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The Daily Economic Update Group Corporate Strategy ZB Financial Holdings Limited 1st Floor, 21 Natal 21 Natal Road, Belgravia, Box 3198, Harare Tel: +263 (0)8677002001 The Daily Economic and Business News Update, Thursday, 20 June 2019 Foreign Currency, Money, Equities & Commodities Markets Overview Foreign Currency Markets International Stock Markets Year–On-Year Inflation Rates Currency 20-06-19 19-06-19 Index 19-06-19 18-06-19 Change Country Rate USD/RTGS 6.2100 6.2100 Dow Jones 26,504.00 26,465.54 +0.15% Zimbabwe 97.85%May USD/ ZAR 14.2812 14.5066 NASDAQ 7,987.32 7,953.88 +0.42% South Africa 4.5%May May EUR/ USD 1.1274 1.1199 FTSE All Share 4,040.93 4,060.63 -0.49% Malawi 8.9% GBP/USD 1.2695 1.2552 Nikkei 225 21,480.17 21,342.60 +0.64% Zambia 16 8.0% May USD /BWP 10.6838 10.7759 DAX 12,308.53 12,331.75 -0.19% Botswana 2.6% May Old Mutual Implied Exchange Rates Mozambique 2.42%May Currency 19-06-19 18-06-19 May 2019 Apr 2019 Mar 2019 Feb 2019 Namibia 4.1% May USD/ZWL 10.4649 10.5709 9.7191 6.1291 5.4150 4.4057 Kenya 5.49% May ZWL/ZAR 1.4058 1.3948 1.2609 1.2938 1.3073 3.1868 Ghana 9.4% May Regional Stock Markets Nigeria 11.4%May Index 19-06-19 18-06-19 Change Interest rates 19-06-19 Brazil 4.66%May ZSE Industrial Index 729.64 731.22 -0.22% SARB Prime Rate 10.25% China 2.7%May ZSE Mining Index 282.64 266.63 +6.00% BOB Prime Rate 5.00% Canada 2.0%Apr ZSE All Share 218.77 219.03 -0.12% LIBOR One Month 2.383% Germany 1.4%May JSE All Share 58,564.72 58,629.09 -0.11% LIBOR Three Month 2.387% Australia 1.3%Apr Ghana SE-CI 2,398.06 2,397.95 +0.11% LIBOR One Year 2.264% U.K. 2.1%Apr Nairobi All Share 147.53 148.50 -0.65% Federal Discount Rate 1.000% Japan 0.9% Apr Nigeria All Share 29,772.72 29,818.80 -0.15% Federal Prime Rate 3.500% U.S.A. 1.8%May Last Daily YTD YTD Issued 19-06-19 18-06-19 Traded Change Change Change Zimbabwe Market Cap. ZSE Counter (US$) (US$) (US$) (US$) (US$) (%) Shares (US$) ZB Financial Holdings 0.49 0.49 0.49 0.000 +0.13 +36.11% 175,190,642 85,843,414.58 First Capital Bank Limited 0.0871 0.0801 0.0801 +0.007 +0.0271 +45.17% 2,156,260,176 187,810,261.33 CBZ Holdings Limited 0.5 0.4537 0.4537 +0.0463 +0.35 +233.3% 687,231,691 343,615,845.50 Econet Wireless Zimbabwe 2.0365 2.2404 2.2404 -0.2039 +1.1365 +126.3% 2,590,577,000 5,275,710,060.50 FBC Holdings Limited 0.6025 0.5025 0.5025 +0.1 +0.4025 +201.3% 671,949,927 404,849,831.02 Fidelity Life Assurance 0.11 0.11 0.11 0.000 0.000 0.00% 108,923,291 11,981,562.01 Get Bucks 0.12 0.12 0.12 0.000 +0.083 +224.3% 1,093,567,251 131,228,070.12 NMBZ Holdings Limited 0.28 0.28 0.28 0.000 +0.19 +211.1% 392,954,830 110,027,352.40 Old Mutual Plc 15.5 15.5 15.5 0.000 +10.8 +229.8% 64,173,594 994,690,707.00 First Mutual Holdings 0.18 0.18 0.18 0.000 -0.015 -7.69% 690,143,060 124,225,750.80 Mashonaland Holdings 0.041 0.041 0.041 0.000 +0.0064 +18.50% 1,859,073,947 76,222,031.83 ZSE Gainers ZSE Losers 19-06-19 Previous 19-06-19 Previous Counter (US$) (US$) Change (%) Counter (US$) (US$) Change (%) FBC 0.6025 0.5025 +19.90% Econet 2.0365 2.2404 -7.36% Truworths 0.0241 0.0202 +19.31% Cassava 2.1866 2.1996 -0.59% SeedCo Int 2.1525 1.8525 +16.19% Delta 3.8983 3.8999 -0.04% CBZ 0.5000 0.4537 +10.20% International Commodity Prices +0.042% ZSE Market Data Index 19-06-19 18-06-19 Commodity 19-06-19 18-06-19 Jan 19 Jan 18 Turnover Value ($m) 7.6894 10.6347 Gold (US$/oz) 1,359.90 1,345.90 1,283.50 1,317.10 Foreign Buys ($m) 0.1138 5.1017 Platinum (US$/oz) 810.00 802.00 792.00 942.00 Foreign Sales ($m) 0.0912 2.9420 Silver ( US$/oz) 15.130 14.960 15.470 17.150 Market Cap ($m) 28,940.02 29,166.87 Palladium ( US$/oz) 1,484.00 1,460.00 1,252.00 1,086.00 YTD Change (Market Cap) +50.81% +51.99% Brent Crude Oil (US$/barrel) 61.82 62.14 53.80 66.55 Disclaimer: This document may be legally privileged and/or confidential and has been prepared for informative purposes only. No liability whatsoever for any loss howsoever arising from the use of this review or its contents or otherwise arising in connection therewith shall be accepted by ZB Financial Holdings, any of its directors, employees, or associates. Any person who makes use of this document shall be solely responsible for making his or her own independent investigation of the issues discussed in this report. ZB Financial Holdings accepts no responsibility whatsoever for the accuracy or completeness of the information contained in this document. -Page 1- Group Corporate Strategy ZB Financial Holdings Limited 1st Floor, 21 Natal 21 Natal Road, Belgravia, Box 3198, Harare Tel: +263 (0)8677002001 Local Business News 1. President Mnangagwa says the African Continental Free Trade Agreement (AfCFTA), a trade pact envisaged to create a single market, is “a step forward” likely to promote inclusive growth and enable African countries to jointly work towards achieving a prosperous future. As part of his intervention during the US-Africa Business Summit’s plenary session titled “Advancing a resilient and sustainable US-Africa partnership” yesterday, the President said the new trading regime that will result from the roll-out of the trade agreement, requires African countries to work together to ensure that “we do not leave any single country behind”. “We have moved forward now to create a continental free trade area. The reason is that we don’t need to leave any single country on the continent behind. We need to work together,” said President Mnangagwa. (Herald) 2. Government is seeking lines of credit to support the manufacturing sector as it moves to capacitate the key sector to enable it to increase exports across the continent. Critically, the move will allow companies to compete in the African Continental Free Trade Agreement (AfCFTA), a trade pact that is expected to create a single market in Africa, which came live on May 30. Officiating at the National Forum on the AfCFTA in Harare yesterday, Foreign Affairs and International Trade Secretary Ambassador James Manzou said exports are seen as important to national development across the world, hence the deliberate decision by government to support local manufacturers. (Herald) 3. Zimbabwe has potential to earn more than US$140 million annually from exporting cattle semen following the recent launch of a production facility in Chinhoyi. Built by the Chinhoyi University of Technology (CUT), the state-of-the-art facility has an integrated system that produces and stores at least seven million semen straws per year, Higher and Tertiary Education, Science and Technology Development Minister Amon Murwira said in an interview yesterday. Currently, the country requires 1.5 million straws for artificial insemination, leaving the remainder for the Disclaimer: This document may be legally privileged and/or confidential and has been prepared for informative purposes only. No liability whatsoever for any loss howsoever arising from the use of this review or its contents or otherwise arising in connection therewith shall be accepted by ZB Financial Holdings, any of its directors, employees, or associates. Any person who makes use of this document shall be solely responsible for making his or her own independent investigation of the issues discussed in this report. ZB Financial Holdings accepts no responsibility whatsoever for the accuracy or completeness of the information contained in this document. -Page 2- Group Corporate Strategy ZB Financial Holdings Limited 1st Floor, 21 Natal 21 Natal Road, Belgravia, Box 3198, Harare Tel: +263 (0)8677002001 export markets. (Herald) 4. The High Court has ordered Zimbabwe Power Company (ZPC) and Intratrek Zimbabwe to engage and map the way forward regarding completion of the Gwanda solar power project, after granting the latter leave to execute the court’s earlier judgment declaring the contract between the parties valid. Intratrek had applied for leave to execute High Court judge, Justice Tawanda Chitapi’s December 2018 ruling, pending appeal, over a contractual dispute regarding the Gwanda solar project, which was delivered in favour of Intratrek. However, ZPC is contesting the judgment at the Supreme Court. (Herald) 5. Parliament will soon order Energy and Power Development Minister, Fortune Chasi to update the nation on the worsening power situation and what is being done to address it. The move comes as latest data from the Zambezi River Authority (ZRA), which manages water used to produce power at the Kariba hydro-electric station, revealed that the water levels were worsening.
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