Bulls n Bears Investors Notebook : 12 July 2024

Fri Jul 12 10:18:43 CAT 2024

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Bulls n Bears Investors Notebook : 12 July 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Mid-term fiscal review set to address revenue decline

THE mid-term fiscal policy review is anticipated to propose measures to
accommodate the forecasted decline in revenue performance and to introduce
interventions to bolster revenue, while the government is projected .
<https://bullszimbabwe.com/mid-term-fiscal-review-set-to-address-revenue-dec
line/> Read more >

Udcorp to build affordable houses in Plumtree, Hwange

THE Urban Development Corporation (Udcorp) is set to unlock its land bank in
Plumtree and Hwange by initiating housing projects and partnering with
esteemed private developers, a development aimed at .
<https://bullszimbabwe.com/udcorp-to-build-affordable-houses-in-plumtree-hwa
nge/> Read more >

Zimbabwe seeks to widen carbon trading with other countries

HARARE - Government is readying itself for a new era in carbon trade with
the Ministry of Environment, Climate, and Wildlife, announcing its
commitment to finalising the Article 6 Policy .
<https://bullszimbabwe.com/zimbabwe-seeks-to-widen-carbon-trading-with-other
-countries/> Read more >

Commentary: Banking in Zimbabwe, Earlier Days

This is the first episode of a two-part series HARARE - Banking has
generally been tightly organised in Zimbabwe with licences outside three
fairly brief periods hard to obtain. Two .
<https://bullszimbabwe.com/commentary-banking-in-zimbabwe-earlier-days/>
Read more >

Zimbabwe must end 'dollar grip' to regain economic sovereignty

Zimbabwe must take the necessary steps to end its reliance on the dollar and
increase the use of its own currency, Information Secretary Nick Mangwana
said. "The benefits of de-dollarisation .
<https://bullszimbabwe.com/zimbabwe-must-end-dollar-grip-to-regain-economic-
sovereignty/> Read more >

Limited use of ZiG stifles Zim's foreign exchange market

Limited use cases for the country's local currency, the Zimbabwe Gold (ZiG),
and not the exchange rate, has meant holders of foreign currency, largely
exporters, have no motive or incentives . .
<https://bullszimbabwe.com/limited-use-of-zig-stifles-zims-foreign-exchange-
market/> Read more >

Invictus closer to final oil, gas sharing agreement with Govt

INVICTUS Energy, the Australian firm that discovered gas deposits north of
Zimbabwe last year, is nearing completion of a petroleum production sharing
agreement (PPSA) with the Government, which will guarantee .
<https://bullszimbabwe.com/invictus-closer-to-final-oil-gas-sharing-agreemen
t-with-govt/> Read more >

Casualties unavoidable as liquidity challenge persists

Local businesses are in a quandary as it emerged limited access to finance
for working capital requirements will have severe consequences on them such
as the downsising of operations and .
<https://bullszimbabwe.com/casualties-unavoidable-as-liquidity-challenge-per
sists/> Read more >

Zim enterprises kissing Zesa goodbye

Many businesses in Zimbabwe are being driven to generate own power either
out of immediate necessity or because they do not forecast a reliable and
stable grid for their electricity .
<https://bullszimbabwe.com/zim-enterprises-kissing-zesa-goodbye/> Read more
>

Zim to cut on token payments to creditors

Zimbabwe will approach the International Financial Institutions (IFIs) for
some "deep haircuts" on the quarterly token payments the country is making
to external creditors to relieve itself from debt distress. .
<https://bullszimbabwe.com/zim-to-cut-on-token-payments-to-creditors/> Read
more >

Edgars Stores consolidate supply chain

Edgars Store Limited is reintroducing Express Stores to focus on the
lower-income segment of the market which is currently dominated by the
second-hand clothing marketNelson Gahadza Edgars Store Limited says .
<https://bullszimbabwe.com/edgars-stores-consolidate-supply-chain/> Read
more >

Govt, IRENA partner to bring renewables to Zim's farms

By not embracing renewable energy sources like solar, wind, and biogas,
farmers are missing out on a golden opportunity to reduce costs, boost
profits, and become more competitive. This overreliance .
<https://bullszimbabwe.com/govt-irena-partner-to-bring-renewables-to-zims-fa
rms/> Read more >

Double tragedy: Zim farmers affected by illegal mining, climate change

Smallholder farmers in rural Gwanda, a region in Zimbabwe that borders South
Africa, have been affected by a double shock - a combination of heat,
droughts and floods caused by .
<https://bullszimbabwe.com/double-tragedy-zim-farmers-affected-by-illegal-mi
ning-climate-change/> Read more >

The importance of risk valuation for business

In Zimbabwe, where economic and political conditions can change rapidly,
effective risk management is not just an operational necessity but a
strategic imperative. Businesses must continuously assess and adapt their .
<https://bullszimbabwe.com/the-importance-of-risk-valuation-for-business/>
Read more >

African Sun appoints new chairperson

A board member since May 1, 2021, Mhishi succeeds Constantine Chikosi, who
stepped down after a five-year tenure as chairperson. LEADING hospitality
group, African Sun Limited, has appointed top lawyer Lloyd .
<https://bullszimbabwe.com/african-sun-appoints-new-chairperson/> Read more
>

Zim economy on the upswing, rating agency says

ZIMBABWE'S economy has shown "impressive" resilience and growth, driven by
the government's recent efforts to stabilise the economy and attract foreign
investment, according to the United Arab Emirates (UAE)-headquartered rating
.
<https://bullszimbabwe.com/zim-economy-on-the-upswing-rating-agency-says/>
Read more >

Bard Santner launches TX Money Transfer

HARARE - Bard Santner Incorporated, a financial intermediary firm
specialising in asset management, corporate finance, and wealth management,
has launched a new money remittance platform, TX Money Transfer, with the .
<https://bullszimbabwe.com/bard-santner-launches-tx-money-transfer/> 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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