Bulls n Bears Investors Notebook : 14 June 2024

Fri Jun 14 09:48:15 CAT 2024

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Bulls n Bears Investors Notebook : 14 June 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Accounting giant Forvis Mazars starts Zim operations

Global accounting and advisory giant Forvis Mazars has officially launched
its Zimbabwean operations, signalling confidence in the country's economic
prospects. Speaking during the launch ceremony, Mr Lovemore Kamuzangaza,
Forvis Mazars .
<https://bullszimbabwe.com/accounting-giant-forvis-mazars-starts-zim-operati
ons/> Read more >

' Zim will not relent on growing mining returns'

THE Government is forging ahead with policies to ensure the country derives
maximum benefits from its mineral resources, Permanent Secretary in the
Ministry of Mines and Mining Development Mr Pfungwa .
<https://bullszimbabwe.com/zim-will-not-relent-on-growing-mining-returns/>
Read more >

CBZ Bank, Afreximbank ink US$80m trade financing deal

THE African Export-Import Bank (Afreximbank) has signed a US$80 million
facility with CBZ Bank to support trade and capex financing for Zimbabwe's
corporates and small-to-medium enterprises (SMEs) in the productive .
<https://bullszimbabwe.com/cbz-bank-afreximbank-ink-us80m-trade-financing-de
al/> Read more >

'Zim participation in AfCFTA provides access to 5 900 free tariffs lines'

ZIMBABWE will access 5 900 free tariff lines if efforts to make use of the
Africa Continental Free Trade Area (AfCFTA) yield results, accessing the
continent's US$3,3 trillion economy, it .
<https://bullszimbabwe.com/zim-participation-in-afcfta-provides-access-to-5-
900-free-tariffs-lines/> Read more >

Afreximbank raises US$38bn through central bank deposit programme

AFREXIMBANK, a pan-African multilateral financial institution, has raised
US$38 billion in funding since 2014 through its central bank deposit
programme, according to vice-president Denys Denya. The programme, launched
in 2014, .
<https://bullszimbabwe.com/afreximbank-raises-us38bn-through-central-bank-de
posit-programme/> Read more >

EcoCash launches new, intuitive mobile App with enhanced security

EcoCash, Zimbabwe's leading mobile money platform, has launched an all-new
mobile App, with enhanced security and a vastly improved and intuitive user
interface, which includes several more features compared to .
<https://bullszimbabwe.com/ecocash-launches-new-intuitive-mobile-app-with-en
hanced-security/> Read more >

Bridging the gap: Infrastructure bonds as the key to economic revival

In recent years, Zimbabwe's banking sector has primarily focused on
financing residential developments, particularly cluster housing projects.
Despite the initial promise of these investments, the outcomes have fallen
short of .
<https://bullszimbabwe.com/bridging-the-gap-infrastructure-bonds-as-the-key-
to-economic-revival/> Read more >

WestProp to commission major projects in Q2

Victoria Falls Stock Exchange listed property firm, WestProp Holdings, says
it expects to commission three of its projects in the second half of 2024 as
the firm continues in pursuit .
<https://bullszimbabwe.com/westprop-to-commission-major-projects-in-q2/>
Read more >

Govt scraps VAT on gold deliveries

Finance, Economic Development and Investment Promotion Minister, Professor
Mthuli Ncube, has scrapped the requirement for gold miners to pay 15 percent
Value Added Tax (VAT) on the value of deliveries ..
<https://bullszimbabwe.com/govt-scraps-vat-on-gold-deliveries/> Read more >

Boost for construction sector: Steel starts rolling out of Manhize plant

THE US$1,5 billion steel plant in Manhize is set to commence actual
production in the next two weeks after test runs conducted this week
flawlessly produced pig iron. Touted as .
<https://bullszimbabwe.com/boost-for-construction-sector-steel-starts-rollin
g-out-of-manhize-plant/> Read more >

Zim landscape ready for investment

Zimbabwe's investment landscape has had positive sentiment from investors as
the country opens up for business, however, addressing underlying economic
fundamentals should be a priority in order to de-risk the .
<https://bullszimbabwe.com/zim-landscape-ready-for-investment/> Read more >

Zim leaps ahead in fight against dirty money

Zimbabwe is way ahead of its peers in dealing with money laundering as it
now ranks second in terms of compliance with the international standards
that relate to money laundering .
<https://bullszimbabwe.com/zim-leaps-ahead-in-fight-against-dirty-money/>
Read more >

Zim farmers demand localisation of tobacco financing

FARMERS have implored the Government to initiate ways of improving local
funding for the country's lucrative tobacco sector to ensure they derive
maximum benefits from their crop as it emerged .
<https://bullszimbabwe.com/zim-farmers-demand-localisation-of-tobacco-financ
ing/> Read more >

Diesel consumption declines as industrial output faces headwinds

Zimbabwe's diesel consumption saw a notable decline in the first quarter of
2024, reflecting broader challenges facing the nation's industrial sector.
Data released by the Zimbabwe Energy Regulatory Authority shows .
<https://bullszimbabwe.com/diesel-consumption-declines-as-industrial-output-
faces-headwinds/> Read more >

Blending traditional, forensic auditing

In an era marked by rapid technological advancement and increasing
regulatory complexities, the field of auditing is undergoing a significant
transformation. Traditional auditing has long been a cornerstone in
financial .
<https://bullszimbabwe.com/blending-traditional-forensic-auditing/> Read
more >

'RBZ is interfering in firms' cash flow affairs'

THE Reserve Bank of Zimbabwe (RBZ) is being accused of "interfering" in the
cash flow management of companies following pronouncements asserting that
companies should not seek foreign currency from the .
<https://bullszimbabwe.com/rbz-is-interfering-in-firms-cash-flow-affairs/>
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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