Bulls n Bears Investors Notebook : 24 July 2023

Mon Jul 24 12:34:51 CAT 2023

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Bulls n Bears Investors Notebook : 24 July 2023

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

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Invictus ups oil, gas exploration acreage

Invictus Energy, the Australian firm exploring for oil and gas in the
northern parts of Zimbabwe, says its 2 dimension (2D) seismic data
acquisition on two blocks of additional prospective .
<https://bullszimbabwe.com/> Read more >

Real estates interim board unveiled

THE Zimbabwe Stock Exchange has appointed a 13-member interim board of the
newly constituted Real Estate Investment Trust (REITs) Association of
Zimbabwe to be led by Integrated Properties chief executive .
<https://bullszimbabwe.com/> Read more >

 <mailto:info at bulls.co.zw> 

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

Public entities get greenlight to blend salaries, allowances

PUBLIC entities have been allowed to pay part of salaries and allowances for
all employees in both local currency and United States dollars as Government
seeks to cushion employees from .  <https://bullszimbabwe.com/> Read more >

Real Estate Investment Trusts get Ministry of Finance backing

THE Ministry of Finance and Economic Development has pledged its support
towards the growth of the Real Estate Investment Trusts (REITs) initiative
through the implementation of different regulatory frameworks that .
<https://bullszimbabwe.com/> Read more >

Zimra surpasses revenue target

The Zimbabwe Revenue Authority (Zimra) collected $1,99 trillion in net
revenue last year, 14 percent above the target of $1,60 trillion spurred by
milestones registered in the agricultural sector. Board .
<https://bullszimbabwe.com/> 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/> 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/> Read
more >

 <mailto:info at bulls.co.zw> 

Tanzania's sugar producer acquires Tongaat Hulett divisions

TANZANIA'S sugar manufacturing concern, Kagera Sugar Limited, has acquired
Tongaat Hulett Limited's divisions in South Africa and investments in
Zimbabwe, Mozambique and Botswana. In a statement by the Business Rescue .
<https://bullszimbabwe.com/> Read more >

RTG to leverage on digital platform

Hospitality concern, Rainbow Tourism Group (RTG), wants to leverage its
digital platform Gateway Stream as a channel to penetrate the regional
markets as it boosts its footprint across borders. Chief .
<https://bullszimbabwe.com/> Read more >

Firming Zimbabwe Dollar to drive sales up, Pick n Pay

Pick n Pay Group says the strengthening of the Zimbabwe dollar may help
drive up volumes between now and August as the country heads for the
harmonised. In its trading . .  <https://bullszimbabwe.com/> Read more >

AfDB partners global women empowerment organisation

The African Development Bank (AfDB) has partnered the global Women Deliver
2023 Conference, a multi-sectoral gathering for advancing gender equality
worldwide. This comes as the region is demonstrating commitment to .
<https://bullszimbabwe.com/> Read more >

Zim draws-down US$857 million in SDRs

Zimbabwe has drawdown US$857 million in Special Drawing Rights (SDR) from
the International Monetary Fund (IMF), according to a schedule released by
the Treasury. The money was part of the .  <https://bullszimbabwe.com/> Read
more >

Premier African Minerals/Canmax head to Singapore for arbitration

Premier African Minerals and Canmax Technologies dispute over the
termination of the offtake and prepayment agreement may be headed for
arbitration in Singapore if the two companies fail to reach .
<https://bullszimbabwe.com/> Read more >

Zimplow eyes growth beyond the region

VICTORIA Falls Stock Exchange (VFEX)-listed diversified group Zimplow seeks
to raise US$5 million in the next two years for capital projects as it eyes
growth beyond the region, a company . <https://bullszimbabwe.com/> Read more
>

Meikles profit after tax falls to $3bn

MEIKLES Limited recorded a reduction in profit after tax to $3,1 billion in
the financial year ended February 28, 2023, owing to significant increases
in net operating costs. The decrease . <https://bullszimbabwe.com/> Read
more >

INVESTORS DIARY 2023

Company

Event

Venue

Date & Time

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.

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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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