Bulls n Bears Investors Notebook : 31 May 2023

Wed May 31 02:18:46 CAT 2023

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Bulls n Bears Investors Notebook : 31 May 2023

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Bulls ‘n Bears Investors Diary: Today’s Events

Quotable Quote:

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

Zimbabwe announces new measures to aid ailing local currency

(Reuters) – Zimbabwe’s treasury has announced measures to encourage the use of the local dollar as opposed to the U.S. dollar, in a bid to boost the local unit and …  <https://bullszimbabwe.com/zimbabwe-announces-new-measures-to-aid-ailing-local-currency/> Read more »

First Mutual profit hits $17,6 billion in Q1

Listed insurer, First Mutual Holdings, says its first quarter to March 31, 2023 profits bulked 616 percent to $17,6 billion as insurance contract revenues increased. Sheila Lorimer, First Mutual company …  <https://bullszimbabwe.com/first-mutual-profit-hits-176-billion-in-q1/> Read more »

 <mailto:info at bulls.co.zw> 

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

Call for Zimra to curb smuggling of goods

There is need for the Zimbabwe Revenue Authority (ZIMRA) to strengthen measures to combat smuggling of imported goods into the country as this has the potential to reverse the reindustrialisation …  <https://bullszimbabwe.com/call-for-zimra-to-curb-smuggling-of-goods/> Read more »

Tobacco sales inch towards US$700 million

TOBACCO sales have reached US$683,8 million from 227,3 million kilogrammes delivered at the auction floors since the start of this year’s marketing season in March, official figures. In the corresponding … <https://bullszimbabwe.com/tobacco-sales-inch-towards-us700-million/> Read more »

Zim – China in drive to boost trade and investment

The win-win cooperation between Zimbabwe and China will pave way for socio-economic development of the two the countries, Minister of Foreign Affairs and International Trade, Ambassador Frederick Shava, said during …  <https://bullszimbabwe.com/zim-china-in-drive-to-boost-trade-and-investment/> Read more »

Imported internet increases network costs

PLAYERS in the telecommunications sector have attributed the high costs of digital connectivity services to imported internet and key accessories’ expenses, which they incur among other operational obligations. Responding to … <https://bullszimbabwe.com/imported-internet-increases-network-costs/> Read more »

NSSA rolls out rural outreach in Mat South

THE National Social Security Authority (NSSA) has embarked on a community outreachprogramme targeting rural communities in Matabeleland South province where it seeksto raise awareness among stakeholders. In line with the … <https://bullszimbabwe.com/nssa-rolls-out-rural-outreach-in-mat-south/> Read more »

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ATAF backs African governments on carbon tax

THE African Tax Administration Forum (ATAF) has pledged to support African taxauthorities including Zimbabwe in coming up with clear guidelines on how carbon taxescanbe implemented in the fight against climate … <https://bullszimbabwe.com/ataf-backs-african-governments-on-carbon-tax/> Read more »

Annual Chamber of Mines indaba kicks off inVictoria Falls

THE annual Chamber of Mines of Zimbabwe Conference kicks off here today anddelegates are expected to engage in high-level discussions during the three-day indaba.Coming at a time when Zimbabwe is … <https://bullszimbabwe.com/annual-chamber-of-mines-indaba-kicks-off-invictoria-falls/> Read more »

5 countries commit to replenishing the African Development Fund

FIVE African countries – Gambia, Ghana, Liberia, Sierra Leone, and Sudan havecommitted to contribute US$1 million each to the African Development Fund (ADF)’s next replenishment cycle. The five African Development … <https://bullszimbabwe.com/5-countries-commit-to-replenishing-the-african-development-fund/> Read more »

South Africa backs Zim debt resolution

SOUTH Africa has thrown its weight behind Zimbabwe’s arrears clearance and debtresolution efforts being championed by African Development Bank (AfDB) president, Dr   Akinwumi Adesina, with Harare’s neighbour saying … <https://bullszimbabwe.com/south-africa-backs-zim-debt-resolution/> Read more »

‘ICT, green economy skills future of labour markets’

LOCAL firms and the Government should prioritise reskilling of workers to meet future job needs while efforts should be directed towards boosting knowledge learning in areas such as information technology … <https://bullszimbabwe.com/ict-green-economy-skills-future-of-labour-markets/> Read more »

Auction rate drops 36,5 pc

The value of the Zimbabwe dollar on yesterday’s auction of US$15,27 million dropped just under 36,5 percent from the previous week with the weighted average calculated at $2 577,0564:US$1. Yesterday … <https://bullszimbabwe.com/auction-rate-drops-365-pc/> Read more »

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 »

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.

 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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