Bulls n Bears Investors Notebook : 12 June 2024

Wed Jun 12 09:58:07 CAT 2024

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Bulls n Bears Investors Notebook : 12 June 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Marandure appointed IMC managing director

IMC Communications, the exclusive distributor of Starlink Services in
Zimbabwe, has with immediate effect appointed information technology expert
and former ZOL executive, Mr Denny Marandure, as its managing director. In .
<https://bullszimbabwe.com/marandure-appointed-imc-managing-director/> Read
more >

Zimbabwe's place strategically reserved in BRICS+ alliance

BRICS is more than an acronym! At a time when many Western economies in the
Eurozone and the United States are countenancing economic power stagnation
or decline, huge debts and .
<https://bullszimbabwe.com/zimbabwes-place-strategically-reserved-in-brics-a
lliance/> Read more >

African inventors urged to prioritise patenting ideas

AFRICAN inventors should ensure their ideas are protected by having them
patented first before seeking publicity, promoters and funding, an expert
has said. A patent is a type of intellectual .
<https://bullszimbabwe.com/african-inventors-urged-to-prioritise-patenting-i
deas/> Read more >

ZB Financial Holdings intensifies renewable energy investments

ZB Financial Holdings (ZBFH) is intensifying investments in renewable energy
by aiming to install functional solar systems at all its premises at a rate
of five systems per year and .
<https://bullszimbabwe.com/zb-financial-holdings-intensifies-renewable-energ
y-investments/> Read more >

'Frost damage could lead to artificial food shortages'

Agronomists and farmers in the Matabeleland region warn that the ongoing
severe cold spell expected to end today could harm various crops,
potentially leading to artificial supply shortages. The possible .
<https://bullszimbabwe.com/frost-damage-could-lead-to-artificial-food-shorta
ges/> Read more >

Bridgeford Capital seeks stability in VFEX listing

PRIVATE equity firm BridgeFort Capital Limited says it remains dedicated to
its planned listing on the Victoria Falls Stock Exchange (VFEX) and
finalising a deal with Diaspora Kapita as it .
<https://bullszimbabwe.com/bridgeford-capital-seeks-stability-in-vfex-listin
g/> Read more >

NRZ can't access mining claims in SA: GM

ZIMBABWE and South Africa could be headed for another diplomatic showdown
over approximately 1,7 million hectares of mining claims jointly owned by
the National Railways of Zimbabwe (NRZ) and sister .
<https://bullszimbabwe.com/nrz-cant-access-mining-claims-in-sa-gm/> Read
more >

IH Securities predicts Delta revenue to grow 7,4%

LOCAL financial services firm, IH Securities predicts beverages maker, Delta
Corporation Limited's (Delta)'s revenue to reach US$824,5 million in its
current financial year owing to increased product demand. In its .
<https://bullszimbabwe.com/ih-securities-predicts-delta-revenue-to-grow-74/>
Read more >

African Sun sets aside US$11m in capex for 2024

HOSPITALITY group, African Sun Limited (African Sun) has set aside US$11
million in capital expenditure for the year, which includes information
technology (IT), product and property improvements. This comes as .
<https://bullszimbabwe.com/african-sun-sets-aside-us11m-in-capex-for-2024/>
Read more >

CNRG calls for risk management practices in mining

NATURAL resources watchdog, Centre for Natural Resource Governance (CNRG)
has called for risk management in mining as accidents continue to be a
"scourge" in the sector. This comes as the .
<https://bullszimbabwe.com/cnrg-calls-for-risk-management-practices-in-minin
g/> Read more >

Microfinance sector dumps local currency

THE United States dollar loan portfolio for the microfinance sector rose by
nearly 8% to US$48,63 million in the first quarter of the year, as the
sector has virtually dollarised. .
<https://bullszimbabwe.com/microfinance-sector-dumps-local-currency/> Read
more >

Zimbabwe seeks Investment Bank to fuel growth, Minister Ncube extends
invitation

Finance, Economic Development and Investment Promotion Minister, Mthuli
Ncube, has issued a clarion call to investors, urging them to establish an
investment bank in the country. Giving his keynote address .
<https://bullszimbabwe.com/zimbabwe-seeks-investment-bank-to-fuel-growth-min
ister-ncube-extends-invitation/> Read more >

Breaking: Government to revoke capital gains tax rule, market cheers

Government will soon revoke a statutory instrument that saw disposal of
Zimbabwe Stock Exchange listed securities within 180 days from the date of
purchase attracting a Capital Gains Tax Rate .
<https://bullszimbabwe.com/breaking-government-to-revoke-capital-gains-tax-r
ule-market-cheers/> Read more >

VFEX envisions pan-African expansion, commodity trading

The Victoria Falls Stock Exchange expects to go pan-African over time,
including trading of African currencies, chief executive officer (CEO)
Justin Bgoni told the Capital Markets and Investment Promotion Conference .
<https://bullszimbabwe.com/vfex-envisions-pan-african-expansion-commodity-tr
ading/> Read more >

Ex-NetOne CEO Muchenje acquitted

Former NetOne chief executive officer (CEO) Mr Lazarus Muchenje and seven
executives have been acquitted after the Supreme Court found them not guilty
on charges of abuse of office. Mr .
<https://bullszimbabwe.com/ex-netone-ceo-muchenje-acquitted/> Read more >

Firm commends ZiG effect on stability, inflation

Zimbabwe Stock Exchange (ZSE) listed firm BridgeFort Capital Limited has
commended authorities for the resolute stance in controlling money supply
growth and eliminating quasi-fiscal activities saying this has brought about
.
<https://bullszimbabwe.com/firm-commends-zig-effect-on-stability-inflation/>
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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