Bulls n Bears Investors Notebook : 24 May 2023

Wed May 24 02:09:55 CAT 2023

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Bulls n Bears Investors Notebook : 24 May 2023

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

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

Liquid Dataport launches terrestrial data superhighway

Zimbabwean businesses and individuals are set to benefit from improved
connectivity following a ground-breaking achievement by Liquid Dataport,
which has launched the first-ever connection between Mombasa and South
Africa. Liquid .
<https://bullszimbabwe.com/liquid-dataport-launches-terrestrial-data-superhi
ghway/> Read more >

RioZim seeks a stable power supply

The Zimbabwe Stock Exchange-listed company, RioZim, has said it will remain
focused on securing a steady power supply across all its operations to
ensure consistent capacity output. The mining company .
<https://bullszimbabwe.com/riozim-seeks-a-stable-power-supply/> Read more >

 <mailto:info at bulls.co.zw> 

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

Report urges Government to loosen currency controls

A report by two separate commissions said the Zimbabwe dollar was overvalued
and urged the government to loosen foreign currency controls and allow
market forces to determine the exchange rate.The .
<https://bullszimbabwe.com/report-urges-government-to-loosen-currency-contro
ls/> Read more >

ZB mulls job cuts, global economic downturn cited

ZB Holdings plans to retrench an unspecified number of workers as part of
its restructuring exercise resulting from the global economic downturn and
the effects of the Covid-19 pandemic, according .
<https://bullszimbabwe.com/zb-mulls-job-cuts-global-economic-downturn-cited/
> Read more >

Zim dollar tumbles 34 percent on official auction system

The Zimbabwe dollar weakened by approximately 34 percent on Friday, its
biggest fall in months following the decision by authorities to implement a
"pure" Dutch auction system. Following a massive .
<https://bullszimbabwe.com/zim-dollar-tumbles-34-percent-on-official-auction
-system/> Read more >

Border Timbers pushes for recapitalization

Listed timber producer Border Timbers in its trading update for the nine
months to March 31, 2023 said it is still pushing for the recapitalization
of its operations in order .
<https://bullszimbabwe.com/border-timbers-pushes-for-recapitalization/> Read
more >

Leather sector struggles to access US$5m package

PLAYERS in the leather sector have said they are struggling to access the
US$5 million retooling fund availed under the IMF Special Drawing Rights, as
financial institutions administrating the facility .
<https://bullszimbabwe.com/leather-sector-struggles-to-access-us5m-package/>
Read more >

 <mailto:info at bulls.co.zw> 

Obsolete equipment strains Border Timbers performance

OBSOLETE equipment and constant breakdowns have become a major drawback to
the growth and performance of listed timber producer, Border Timbers, which
recorded low output and weak sales for the .
<https://bullszimbabwe.com/obsolete-equipment-strains-border-timbers-perform
ance/> Read more >

Official exchange rate shoots to US$1:ZWL$1,888

THE official exchange rate at the Reserve Bank of Zimbabwe (RBZ)'s Foreign
Exchange Auction System has jumped to US$1: ZWL$1,888, significantly
narrowing the gap with the parallel market levels while .
<https://bullszimbabwe.com/official-exchange-rate-shoots-to-us1zwl1888/>
Read more >

Truworths volumes drop

LISTED clothing retailer, Truworths, says units sold declined by 45 percent
in half the year ended January 8, 2023 due to the suspension of credit from
1 July 2022 and . <https://bullszimbabwe.com/truworths-volumes-drop/> Read
more >

Account for allocated forex resources -CZR

GOVERNMENT should speedily set up an inter-agency committee to investigate
companies that accessed foreign currency in the auction system for
retooling, but are offloading goods on the black market, the .
<https://bullszimbabwe.com/account-for-allocated-forex-resources-czr/> Read
more >

Zimbabwe carbon credit programmes get two months to meet new rules

ZIMBABWE, which roiled the global carbon credits industry by cancelling
offset programmes last week, will now give producers of the securities two
months to comply with new rules including handing .
<https://bullszimbabwe.com/zimbabwe-carbon-credit-programmes-get-two-months-
to-meet-new-rules/> Read more >

Nssa forensic audit complete

A FORENSIC audit of the National Social Security Authority (Nssa) by AMG
Global has been completed, a senior official has said. The audit covers a
lot of aspects including corporate .
<https://bullszimbabwe.com/nssa-forensic-audit-complete/> Read more >

Is dollarisation driving more firms to VFEX?

AS more companies continue to delist from the Zimbabwe Stock Exchange (ZSE)
to join its foreign currency-denominated subsidiary, the Victoria Falls
Stock Exchange (VFEX), market players appear to suggest that .
<https://bullszimbabwe.com/is-dollarisation-driving-more-firms-to-vfex/>
Read more >

Zim ranks top among global exotic leather exporters

ZIMBABWE ranks first and second in Africa and the world respectively in
exports of exotic leather, a sector said to be thriving. This came out
during the official launch of .
<https://bullszimbabwe.com/zim-ranks-top-among-global-exotic-leather-exporte
rs/> Read more >

INVESTORS DIARY 2023

Company

Event

Venue

Date & Time

Africa Day

May 25

Heroes' Day

Aug 14

Defence Forces Day

Aug 15

REST OF AFRICA

Counters Trading Under Cautionary

CBZH

GetBucks

EcoCash

TSL

Econet

Turnall

First Capital Bank

ZBFH

Fidelity

Zimplow

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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Skype:         Bulls.Bears 

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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