Bulls n Bears Investors Notebook Issue 539: 20 July 2020

Mon Jul 20 08:19:35 CAT 2020

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Bulls n Bears Investors Notebook Issue 539: 20 July 2020

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Govt grants Sakunda coalbed methane concession   

GOVERNMENT has granted Sakunda Holdings, a company with diverse interests in
energy and minerals - a coalbed mathane (CBM) concession in Mbungu in the
Matebeleland North province where the firm intends to set up a power plant.
The special grant (5755) and measuring about 333 000 hectares, was
previously owned by the state-owned Zimbabwe Mining Development Corporation
(ZMDC), which now becomes a minority partner in the new venture. On
Thursday, Finance and Economic Development Minister Professor Mthuli Ncube,
indicated that Sakunda had been granted a special grant for coal bed mathane
as he provided an update on the partial restructuring of state owned
entities.  <http://www.bulls.co.zw/> Read more >

Mthuli interventions receive thumbs up   

Finance and Economic Development Minister Professor Mthuli Ncube, has done
well to minimise the negative impact of the coronavirus pandemic to the
economy through a coterie of measures he proposed in mid-term budget on
Thursday, captains of industry have said. Besides the loss of hundreds of
thousands of lives globally, the coronavirus pandemic has destabilised
economies through disruptions in trade, tourism, production, productivity,
global supply chains and various other integration channels.
<http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

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

Zimbabwe probes Econet over suspected money laundering

Harare - Zimbabwean police are investigating the country's top mobile
telephone operator, Econet Wireless, for suspected money laundering,
according to a search warrant issued on Friday. Police want the
telecommunications giant to disclose its customers' details and records of
all transactions conducted within the first half of 2020 as a stand-off
between the government and the company mounts. In a dramatic move, the
government last month abruptly suspended mobile money transactions provided
by telephone operators, the most widely used platform to make and receive
payments in the crisis-ridden country.  <http://www.bulls.co.zw/> Read more
>

'Coal, energy projects will spill over to industry and commerce'   

THE growing coal and energy projects in Matabeleland North province will add
greater impetus to the country's re-industrialisation agenda with
cross-cutting impact on wider business operations, Industry and Commerce
Minister, Dr Sekai Nzenza, has said. The energy supply gap is one of the
major constraints affecting domestic industries while potential foreign
investors also pay critical attention to energy efficiency. Competency in
this sector, coupled with a robust domestic raw material base and supportive
doing business environment, are some of the top investment pullers.
<http://www.bulls.co.zw/> Read more >

NetOne & TelOne privatisation delayed because both companies couldn't afford
transaction fees

NetOne and TelOne were supposed to be privatised since 2018, and despite
government rhetoric to the effect that this was close to materialising, it
turns out both companies cannot afford the transaction fees for the
privatisation process. In the 2020 mid-term budget review, the government
reveals some details regarding why the privatisation has taken this long.
Chief among those is the fact that both TelOne and NetOne cannot afford
transaction fees to make the process a reality. What does this mean? Well,
Price Waterhouse Coopers (PWC) was appointed as the transaction advisor for
the privatisation of NetOne and TelOne. It seems they are advising on how to
comply with S.I 142 of 2019 - the statutory instrument that outlawed use of
anything other than the ZW$. <http://www.bulls.co.zw/> Read more >

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

Domestic tourism picks up the pieces   

TOURIST attractions around Bulawayo reopened last week following Government
approval for the restart of tourism activities, with facilities recording a
significant increase in domestic visitors. Although the figures were not
immediately available, Chronicle newscrew yesterday observed a significant
number of tourists accessing facilities surrounding the city. Lockdown
regulations for the tourism and hospitality sector were recently partially
relaxed by Cabinet allowing the two sectors to resume limited operations.
Tourism activities were halted in March as part of measures to curb the
spread of Covid-19. Safari operations and national parks are allowed to
re-open to help boost domestic tourism while restaurants are now allowed to
serve sitting customers within their premises, but using only half their
licensed capacity.  <http://www.bulls.co.zw/> Read more >

ZUPCO System Has Introduced A New Set Of Problems - Residents

The Bulawayo Progressive Residents' Association (Bura) has implored the
government to address transport shortages at the backdrop of government
parastatal, Zimbabwe United Passenger Company (Zupco) failing to cope with
demand. The government in March banned private-owned buses and commuter
omnibuses to ply urban routes as a strategy to monitor people going into
towns when the country is under a lockdown imposed to curb the transmission
and spread of the coronavirus.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Bindura farmers get USD   

Unlike elsewhere in the country, tobacco farmers in Bindura are being paid
United States dollars cash at the local auction floor, a move that has
brought relief to the growers and incentivised them to produce more in the
upcoming farming season. Elsewhere, tobacco farmers are grumbling because
the foreign currency component of their earnings is deposited into their
bank accounts from which they face difficulties to withdraw. But Bindura
Tobacco Auction Floor, which opened this year, is paying farmers US dollars
cash on conclusion of the sale of the crop.  <http://www.bulls.co.zw/> Read
more >

TelOne targets US$300m capitalisation   

Fixed telecommunications operator, TelOne, says it is looking for investors
to inject around US$300 million into the recapitalisation of the business.
The company has just concluded a network enhancement project, dubbed the
National Broadband Project, which was funded by a US$98 million China Exim
Bank loan facility. Managing director Chipo Mtasa said the projected
recapitalisation will further capacitate the company's operations and
service offerings. "TelOne requires a lot of capitalisation. The US$98
million that has been injected is only the first phase in terms of our
capitalisation.  <http://www.bulls.co.zw/> Read more >

Lockdown ups demand for locally-produced goods   

Although industry has experienced challenges due to Covid-19 induced
shutdowns, the same have created renewed interest for locally produced
goods. Confederation of Zimbabwe Industries (CZI) president Henry Ruzvidzo,
said the pandemic had also created opportunities for growth for local
industry as demand for some local products increased since the lockdown was
effected. Following the outbreak of the pandemic, countries closed their
borders restricting movements which resulted in supply chain disruptions.
<http://www.bulls.co.zw/> Read more >

ZTA to close defiant operators   

THE Zimbabwe Tourism Authority (ZTA) will close operations for tourism
players that would be found flouting the set guidelines and protocols to
stop the spread of the Covid-19 pandemic. In a statement, ZTA head of
corporate affairs Mr Godfrey Koti said it has come to their attention with
"great concern" that some players in the tourism industry were breaching the
laid down guidelines and protocols to curb the spread of the Covid-19
pandemic. Following the 21-day Covid-19 national lockdown that began on
March 30, the Government promulgated Statutory Instrument 099 of 2020,
allowing all formal businesses to resume operations under level 2 of the
lockdown. A further relaxation of the lockdown regulations was granted
through SI 160 of 2020 allowing sit-in guests in restaurants.
<http://www.bulls.co.zw/> Read more >

Investor promises to partake in community development   

Dinson Colliery (Pvt) Limited has undertaken to partake in community and
infrastructure development in line with Government mining strategy. This was
revealed by President Mnangagwa when he addressed Zanu PF supporters who
doorsteped him when he toured the coking coal firm here. President Mnangagwa
is on the second day of his two-day working visit of coal projects in the
coal rich area of Hwange. Dinson are in the process of constructing a coking
coal plant and are looking at venturing into coal mining as well as power
generation in future.  <http://www.bulls.co.zw/> Read more >

Banking sector withstands Covid-19 shocks   

THE banking sector has largely remained safe and resilient to the adverse
shocks of Covid-19 with adequate core capital improving by 43,78 percent to
$10,74 billion as at March 31 from $7,47 billion at the end of last year.
Finance and Economic Development Minister Professor Mthuli Ncube said this
while presenting the 2020 Mid-term fiscal policy statement in Parliament
last Thursday. "The banking sector remained largely safe and sound and
generally resilient, despite the outbreak of the Covid-19 pandemic, that has
given rise to economic uncertainties and heightened risks to overall banking
sector soundness," he said. The Reserve Bank of Zimbabwe implemented various
regulatory and supervisory measures to complement Government initiatives and
to maintain financial stability.  <http://www.bulls.co.zw/> Read more >

Stanbic Bank launches digital payment platform   

STANBIC Bank Zimbabwe has launched a technologically advanced application
that allows account holders to pay bills and make instore purchases on their
phone using QR code scanning technology. The App named "SlydePay" is a
platform which uses the wallet technology to connect one's bank account to
the payment platform, allowing customers to click on an already listed
biller and instantly process payments in real time. The App can be
downloaded online and uses the QR Code technology that enables registered
shop owners to quickly and instantaneously receive payments without contact.
<http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

Masimba

AGM

Virtual

21 July 2020 | 12pm

Proplastics

AGM

Virtual

23 July 2020 | 10am

NMB

AGM

Virtual

28 July 2020 | 10am

FMP

AGM

Ground Floor, First Mutual Park, 100 Borrowdale Road, Borrowdale

29 July 2020 | 9:30am

FML

AGM

Ground Floor, First Mutual Park, 100 Borrowdale Road, Borrowdale

29 July 2020 | 11:30am

ZBFH

AGM

Board Room, 21 Natal Road, Avondale

30 July 2020 | 10:30am

OK Zimbabwe

AGM

Virtual

30 July 2020 | 3pm

ZHL

AGM

virtual

31 July 2020 |

Delta

AGM

Virtual, Head Office, Northridge Close, Borrowdale

31 July 2020 | 12:30pm

Zimbabwe

National Heroes Day

Zimbabwe

10  August 2020

Zimbabwe

Defence Forces' Day

Zimbabwe

11  August 2020

CBZ

AGM

Virtual

14  August 2020 | 6pm

REST OF AFRICA

Counters Trading Under Cautionary

Africansun

RioZim

CBZH

Turnall

Dawn

Unifreight

Falgold

Zimplow

Zimre

Fidelity

FM Holdings

ZPI

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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