Bulls n Bears Investors Notebook Issue 465: 19 March 2020

Thu Mar 19 03:22:57 CAT 2020

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Bulls n Bears Investors Notebook Issue 465: 19 March 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

Dandemutande launches public data cloud centre   

Masawara Holdings subsidiary, Dandemutande, has setup first public data
cloud centre in the country as the company moves to align its infrastructure
to match the needs of fourth industrial revolution.The Fourth Industrial
Revolution (4IR) is characterised by the growing utilisation of new
technologies such as artificial intelligence, cloud computing, robotics, 3D
printing, the Internet of Things and advanced wireless technologies, among
others.  <http://www.bulls.co.zw/> Read more >

'Increase collaboration to substitute imports'   

INDUSTRY and Commerce Minister, Dr Sekai Nzenza, says increased
collaboration between productive sectors is critical for the country to
boost domestic production and effectively substitute unnecessary yet costly
imports. As a result of subdued domestic production, which has seen
manufacturing capacity utilisation drop to 36,4 percent in 2019 from 48,2
percent in 2018, according to the Confederation of Zimbabwe Industries
(CZI), Zimbabwe is heavily reliant on imports for both raw materials and
essential consumer goods.  <http://www.bulls.co.zw/> Read more >

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

Zim records 50k tonnes tobacco exports   

Zimbabwe has exported close to 50 000 tonnes of tobacco to different parts
of the world since the beginning of the year, latest data from the Tobacco
Industry and Marketing Board (TIMB) shows. Although TIMB did not indicate
the value of the golden leaf so far exported, the bulk of the flue-cured
tobacco has been absorbed by markets in the Far East, where 18 673 tonnes
were sold followed by the European Union with 11 205 tonnes. In its report
for the 11th week ending March 13, 2020, the marketing board as at March 12,
is on third position in terms of tobacco exports, the Middle East with 8 981
tonnes followed by markets in Africa that have bought 6 967 tonnes from
Zimbabwe. During the period under review, Europe and the Americas had bought
6 560 tonnes and 1 021 tonnes respectively.  <http://www.bulls.co.zw/> Read
more >

PPC volumes down 15 percent   

Cement maker, PPC Zimbabwe volumes for the 11 months to February 2020,
weakened by 15 percent to 20 percent compared to same period last year,
reflective of the general economic environment in the country. However, PPC
Zimbabwe remained self-sufficient and recorded improvements in earnings
before interests, tax, depreciation and amortisation (EBITDA) margins of 35
percent and 38 percent despite several challenges that weighed on business.
The operating environment has been challenging for businesses as
inflationary pressures resulted in increased cost of inputs, while causing a
decline in consumer spending. Limited access to foreign currency has also
been one of the major challenges affecting the economy.
<http://www.bulls.co.zw/> Read more >

Blanket's gold output rises   

United States based Caledonia Mining  Corporation primary asset Blanket Mine
produced a record 16 876 ounces  in the fourth quarter ended December 31,
2019 representing a 13 percent  increase from 14 952 ounces in the
comparative period backed by improved  efficiencies. In a trading update,
chief executive officer Steve Curtis said on-mine costs per ounce declined
to $651 in 2019 from $690 in 2018 owing to  lower electricity costs in the
first quarter and lower on-mine  administration costs due to the devaluation
of the local currency. Despite continued substantial investment in the
Central Shaft, the  company said cash flows remain strong. Cash flows from
operating  activities increased 13 percent to US$23,9 million from US$21,1
million  in 2018.   <http://www.bulls.co.zw/> Read more >

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

FPR resumes gold incentives payment   

Fidelity Printers and Refineries (FPR) has resumed payment of incentives for
gold deliveries as the country's single legal gold buyer seeks to ward off
competition from the alternative market. Gold miners had last received an
incentive for their produce early last year under the export incentive
scheme but this was discontinued. Zimbabwe is losing tens of tonnes of the
yellow metal to smuggling as producers opt for the all US dollar paying
parallel market as opposed to the formal market, which settles part of the
delivery in local currency using the interbank exchange rate.
<http://www.bulls.co.zw/> Read more >

Suspension of duty on sanitary wear for women   

Payment of Customs Duty remains suspended on the importation of sanitary
wear for women. Statutory Instrument 3 of 2020 has extended suspension of
duty on sanitary wear for women for importations for the period December 1,
2019 to November 30, 2020. This means that no customs duty will be charged
on importation of sanitary wear. In addition, the sanitary wear is exempted
from paying import Value Added Tax (VAT), meaning VAT is not charged in
terms of Statutory Instrument 265 of 2018 and 4 of Statutory 4 of 2020
.Statutory instrument 3 of 2020 included two additional product lines, that
is, menstrual cups of rubber and plastic. The comprehensive list of sanitary
products that qualify for the exemption of duty and VAT fall under the
following tariff codes.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

President commissions US$15m irrigation project   

PRESIDENT Mnangagwa yesterday had a hectic programme here during which he
commissioned Nyakomba Irrigation Scheme in the morning before addressing a
rally at Bumhira Secondary School in the afternoon. The project started in
2015 and was funded to the tune of US$15 million under the Japanese Grant
Aid. The Department of Irrigation under the Ministry of Lands, Agriculture,
Water and Rural Resettlement and the Japan International Cooperation Agency
(JICA) were involved in the rehabilitation and development of the facility.
<http://www.bulls.co.zw/> Read more >

BAZ extends licence applications deadline   

The deadline for digital television and community radio licence applications
has been extended to May 29. BAZ had set March 20 as the deadline for both
television and community radio station applications, while university campus
radio stations were not given any deadline. In a Press statement yesterday,
BAZ chief executive Mr Obert Muganyura said they took the decision after a
request from stakeholders. "The Broadcasting Authority of Zimbabwe wishes to
advise members of the public that the deadline for submission of licence
applications for the provision of Digital Television and Community
Broadcasting Services has been extended from the 20th of March 2020 to the
29th of May," he said.  <http://www.bulls.co.zw/> Read more >

Tongaat eyes US$30m Moza investment   

Maputo.  - The South African company Tongaat Hulett, the majority
shareholder in the Xinavane and Mafambisse sugar mills, in the Mozambican
provinces of Maputo and Sofala respectively, has promised to invest about
500 million rands (about US$29,5 million to reactivate production. The
decision to make new investment came after a long period of uncertainty
arising from possibly criminal mismanagement. Tongaat Hulett was in such
dire financial straits last year that trading in its shares was suspended on
both the Johannesburg and London stock exchanges.  <http://www.bulls.co.zw/>
Read more >

New street cameras for Harare CBD   

Harare City Council has started installing new surveillance cameras at
traffic lights in the city centre to rein in traffic offenders and thus
reduce congestion, although the cameras installed almost six years ago at
two intersections have failed to make an impact.The cameras are designed to
"capture" motorists who impede the smooth flow of traffic. It is envisaged
that the cameras will assist police in identifying criminals in the city
centre.  <http://www.bulls.co.zw/> Read more >

No more land for housing cooperatives, says council   

HARARE City Council has stopped allocating residential land to cooperative
to curb the swindling of residents by land barons running cooperatives and
instead has invited residents on the waiting list to approach the council
directly. This comes after residents have  lost their hard-earned money to
land barons who were selling a single residential stand to multiple home
seekers. Council spokesperson Mr Michael Chideme on Tuesday warned residents
against paying for residential stands to land barons and apply to the local
authority.  <http://www.bulls.co.zw/> Read more >

Emirates cancels Zim flights   

LEADING international airline, Emirates, has suspended flights from Harare
to Lusaka and then Dubai and back from 20 March to 20 May as part of
measures to curb the spread of Covid-19. In a statement, Emirates said the
move was in response to the prevailing global conditions following the
outbreak of Covid-19, which has spread across the globe and has so far
killed more than 8 000 people. The pandemic has disrupted trade and
international exhibitions and business engagements. Most countries have
effected travel restrictions as part of measures to curb the spread of
Covid-19.  <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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