Bulls n Bears Investors Notebook Issue 417: 22 January 2020

Wed Jan 22 02:18:12 CAT 2020

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Bulls n Bears Investors Notebook Issue 417: 22 January 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

Limited Funding Over A Long Period Of Time Behind Telecel's Problems

Telecel has blamed its glaring woes on the lack of adequate funding at the
right time, Newsday reports. Speaking to the publication the company said:
Like all other local organisations, Telecel Zimbabwe's operations have been
affected by a host of factors, both macro and micro economic, but attributed
mainly to limited funding for the company over a long period of time, in the
face of challenging economic conditions in Zimbabwe.
<http://www.bulls.co.zw/> Read more >

The Zim Dollar Has Been A Disaster For The Economy

A guest columnist, John Legat, writing for the Newsday said the Zimbabwe
dollar that was introduced on 24 June last year was a disaster for the
economy of Zimbabwe.In his lengthy piece, Legat opined his reasons why he
thinks the Zim Dollar is a disaster for the economy:Funds held in the
banking system at RBZ, the interbank market or in cash notes totalled $ 14,8
billion.Some $7,4 billion was held in FCA accounts.
<http://www.bulls.co.zw/> Read more >

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

First Lady visit to China bears fruit   

GWERU businesswomen say they are ready to tap into opportunities in the
manufacturing sector as their recent trip to China with the First Lady
Auxilia Mnangagwa has started bearing fruit. The First Lady visited China
last month and held fruitful discussions with Chinese companies keen to
invest in Zimbabwe.  <http://www.bulls.co.zw/> Read more >

IPEC calls for restoration of confidence   

THE Insurance and Pensions Commission (IPEC) has urged players in the
insurance and pensions industry to prioritise customers' needs when rolling
out their products to restore confidence in the sector. Speaking during the
3rd edition of IPEC Journalism Mentorship Programme's graduation ceremony in
Harare last week, the regulator's commissioner Dr Grace Muradzikwa said
restoration of consumer confidence in the sector was their top priority in
2020.  <http://www.bulls.co.zw/> Read more >

ZimChem rallies despite challenges   

REDCLIFF-BASED chemical producer, ZimChem Refineries has recorded a  steady
improvement in production despite being dogged by a number of challenges,
chief among them raw materials shortage. In an interview on Monday, ZimChem
managing director Mr Tendai Shoko said despite his company being forced to
close its benzol plant recently, its tar plant has been doing well after
engaging more suppliers for crude tar.  <http://www.bulls.co.zw/> Read more
>

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

Mealie-meal supply to improve . . . Millers register under Govt's subsidy
programme   

THE supply of mealie-meal is expected to improve starting next week as all
millers are being registered under Government's subsidy programme while
mechanisms to import maize using free-funds have been put in place. Grain
Millers' Association of Zimbabwe (GMAZ) chairman Mr Tafadzwa Musarara said
this during a Press conference held at a Bulawayo hotel yesterday.
<http://www.bulls.co.zw/> Read more >

How Zim SMEs can survive in the global arena   

Small and medium enterprises (SMEs) play a critical role in the Zimbabwean
economy. Literature, case studies and renowned scholars suggest that SMEs
can only survive in the international business arena when they think
globally, but act locally. There are a number of issues that SMEs will need
to consider in order to compete successfully in the international
marketplace.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Zimra wants passenger, goods lists in advance   

The Zimbabwe Revenue Authority (Zimra) directed operators of all cross
border passenger vehicles to submit a full list of people and goods in their
vehicle at least three hours before arriving at the border. In a statement
issued on Monday, Zimra told all transport operators to submit in writing a
signed declaration, Customs Road Manifest (Form 1) and produce all documents
relating to the goods, freight and journey as may be requested by the
revenue officer.  <http://www.bulls.co.zw/> Read more >

Landmark ruling on US$, RTGS   

The Supreme Court yesterday ruled that all debts incurred before February 22
last year must be settled in the local currency at a 1:1 rate against the US
dollar in line with Statutory Instrument (SI) 33 of 2019. The SI abolished
the multi-currency regime and reintroduced the Zimbabwe dollar. Chief
Justice Luke Malaba made the landmark ruling in an appeal case involving
Zambezi Gas Zimbabwe (Pvt) Limited against mining services provider N.R.
Barber (Pvt) Ltd and the Sherriff of Zimbabwe. Zambezi Gas had appealed
against a High Court judgment which instructed the gas company to pay a May
2018 debt using the interbank rate and not 1:1 rate which was effected in
February 2019.  <http://www.bulls.co.zw/> Read more >

Duty on bus kits cut to 10pc   

Stakeholders in the transport industry have welcomed the Government's
decision to cut to 10 percent import duty on semi-knocked down kits used in
assembling buses, saying this will reduce the cost of the vehicles locally,
save foreign currency and create jobs. Stakeholders said cheaper buses would
see commuter fares remaining stable with a reduction in prices across the
value chain. The notice of the suspension of the duty is contained in
Statutory Instrument (SI) 8 of 2020 published in the Government Gazette last
Friday.  <http://www.bulls.co.zw/> Read more >

Youths urged to venture into SMEs   

Young entrepreneur Ashlee Nyathi has urged his peers to consider venturing
into small scale businesses to cushion themselves from economic challenges.
Speaking at a workshop he organised for young businessmen in Harare
recently, Nyathi said most youths complain about lack of employment when
they can create employment for themselves through small business ventures.
He said there are a number of banks and institutions willing to financially
assist young people who have brilliant business ideas.
<http://www.bulls.co.zw/> Read more >

ZSE to host analysts forums   

The Zimbabwe Stock Exchange (ZSE) says one of its aims this year is to host
forums for analysts as it moves to have an all-encompassing investing
analysis for counters listed on the local bourse. This will provide an
investment analysis together with recommendations for all counters as part
of efforts to enlighten potential investors on the attractiveness of the
listed securities.  <http://www.bulls.co.zw/> Read more >

Caledonia ups stake in Blanket Mine   

Alternative Investment Market (AIM)-quoted miner, Caledonia Mining
Corporation, says it has completed the acquisition of an additional 15
percent shareholding in Blanket Mine from Fremiro Private Limited (Fremiro),
taking its interest from 49 percent to 64 percent. Caledonia chief executive
Steve Curtis, yesterday said Fremiro will now hold approximately 6,3 percent
of the miner's enlarged issued share capital following a US$16,6 million
gross consideration for the 15 percent stake..  <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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