Bulls n Bears Investors Notebook : 24 June 2024

Mon Jun 24 07:52:35 CAT 2024

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Bulls n Bears Investors Notebook : 24 June 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Tycoons ready to cede Pick n Pay voting power to lure new investors

Tycoons ready to cede Pick n Pay voting power to lure new investors Raymond
Ackerman's family is giving up some of their voting power in Pick n Pay
Stores to .
<https://bullszimbabwe.com/tycoons-ready-to-cede-pick-n-pay-voting-power-to-
lure-new-investors/> Read more >

Mashhold US$15m Pomona project 57pc complete

Mashonaland Holdings (Mashhold) says the development of its US$15 million
Pomona Commercial Centre remains on course and has reached 57 percent
completion. The project, whose construction started in July 2023, .
<https://bullszimbabwe.com/mashhold-us15m-pomona-project-57pc-complete/>
Read more >

Steward Bank profit falls 75pc

Steward Bank recorded a significant decline in profitability in the year to
February 29, 2024, following a 75 percent dip in after-tax profit to $68
billion from $278 billion achieved .
<https://bullszimbabwe.com/steward-bank-profit-falls-75pc/> Read more >

RBZ to seek global recognition for ZiG

The Reserve Bank of Zimbabwe (RBZ) says it is committed to ensuring the
long-term sustainability of the Zimbabwe Gold (ZiG). According to the apex
bank, plans are also afoot to .
<https://bullszimbabwe.com/rbz-to-seek-global-recognition-for-zig/> Read
more >

Ministry proposes independent ZTF board

TOURISM and Hospitality Industry Minister Barbara Rwodzi said the ministry
wants the Zimbabwe Tourism Fund (ZTF) to have its own board that will manage
the fund which is meant to .
<https://bullszimbabwe.com/ministry-proposes-independent-ztf-board/> Read
more >

Tourism sector expects to attract US$534 million in investments

THE rise in domestic tourism is set to boost investments in the sector and
stakeholders are projecting that the tourism and hospitality industry will
attract investments worth more than US$534 .
<https://bullszimbabwe.com/tourism-sector-expects-to-attract-us534-million-i
n-investments/> Read more >

Zimbabwe makes significant budgetary transparency strides

ZIMBABWE has significantly improved its rankings in budget transparency and
inclusiveness as it has been ranked third in Sub-Saharan Africa by the Open
Budget Survey (OBS) and is among the .
<https://bullszimbabwe.com/zimbabwe-makes-significant-budgetary-transparency
-strides/> Read more >

PPC support ZIG introduction

PRETORIA Portland Cement (PPC) Zimbabwe Limited's managing director, Mr
Albert Sigei has said the firm is supportive of the government's ongoing
currency reforms throwing full weight behind ZiG. Speaking to .
<https://bullszimbabwe.com/ppc-support-zig-introdution/> Read more >

Zimbabwe and Botswana bond markets ink MoU

THE newly established Bond Market Association of Zimbabwe (BMAZ) has entered
into a Memorandum of Understanding (MoU) with the Botswana Bond Market
Association (BBMA) and has multipronged objectives that would .
<https://bullszimbabwe.com/zimbabwe-and-botswana-bond-markets-ink-mou/> Read
more >

Treasury seeks views on 2024 Mid-Term Budget

TREASURY has begun gathering input on the forthcoming 2024 Mid-Term Budget
and Economic Review and the 2025 Budget Strategy Paper (BSP). Input on
economic developments during the first half of .
<https://bullszimbabwe.com/treasury-seeks-views-on-2024-mid-term-budget/>
Read more >

Edgars to open new stores in strategic locations

EDGARS Stores Limited seeks to expand its geographic footprint through the
opening of new stores in strategic locations to continue catering for
everyone across the country. The group is organised .
<https://bullszimbabwe.com/edgars-to-open-new-stores-in-strategic-locations/
> Read more >

Bulawayo manufacturers cheer introduction of ZiG

SOME sections of the Bulawayo manufacturing industry are witnessing
increased business activity due to the introduction of ZiG, with executives
stressing the importance of its stability for the economy's growth. .
<https://bullszimbabwe.com/bulawayo-manufacturers-cheer-introduction-of-zig/
> Read more >

CONTANGO Holdings. Bulawayo manufacturing sector eyes growth opportunities

THE manufacturing sector in Bulawayo, currently undergoing significant
retooling, is optimistic about the prospects of the Sadc Industrialisation
Week. Several executives noted that the city presents a compelling
investment destination .
<https://bullszimbabwe.com/contango-holdings-bulawayo-manufacturing-sector-e
yes-growth-opportunities/> Read more >

Contango major shareholder plans thermal power plants, mine acquisition

CONTANGO Holdings' new majority shareholder plans to establish two coal
thermal power plants on-site and potentially acquire full ownership of the
mine, chief executive officer, Mr Carl Esprey, has indicated. .
<https://bullszimbabwe.com/contango-major-shareholder-plans-thermal-power-pl
ants-mine-acquisition/> Read more >

Protect sugar industry, says MP

CHIREDZI West MP Darlington Chiwa has made a passionate plea to the
government to come up with policies that protect the sugar industry as a
strategic sector that may prop .
<https://bullszimbabwe.com/protect-sugar-industry-says-mp/> Read more >

Fresh push to drive intra-Sadc trade

INDUSTRY and Commerce minister Nqobizitha Ndlovu has called on the private
sector to identify bottlenecks and challenges they face in regional trade
for Sadc nations to assist, amid a push .
<https://bullszimbabwe.com/fresh-push-to-drive-intra-sadc-trade/> 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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