Bulls n Bears Investors Notebook : 04 June 2024

Tue Jun 4 08:59:07 CAT 2024

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Bulls n Bears Investors Notebook : 04 June 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

CTC probes CBZ's bid for more stake in First Mutual Holdings

THE Competition and Tariff Commission (CTC) is investigating the proposed
acquisition of additional stake in First Mutual Holdings Limited by CBZ
Holdings Limited. At present, CBZ Holdings controls over 31 .
<https://bullszimbabwe.com/ctc-probes-cbzs-bid-for-more-stake-in-first-mutua
l-holdings/> Read more >

Unifreight banks on tobacco transport despite slow start

Listed logistics firm Unifreight Africa Limited is upbeat on improved
performance in the 2024 financial year and going forward supported by the
tobacco industry despite starting the year on a .
<https://bullszimbabwe.com/unifreight-banks-on-tobacco-transport-despite-slo
w-start/> Read more >

Steward Bank soars despite tighter liquidity, drives growth with digital
innovation

Steward Bank, Zimbabwe's largest bank by depositors, has reported a 111
percent surge in inflation-adjusted non-funded income, reaching ZWL745
billion for the fiscal year ending February 29, 2024. This impressive .
<https://bullszimbabwe.com/steward-bank-soars-despite-tighter-liquidity-driv
es-growth-with-digital-innovation/> Read more >

Edgars re-launches 'Express Chain' for low-end market

AS part of efforts to cater for the low-end market and boost business
volumes, Victoria Falls Stock Exchange (VFEX)-listed clothing retail chain,
Edgars Stores Limited, has revealed plans to re-introduce .
<https://bullszimbabwe.com/edgars-re-launches-express-chain-for-low-end-mark
et/> Read more >

Bilboes sulphide project to triple Caledonia production

CALEDONIA Mining Corporation Plc has announced that its Bilboes Sulphide
Gold Project has undergone a preliminary economic assessment, revealing that
the project has a high-quality mid-scale asset profile, which can .
<https://bullszimbabwe.com/bilboes-sulphide-project-to-triple-caledonia-prod
uction/> Read more >

SMEs backbone of economy, job creation - ZB Holdings

LISTED financial services group, ZB Financial Holdings Limited, has
applauded the small to medium enterprises (SMEs) sector for driving
innovation, creating jobs and amplifying economic progress. Describing SMEs
as the .
<https://bullszimbabwe.com/smes-backbone-of-economy-job-creation-zb-holdings
/> Read more >

Collaboration holds key in transforming SMEs businesses

BULAWAYO Chamber of SMEs chairperson, Mr Coustine Ngwenya, has said that
strong collaboration between small businesses and key stakeholders is vital
in unlocking the sector immense economic potential and realising .
<https://bullszimbabwe.com/collaboration-holds-key-in-transforming-smes-busi
nesses/> Read more >

Media, capital market players urged to collaborate

ZIMBABWE Independent editor Faith Zaba has called for more collaboration
between the media and capital market players to unlock market value and
drive economic growth. Her remarks come at a .
<https://bullszimbabwe.com/media-capital-market-players-urged-to-collaborate
/> Read more >

ZSE raises alarm as daily trades dip 92%

DAILY trades at the Zimbabwe Stock Exchange (ZSE) have dropped by 92% to 80
due to restrictive taxes in the capital markets, the bourse's chief
executive officer Justin Bgoni said .
<https://bullszimbabwe.com/zse-raises-alarm-as-daily-trades-dip-92/> Read
more >

'Zim, DRC businesses must ride on trade policies'

FOREIGN Affairs and International Trade permanent secretary Albert Chimbindi
has urged Zimbabwean and the Democratic Republic of Congo (DRC) businesses
to ride on bilateral trade policies between two countries and .
<https://bullszimbabwe.com/zim-drc-businesses-must-ride-on-trade-policies/>
Read more >

ZSE raises alarm as daily trades dip 92%.as markets regulator grapples with
private equity

THE Securities and Exchange Commission (SecZim) chief executive officer
Anymore Taruvinga yesterday said the capital markets regulator is grappling
with private equity deals which are taking place out of conventional .
<https://bullszimbabwe.com/zse-raises-alarm-as-daily-trades-dip-92as-markets
-regulator-grapples-with-private-equity/> Read more >

'Capital markets drive sustainable economic growth'

GOVERNMENT says it has initiated work on the development of a financial
sector strategy to provide a blueprint for the development of the financial
sector with focus on harnessing the .
<https://bullszimbabwe.com/capital-markets-drive-sustainable-economic-growth
/> Read more >

Treasury scraps VAT deferral for importers

TREASURY has withdrawn the Value Added (VAT) deferments provision it had
made available for operators with outstanding tax payments to enable them to
import critical capital equipment. The withdrawal of .
<https://bullszimbabwe.com/treasury-scraps-vat-deferral-for-importers/> Read
more >

Unifreight banks on fleet expansion to drive earnings growth

TRANSPORT and logistics company, Unifreight Africa is banking on its
investment in fleet expansion and quality contracts to drive the group's
earnings growth. The firm has been on a recapitalisation .
<https://bullszimbabwe.com/unifreight-banks-on-fleet-expansion-to-drive-earn
ings-growth/> Read more >

FMHL profit nearly doubles first quarter profitability

Diversified insurance giant, First Mutual Holdings Limited recorded a solid
performance in the quarter to March 31, 2024 after almost doubling
profitability despite some headwinds experienced during the period.
According .
<https://bullszimbabwe.com/fmhl-profit-nearly-doubles-first-quarter-profitab
ility/> Read more >

Most influential companies in 2024

More than just a badge of honour, the global recognition of African
companies signifies a dramatic change in the perception innovation on the
continent. It also conveys Africa's capacity for .
<https://bullszimbabwe.com/most-influential-companies-in-2024/> 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
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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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