Bulls n Bears Investors Notebook : 02 August 2024

Fri Aug 2 10:18:22 CAT 2024

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Bulls n Bears Investors Notebook : 02 August 2024

 <mailto:info at bulls.co.zw> 

Bulls ‘n Bears Investors Diary: Today’s Events

Zim hosts OESAI annual conference

ZIMBABWE is set to host the Organisation of Eastern and Southern Africa
Insurers (OESAI) conference next week in Victoria Falls, as the country
seeks to benefit from meetings, incentives, conferences 

<https://bullszimbabwe.com/zim-hosts-oesai-annual-conference/> Read more »

CZI elects new leadership

The Pulse Group is one of the leading suppliers of pharmaceutical, surgical
care, theatre equipment and sundries, laboratory and genetic mapping
products in Zimbabwe.THE country’s largest industry lobby group, the 

<https://bullszimbabwe.com/czi-elects-new-leadership/> Read more »

Weak consumer spending impacts CFI Holdings margins

CFI Holdings says falling consumer spending power and new tax measures which
took effect from 1 January 2024 put additional pressure on sales volumes and
operating margins. Group chairperson, Itai 

<https://bullszimbabwe.com/weak-consumer-spending-impacts-cfi-holdings-margi
ns/> Read more »

Invictus Energy lists on VFEX after US$10m Zim capital raise

Invictus Energy, which discovered two condensate gas deposits in the Cabora
Bassa Basin north of Zimbabwe, late last year, is set to list on the
Victoria Falls Stock Exchange today 

<https://bullszimbabwe.com/invictus-energy-lists-on-vfex-after-us10m-zim-cap
ital-raise/> Read more »

Zim’s State-owned enterprises shine

Introduction: In a momentous stride toward transparency and accountability,
Zimbabwe’s state enterprises have observed a remarkable surge in the
submission of audited financial statements for the year 2023, signalling a 

<https://bullszimbabwe.com/zims-state-owned-enterprises-shine/> Read more »

Tourism receipts up 35pc to US$241m during first quarter

Zimbabwe’s tourism receipts are estimated to have increased by 35 percent to
US$241 million in the first quarter of the year 2024 from US$178 million in
the same quarter last 

<https://bullszimbabwe.com/tourism-receipts-up-35pc-to-us241m-during-first-q
uarter/> Read more »

Masundire takes reins at Mashonaland Holdings

In a leadership transition, Mashonaland Holdings Limited has appointed
Kudakwashe Musundire as the new managing director, effective from August 1,
2024. This appointment marks a pivotal moment for the company, 

<https://bullszimbabwe.com/masundire-takes-reins-at-mashonaland-holdings/>
Read more »

Restrictive regulations choke SADC FDI

The Southern African Development Community (SADC) region has been grappling
with a persistent challenge: attracting foreign direct investment (FDI). A
joint investment scorecard project by the World Bank and SADC 

<https://bullszimbabwe.com/restrictive-regulations-choke-sadc-fdi/> Read
more »

Businesses cautious on Mid-term budget review policies

Businesses believe that while the latest Mid-Term budget review brought some
tax relief measures, it offered a blend of optimism and caution. They say
the recognition of policy recommendations from 

<https://bullszimbabwe.com/businesses-cautious-on-mid-term-budget-review-pol
icies/> Read more »

Treasury pays US$356 million for maturing TBs

Treasury has paid over US$356 million for maturing Treasury Bills (TBs) in
the first half of 2024, according to Finance, Economic Development and
Investment Promotion Minister, Professor Mthuli Ncube. This 

<https://bullszimbabwe.com/treasury-pays-us356-million-for-maturing-tbs/>
Read more »

Fiscalisation of fuel sales to curb tax evasion

In a bid to tighten its grip on tax evasion and improve transaction
transparency, Treasury has mandated the fiscalisation of domestic fuel
sales. The new policy, which comes into effect 

<https://bullszimbabwe.com/fiscalisation-of-fuel-sales-to-curb-tax-evasion/>
Read more »

Afreximbank VP sounds alarm on project preparedness

Africa Export-Import Bank (Afreximbank) executive vice president – Finance,
Administration and Banking, Denys Denya, has expressed deep concern over the
lack of preparedness among Zimbabwean firms seeking funding from the 

<https://bullszimbabwe.com/afreximbank-vp-sounds-alarm-on-project-preparedne
ss/> Read more »

Old farmers lead in agriculture loans default

Zimbabwe’s agricultural sector could be facing a growing crisis due to an
aging farming population, according to a study by CBZ Agro-Yield, a leading
local agricultural financier. An analysis of 

<https://bullszimbabwe.com/old-farmers-lead-in-agriculture-loans-default/>
Read more »

Farmers call for multi-pronged strategy to agric

AT a time Zimbabwe is reeling from the devastating effects of the El
Niño-induced drought, farmers have underscored the need for a multifaceted
approach to ensure the country achieves its 
 <https://bullszimbabwe.com/>
Read more »

Low investment in R & D stunting Sadc industrialisation

The Southern African Development Community (SADC) faces significant hurdles
in achieving its industrialisation goals due to insufficient investment in
research and development (R& D), according to the bloc’s secretariat.
Despite 

<https://bullszimbabwe.com/low-investment-in-r-d-stunting-sadc-industrialisa
tion/> Read more »

Cassava Technologies launches its own AI business unit, Cassava AI

PRESS RELEASE – Technology systems integrator Cassava Technologies (Cassava)
has announced that its AI activities will now operate as a separate business
unit, Cassava AI. Since the advent of Generative 

<https://bullszimbabwe.com/cassava-technologies-launches-its-own-ai-business
-unit-cassava-ai/> Read more »

CZI optimistic of SADC Industrialisation Week gains

THE Confederation of Zimbabwe Industries (CZI) has expressed optimism of
positive outcomes for local firms as the country hosts the Southern African
Development Community (SADC) Industrialisation Week which commenced on 

<https://bullszimbabwe.com/> Read more »

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

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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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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