Bulls n Bears Investors Notebook : 22 July 2024

Mon Jul 22 08:25:09 CAT 2024

 <http://www.bullszimbabwe.com> Bullszimbabwe.com
<mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments
<https://bullszimbabwe.com/category/blogs/bullish-thoughts/> Bullish
Thoughts        <http://www.twitter.com/BullsBears2010> Twitter
<https://www.facebook.com/BullsBearsZimbabwe> Facebook
<http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn
<https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO> WhatsApp
<mailto:bulls at bullszimbabwe.com?subject=Unsubscribe> Unsubscribe

Bulls n Bears Investors Notebook : 22 July 2024

 <mailto:info at bulls.co.zw> 

Bulls ‘n Bears Investors Diary: Today’s Events

Dedollarisation requires US$2,5bn: Govt

ZIMBABWE needs over US$2,5 billion in foreign currency reserves to be able
to fully de-dollarise, the government has revealed, discounting sentiments
that the exercise can be taken anytime soon. The 

<https://bullszimbabwe.com/dedollarisation-requires-us25bn-govt/> Read more
»

Tanganda profit up 25% on costs cuts

TEA producer, Tanganda Tea Company Limited, has posted a 25% increase in
profit after tax to US$1,97 million in the half year ended March 31, 2024 on
the back of 

<https://bullszimbabwe.com/tanganda-profit-up-25-on-costs-cuts/> Read more »

Zim to lure investors at next year’s Expo 2025

THE government is planning to lure investors through its participation at
next year’s global exhibition, Expo 2025, to be held in Japan as it
continues to seek foreign direct investment. 

<https://bullszimbabwe.com/zim-to-lure-investors-at-next-years-expo-2025/>
Read more »

CBZ Holdings granted 90-day extension to complete First Mutual offer

ZIMBABWE Stock Exchange-listed financial services provider, CBZ Holdings has
been granted a further 90-day extension within which to make the Mandatory
Offer to the remaining shareholders of First Mutual Holdings 

<https://bullszimbabwe.com/cbz-holdings-granted-90-day-extension-to-complete
-first-mutual-offer/> Read more »

Premier to settle £2 million loan facility in kind

PREMIER African Minerals has said the unsecured £1,7 million loan facility
advanced by its chief executive officer Mr George Roach last year, which was
later extended to £2 million and 

<https://bullszimbabwe.com/premier-to-settle-2-million-loan-facility-in-kind
/> Read more »

Zimre records strong growth in rental revenue

ZIMRE Holdings (ZHL) has strategically positioned itself in the evolving
property sector to enhance its property portfolio nationwide through the
Eagle Real Estate Investment Trust (REIT), focusing on projects in 

<https://bullszimbabwe.com/zimre-records-strong-growth-in-rental-revenue/>
Read more »

Contango receives $1 million payment from new shareholder

CONTANGO Holdings, a London-listed natural resource development company, has
announced that it has received an advance payment of US$1 million from the
firm’s new majority shareholder, Mr Wencai Huo, a 

<https://bullszimbabwe.com/contango-receives-1-million-payment-from-new-shar
eholder/> Read more »

New initiative to grow innovation

In a bold move to address the critical issue of access to quality education
in Africa, US based Zimbabwean non-profit organisation, known as Annot Inc,
is introducing the #EducateMyVillage’ initiative, 

<https://bullszimbabwe.com/new-initiative-to-grow-innovation/> Read more »

Govt backs recovery of bus, truck industry

Government has pledged its commitment to providing all the necessary support
towards the recovery and growth of the local bus and truck industry. This
comes as the sector is buckling 

<https://bullszimbabwe.com/govt-backs-recovery-of-bus-truck-industry/> Read
more »

High void rates dog Harare CBD

THE property market in Harare is experiencing a significant shift, with
suburban areas continuing to gain reference among businesses and residents
alike. However, the central business district (CBD) is grappling 

<https://bullszimbabwe.com/high-void-rates-dog-harare-cbd/> Read more »

No tax hikes in Mid-Term Budget Review

TREASURY says there will be no tax hikes in the Mid-Term Budget review that
will be announced on the 25th of July by the Minister of Finance, Economic
Development and 

<https://bullszimbabwe.com/no-tax-hikes-in-mid-term-budget-review/> Read
more »

Banks on notice: Govt targets excessive fees

A senior Government official has told banks that the clock is ticking if
they do not do something about banks charges, that are seen by many as
excessive. Some bank 

<https://bullszimbabwe.com/banks-on-notice-govt-targets-excessive-fees/>
Read more »

Uganda airlines to commence flights to Zimbabwe in September

Uganda Airlines will launch new flights to Nigeria, Zambia and Zimbabwe
starting September 2024, the airline has announced. The move marks the
second phase of the Uganda Airlines ambitious network 

<https://bullszimbabwe.com/uganda-airlines-to-commence-flights-to-zimbabwe-i
n-september/> Read more »

US based Zimbabweans introduce educate “your” village programme

In a bold move to address the critical issue of access to quality education
in Africa, US based Zimbabwean non-profit organisation known as Annot Inc,
is introducing the #EducateMyVillage initiative 

<https://bullszimbabwe.com/us-based-zimbabweans-introduce-educate-your-villa
ge-programme/> Read more »

Mining industry decries high power tariffs

ZIMBABWE’S Platinum Group Metals (PGMs) industry could scale-down smelting
operations as it has become unsustainable to run smelters due to “high and
unaffordable” electricity tariffs that are pegged at USc14,21/KWh 

<https://bullszimbabwe.com/mining-industry-decries-high-power-tariffs/> Read
more »

Join Global Energy Transition Partnership, Zim told

GENEVA-BASED International Labour Organisation skills and life-long
specialist Alice Vozza has encouraged the country to take advantage of the
Global Energy Transition Partnership (GET Partnership) to deal with climate
change. 
  <https://bullszimbabwe.com/> Read more »

Life insurers embrace compensation models

Factors such as high inflation and economic instability have posed
significant challenges for insurance companies in this market.The Life
Offices Association of Zimbabwe (LOAZ) says implementing optimised
compensation models in 
 <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 Cellphone:            +263 71 944 1674 | +27 79 993 5557 

Email:               bulls at bullszimbabwe.com
<mailto:bulls at bullszimbabwe.com> 

Website:            www.bullszimbabwe.com <http://www.bullszimbabwe.com>  

Blog:                 www.bullszimbabwe.com/blog
<http://www.bullszimbabwe.com/blog> 

Twitter (X):        @bullsbears2010

LinkedIn:           Bulls n Bears Zimbabwe

Facebook:          www.facebook.com/BullsBearsZimbabwe
<http://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 <http://www.bullszimbabwe.com>  Email:
bulls at bullszimbabwe.com <mailto:bulls at bullszimbabwe.com>  Tel: +27 79 993
5557 | +263 71 944 1674

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20240722/1e5a714b/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.png
Type: image/png
Size: 34378 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20240722/1e5a714b/attachment-0001.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 29359 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20240722/1e5a714b/attachment-0001.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: oledata.mso
Type: application/octet-stream
Size: 130905 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20240722/1e5a714b/attachment-0001.obj>