Bulls n Bears Investors Notebook : 08 July 2024

Mon Jul 8 10:08:42 CAT 2024

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Bulls n Bears Investors Notebook : 08 July 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Bulawayo gears up for gemstone boom: Minister Ncube tours School of Mine's
US$1.1 million training centre

THE Bulawayo Minister of State for Provincial Affairs and Devolution, Judith
Ncube, yesterday toured the US$1.1 million state-of-the-art gemstone cutting
and polishing training centre at the Zimbabwe School of Mines .
<https://bullszimbabwe.com/bulawayo-gears-up-for-gemstone-boom-minister-ncub
e-tours-school-of-mines-us1-1-million-training-centre/> Read more >

First Capital Bank's loans surge 30 percent

LISTED First Capital Bank loans to customers increased by 30 percent to
close at US$86,1 million in the period ended December 31, 2023 with 92
percent of business having been .
<https://bullszimbabwe.com/first-capital-banks-loans-surge-30-percent/> Read
more >

Stable currency fuels ZSE investor confidence

AFTER starting the year sluggishly with single-digit gains in the first
quarter significantly eroded by inflation and currency depreciation, the
Zimbabwe Stock Exchange (ZSE) had a good run in the .
<https://bullszimbabwe.com/stable-currency-fuels-zse-investor-confidence/>
Read more >

Kavango secures 14 percent stake in Pambili Natural Resources Corporation

Kavango Resources Plc, a firm with mining interests in Zimbabwe is set to
convert the US$250 000 convertible loan plus a US$60 000 Loan Premium into
common shares in Pambili .
<https://bullszimbabwe.com/kavango-secures-14-percent-stake-in-pambili-natur
al-resources-corporation/> Read more >

Zera attracts 17 renewable energy projects. targets 1 100MW capacity by 2025

THE Zimbabwe Energy Regulatory Authority (Zera) initiatives to promote
investment in renewable energy projects and increase supplies to meet
national demand attracted 17 power projects with a combined capacity of .
<https://bullszimbabwe.com/zera-attracts-17-renewable-energy-projects-target
s-1-100mw-capacity-by-2025/> Read more >

Govt to craft gemstone marketing framework

THE Government says it has started work to develop a robust framework for
the marketing of gemstones in the country amid concerns the country may be
losing millions of US .
<https://bullszimbabwe.com/govt-to-craft-gemstone-marketing-framework/> Read
more >

Gold exports to offset consumer spending slump

REVENUE from gold mining and remittances from the Zimbabwean diaspora will
offset the potential reduced consumer spending from any adverse economic
conditions, which may affect consumer-facing companies, analysts say. They .
<https://bullszimbabwe.com/gold-exports-to-offset-consumer-spending-slump/>
Read more >

Data collection glitches stall 2008/09 loss of value compensation

Key among the hurdles in this compensation, was data integrity and the
Treasury made several calls for the regulator, the Insurance and Pensions
Commission (Ipec), to ensure the matter was .
<https://bullszimbabwe.com/data-collection-glitches-stall-2008-09-loss-of-va
lue-compensation/> Read more >

Go back to mortgage lending, building society told

The calls comes as most financial institutions have cut back on mortgage
lending due to shrinking disposable incomes caused by a volatile local
currency, the Zimbabwe dollar. The Zimbabwe dollar .
<https://bullszimbabwe.com/go-back-to-mortgage-lending-building-society-told
/> Read more >

Partner govt, Treasury boss urges banks

FINANCE, Economic Development and Investment Promotion minister Mthuli Ncube
has urged local banks to partner the government to support its resource
mobilisation efforts. The call comes as Treasury coffers continue .
<https://bullszimbabwe.com/partner-govt-treasury-boss-urges-banks/> Read
more >

Sugar tax bites into demand, hikes production costs

Zimbabwe's beverage makers are reeling under pressure from the recent
introduction of a sugar tax on beverages, which has slowed demand across
various categories and increased production costs. Initially, Finance, .
<https://bullszimbabwe.com/sugar-tax-bites-into-demand-hikes-production-cost
s/> Read more >

Zimplow ventures into solar business

DIVERSIFIED firm Zimplow Holdings Limited is in discussions with
international solar equipment manufacturer, Longi, to be able to provide
more effective solar solutions, NewsDay Business can reveal. Longi is a .
<https://bullszimbabwe.com/zimplow-ventures-into-solar-business/> Read more
>

Zafa moves to comply with prescribed asset status

ZIMBABWE Association of Funeral Assurers (Zafa) is working on a symmetric
project to comply with the policy that requires players to invest at least
10% of their assets into prescribed .
<https://bullszimbabwe.com/zafa-moves-to-comply-with-prescribed-asset-status
/> Read more >

Zim firms poised to benefit from Sadc programme

ZIMTRADE has urged Zimbabwean businesses to take advantage of the Southern
African Development Community (Sadc) Industrialisation Week and exhibition
slated for this month to forge strategic partnerships. Running from July .
<https://bullszimbabwe.com/zim-firms-poised-to-benefit-from-sadc-programme/>
Read more >

FMBCH posts 29% increase in profit after tax

FMBCH has operations in Botswana, Malawi, Zambia, Mozambique and Zimbabwe.
Locally, the group operates through its subsidiary, First Capital Bank
Zimbabwe.MAURITIAN-BASED firm FMBcapital Holdings (FMBCH) posted a 29%
increase in .
<https://bullszimbabwe.com/fmbch-posts-29-increase-in-profit-after-tax/>
Read more >

ZSE soars after stable currency fuels investor confidence

After starting the year sluggish, with single-digit gains in the first
quarter significantly eroded by inflation and currency depreciation, the
Zimbabwe Stock Exchange (ZSE) had a good run in the .
<https://bullszimbabwe.com/zse-soars-after-stable-currency-fuels-investor-co
nfidence/> Read more >

Zimplow ventures into solar business

DIVERSIFIED firm Zimplow Holdings Limited is in discussions with
international solar equipment manufacturer, Longi, to be able to provide
more effective solar solutions, NewsDay Business can reveal. Longi is a .
<https://bullszimbabwe.com/zimplow-ventures-into-solar-business/> 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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bulls at bullszimbabwe.com <mailto:bulls at bullszimbabwe.com>  Tel: +27 79 993
5557 | +263 71 944 1674

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