Bulls n Bears Investors Notebook Issue 413: 16 January 2020

Thu Jan 16 11:34:01 CAT 2020

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Bulls n Bears Investors Notebook Issue 413: 16 January 2020

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

Mthuli promises Airzim wings   

ZIMBABWE'S flag carrier, Air Zimbabwe (Airzim), will be in the skies before
end of year in a measure targeted at boosting the country's tourism, Finance
minister Mthuli Ncube has said.The struggling airline - which completed
adjudication of bids submitted by three investors that have expressed
interest in acquiring its shares last month - was placed under
administration in October last year in an effort to revive its fortunes.
<http://www.bulls.co.zw/> Read more >

Inflation slows down   

Zimbabwe's month on month inflation dropped to 16,55 percent in December
after shedding 0,91 percentage points from the previous month, according to
data from the Zimbabwe National Statistical Office released yesterday.
Although the figure is the lowest level reached since May 2019, it still
missed the Reserve Bank of Zimbabwe target of 10 percent.
<http://www.bulls.co.zw/> Read more >

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

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

Change of Vat rate  on imports explained

If the goods being imported are subjected to value added tax, they shall be
subjected to value added tax at 14,5 percent at the time of importation.
With effect from  January 1, 2020, the rate of value added tax on standard
rated goods was reduced from 15 percent to 14,5 percent. What is the effect
of the change on imported goods? If the goods being imported are subjected
to value added tax in terms of the value added tax regulations they shall be
subjected to value added tax at 14,5 percent at the time of importation.
<http://www.bulls.co.zw/> Read more >

Econet shifts business to digital lifestyle   

Econet Wireless Zimbabwe has embarked on a marketing communication campaign
aimed at positioning the company as a digital lifestyle network that
enhances people's lives. In a statement, the company confirmed that the
campaign was already under way. "We creating awareness of the vast digital
opportunities at the disposal of Econet customers to ensure they take full
advantage of them and enjoy the value and convenience that our services and
our digital platforms bring to their lives," the statement said.
<http://www.bulls.co.zw/> Read more >

Govt urged to do more   

Government needs to do more in addition to reforms in order for the country
to realise projected growth as well as full international reintegration and
associated support, Old Mutual Investment Group said in its latest monthly
brief. Domestic reforms alone are not enough to bring the desired economic
recovery needed in the country.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Two firms eye Zimglass stake   

Two local companies, including one owned by a top Indian investor with
interests in mining industry, are angling for a shareholding in Zimbabwe
Glass Holdings. Zimglass was closed in September 2010 for refurbishments but
the company failed to secure funding, leading to its placement under
judicial management in 2014. About US$10 million is required to revive the
plant, whose bulk of equipment is now beyond repair.
<http://www.bulls.co.zw/> Read more >

Zimparks records 5,6pc increase in tourism   

VICTORIA Falls Rainforest continues to record an increase in the number of
people visiting the tourist attraction as 357 552 people visited the world
heritage site last year compared to 338 472 in 2018. The latest figures from
the Zimbabwe Parks and Wild Life Management Authority (Zimparks) reflect a
5,6 percentage increase.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Crop situation improves   

The crop situation has improved following rains that have hit the country in
the last few days bringing renewed hope of decent harvests. Crops were
deteriorating before the turn of the New Year as the dry spell prolonged
across the country. Hope among farmers is high, especially after the
Meteorological Services Department (MSD) said more rains, accompanied by
thunderstorms, were expected this week.  <http://www.bulls.co.zw/> Read more
>

Canadian firm to upgrade Zim railway network   

A Canadian company with mining interests in Africa has expressed willingness
to rehabilitate the railway line connecting four countries in the Sadc
region, including Zimbabwe. The company - Ivanhoe Mines Limited - has
operations in South Africa and the Democratic Republic of Congo (DRC).
<http://www.bulls.co.zw/> Read more >

Cash shortfalls and discipline   

MANY employees who work with cash wrongly think that after the employer has
recovered cash shortfall, the matter is closed.  Many organisations
particularly supermarkets where there are cashiers, have policies that allow
the employer to recover for cash shortfalls and this has resulted in some
employees helping themselves with the employer's money with a view of having
the money deducted from their salaries at the end of the month.
<http://www.bulls.co.zw/> Read more >

Sanctions scuttle NRZ recapitalisation   

SECURING an investor to fund the US$400 million recapitalisation of the
National Railways of Zimbabwe is not an easy task in light of the illegal
economic sanctions the country is reeling under. Responding to questions
from journalists during a media briefing soon after their engagement with
officials from China Mining Logistics Holding Company in Bulawayo last week,
NRZ board chairman Advocate Martin Dinha said raising US$400 million under
an environment characterised by sanctions was a mammoth task.
<http://www.bulls.co.zw/> Read more >

PPC completes Bond Programme repayment   

LISTED cement manufacturer, Pretoria Portland Cement (PPC) says it has
successfully completed repayment of a Bond Programme. In a statement issued
on the Zimbabwe Stock Exchange to shareholders early this week, PPC said as
result of the completion of the bond repayment initiative in October last
year, it subsequently terminated the rating service agreement with the
ratings agency, S&P Global Ratings.  <http://www.bulls.co.zw/> Read more >

Govt misses 10% year end inflation target

ZIMBABWE'S implied annualised inflation rate closed 2019 at 521%, defying
authorities' target to reduce it to at least 10-15%. According to Zimbabwe
National Statistics Agency (ZimStat) month-on-month inflation rate in
December 2019 was 16,55%, shedding 0,91 percentage points on the November
2019 rate of 17,46%.  <http://www.bulls.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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