Bulls n Bears Investors Notebook : 03 April 2024

Wed Apr 3 06:48:31 CAT 2024

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Bulls n Bears Investors Notebook : 03 April 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Local platinum producers call for review of forex retention threshold

Zimbabwe's platinum companies are lobbying for an increase in the amount of
foreign currency they can retain from their earnings, it has been learnt.
This request comes amidst a global .
<https://bullszimbabwe.com/local-platinum-producers-call-for-review-of-forex
-retention-threshold/> Read more >

Standard Chartered Zimbabwe sale to FBC Holdings nears completion

The acquisition of Standard Chartered Zimbabwe by FBC Holdings is on track
and is expected to be finalised by June of this year, according to a
statement released by Standard . .
<https://bullszimbabwe.com/standard-chartered-zimbabwe-sale-to-fbc-holdings-
nears-completion/> Read more >

BAT in full year 2023 volume decline

British American Tobacco (BAT) reported a 5 percent decline in total volume,
marking a shift from 1,054 million sticks to 1,003 million sticks compared
to the previous year, according to .
<https://bullszimbabwe.com/bat-in-full-year-2023-volume-decline/> Read more
>

Econet's reunion with EcoCash's fintech businesses a strategic move

Zimbabwe Stock Exchange listed entity, Econet Wireless Zimbabwe (Econet),
has released more details of its intention to reacquire the financial
technology (fintech) businesses it demerged to EcoCash Holdings in 2018. .
<https://bullszimbabwe.com/econets-reunion-with-ecocashs-fintech-businesses-
a-strategic-move/> Read more >

Make your voices heard, women urged

EMERITUS Reinsurance head of reinsurance Clementine Chinyuku has urged women
in the insurance sector to speak up and fight for their space in a
male-dominated field. Speaking last week during .
<https://bullszimbabwe.com/make-your-voices-heard-women-urged/> Read more >

'ZSE bull run will burst, lacks fundamentals'

THE recent bull run on the Zimbabwe Stock Exchange (ZSE) buoyed by the
continuous rise of forex premiums is not sustainable as it is not backed by
fundamentals, local market .
<https://bullszimbabwe.com/zse-bull-run-will-burst-lacks-fundamentals/> Read
more >

Treasury deploys AfDB grants, seeks consultants

TREASURY is seeking consultancy services in legal drafting towards arrears
clearance and reviewing the short- and medium-term State enterprise reform
framework using African Development Bank (AfDB) funding. As reported earlier
.
<https://bullszimbabwe.com/treasury-deploys-afdb-grants-seeks-consultants/>
Read more >

Mining division drives Hwange's profit growth

HWANGE Colliery Company Limited's (HCCL) mining division driven by the
mechanisation of the segment in the first quarter of the year 2023 was the
most performing segment when compared to .
<https://bullszimbabwe.com/mining-division-drives-hwanges-profit-growth/>
Read more >

POSB partial privatisation put on halt

THE planned partial privatisation of the People's Own Savings Bank (POSB)
has been put on halt as the bank awaits further guidance on the project from
the shareholder. Partial privatisation .
<https://bullszimbabwe.com/posb-partial-privatisation-put-on-halt/> Read
more >

Mealie-meal readily available: CCZ

THE Consumer Council of Zimbabwe (CCZ) has said surveys indicate that grain
and mealie-meal are readily available in both the formal and informal
markets, with the consumer watchdog expressing appreciation .
<https://bullszimbabwe.com/mealie-meal-readily-available-ccz/> Read more >

Confederation of Zimbabwe Retailers invites Seychelles MSMEs

CONFEDERATION of Zimbabwe Retailers (CZR) has invited Seychelles micro,
small and medium enterprises (MSMEs) to collaborate with local players and
invest in the blue and secular economies, saying that Zimbabwe's .
<https://bullszimbabwe.com/confederation-of-zimbabwe-retailers-invites-seych
elles-msmes/> Read more >

Zimplats Appoints Mrs Emilia Chisango as Independent Non-Executive Director

PLATINUM group metals (PGMs) producer Zimplats has appointed Mrs Emilia
Chisango as an independent non-executive director of the company with effect
from 1 April 2024. Mrs Chisango is a Chartered .
<https://bullszimbabwe.com/zimplats-appoints-mrs-emilia-chisango-as-independ
ent-non-executive-director/> Read more >

PPC capex lags due to delayed fly ash project

PRETORIA Portland Cement (PPC) says its capital expenditure remains behind
the target of R600 million for the financial year to March 2024 due to
delayed implementation of the fly ash .
<https://bullszimbabwe.com/ppc-capex-lags-due-to-delayed-fly-ash-project/>
Read more >

Banking sector makes huge strides

ZIMBABWE'S banking sector has achieved significant strides through the
growth and development of indigenously-owned financial institutions since
the attainment of Independence in 1980, economic analysts have said. A case
study . <https://bullszimbabwe.com/banking-sector-makes-huge-strides/> Read
more >

New plant to anchor Proplastics volume growth

Proplastics turnover for the full year to December 31, 2023 grew by 22
percent to US$21,3 million in the prior year with the growth underpinned by
a 22 percent increase .
<https://bullszimbabwe.com/new-plant-to-anchor-proplastics-volume-growth/>
Read more >

SecZim pushes for efficient, profitable SMIs

THE Securities and Exchange Commission of Zimbabwe (SecZim) plans to reduce
the capital requirements for securities market intermediaries (SMIs) to make
them efficient and profitable. SMIs are entities that facilitate .
<https://bullszimbabwe.com/seczim-pushes-for-efficient-profitable-smis/>
Read more >

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

Good Friday

march 29

Easter Monday

1 April

Independence Day

April 18

Workers day

1 May

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 Cellphone:            +263 71 944 1674 | +27 79 993 5557 

Email:               bulls at bullszimbabwe.com

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Blog:                 www.bullszimbabwe.com/blog

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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.

 (c) 2024 Web: www.bullszimbabwe.com Email: bulls at bullszimbabwe.com Tel: +27
79 993 5557 | +263 71 944 1674

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