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, 16 May 2019 Foreign Currency, Money, Equities & Commodities Markets Overview Foreign Currency Markets International Stock Markets Year–On-Year Inflation Rates Currency 16-05-19 15-05-19 Index 15-05-19 14-05-19 Change Country Rate USD/RTGS 3.6500 3.6500 Dow Jones 25,648.02 25,532.05 +0.45% Zimbabwe 75.86%Apr USD/ ZAR 14.2338 14.2463 NASDAQ 7,822.15 7,734.49 +1.13% South Africa 4.5%Mar Mar EUR/ USD 1.1207 1.1209 FTSE All Share 3,997.67 3,972.47 +0.63% Malawi 9.3% GBP/USD 1.2844 1.2909 Nikkei 225 21,042.24 21,184.89 -0.67% Zambia 16 7.7% Apr USD /BWP 10.6838 10.6838 DAX 12,099.57 11,991.62 +0.90% Botswana 3.3% Mar Old Mutual Implied Exchange Rates Mozambique 3.27%Apr Currency 15-05-19 14-05-19 Dec 2018 Dec 2017 Dec 2016 Dec 2015 Namibia 4.5% Mar GBP/USD 9.0858 8.9287 6.7717 2.3828 1.684563 1.137004 Kenya 6.58% Apr USD/ZAR 49.9960 48.7836 35.4063 14.5289 10.13966 4.907358 Ghana 9.3% Mar Regional Stock Markets Nigeria 11.25%Mar Index 15-05-19 14-05-19 Change Interest rates 15-05-19 Brazil 4.94%Apr ZSE Industrial Index 478.63 478.24 +0.08% SARB Prime Rate 10.25% China 2.5%Apr ZSE Mining Index 189.63 189.63 0.00% BOB Prime Rate 5.00% Canada 1.9%Mar ZSE All Share 143.24 143.13 +0.08% LIBOR One Month 2.4378% Germany 2.0%Apr JSE All Share 56,043.21 56,234.28 -0.34% LIBOR Three Month 2.524 % Australia 1.8%Mar Ghana SE-CI 2,389.63 2,414.59 -1.03% LIBOR One Year 2.639 % U.K. 1.9%Mar Nairobi All Share 147.01 146.64 +0.25% Federal Discount Rate 1.000% Japan 0.5% Mar Nigeria All Share 28,286.08 28,422.76 -0.48% Federal Prime Rate 3.500% U.S.A. 2.0%Apr Last Daily YTD YTD Issued 15-05-19 14-05-19 Traded Change Change Change Zimbabwe Market Cap. ZSE Counter (US$) (US$) (US$) (US$) (US$) (%) Shares (US$) ZB Financial Holdings 0.4105 0.4105 0.4105 0.000 +0.0505 14.03% 175,190,642 71,915,758.54 First Capital Bank Limited 0.05 0.05 0.05 0.000 -0.01 -16.67% 2,156,260,176 107,813,008.80 CBZ Holdings Limited 0.3 0.3 0.3 0.000 +0.15 +100.0% 687,231,691 206,169,507.30 Econet Wireless Zimbabwe 1.0452 1.0778 1.0778 -0.0326 +0.1452 +16.13% 2,590,577,000 2,707,671,080.40 FBC Holdings Limited 0.3911 0.3911 0.3911 0.000 +0.1911 +95.55% 671,949,927 262,799,616.45 Fidelity Life Assurance 0.11 0.11 0.11 0.000 0.000 0.00% 108,923,291 11,981,562.01 Get Bucks 0.08 0.08 0.08 0.000 +0.043 +116.2% 1,093,567,251 87,485,380.08 NMBZ Holdings Limited 0.29 0.27 0.27 +0.02 +0.2 +222.2% 392,954,830 113,956,900.70 Old Mutual Plc 11.2991 11.0251 11.0251 +0.274 +6.5991 +140.4% 64,173,594 725,103,855.97 First Mutual Holdings 0.13 0.13 0.13 0.000 -0.065 -33.33% 690,143,060 89,718,597.80 Mashonaland Holdings 0.03 0.03 0.03 0.000 -0.0046 -13.29% 1,859,073,947 55,772,218.41 ZSE Gainers ZSE Losers 15-05-19 Previous 15-05-19 Previous Counter (US$) (US$) Change (%) Counter (US$) (US$) Change (%) NMB 0.2900 0.2700 +7.41% RTG 0.0602 0.0659 -8.65% Hippo 1.7100 1.6625 +2.86% Econet 1.0452 1.0778 -3.02% Old Mutual 11.2991 11.0251 +2.49% Turnall 0.0931 0.0920 +1.20% International Commodity Prices +0.042% ZSE Market Data Index 15-05-19 14-05-19 Commodity 15-05-19 14-05-19 Jan 19 Jan 18 Turnover Value ($m) 5.8595 7.9209 Gold (US$/oz) 1,296.10 1,296.30 1,283.50 1,317.10 Foreign Buys ($m) 3.5936 0.3420 Platinum (US$/oz) 844.00 853.00 792.00 942.00 Foreign Sales ($m) 5.5227 0.0914 Silver ( US$/oz) 14.765 14.760 15.470 17.150 Market Cap ($m) 18,714.33 18,699.37 Palladium ( US$/oz) 1,323.00 1,319.00 1,252.00 1,086.00 YTD Change (Market Cap) -2.48% -2.55% Brent Crude Oil (US$/barrel) 71.77 71.24 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 TheSundayMail 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. Measures contained in the Transitional Stabilisation Programme (TSP) and 2019 National Budget have seen Government revenue collections surpassing targets by 8.2%, Finance and Economic Development Minister Mthuli Ncube has said. He said this while delivering a State of the Economy report in Parliament, amid high drama, especially from opposition legislators who continued to interrupt the business of the day. The presentation was stopped midway as Parliament rules dictate that business cannot continue any time after 6.55pm, and is expected to continue today at the instigation of the august House. (Herald) 2. Toronto Stock Exchange-listed and Zimbabwe-focused mining firm, Caledonia Mining Corporation says it is encouraged by efforts being made by the Government in improving the country’s business environment including the recent setting of a new gold support price. Last week, Fidelity Printers and Refiners (a subsidiary of the Reserve Bank of Zimbabwe) announced that it had raised the price it pays for gold to US$44 000 per kilogram or US$1 368.55 an ounce. The new price is a premium of approximately $86 per ounce to the spot price in London. (Herald) 3. Sugarcane farmers in Chiredzi are looking forward to receiving their initial payments in foreign currency this month as part of Government’s thrust on export incentivisation. Most farmers are in high spirits after indications that Tongaat Huletts Zimbabwe had exported all the sugar produced in the last farming season. The sugar milling giant is said to have cleared all sugar which was at its Triangle and Hippo Valley storage facilities, after foreign registered vehicles were seen ferrying the product to Mozambique and South Africa respectively. Commercial Sugarcane Farmers Association of Zimbabwe chairman Admore Hwarare said their members were expecting their share from the exported sugar in foreign currency. (Herald) 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 TheSundayMail 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 4. On the back of impressive Isuzu trucks sales in Zimbabwe, the Minister of Industry and Commerce Nqobizitha Mangaliso Ndlovu yesterday visited the vehicle manufacturing company’s production facility in Port Elizabeth, South Africa. The minister is the first Zimbabwean dignitary to visit Isuzu Motors South Africa’s production facility in Struandale since it’s opening last year. As the second biggest export market of Isuzu Motors South Africa, Zimbabwe accounts for approximately 27% of all African exports, said Isuzu Motors South Africa executive: Corporate Affairs, Business Strategy and Legal, Denise van Huyssteen. (Herald) 5. Government will soon come up with a new Pensions Bill which will compel insurance companies and pensions funds to compensate pensioners whose pension contributions have been eroded by inflation. The new Bill will also hold managerial staff at companies accountable for non- remittance of their employees’ pension contributions. This was said by Insurance and Pensions Commission (IPEC) spokesperson Lloyd Gumbo during an insurance and pensions workshop held in Kwekwe on Monday. Gumbo said most workers are usually left counting their losses due to inflation and other monetary policies hence the need to protect pensioners’ funds.