Bulls n Bears Investors Notebook : 30 May 2023

Tue May 30 02:27:16 CAT 2023

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Bulls n Bears Investors Notebook : 30 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

Government intervenes to assert Zim dollar

ALL Government agencies including parastatals will now collect fees in local
currency, Government rather than the Reserve Bank will buy the 25 percent of
foreign currency exporters are required to .
<https://bullszimbabwe.com/government-intervenes-to-assert-zim-dollar/> Read
more >

Cheap imports cripple clothing sector viability

THE Zimbabwe Clothing Manufacturers Association (ZCMA) has blamed cheap
imported clothing into the country for crippling the sector whose employment
figures have plummeted to 6 500 from a peak of .
<https://bullszimbabwe.com/cheap-imports-cripple-clothing-sector-viability/>
Read more >

 <mailto:info at bulls.co.zw> 

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

Africa Finance Corporation secures US$625mln syndicated loan facility

THE Africa Finance Corporation, a leading infrastructure solutions provider
on the continent, has secured a US$625 million syndicated loan with new
lenders from the Middle East and Asia. Joining the .
<https://bullszimbabwe.com/africa-finance-corporation-secures-us625mln-syndi
cated-loan-facility/> Read more >

New global tax rules may see African countries losing out, again

A NEW system of taxation imposes a top-up tax on profits arising in a
jurisdiction whenever the effective tax rate is less than 15 percent.
African countries need to act .
<https://bullszimbabwe.com/new-global-tax-rules-may-see-african-countries-lo
sing-out-again/> Read more >

Zimbabwe, Zambia establish a Transfrontier conservation area

ZIMBABWE and Zambia on Friday signed a Memorandum of Understanding (MoU) to
establish the Lower Zambezi Mana Pools (LOZAMAP) Transfrontier Conservation
Area (TFCA), as the two neighbouring countries seek to .
<https://bullszimbabwe.com/zimbabwe-zambia-establish-a-transfrontier-conserv
ation-area/> Read more >

SADC steps up efforts to attract FDI into the region

SADC has stepped up efforts to attract more foreign direct investment (FDI)
into the region, which is critical in developing a sound economic base and
transforming ordinary people's livelihoods. This .
<https://bullszimbabwe.com/prospect-lithium-to-diversify-into-tantalite-prod
uction/> Read more >

Bulawayo firm breaks new ground. . . acquires first transformer oil
regeneration machine

BULAWAYO-based industrial solutions firm, Star Delta Company has acquired a
CMM R12 machine, which is capable of regenerating transformer oil and
servicing of copper wire windings. In what could be .
<https://bullszimbabwe.com/bulawayo-firm-breaks-new-ground-acquires-first-tr
ansformer-oil-regeneration-machine/> Read more >

 <mailto:info at bulls.co.zw> 

7-star hotel for Vic Falls

VICTORIA Falls City Council has partnered with CBZ Bank and a Swiss
developer to build a 7-star hotel in the resort city. The city's mayor
Councillor Somvelo Dlamini told Chronicle .
<https://bullszimbabwe.com/7-star-hotel-for-vic-falls/> Read more >

Duty removal to increase forex outflow

The removal of import duty on basic commodities will result in increased
outflows of foreign currency as suppliers outside the country will take
advantage of the window to increase their .
<https://bullszimbabwe.com/duty-removal-to-increase-forex-outflow/> Read
more >

NBS launches asset financing

National Building Society (NBS) Bank launched its asset financing programme
through their private banking arm as it seeks to give its customers more
value. Such services will be available to .
<https://bullszimbabwe.com/nbs-launches-asset-financing/> Read more >

Banks demand for digital currency surges

The banking sector says demand for digital currency in the country has been
strong since the Reserve Bank of Zimbabwe (RBZ) introduced the token on May
8. Bankers Association of .
<https://bullszimbabwe.com/banks-demand-for-digital-currency-surges/> Read
more >

Zimbabwe-China Business Forum begins today

All is set for today's (Tuesday) Zimbabwe-China Business Forum, in Beijing,
China that is set to explore trade and investment opportunities between the
two countries. The Zimbabwe - China Business .
<https://bullszimbabwe.com/zimbabwe-china-business-forum-begins-today/> Read
more >

Axia Corporation in solid performance

Specialty retail group, Axia Corporation Limited, experienced a solid
performance for the third quarter to March 31, 2023 supported by a 12
percent growth in TV Sales and Home. The .
<https://bullszimbabwe.com/axia-corporation-in-solid-performance/> Read more
>

Turnall back with rights offer option

Turnall announced that it will go on with its rights offer issue which they
had previously shelved after some minority shareholders offered to sell
shares in fear of ownership dilution. .
<https://bullszimbabwe.com/turnall-back-with-rights-offer-option/> Read more
>

EMA renews Invictu's environmental impact assessment

THE Environmental Management Agency (EMA) has renewed an Environmental
Impact Assessment and Environmental Management Plan by Invictus Energy,
which is scouting for oil and gas at the Cabora Bassa Basin .
<https://bullszimbabwe.com/ema-renews-invictus-environmental-impact-assessme
nt/> Read more >

INVESTORS DIARY 2023

Company

Event

Venue

Date & Time

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.

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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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