Bulls n Bears Investors Notebook : 24 February 2022

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Bulls n Bears Investors Notebook : 24 February 2022

 

	
 


 <https://www.cbz.co.zw/> 

 


 

 


Bulls 'n Bears Investors Diary: Today's Events

 


Cafca

AGM

 

Feb 24, 12PM  

 


Ariston

AGM

Royal Harare Golf Club

Feb 24, 3PM

 


 

 


Quotable Quote:

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

 

Zim mulls Rwanda-style co-operatives model

GOVERNMENT is considering adopting a Rwanda-style co-operatives model as it
seeks to reactivate community-driven development projects, NewsDay Business
can reveal. Co-operatives gained prominence at independence in 1980, when
the government that took over after almost a century of colonial
administration encouraged low-income families and rural communities to pool
resources and establish income-generating projects.
<https://bullszimbabwe.com/> Read more >

 


 

 


 


 

Collaborations key in building responsible businesses

AN increasing number of businesses have bought into the idea of corporate
social responsibility (CSR). It is a growing trend where more and more items
like groceries, clothing and learning materials are being channelled to
communities and the less privileged. Firms that previously took CSR as
options have joined the trend of donations, with communities benefiting a
lot.  <https://bullszimbabwe.com/> Read more >

 	



 


 

 


For more business & financial updates log onto
<http://www.bullszimbabwe.com> www.bullszimbabwe.com

 

Zinara pleads with DBSA after default

ZIMBABWE'S roads administrator revealed on Tuesday that it had re-engaged
the Development Bank of South Africa (DBSA) to review terms of a US$206
million loan granted about seven years ago, following a string of defaults.
Zimbabwe National Roads Administration (Zinara) chief executive Nkosinathi
Ncube told reporters that Harare had accepted a bad deal, which resulted in
the agency struggling to service the "expensive loan".
<https://bullszimbabwe.com/> Read more >

 


 

 

 

 


 

 

Zim earns US$30m from Arcadia deal

ZIMBABWE is set to reap about US$30 million as capital gains tax from the
sale of Arcadia lithium project by Prospect Resources to a Chinese resources
outfit, Zhejiang Huayou Cobalt Co (Huayou). On December 23, 2021, Prospect
announced it had executed a binding agreement with Huayou for the sale of
its 87% interest in the Arcadia lithium project for approximately US$378
million.  <https://bullszimbabwe.com/> Read more >

 


 <mailto:info at bulls.co.zw> 

 


 

 

 

Auto spares gobble US$160m in 2021

Zimbabwe spent US$60 million more on auto spares in 2021 than a year
earlier, figures from the Zimbabwe National Statistics Agency (Zimstat)
show, as trade with the rest of the world increased due to easing Covid-19
restrictions. The easing of the pandemic restrictions and high costs
involved in maintaining preowned vehicles pushed demand, auto parts dealers
say. More than 85 percent of vehicles in Zimbabwe, both passenger and
commercial, are grey imports, commonly referred to as second-hand vehicles,
because the majority of the citizens cannot afford new cars.
<https://bullszimbabwe.com/> Read more >

 


 

 

 

 


 

 

	 

	
 


 

 

	 

		
Firms want forex, rate issues resolved

SOME Zimbabwe Stock Exchange (ZSE)-listed firms have expressed reservations
over persisting foreign currency shortages and exchange rate distortions.
The companies, in different trading updates, said despite the difficult and
challenging environment, they have remained resilient, but underlying issues
require attention. ART Corporation (ART) said the retooling of the group's
manufacturing units will enable it to capture opportunities in the region
and sustain performance.  <https://bullszimbabwe.com/> Read more >

 

	
 

 

 

	
 

Horticulture sector lauds forex retention, but . . .

The Horticultural Development Council (HDC) has lauded the 100 percent
retention on

the incremental portion of export receipts as good for the industry.
However, it has pointed out that the provision largely benefits new
exporters who do not have any earnings baseline set by the Reserve Bank of
Zimbabwe (RBZ).  <https://bullszimbabwe.com/> Read more >

 

	
 

	 

	
 

	
 

	
 

RBZ freezes 4 firms' accounts

In the recent Monetary Policy Statement, the RBZ said directors of banks
must continuously acquaint themselves with their responsibilities with
regards to AML-CFT issues as articulated in the AML-CFT Risk-Based
Guideline. Bank accounts of four private companies under investigation for
possible money laundering have been frozen by the Reserve Bank of Zimbabwe's
investigations arm, the Financial Intelligence Unit (FIU), and the companies
need the central bank's authority to withdraw funds although they can make
deposits.  <https://bullszimbabwe.com/> Read more >

 

	
 

 

 

	
 

Zisco deal boon for Kwekwe, Redcliff

Ziscosteel was the major industry in the Midlands, with Redcliff housing
most of the workers and Kwekwe hosting a string of industries supplying the
steelworks or using its products in downstream industries. Closed for over a
decade, Ziscosteel in Redcliff was once one of the largest steel mills in
Southern Africa, producing over one million tonnes of steel annually with
around 8 000 workers.  <https://bullszimbabwe.com/> Read more >

 

	
 

	 

	
 

	
 

	
 

	 

	
 

COBE Act on auditing

Introduction. This article is aimed at giving insights into what the
Companies and Other Business

Entities Act (Chapter 24:31) (or the "COBE Act") says on auditing of
companies. The COBE Act came into effect on February 13, 2020 replacing the
Companies Act (Chapter 24:03). The auditor's report is regulated by section
193 of the COBE Act.  <https://bullszimbabwe.com/> Read more >

 

	
 

 

 

	
 

Ziscosteel, Kuvimba deal excites stakeholders

STAKEHOLDERS have expressed optimism that the selection of Kuvimba Mining
House as the

lead investment partner towards the revival of the defunct Zimbabwe Iron and
Steel Company

(Zisco), will yield positive results this time around. Following Tuesday's
Cabinet resolution Kuvimba Mining, one of the successful private and public
shareholding entity, is expected to lead the process to bring the steel
producer back to life.  <https://bullszimbabwe.com/> Read more >

 


 

 

	 

	
 

	
 

Exchange rate moves to 1:124 at auction platform

THE official exchange rate moved to US$1:$124 this week in favour of the
greenback, which is continuing to firm when compared to last week's local
currency value of $120,5. In its latest weekly update, the Reserve Bank of
Zimbabwe (RBZ) said a total of US$36,8 million was allotted to the auction
system with US$29,6 going to the main auction and US$7,2 being allotted to
Small and Medium Enterprises (SMEs).  <https://bullszimbabwe.com/> Read more
>

 

	
 

 

 

	
 

Tobacco exports rake in US$153,2m

ZIMBABWE has raked in US$153,2 million since the beginning of the year from
a total of

33 326 tonnes of tobacco exported across the world. In the same period last
year, US$52,2 million was earned from 19 933 tonnes that were exported
around the world. Following the global movements that were disrupted by the
Covid-19 pandemic, firms selling to the Far East recently began moving the
crop to South Africa.  <https://bullszimbabwe.com/> Read more >

 

	
 

 

 

	
 

Schweppes granted solar power licence

GIANT beverages producer, Schweppes Zimbabwe Limited has been issued with a
25-year licence to generate solar energy for its own consumption by the
Zimbabwe Energy and Regulatory Authority (Zera). The company had applied for
a licence to construct and operate a new 564kw solar plant at its Beitbridge
Juice Factory. The new licence will expire on 25 January 2047.
<https://bullszimbabwe.com/> Read more >

 


 

 

Boost for fleet owners and fuel merchants as VAYA Technologies introduces
new, state-ofthe-art fuel tracking solution

VAYA Technologies has introduced a new, fuel-efficient vehicle-tracking and
fleet

management solution that enables real-time visibility of mobile assets to
create cost

savings, operational efficiencies and allow for informed business decisions.

Mr Givemore Jojo, VAYA Technologies Zimbabwe CEO, said the advanced
predictive fuel

management solution was designed to assist large, medium and small
businesses

optimise fuel consumption, boosting revenues and maximising profits.
<https://bullszimbabwe.com/> Read more >

 

	
 

	
 


 

INVESTORS DIARY 2022

 


Company

Event

Venue

Date & Time

 


 

 


 

 

 

 

 


Cafca

AGM

 

Feb 24, 12PM  

 


Ariston

AGM

Royal Harare Golf Club

Feb 24, 3PM

 


Nampak

AGM

 

March 09, 9AM

 


Art

AGM

 

March 10, 2.30PM

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


REST OF AFRICA

 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


 

 

 

 


Counters Trading Under Cautionary

 


 

 

 

 

 


ART

PPC

Zimre

Starafrica

	

Fidelity

Turnall

Medtech

 

 


Nampak Zimbabwe

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


 

 

 

 

 


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.

 


 

 


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Bulls n Bears 

 

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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.

 


 

 

									

 

 

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