Bulls n Bears Investors Notebook : 20 May 2022

Fri May 20 09:11:54 CAT 2022

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Bulls n Bears Investors Notebook : 20 May 2022

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

NRZ revalued above US$3bn

National Railways of Zimbabwe (NRZ) assets have been revalued at above US$3
billion and this now entails that the parastatal is not insolvent as
previously alleged, an official has said. .
<https://bullszimbabwe.com/nrz-revalued-above-us3bn/> Read more >

Stock market bubble pricked

Finance and Economic Development Minister Mthuli Ncube last week described
the rally that had characterised the stock market as a bubble that needed to
be pricked. The term "bubble," in .
<https://bullszimbabwe.com/stock-market-bubble-pricked/> Read more >

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

Zim reaches out to IMF over policy reform help

Zimbabwe is discussing with the International Monetary Fund (IMF) ways to
assist refine its policy mix to stabilise and grow the economy, Finance
Minister Mthuli Ncube says, following conclusion by .
<https://bullszimbabwe.com/zim-reaches-out-to-imf-over-policy-reform-help/>
Read more >

Industry must wean itself from auction

Industry must wean itself from relying on the Reserve Bank of Zimbabwe for
foreign currency, but rather device means to generate own forex and leave
the Apex Bank to perform .
<https://bullszimbabwe.com/industry-must-wean-itself-from-auction/> Read
more >

Going for a united exchange rate?

A lot of people, almost 88 percent of the respectable and rules and
law-abiding bidders on this week's foreign currency auction at the Reserve
Bank of Zimbabwe (RBZ), must have .
<https://bullszimbabwe.com/going-for-a-united-exchange-rate/> Read more >

Zim, DRC businesses urged to grow bilateral trade

Addressing the 30 Zimbabwean businesses and over 100 private sector players
in Lubumbashi, the Zimbabwe Ambassador to DRC, Johannes Tomana, said the
outward seller mission was grounded in the appreciation .
<https://bullszimbabwe.com/zim-drc-businesses-urged-to-grow-bilateral-trade/
> Read more >

Hwange inks US$15m equipment finance deal

The company has engaged a contractor to resuscitate beehive coke ovens to
produce high value foundry coke with high demand in the export market.
Hwange Colliery Company Limited (HCCL) says .
<https://bullszimbabwe.com/hwange-inks-us15m-equipment-finance-deal/> Read
more >

 <mailto:info at bulls.co.zw> 

Acardia project targets 1 000 jobs

Chinese firm Huayou expects to create up to 1 000 new jobs during the
construction and production phases of the Arcadia lithium project following
the firm's US$377,8 million acquisition of .
<https://bullszimbabwe.com/acardia-project-targets-1-000-jobs/> Read more >

Motorists bemoan rampant car clamping

MOTORISTS are up in arms over Tendy Three Investments (TTI)'s management of
parking in Bulawayo's central business district. Bulawayo Progressive
Residents Association chairperson Ambrose Sibindi said TTI was unnecessarily
clamping .
<https://bullszimbabwe.com/motorists-bemoan-rampant-car-clamping/> Read more
>

Basic goods disappear from shelves

SOME basic commodities such as cooking oil have virtually disappeared from
shop shelves as the monthly food basket shot to $120 000. The Consumer
Council of Zimbabwe (CCZ) yesterday said .
<https://bullszimbabwe.com/basic-goods-disappear-from-shelves/> Read more >

Tharisa's Karo acquisition considered fair to shareholders

JOHANNESBURG Stock Exchange (JSE)-listed integrated resource group Tharisa's
acquisition of a controlling interest in platinum group metals (PGMs) miner
Karo Mining Holdings, which was announced on March 31, has been .
<https://bullszimbabwe.com/tharisas-karo-acquisition-considered-fair-to-shar
eholders/> Read more >

AFC Bank capital plan gets RBZ nod

ZIMBABWE'S biggest agricultural lender said on Thursday it had been granted
a 12-month grace period to shore up its capital to regulator prescribed
benchmarks. AFC Commercial Bank, which bounced back .
<https://bullszimbabwe.com/afc-bank-capital-plan-gets-rbz-nod/> Read more >

Sinomine to inject US$200m into Bikita Minerals

SINOMINE, the Chinese lithium company that is buying Bikita Minerals, says
it plans to invest an initial US$200 million to build a new plant and expand
operations. Bikita is Zimbabwe's .
<https://bullszimbabwe.com/sinomine-to-inject-us200m-into-bikita-minerals/>
Read more >

Old Mutual Insurance improves ratings

GCR Ratings has upgraded Old Mutual Insurance Company's national scale
financial strength rating to AA, reflecting an improvement in the insurer's
financial profile. The company's international rating has been steadily .
<https://bullszimbabwe.com/old-mutual-insurance-improves-ratings/> Read more
>

Zim lifts lending ban as currency and stock exchange nosedive

The Zimbabwe dollar tumbled by 33% on Tuesday as the central bank which runs
the official foreign currency auction system rejected bids that were deemed
too low. The Reserve Bank .
<https://bullszimbabwe.com/zim-lifts-lending-ban-as-currency-and-stock-excha
nge-nosedive/> Read more >

INVESTORS DIARY 2022

Company

Event

Venue

Date & Time

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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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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