Bulls n Bears Investors Notebook : 21 July 2023

Fri Jul 21 06:27:31 CAT 2023

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Bulls n Bears Investors Notebook : 21 July 2023

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

Bulls 'n Bears Investors Diary: Today's Events

CBZ

AGM

Virtual

July 21 2023 | 4pm

Quotable Quote:

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

How to behave in a bear market

The Zimbabwe Stock Exchange has been on a downward trajectory since the June
15, 2023. The All Share Index peaked at 187 657,43, but has since fallen to
128 944,39 .  <https://bullszimbabwe.com/how-to-behave-in-a-bear-market/>
Read more >

Care now needed when rates stabilise

There is general agreement that the main reason the price of a US dollar has
been falling over the past four weeks is that the commercial banks do not
have . <https://bullszimbabwe.com/care-now-needed-when-rates-stabilise/>
Read more >

 <mailto:info at bulls.co.zw> 

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

Zim's US$1bn lithium plan faces setback

South Africa's Moti Group said a Chinese company with which it planned to
develop a US$1 billion lithium processing plant in Zimbabwe was halving its
stake in the venture, dealing .
<https://bullszimbabwe.com/zims-us1bn-lithium-plan-faces-setback/> Read more
>

Econet fears foreign currency challenges

ECONET Wireless Zimbabwe (EWZ) says it fears that foreign currency
challenges will constrain its envisioned US$135 million capital expenditure
programme, as the mobile network operator intends to invest more in .
<https://bullszimbabwe.com/econet-fears-foreign-currency-challenges/> Read
more >

Forex shortfalls choke miners

A SIGNIFICANT number of large-scale mining houses, particularly those
undertaking expansion projects, are hamstrung by foreign exchange shortfalls
to meet their capital expenditure and operations, the Chamber of Mines of .
<https://bullszimbabwe.com/forex-shortfalls-choke-miners/> Read more >

Demand for support infrastructure increases as key economic sectors grow

The massive transformation and growth of the mining and agriculture sectors
under the Second Republic has piled pressure on the existing transport
infrastructure amid calls for enhanced rehabilitation, maintenance and .
<https://bullszimbabwe.com/demand-for-support-infrastructure-increases-as-ke
y-economic-sectors-grow/> Read more >

Roundtable discussion on energy, currency challenges

In his presentation, Dr Nebson Mupunga, stressed that the fundamentals are
indeed strong to support exchange rate and price stability. The fiscal
deficits have been recorded mostly below 3 percent, .
<https://bullszimbabwe.com/roundtable-discussion-on-energy-currency-challeng
es/> Read more >

 <mailto:info at bulls.co.zw> 

Insurance industry ready for USD bond

Zimbabwe has for the past few years shown a desire to issue a US$100 million
bond, and the pensions industry believes it is long overdue as the industry
longs for .
<https://bullszimbabwe.com/insurance-industry-ready-for-usd-bond/> Read more
>

Industry decries mandatory exchange rate pricing law

Zimbabwe's law compelling businesses to use the official exchange rate plus
a maximum of 10 percent markup when setting prices, has a distortionary
effect on pricing, industrialists say, while this .
<https://bullszimbabwe.com/industry-decries-mandatory-exchange-rate-pricing-
law/> Read more >

Massive defaults hit Govt-backed loans

The parallel market rate is slowly responding to the strengthening of the
Zimbabwe dollar with demand for foreign currency on this week's auction
system of more than US$17 million the .
<https://bullszimbabwe.com/massive-defaults-hit-govt-backed-loans/> Read
more >

Exchange rate fall plunges Zim into deeper debt distress

The domestic economy is expected to exceed the initial projected growth of
3,8 percent in 2023, to 5,3 percent, on account of better than anticipated
agriculture season, following the normal .
<https://bullszimbabwe.com/exchange-rate-fall-plunges-zim-into-deeper-debt-d
istress/> Read more >

Life insurance has potential to transform economy: Report

According to the Zimbabwe insurance sector survey done by Zimbabwe
Independent in collaboration with M&A, life insurance can help to grow the
economy.STRATEGIC advisory firm, Mark and Associates Consulting Group .
<https://bullszimbabwe.com/life-insurance-has-potential-to-transform-economy
-report/> Read more >

ZiscoSteel to invest US$32m into iron ore, limestone mining

REDCLIFF-BASED steelmaker ZiscoSteel requires roughly US$32 million to
resuscitate the iron ore mining business and restart limestone mining, a
company official said on Wednesady. Kuvimba Mining House (KMH) was appointed
.
<https://bullszimbabwe.com/ziscosteel-to-invest-us32m-into-iron-ore-limeston
e-mining/> Read more >

Stanbic Bank develops deceased estate chatbot

The chatbot was carefully designed to provide information on frequently
asked questions regarding the handling of deceased estates.LEADING financial
services institution, Stanbic Bank has developed a deceased estate chatbot
that .
<https://bullszimbabwe.com/stanbic-bank-develops-deceased-estate-chatbot/>
Read more >

Zim loses US$15m annually to work-related injuries, deaths

The NSSA chief vowed to penalise organisations that knowingly expose their
employees to harm's way.ZIMBABWE'S economy is losing at least US$15 million
every year to work-related injuries, diseases and deaths, .
<https://bullszimbabwe.com/zim-loses-us15m-annually-to-work-related-injuries
-deaths/> Read more >

INVESTORS DIARY 2023

Company

Event

Venue

Date & Time

CBZ

AGM

Virtual

July 21 2023 | 4pm

POSB

AGM

Chapman Golf Club

July 25 2023 |10am

Afdis

AGM

Virtual | St Marnocks, Lomagundi Road, Stapleford

July 26 2023 | 12pm

RTG

AGM

Rainbow Towers Hotel

July 27 2023 |12pm

ZHL

AGM

206 Samora Machel Avenue

July 28 2023 | 10am

Delta

AGM

Virtual | Head Office, Northridge Close, Borrowdale

July 28 2023 | 12:30pm

Heroes' Day

Aug 14

Defence Forces Day

Aug 15

zIMBABWE

2023 harmonised elections

August 23

REST OF AFRICA

Counters Trading Under Cautionary

CBZH

GetBucks

EcoCash

Padenga

Econet

RTG

Fidelity

TSL

FMHL

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.

 Invest Wisely!

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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