Bulls n Bears Investors Notebook : 16 January 2024

Tue Jan 16 08:46:36 CAT 2024

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Bulls n Bears Investors Notebook : 16 January 2024

 <https://www.firstcapitalbank.co.zw/> 

Bulls 'n Bears Investors Diary: Today's Events

Milk output grows 9 percent

Zimbabwe's milk production rose 9 percent to 90,31 million litres during the
11 months to November 2023 from 83,06 million litres in the comparative
period in 2022, latest data shows. .
<https://bullszimbabwe.com/milk-output-grows-9-percent/> Read more >

Tongaat Hullet business rescue plan adopted

Sugar processor, Tongaat Hulett Limited (THL), had its business rescue plan
approved and adopted by creditors, saving the entity from imminent
liquidation that was looming. Last month, it was reported .
<https://bullszimbabwe.com/tongaat-hullet-business-rescue-plan-adopted/>
Read more >

Firms increase power investments for own consumption

The Zimbabwe Energy Regulatory Authority (ZERA) says there has been
increased investment in renewable energy by independent power producers
(IPPs), mainly for their own consumption, in order to offset the .
<https://bullszimbabwe.com/firms-increase-power-investments-for-own-consumpt
ion/> Read more >

40-tonne per annum gold target within reach: Govt

The Government says it will continue implementing a cocktail of measures to
boost gold production to achieve the 40-tonne target stakeholders in the
sector set in 2019. Gold is Zimbabwe's .
<https://bullszimbabwe.com/40-tonne-per-annum-gold-target-within-reach-govt/
> Read more >

First Mutual Life Assurance attends to corrective order following forensic
audit by IPEC

LISTED First Mutual Life Assurance (FML) has said it is attending to a
Corrective Order issued by the Insurance and Pensions Commission after
(IPEC) conducted a forensic audit on FML .
<https://bullszimbabwe.com/first-mutual-life-assurance-attends-to-corrective
-order-following-forensic-audit-by-ipec/> Read more >

General Beltings appoint acting managing director

LISTED conveyor belts manufacturer, General Beltings Holdings Limited has
appointed Mr Joseph Gunda as the new acting managing director following the
retirement of Mr Wilbroad Tsuroh in December last year. .
<https://bullszimbabwe.com/general-beltings-appoint-acting-managing-director
/> Read more >

Advisory company to host Zim business rescue forum

FINANCIAL advisory firm, DEAT Capital Zimbabwe is set to host a high-level
Zimbabwe Business Rescue, Turnarounds and Insolvency Forum in February that
seeks to cast spotlight on the role of .
<https://bullszimbabwe.com/advisory-company-to-host-zim-business-rescue-foru
m/> Read more >

Byo company steps up pace in hydraulics, pneumatics services

A BULAWAYO company specialising in hydraulics and pneumatics, Fluid Air
Hydraulics recently acquired a stake in Regen Hydraco, a specialist in
hydraulic repairs and re-manufacturing of all units, a development .
<https://bullszimbabwe.com/byo-company-steps-up-pace-in-hydraulics-pneumatic
s-services/> Read more >

'Foundry sector to benefit from Disco plant'

ZIMBABWE Institute of Foundries (ZIF) has said the local foundry sector
stands to immensely benefit from the giant Dinson Iron and Steel Company
(Disco) plant in Manhize as it will .
<https://bullszimbabwe.com/foundry-sector-to-benefit-from-disco-plant/> Read
more >

Zida works on attracting investors

ZIMBABWE Investment and Development Agency (Zida), enthused by the high
uptake of its double online matchmaking mining and tourism initiatives that
seek to link mining and tourism players with potential .
<https://bullszimbabwe.com/zida-works-on-attracting-investors/> Read more >

Caledonia to spend US$34 million on capital expenditure

The Victoria Falls Stock Exchange (VFEX) listed resources group, Caledonia
Mining Corporation Plc, has budgeted US$34,4 million capital expenditure for
the group in 2024 as the group looks at enhancing .
<https://bullszimbabwe.com/caledonia-to-spend-us34-million-on-capital-expend
iture/> Read more >

Industry Policy to drive firms resuscitation

ZIMBABWE National Industrial Development Policy (ZNIP) will focus on
resuscitation of ailing industries through government support programmes
including incentives and policies aimed at enhancing competitiveness,
according to Industry and Commerce .
<https://bullszimbabwe.com/industry-policy-to-drive-firms-resuscitation/>
Read more >

Local currency shortages and USD demand stifle stock markets

The local market is facing liquidity challenges which have resulted in lower
buying momentum as Year-To-Date trading values show that 71 percent of the
total turnover is in Econet (47 .
<https://bullszimbabwe.com/local-currency-shortages-and-usd-demand-stifle-st
ock-markets/> Read more >

Premier African Minerals discovers more lithium rich ore

PREMIER African Minerals, which is developing the Zulu Lithium and tantalum
project in Insiza District, Matabeleland South Province, says latest assay
results have shown heavy presence of spodumene. Spodumene is .
<https://bullszimbabwe.com/premier-african-minerals-discovers-more-lithium-r
ich-ore/> Read more >

Pension industry forex-denominated assets surge

FOREIGN currency-denominated assets for the pension industry surged 42% to
close the third quarter of 2023 at US$326 million, NewsDay Business can
reveal. This was driven by the major asset . <https://bullszimbabwe.com/>
Read more >

Toll fees hike stalls domestic tourism: Govt

TOURISM minister Barbara Rwodzi has admitted that the recent toll fees hike
has negatively impacted domestic tourism. Government early this month
increased toll fees by 100% despite protest from motorists. .
<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.

 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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