Bulls n Bears Investors Notebook : 17 January 2024

Wed Jan 17 10:54:42 CAT 2024

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Bulls n Bears Investors Notebook : 17 January 2024

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

Bulls 'n Bears Investors Diary: Today's Events

World Bank revises Zim economic growth up to 3,5pc

The World Bank has revised upwards Zimbabwe's economic growth projections
both for 2023 and 2024 in its latest Global Economic Prospects report
released last week. The Bretton Woods Institution says .
<https://bullszimbabwe.com/> Read more >

RBZ avails US$4,1 billion to local companies to maintain price stability

THE Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction has allotted a
total US$4,1 billion since its inception, maintaining the lead in being the
largest local source of foreign currency .  <https://bullszimbabwe.com/>
Read more >

Power generation to determine mining sector performance

ELECTRICITY generation capacity is expected to have a huge bearing on the
performance of the mining sector this year, a critical driver of the economy
as an efficient energy supply . <https://bullszimbabwe.com/> Read more >

Disco fabrication plant to start production in March

THE Dinson Iron and Steel Company (Disco) fabrication plant, with a
projected capacity of 600 000 metric tons per year during the first phase,
is expected to commence production between . <https://bullszimbabwe.com/>
Read more >

Retailers defy Government on prices

RETAILERS continue to ignore the Government's directive to exempt certain
basic commodities from Value Added Tax (VAT) by not reducing prices of
goods, a move that is putting pressure on . <https://bullszimbabwe.com/>
Read more >

US$4,1 billion disbursed through foreign exchange auction

The Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction has allotted a
total of US$4,1 billion since its inception in 2020, maintaining the lead as
the largest local source of . <https://bullszimbabwe.com/> Read more >

New firm to distribute electricity in the country

A local company Renewable Energy Hub has applied to the Zimbabwe Energy
Regulatory Authority (ZERA) for an electricity distribution and retail
license that will allow it to purchase power from .
<https://bullszimbabwe.com/> Read more >

CFI pushes for housing delivery but legacy issues point of bother

ZSE-listed entity CFI Holdings Limited is pushing for housing delivery
despite being saddled with unresolved legacy issues in the real estate
delivery services. Part of the initiative will include the .
<https://bullszimbabwe.com/> Read more >

Zim truckers, refused licence renewals in SA, head for Poland

Zimbabwean truckers are being denied the ability to renew their South
African driver's licences as the Zimbabwe Exemption Permit (ZEP) system
winds down, with a little less than two years . <https://bullszimbabwe.com/>
Read more >

Gunda replaces Tsuroh at the helm of GB Holdings

GB Holdings has appointed Joseph Gunda as the acting managing director of
the company with effect from January 1, 2024, replacing Wilbroad Tsuroh who
retired in December 2023. "The board .  <https://bullszimbabwe.com/> Read
more >

Swedish firm partners with a local company, Nyembesi, in energy projects

Sustainable Energy Solutions Sweden Holding AB (SENS) has partnered with a
Zimbabwean company, Nyembesi Corporate Services Africa, to explore energy
storage projects in the country. Through the partnership, SENS aims .
<https://bullszimbabwe.com/> Read more >

Coca-Cola in Africa .

A new book called Bottled: How Coca-Cola Became African tells the story of
how the world's most famous carbonated drink conquered the continent. It's a
tale of marketing gumption and . <https://bullszimbabwe.com/> Read more >

More price increases loom

The year opened with a spate of price increases on goods and services across
the economy as new government taxes, fees and levies took effect. "In
December, ZimStat [Zimbabwe National .  <https://bullszimbabwe.com/> Read
more >

'Zim littered with zombie firms'

ZIMBABWE is littered with "dogs and zombie companies" that are stagnant and
have moribund prospects, limited cash-flows and low market share, according
to the strategic advisory firm Mark & Associates .
<https://bullszimbabwe.com/> Read more >

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/> 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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