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1. By Tawanda Musarurwa
HARARE -Consumer elec-
tronic and business solutions
firm, Eskill Trading Corpora-
tion says it plans to venture
into the mobile medical imag-
ing business that will benefit
Zimbabwe’s rural communi-
ties.
Eskill Trading is a division of
the country’s leading Apple
authorised re-seller and war-
ranty centre – Solution Centre
– and is itself an authorised
reseller in Zimbabwe for Can-
on’s high-end digital imaging
solutions.
Eskill Trading CEO Mr Brett
Hensberg said the compa-
ny’s entrance strategy into
the medical imaging business
would be through optometry. Optometry is a healthcare
profession concerned with the
eyes and related structures.
News Update as @ 1530 hours, Wednesday 17 February 2016
Feedback: bh24admin@zimpapers.co.zwEmail: bh24feedback@zimpapers.co.zw
Solution Centre eyes mobile medical imaging niche
Solution Centre managing director Mr Paul Georgeou

2. “Our five-year plan is to go
into medical imaging...to have
affordable medical labs that
we can take into the rural
areas and do particular test-
ing with radiographic equip-
ment, we can do retina testing
to see if your eye is going to
have catarax in the next few
years. We have technologies
that can do that. I see that
niche in our market.
“We are looking at optome-
try as a first start because
it’s easy enough to work with.
Optometry equipment is basi-
cally a modification of the dig-
ital single-lens reflex (DSLR),”
he said.
DSLR is basically a digital
camera combining the optics
and the mechanisms of a sin-
gle-lens reflex camera with a
digital imaging sensor.
“We could do chest x-rays for
examining people for tubercu-
losis, and all sorts of things
so it will be something that
we progress into stage by
stage, and that’s in the next
two to three years. By 2020
we would like to see that busi-
ness model really working.”
Mr Hensberg said there were
still a number of modalities
to carry out, including engag-
ing the relevant Government
departments.
“So there are a few things that
we still need to do, look at the
equipment itself, look at the
cost, partner with Govern-
ment, Ministry of Health and
also with the ministries that
have to do with rural develop-
ment because there needs to
be a sense of ownership from
the community for that pro-
ject.”
Apple store for Arundel
Meanwhile, the group is set to
open Zimbabwe’s first AAR+
rated Apple Store in Arundel
next month.
Solution Centre managing
director Mr Paul Georgeou
said although Apple resellers
in the country were yet to get
approval for setting up Apple
Premium Reseller stores, the
new Arundel store will be
modelled on premium stores
comparable to those in South
Africa.
“It will be the first in the
country with an AAR+ rating...
the next stage above that is
APR, which is Apple Premium
Reseller.
“Apple said they won’t appoint
an APR in the country for the
time being, so the highest
status we can achieve is the
AAR+, which will be the first
in Zimbabwe,” said Mr Geor-
geou.●
2 news

3. BH243

4. BH24 Reporter
HARARE - Zimbabwe has
so far earned $27,3 million
from exporting 190,4 million
kilogrammes of flue-cured
tobacco at an average price
of $6,99 per kg, latest fig-
ures from the Tobacco Indus-
try Marketing Board (TIMB)
show.
This is more than the $27,1
million realised from exports
of 195 million kg at $7,21 per
kg during the parallel period
last year.
The country’s golden leaf was
purchased by 34 countries
across the world.
The TIMB statistics show
that China is still the leading
buyer of Zimbabwean tobacco
after importing 20 million kg
worth $162,8 million at $8,14
per kg.
During the same period last
year, China had imported 19
million kg of tobacco valued
at $166 million.
Belgium has overtaken South
Africa as the second biggest
buyer importing 1,3 million
kg worth $6 630 034 at $4,84
per kg.
Indonesia was in third posi-
tion having taken up a total
1,1million kg of tobacco worth
$6 311 257 at $5,29 per kg.
South Africa is in fourth posi-
tion having imported 1 051
560 kg of tobacco worth $2
400 682 at an average price
of $2,28 per kg.●
4 news
Tobacco exports earn $27m since January

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6. BH24 Reporter
HARARE - Zimbabwe-focused
multi-commodity resources firm,
Premier African Minerals has
received a notice of exercise by
Darwin Capital Ltd to convert in
aggregate £210 000 loan notes
into equity.
The loan notes have been used
to partly fund the re-opening of
underground operations at RHA
Tungsten (Pvt) Limited, Premier
African Mineral's tungsten project
and for general working capital
purposes.
Premier is the operator of RHA
and holds a 49 percent interest.
Premier, at its election, has the
right to redeem one or all of the
outstanding loan notes in cash
at 105 percent of the Par Value
(equivalent to £26 250 per loan
note).
Yesterday, the group said a Zim-
babwean bank had offered to pro-
vide direct finance to its 49 per-
cent-owned RHA tungsten mine to
the tune of $200 000.
“The facility bears interest at the
bank’s costs of funds plus a mar-
gin of 8,75 percent and is guar-
anteed by Premier,” said Premier.
The RHA tungsten mine, which
is located approximately 20 kilo-
metres south-east of Hwange
and 270km north of Bulawayo
is Premier’s flagship operation,
although the AIM-listed group has
several operations in Southern
and Western Africa.
.●
6 news
Premier African Minerals confirms loan note conversion

7. BH247

8. By Bianca Leboho
HARARE – The Postal and Tel-
ecommunications Regulatory
Authority of Zimbabwe (POTRAZ)
has drafted guidelines for child
online protection, which will be
implemented after stakeholder
consultations.
The guidelines are in line with the
child online safety requirements
of the International Telecommuni-
cation Union (ITU).
Government typically has a
responsibility to protect citizens
from harm, especially the young
and most vulnerable.
In an interview, POTRAZ spokes-
person Mrs Sbonginkosi Muteyiwa
said that POTRAZ had developed
the guidelines within the con-
text of the Child Online Protec-
tion (COP) initiative to establish
foundations for a safe and secure
cyber-world for children.
“The COP initiative is an effort
led by United Nations (UN) and
includes multi stakeholders. The
goal is to promote awareness on
the importance of child safety in
the online world and to develop
practical tools to assist govern-
ments, industry and educators in
this domain”, she said.
Mrs Muteyiwa said that the guide-
lines drafted by POTRAZ comprise
of ideal methods of using the
internet which are age specific.
“The guidelines control and will
possibly lower security breaches
that occur online. They acknowl-
edge that children are ignorant to
dangers brought by the internet
and should thus always be super-
vised by parents although this is
dependent on their age groups”,
said Mrs Muteyiwa.
In their proposed guidelines
POTRAZ emphasized the impor-
tance of filtering software for
machines that are used by chil-
dren especially those in the five
to seven years age group whose
approach to the internet is uncrit-
ical.
POTRAZ identified some dangers
that the internet posed on chil-
dren especially if there were no
guidelines to control their online
activities. The dangers included
exposure to bullying, offensive
visual material such as sexually
explicit content and human traf-
ficking as a result of online friend-
ships.
“Children are the most vulner-
able users of the internet. They
are prone to giving away of per-
sonal information of themselves
and their families which is a habit
that endangers their lives. The
rate of cyber-crimes has rapidly
increased over the years.
“The internet is easily accessi-
ble and cheaper. People manip-
ulate it. Children are part of the
unfortunate population that uti-
lize the internet. Hence POTRAZ
has drafted these guidelines to
ensure that we protect our chil-
dren and prevent exposing them
to cyber-criminals,” said Mrs
Muteyiwa.
Stakeholders consultation on the
proposed guidelines is expected
to be concluded by month-end.●
8 news
POTRAZ opens consultations on child online safety

9. BH249

10. HARARE - The mainstream
industrial index closed at 99.39
after losing 0.41 in trading
dominated with losers.
Heavyweight BAT lost $0,2500
to close at $11,5000, while
CAFCA Retreated by $0,0795
to $0,3205 AND AFDIS dipped
$0,0300 to settle at $0,4500.
Giant insurer Old Mutual
declined by $0,0022 to trade at
$1,8002 while Proplastics and
Simbisa both eased $0,0010 to
close at $0,0210 and $0,1440
respectively.
There was no counter in the
positive.
Beverages giant Delta,
Lafarge, and OK Zimbabwe
were unchanged at $0,5200,
$0,2700 and $0,0350 in that
order.
The mining index was steady
at 18.74 points as all the min-
ing counters maintained pre-
vious price levels.. - BH24
Reporter ●
ZSE10
Industrials lose further ground

11. BH2411

12. Movers CHANGE Today Price USc SHAKERS Change TODAY Price USc
CAFCA -19.87 32.05
AFDIS -6.25 45.00
Proplastics -4.54 2.10
BAT -2.12 1,150.00
Zimre -0.78 1.27
Simbisa -0.68 14.40
Padenga -0.66 5.96
NicozDiamond -0.61 1.61
Innscor -0.26 18.95
Old Mutual -0.12 180.02
Index Previous Today Move Change
Industrial 99.80 99.39 -0.41 points -0.41%
Mining 18.74 18.74 +0.00 points +0.00%
12 zse tables
ZSE
Indices
Stock Exchange
Previous
02 03
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13. 13 DIARY OF EVENTS
The black arrow indicate level of load shedding across the country.
POWER GENERATION STATS
Gen Station
16 February 2016
Energy
(Megawatts)
Hwange 476 MW
Kariba 285 MW
Harare 30 MW
Munyati 26 MW
Bulawayo 23 MW
Imports 0 - 350 MW
Total 1250 MW
—18 February 2016 - 70th Annual General Meeting of the members of CAFCA ; Place: Boardroom at the company’s registered office
at 54 Lytton Road, Workington, Harare; Time: 12:00 hours
—23 February 2015 - 38th Annual General Meeting of the members of Powerspeed Electrical Limited; Place: Powerspeed Board-
room, Gate 1, Powerspeed Complex, Corner Cripps Road and Kelvin Road North, Graniteside, Harare; Time: 1100 hours
25 February 2016 - Extraordinary General Meeting (“EGM”) of the Shareholders of Radar Holdings Limited; Place: Tanganyika
House, 6th Floor Boardroom, Harare; Time: 0900 hours...
25 February 2016 - The 49th Annual General Meeting of Mashonaland Holdings Limited; Place: The Boardroom, 19th Floor, ZB Life
Towers, 77 Jason Moyo Avenue, Harare; Time: 1200 hours...
26 February 2016 - The Sixty-ninth Annual General Meeting of Ariston Holdings Limited; Place: Ariston Holdings Limited Main
Boardroom, 306 Hillside Road, Msasa Woodlands, Harare: Time: 14.30 hours:
THE BH24 DIARY

14. DELTA Africa, the largest
pan-African listed property
fund, has announced that
it will acquire a warehouse
complex in Pemba, Mozam-
bique.
"Delta has identified this
well-positioned warehouse
complex opposite the port
in Pemba, Mozambique, as
an opportunity to expand its
footprint in Mozambique," the
company said on Tuesday.
"With the discovery of gas
in the Rovuma river basin in
the northern province of Cabo
Delgado, Pemba is forecast
to receive significant invest-
ment from both the oil and
gas sector and the govern-
ment of Mozambique."
The total purchase consider-
ation due under the acquisi-
tion agreement amounts to
$8,5m. Delta is acquiring the
asset from various compa-
nies.
Delta is currently in a merger
process with Mara Diversified
Property Holdings, which is
creating a fund with about
R7bn worth of assets.
Stanlib’s head of listed prop-
erty funds, Keillen Ndlovu,
has said the Delta Africa and
Mara partnership appeared
to be a strong move by both
parties.
"It’s a good deal. It has more
critical mass as compared to
funds doing something on
their own and having small
portfolios," he said.
- Bdlive ●
regioNAL News14
Delta Africa buys warehouse in Mozambique
Keillen Ndlovu

15. Asian shares slipped on
Wednesday after two sessions
of solid gains, while oil prices
swung higher as the market
reconsidered the chances of a
meaningful deal to restrict sup-
ply later in the year.
The mood was still skittish
- when China set a slightly
lower guidance rate for its
yuan, the yen and safe-haven
bonds got an instant boost. As
investors realised this was not
some message from Beijing on
devaluation, the moves quickly
reversed.
European shares are expected
to extend their rally, however,
with spread betters calling for
a rise of 0,6 percent in Britain's
FTSE. and gains of 0,5 percent
each in Germany's DAX and
France's CAC 40.
MSCI's broadest index of
Asia-Pacific shares outside
Japan .MIAPJ0000PUS lost 0,6
percent, reversing early gains
of 0,4 percent, as its bear mar-
ket rally petering out after a 3
percent rise over the previous
two sessions.
The Shanghai Composite Index
slid 0,3 percent and South
Korea 0,1 percent. Japan's Nik-
kei fell 1,7 percent, but is still
up more than 5 percent on the
week.
"The rally itself has been
extraordinary but very thin and
the failure of the yen to con-
tinue on the fairly steady path
of weakening we've seen in the
past couple of days has been
reflected as nervousness in the
Nikkei," said Stefan Worrall,
director of Japan equity sales at
Credit Suisse.
"It's been a very volatile two
weeks and nerves are still
frayed despite the fact that
we're off the bottom of those
extreme sessions we saw last
week."
E-Mini futures for the S&P 500
also slipped 0,1 percent in Asia
after Wall Street appeared to
have broken its negative feed-
back loop with oil.
The Dow ended Tuesday with
gains of 1,39 percent, while the
S&P 500 added 1,65 percent
and the Nasdaq 2,27 percent. A
survey of global fund managers
found they had become so cau-
tious they were holding more
cash than at any time since late
2001, an "unambiguous buy"
signal according to Bank of
America Merrill Lynch.
Mood Swings
In commodity markets, oil was
whipsawed after top exporters,
Russia and Saudi Arabia, agreed
to freeze output levels but said
the deal was contingent on
other producers joining in.
After falling sharply at first,
prices recouped some ground
early on Wednesday. Brent
added 37 cents to $32,55, while
US crude was up 20 cents at
$29,24 a barrel.
"Albeit mostly symbolic, it is
one of the first clear acknowl-
edgements by the oil heavy-
weights that all is not entirely
well in the current price envi-
ronment," wrote Helima Croft,
global head of commodity strat-
egy at RBC Capital Markets.
"Additionally it signals a poten-
tial willingness to be more pro-
active later in the year. It puts
the ball back in the court of
those who would not or could
not comply."
Markets now await minutes
of the Federal Reserve's last
meeting to judge the balance
of opinion among policymakers
on the prospect of further rate
hikes.
Boston Fed President Eric
Rosengren certainly sounded in
no hurry to tighten. Speaking
late on Tuesday, Rosengren said
the Fed would need to ratchet
down economic forecasts it
made in December because of
the uncertain global outlook.
Doubts about the pace of any
further hikes kept the US dollar
restrained at 96,720 against a
basket of currencies. It slipped
against the yen to 113,73 yen,
though it has support around
113,60. The euro also gained
0,2 percent to $1,1165. The
big loser was sterling, which
has struggled so far in 2016
because of worries the UK
might leave the euro zone.
Traders said UK markets face
a pivotal week ahead of a two-
day summit starting on Thurs-
day at which Prime Minister
David Cameron will try to per-
suade other leaders to support
a deal to keep Britain in the
European Union. Sterling was
stuck at $1,4290, having shed
1 percent against the dollar on
Tuesday.-Reuters●
internatioNAL News15
Asian shares run out of steam, oil swings higher

16. By Mike Dolan
Financial markets that pre-
dicted eight of the last six
recessions may yet be wrong
again, but market stress
itself is now part of the calcu-
lus and leaves the world more
open to left-field shocks.
Given the violence of this
year's slump in equities,
where more than $8 trillion
has been wiped off global
stock market values, it is
remarkable how few econo-
mists still see recession as
the most likely outcome.
Yet more and more believe it
will be a close-run thing; pro-
tracted market volatility itself
could well tip the balance and
investors are in no mood to
hang about for a confirma-
tion.
Anxiety is high, with few
extraordinary policy measures
now likely or even available,
and more negative interest
rates in Europe or Japan seen
by many as part of the prob-
lem rather than the solution
for a bruised banking system.
It may take a nervy few
months for clarity on whether
the worrying slide in global
industry, trade and invest-
ment late last year has deep-
ened, or to see if indebted
consumers and a still-grow-
ing service sector will save
the day.
While they wait, investors are
scrutinising the many geo-
political risks and systemic
concerns that would typically
be ignored in periods of more
robust growth, but which may
now be magnified as addi-
tional threats to businesses'
and households' investment
or spending plans.
In cutting its world growth
forecast for this year to 2,7
percent from 3,1 percent -
still above the 2-2,5 percent
level many see as a baseline
to avoid an effective per-cap-
ita global recession - Axa
Investment Managers flagged
concern about systemic as
well as cyclical risks for mar-
kets in this climate.
"When global growth is so
sluggish, when corporate
profits are so miserable,
when pay rises are so small
- you don't need a very big
shock to disturb global mar-
kets significantly," said Eric
Chaney, Chief Economist at
French insurer Axa.
A sudden change of financial
and economic policy thinking
within China's ruling commu-
nist party was one possible
shock it outlined. The political
and central banking dilemma
surrounding the euro zone's
16 analysis16 analysis
With recession lights amber, brittle markets vulnerable to all shocks

17. 17 analysis17 analysis
incomplete banking union was
another soft spot.
But on a knife edge in terms
of probabilities is a referen-
dum on Britain's possible exit
from the European Union,
likely to be held by the end
of June.
For AxaIM, this contains
huge uncertainties for world
financial markets, for Britain
as a top five world economy
and the wider EU as a durable
construction.
"London is the number one
financial centre, for example.
If there was any destabilisa-
tion of the financial industry
in the UK, it would transmit
quickly around world mar-
kets," said Chaney, adding
that this went beyond loca-
tion and into questions about
the extent to which English
law, which dominates global
financial contracts, is influ-
enced by EU law.
"London is systemic."
Flirting with recession
But is the world in a better
place than markets let on?
Some banks, such Morgan
Stanley and Societe Generale,
put the chances of a global
recession this year at about
one-in-five. Others, such as
Citi, say the risk is rising all
the time.
Bank of America Merrill Lynch
sees a 20 percent chance of a
U.S. slump.
Whoever you believe, reces-
sion is no longer off the radar.
The energy shock saw world
industrial activity barely grow
at all in 2015 and it tailed off
alarmingly in the back end of
the year.
World trade growth too has
stalled as China splutters,
and huge annual drops of
between 11 and 18 percent in
Chinese exports and imports
in January should ring more
alarm bells. Global shipping
freight prices have collapsed
to record lows.
Yet, JPMorgan points out that
since 1970, global factory
output has slowed to a near-
halt year 12 times but only
six were associated with sub-
sequent recessions. And ser-
vices, while weakening, are
still expanding at least.
Stock markets, on the other
hand, appear to have priced
in a recession already.
"Equity markets are correct-
ing lower only a little more
aggressively than in the past
if we assume that a global
recession starts this year and
finishes mid-2017," according
to Citi strategist Jeremy Hale.
So, is this prescient or
just cautionary?
More often than not US equity
market drops of 15-20 per-
cent over a year do pre-empt
recessions. But they're not
infallible. Alliance Bernstein
points out that similar drops
over six month periods were
recorded in 1988 and 2002
without a subsequent down-
turn.
Forecast corporate profit
declines this year anywhere
between 7 and 10 percent
might justify equity market
fears. But, here again, JPMor-
gan research shows there have
been periods in the 1960s,
1980s and 1990s where prof-
its and markets peaked and
then both rebounded quickly
without recessions.
The worrying difference back
then was each episode was
met with sizeable policy eas-
ing that is harder to execute
now.
And it's not just equity fright.
Corporate bond spreads have
moved more squarely into
recession territory, according
to JPMorgan, and currency
and commodity price move-
ments have by now completed
their average trajectory of
the last six recessions.
"If financial stress continues
to build, a much more pro-
nounced downturn will be the
result," said Standard Life
Investments Chief Economist
Jeremy Lawson.-Reuters●