Bulls n Bears Investors Notebook : 20 February 2024

Tue Feb 20 10:10:47 CAT 2024

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Bulls n Bears Investors Notebook : 20 February 2024

 <mailto:info at bulls.co.zw> 

Bulls ‘n Bears Investors Diary: Today’s Events

ZSE, VFEX suffer heavy losses

ZIMBABWE’S stock exchanges experienced significant market capitalisation
losses last week owing to uncertainty over government’s proposed “structured
currency”, liquidity crisis and a decline in trading volumes, a new report
has 
  <https://bullszimbabwe.com/zse-vfex-suffer-heavy-losses/> Read more »

EcoCash widens its merchant channel partnerships

EcoCash, Zimbabwe’s leading financial technology platform, says it has
further widened its merchant strategic channel partnerships with nation-wide
supermarket chains, pharmacies, service stations, formal and informal retail
outlets, to offer 

<https://bullszimbabwe.com/ecocash-widens-its-merchant-channel-partnerships/
> Read more »

Amplats to cut jobs cuts after profit plunge

Anglo American Platinum said on Monday it plans to cut thousands of jobs at
its mines in South Africa after its profits plunged by 71 percent last year.
The company 

<https://bullszimbabwe.com/amplats-to-cut-jobs-cuts-after-profit-plunge/>
Read more »

Premier seeks US$3,1m to commence operations

ZIMBABWE-focused diversified mining group Premier African Mineral intends to
raise £2,4 million (about US$3,15 million) to fund its Zulu Lithium and
Tantalum project in Matabeleland South Province. The United
Kingdom-headquartered 

<https://bullszimbabwe.com/premier-seeks-us31m-to-commence-operations/> Read
more »

Tanganda to grow regional footprint

Zimbabwe Stock Exchange (ZSE) listed horticulture firm, Tanganda Tea Company
intends to expand its regional footprint to grow its export proceeds and
dilute the impact of foreign exchange surrender requirements 

<https://bullszimbabwe.com/tanganda-to-grow-regional-footprint/> Read more »

BNC targets return to full production in March

Bindura Nickel Corporation (BNC) says it will focus on commissioning the
SubVertical Rock Winder (SVR) bull gear in the fourth quarter of the firm’s
trading period, which ends in March. 

<https://bullszimbabwe.com/bnc-targets-return-to-full-production-in-march/>
Read more »

Vice President Chiwenga to inaugurate 3rd Zimbabwe-Belarus Business Forum
with a focus on stronger partnerships

VICE President Constantino Chiwenga is set to grace the official opening of
the 3rd Zimbabwe-Belarus Business Forum at the HICC in Harare as the Guest
of Honour today. The forum 

<https://bullszimbabwe.com/vice-president-chiwenga-to-inaugurate-3rd-zimbabw
e-belarus-business-forum-with-a-focus-on-stronger-partnerships/> Read more »

Gweru City Council partners with private developers to build trading
facilities for SME traders

GWERU City Council (GCC) has engaged private developers to construct decent
trading facilities for small and medium enterprise traders. In an interview,
Mayor Councillor Martin Chivhoko said at the moment, 

<https://bullszimbabwe.com/gweru-city-council-partners-with-private-develope
rs-to-build-trading-facilities-for-sme-traders/> Read more »

First Mutual challenges IPEC at High Court

LISTED First Mutual Life Assurance has lodged an application for review with
the High Court challenging a Corrective Order issued by the Insurance and
Pensions Commission. The corrective order directs 

<https://bullszimbabwe.com/first-mutual-challenges-ipec-at-high-court/> Read
more »

Zimbabwe embarks on skills audit consultations

GOVERNMENT has embarked on a skills audit consultation process in an effort
to address the mass exodus of skilled personnel from the country during the
last two decades, said a 

<https://bullszimbabwe.com/zimbabwe-embarks-on-skills-audit-consultations/>
Read more »

Nampak revenue jumps 19pc in Q1 despite economic headwinds

Listed packaging products maker Nampak Holdings Limited’s revenue for the
first quarter to December 31, 2023, jumped 19 percent to $172.5 billion, as
volumes for the period were ahead of 

<https://bullszimbabwe.com/nampak-revenue-jumps-19pc-in-q1-despite-economic-
headwinds/> Read more »

OK Zimbabwe records declined volumes

OK Zimbabwe Limited, a leading retail group in the country, experienced a 32
percent decline in volumes during the quarter ending December 31, 2023,
compared to the previous year, and 

<https://bullszimbabwe.com/ok-zimbabwe-records-declined-volumes/> Read more
»

Realising ‘smart cities’ concept, a collaborative effort: Expert

MAKING Zimbabwe a smart economy requires collaborative efforts of key
stakeholders with the right policies and frameworks in place, a local
financial advisory firm has said. As Zimbabwe seeks to 

<https://bullszimbabwe.com/realising-smart-cities-concept-a-collaborative-ef
fort-expert/> Read more »

Govt coffers bleed as oversight too ‘cumbersome’ for Treasury

TREASURY’S “value for money” audit to screen exorbitant invoices from
government suppliers is being applied after the contract has been awarded as
it is too cumbersome to undertake the exercise 

<https://bullszimbabwe.com/govt-coffers-bleed-as-oversight-too-cumbersome-fo
r-treasury/> Read more »

ZIDA to double down to drive investments

The Zimbabwe Investment and Development Agency (ZIDA) says it will continue
to foster strong partnerships with key stakeholders to promote investment
processes and ease of doing business. ZIDA is the 

<https://bullszimbabwe.com/zida-to-double-down-to-drive-investments/> Read
more »

Hippo Valley feels effects of unfavourable weather conditions

Hippo Valley Estates (Hippo) says total sugar produced in the quarter to
December 31, 2023, which marks the end of the crushing season, declined 6
percent to 194 684 tonnes 

<https://bullszimbabwe.com/hippo-valley-feels-effects-of-unfavourable-weathe
r-conditions/> Read more »

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

Robert Gabriel Mugabe Youth Day

Feb 21

Nampak

AGM

Virtual (FTS Platform)

28 Feb 9am

Art

AGM

virtual (escrow platform)

March 7. 2:30

2024 auction tobacco marketing season opens

13 march

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

Website:            www.bullszimbabwe.com 

Blog:                 www.bullszimbabwe.com/blog

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LinkedIn:           Bulls n Bears Zimbabwe

Facebook:          www.facebook.com/BullsBearsZimbabwe

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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