Bulls n Bears Investors Notebook : 05 June 2024

Wed Jun 5 10:13:34 CAT 2024

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Bulls n Bears Investors Notebook : 05 June 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Caledonia mine to raise $309m for gold project

CALEDONIA Mining Corporation says the peak funding requirement for its
Bilboes Gold Limited project in Matabeleland North province is estimated at
US$309 million. The bulk of the funding will be .
<https://bullszimbabwe.com/caledonia-mine-to-raise-309m-for-gold-project/>
Read more >

Delayed cotton marketing season leaves farmers grounded

Several cotton farmers in Zimbabwe are worried about a delay in the start of
the 2024 marketing season after it was postponed on Monday because the
Agricultural Marketing Authority (AMA) .
<https://bullszimbabwe.com/delayed-cotton-marketing-season-leaves-farmers-gr
ounded/> Read more >

Report business who reject the ZiG, charge above official exchange rate -
RBZ

THE Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has
established a hotline and WhatsApp number where members of the public can
report business operators who are rejecting the local .
<https://bullszimbabwe.com/report-business-who-reject-the-zig-charge-above-o
fficial-exchange-rate-rbz/> Read more >

RBZ takes action against rogue businesses

THE Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) is taking
action against business operators who refuse to accept the local currency or
charge above the official exchange rate. To .
<https://bullszimbabwe.com/rbz-takes-action-against-rogue-businesses/> Read
more >

URL attributes its success to Bulawayo

DIVERSIFIED agro-processing company, United Refineries Holdings Limited, has
attributed its success to Bulawayo's rich industrial heritage, citing the
city's strategic location as a key factor in streamlining trade routes to .
<https://bullszimbabwe.com/url-attributes-its-success-to-bulawayo/> Read
more >

Efoods expands operations

LOCAL fast-moving consumer goods (FMCG) producer and distributor, Efoods, is
expanding its operations and will next month be moving shop into a new
purpose-built food processing facility in the Light .
<https://bullszimbabwe.com/efoods-expands-operations/> Read more >

ZB urges SMEs to embrace ZiG

ZB Financial Holdings (ZBFH) has encouraged small to medium enterprises
(SMEs) in Bulawayo to embrace and appreciate the new currency, Zimbabwe Gold
(ZiG), to boost their sales. Speaking during the .
<https://bullszimbabwe.com/zb-urges-smes-to-embrace-zig/> Read more >

Econet network upgrade gets thumbs up

Econet Wireless Zimbabwe customers in Manicaland have expressed satisfaction
with improved connectivity following a recent network upgrade covering the
entire province, from 3G to the faster 4G technology, a customer .
<https://bullszimbabwe.com/econet-network-upgrade-gets-thumbs-up/> Read more
>

Only 30% ZiG released to the market

THE Reserve Bank of Zimbabwe (RBZ) has disbursed ZiG46 million in notes and
coins to the banks, with the financial institutions only releasing 30% to
the market amid a cash .
<https://bullszimbabwe.com/only-30-zig-released-to-the-market/> Read more >

Steward Bank non-funded income doubles

INFLATION-ADJUSTED non-funded income at Steward Bank rose by 111% to ZWL$745
billion for the year ended February 29, 2024 compared to the prior period,
driven by foreign currency transaction income. .
<https://bullszimbabwe.com/steward-bank-non-funded-income-doubles/> Read
more >

Former GMB boss Mutenha appointed Cottco's new acting CEO, faces daunting
task

The Cotton Company of Zimbabwe (Cottco) has appointed Roki Mutenha as acting
chief executive officer. Mutenha, a seasoned figure in the agricultural
sector with experience at the Grain Marketing Board .
<https://bullszimbabwe.com/former-gmb-boss-mutenha-appointed-cottcos-new-act
ing-ceo-faces-daunting-task/> Read more >

Zimbabwe named among top countries blocking airline funds

Zimbabwe owes international airlines a total of US$69 million in funds that
could not be repatriated, according to the International Air Transport
Association (IATA). Money or capital realised when a .
<https://bullszimbabwe.com/zimbabwe-named-among-top-countries-blocking-airli
ne-funds/> Read more >

Econet's modernisation efforts to boost volumes and revenue: IH Securities

IH Securities says Econet's continued modernisation efforts with an
additional 550 base station sites planned across the country is expected to
boost volumes and consequently revenue. In its review of .
<https://bullszimbabwe.com/econets-modernisation-efforts-to-boost-volumes-an
d-revenue-ih-securities/> Read more >

Zim seeks trade boost with South Korea as Chambers sign MoU

THE Zimbabwe National Chamber of Commerce (ZNCC) and the Korea Chamber of
Commerce and Industry have signed a Memorandum of Understanding to foster
the development of trade and economic relations .
<https://bullszimbabwe.com/zim-seeks-trade-boost-with-south-korea-as-chamber
s-sign-mou/> Read more >

Zim capital markets get a boost: New industry association launched

The Zimbabwe Stock Exchange (ZSE) in conjunction with key stakeholders in
the capital markets yesterday launched the Capital Markets Association of
Zimbabwe (CMAZ) to foster development of the sector. Finance, .
<https://bullszimbabwe.com/zim-capital-markets-get-a-boost-new-industry-asso
ciation-launched/> Read more >

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 >

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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