growth-enterprise-marke
t/> Read more >

Craft Properties scoops award

Fast-growing and market leader in the property sector, Craft Properties
(PVT) Ltd, has scooped a global and prestigious award in Malaysia after
coming out tops in the business leadership category. The Kadoma-based
property development entity was awarded the World Business Leader Award at a
glamorous event held by the International World Confederation of Businesses
at the Bizz Amea in Kuala Lumpur. The event was held on November 27, 2019.
Founder and chief executive Kudakwashe Taruberekera, was rewarded for being
a successful leader who works in an innovative, knowledgeable and systematic
manner. He was rewarded for leading an entrepreneurial company honouring all
its privileges and obligations. Mr Taruberekera said: "This is an important
award to Craft Properties (PVT) Ltd
<http://techsavvy.co.zw/2020/02/12/craft-properties-scoops-award/> Read more
>

Chimanimani roads repair almost complete

Reconstruction of some of the major roads severely damaged by Cyclone Idai
in Chimanimani District early last year nears completion, a recent tour has
revealed. Chimanimani and Chipinge were the most affected districts by the
tropical storm in eastern Zimbabwe, which destroyed infrastructure worth
millions of dollars and left thousands dead in Mozambique and Malawi. Last
year, Government contracted companies to rebuild some sections affected by
Cyclone Idai and a recent visit revealed that the contractors have made
significant progress on set targets. The scope of works were so complicated
given that some of the damaged road sections had become inaccessible, making
deployment of construction equipment extremely difficult. Manicaland
Province chief engineer Mr Atherton Zindoga...
<http://techsavvy.co.zw/2020/02/12/chimanimani-roads-repair-almost-complete/
> Read more >

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

Energy key to growth

Energy remains a critical pillar for Zimbabwe and the continent to develop,
modernise and industrialise, President Mnangagwa has said. Speaking on
arrival at Robert Gabriel Mugabe International Airport from Ethiopia where
he attended the 33rd Ordinary Summit of the African Union (AU), the
President said African countries should address energy challenges which
affected industrial output and spawned job losses. Zimbabwe is in a unique
situation among its peers as it was slapped with illegal sanctions by the
West and cannot access lines of credit to speed up permanent solutions to
electricity and fuel shortages. Said President Mnangagwa: "The issue of
energy is a challenge on the entire continent. However, Zimbabwe is in the
unique situation as it has the burden of sanctions. Whereas
<http://techsavvy.co.zw/2020/02/12/energy-key-to-growth/> Read more >

Unpacking benefits of FDI to Zimbabwe

Foreign direct investment (FDI) has over the years been associated with the
economic growth of most emerging markets such as China, Vietnam and Brazil.
It is the objective of the Government of Zimbabwe to lure FDI to promote
economic growth. It is commendable that the Government has started putting
in place measures to promote FDI. For instance, the Government has revisited
the indigenisation policy to make it more attractive to foreign investors
and a restructured Zimbabwe Investment and Development Agency (ZIDA) has
been established. Authorities have also waived import taxes and surtaxes on
capital equipment. By April 2018, investment commitments to Zimbabwe were
worth US$11 billion and by the end of 2018, the country had managed to
attract US$745 million in FDI. A lot o...
<http://techsavvy.co.zw/2020/02/12/unpacking-benefits-of-fdi-to-zimbabwe/>
Read more >

 <mailto:info at bulls.co.zw> 

Enhancing the skills base of host economies

While MNCs, an integral part of modern globalisation are generally known for
developing local talent, again a question arises as to whether or not there
are robust mechanisms in place from the relevant Government departments to
ensure that in terms of succession planning local talent is clearly on the
radar. Also, employees that are already qualified for senior positions are
given due recognition by the MNCs. Cases have arisen in the past where
highly qualified persons only managed to move into senior positions occupied
by expatriates after lodging complaints with the immigration department.
This is not supposed to be the case if robust systems are in place to
prevent such situations. Boosting competitiveness of domestic firms FDI has
the potential to boost the competitiveness...
<http://techsavvy.co.zw/2020/02/12/enhancing-the-skills-base-of-host-economi
es/> Read more >

Can wind power blow into Zim?

Zimbabwe is set to conduct preliminary surveys on the potential of wind
energy in the next two years, as it seeks to explore initiatives to promote
the transition to renewable energy to improve access to clean energy and
reduce carbon emissions, a senior Government official has said. Energy and
Power Development Ministry director - energy conservation and renewable
energy Dr Sosten Ziuku told The Herald recently that the country needed to
harness its wind energy potential to help position renewables as the key to
a sustainable future. "Power generation in Zimbabwe largely relies on hydro
and thermal power at both Kariba and Hwange, and for us to have a good
energy mix, we need to start looking at wind power generation to diversify
our energy generation sources in case of problems and
<http://techsavvy.co.zw/2020/02/12/can-wind-power-blow-into-zim/> Read more
>

CBZ bows down to client backlash

FINANCIAL services group, CBZ Holdings, says it will review downwards its
Point of Sale (POS) charges following a backlash from its customers.
Frustrated consumers took to social media platforms like Twitter to condemn
CBZ and other banks for charging a flat $10 Point of Sale (POS) charge, even
for transactions less than $10. The giant bank was forced to respond on
Twitter and later issued a statement responding to client objections. In its
statement, CBZ said it had heard its customers' concerns over the high
charges. "We have taken into consideration your concerns regarding POS
charges and are proud to advise that we are in the process of reviewing
these downwards," said CBZ. The financial services group said it will advise
the new charges as soon as they are agreed.
<http://techsavvy.co.zw/2020/02/12/cbz-bows-down-to-client-backlash/> Read
more >

Premier increases stake in Namibia's manganese firm

ZIMBABWE-focused miner, Premier African Minerals, has acquired a further two
percent stake at Namibian MN Holdings Limited for US$200 000, which is
expected to assist the diversified group in restarting production at its RHA
Tungsten projects. The acquisition of an additional two percent shareholding
has brought Premier's stake in MN Holdings (MNH), which owns Otjozondu
Manganese Mining project in Namibia, to 12 percent. In a statement Premier,
which owns 49 percent shareholding in the Matabeleland North-based RHA
Tungsten project, said in acquiring a further two percent stake in MNH, it
had satisfied the consideration due through the issue of 171 074 444 new
ordinary shares. "The board of Premier African Minerals Limited is pleased
to announce that it has agreed to acquire for
<http://techsavvy.co.zw/2020/02/12/premier-increases-stake-in-namibias-manga
nese-firm/> Read more >

Employers oppose blanket minimum wage . . . Demand sector specific model

EMPLOYERS have said they prefer a sector-specific wage review mechanism as
opposed to a national minimum wage policy being advocated by social partners
under the Tripartite Negotiating Forum (TNF). In its submission, the
Employers' Confederation of Zimbabwe (Emcoz), argued that a blanket minimum
wage threatens the going concern status of businesses through loss of
competitiveness. Emcoz president, Dr Israel Murefu, said organised
businesses have since June last year been participating in the TNF and that
apart from the issue of "erosion of wages and salaries," the rest of the
issues under negotiation were generally resolved by consensus. "A blanket
similar wage policy ignores the issue of peculiarities and seriously
threatens the continued existence and viability of some sectors
<http://techsavvy.co.zw/2020/02/12/employers-oppose-blanket-minimum-wage-dem
and-sector-specific-model/> Read more >

TSP review indaba set for Mat North

FINANCE and Economic Development Minister, Professor Mthuli Ncube, will this
week meet stakeholders in Lupane, Matabeleland North province, for an
outreach engagement on the progress Government has made in implementing the
Transitional Stabilisation Programme (TSP). Government launched the TSP in
October 2018 and the programme ends this year in December with an agenda to
set the economy on a recovery path after years of stagnation. The two-year
economic blueprint acknowledges policy reform initiatives of the new
dispensation to stimulate domestic production, exports, rebuilding and
transforming the economy to an upper middle-income status by 2030.
Matabeleland North Provincial Minister of State, Richard Moyo, confirmed the
upcoming all-stakeholders' engagement indaba in a teleph
<http://techsavvy.co.zw/2020/02/12/tsp-review-indaba-set-for-mat-north/>
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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