Bulls n Bears Investors Notebook : 20 March 2024

Wed Mar 20 07:10:32 CAT 2024

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Bulls n Bears Investors Notebook : 20 March 2024

 <https://www.firstcapitalbank.co.zw/> 

Bulls ‘n Bears Investors Diary: Today’s Events

We’re struggling to clear debts: Zesa

ZESA Holdings has revealed that it is barely managing to meet its foreign
and local obligations owing to the country’s tight economic situation. The
utility is struggling to service a 

<https://bullszimbabwe.com/were-struggling-to-clear-debts-zesa/> Read more »

Hyperinflation haunts Old Mutual

OLD Mutual Limited has excluded the Zimbabwe profits from adjusted headline
earnings (AHE) for the year ended December 31, 2023, citing
hyperinflationary economic conditions that trigger earnings volatility. AHE
is 
 <https://bullszimbabwe.com/hyperinflation-haunts-old-mutual/> Read more
»

Ring-fence right skills, councils told

DEPUTY Accountant-General Morgen Makina says local authorities need to
ring-fence the right skills to implement the International Public Sector
Accounting Standards (IPSAS). Presenting at the Local Authorities Convention
held in 
 <https://bullszimbabwe.com/ring-fence-right-skills-councils-told/>
Read more »

TSL navigates challenges as logistics shines

TSL Limited, a leading logistics and agricultural company, reported a 2
percent year-on-year increase in revenue for the quarter ending January 31,
2024. This growth was primarily driven by volume 

<https://bullszimbabwe.com/tsl-navigates-challenges-as-logistics-shines/>
Read more »

Global fuel prices surging with supply risks ahead

Disruptions on the world’s major trade routes, refinery closures and
resurgent demand are pushing up global fuel prices and making forecasts
difficult in the run-up to a US presidential election 

<https://bullszimbabwe.com/global-fuel-prices-surging-with-supply-risks-ahea
d/> Read more »

Industry keen on establishing operations in Mt Hampden

THE Confederation of Zimbabwe Industries (CZI) has reported strong interest
from its members in establishing operations in the new capital city under
development at Mt Hampden, Mashonaland West Province. The 

<https://bullszimbabwe.com/industry-keen-on-establishing-operations-in-mt-ha
mpden/> Read more »

Consumer protection blitz targets smuggled goods

A recent joint operation by the Consumer Protection Commission (CPC), the
Zimbabwe Revenue Authority (ZIMRA), and law enforcement agents has uncovered
widespread trade in smuggled goods at Harare’s downtown shops, 

<https://bullszimbabwe.com/consumer-protection-blitz-targets-smuggled-goods/
> Read more »

Stanbic Bank’s Mining Client Value Proposition sets tone for extractive
industry growth

STANBIC Bank Zimbabwe has launched a ‘Mining Client Value Proposition,
signalling renewed dedication to empowering the mining sector and driving
sustainable economic growth in the country. The initiative cements the 

<https://bullszimbabwe.com/stanbic-banks-mining-client-value-proposition-set
s-tone-for-extractive-industry-growth/> Read more »

ZimTrade explores opportunities in Angola ahead of Trade Mission

THE national trade development and promotion body, ZimTrade is in Angola for
a pre-visit mission as they prepare for the Angola trade mission. ZimTrade
is moving to take advantage of 

<https://bullszimbabwe.com/zimtrade-explores-opportunities-in-angola-ahead-o
f-trade-mission/> Read more »

Kwekwe to host NSSA Engineers Workshop

THE mining town of Kwekwe will host the National Social Security Authority
(NSSA) workshop for engineers scheduled for a local hotel from 20 to 22
March. More than 3 000 

<https://bullszimbabwe.com/kwekwe-to-host-nssa-engineers-workshop/> Read
more »

Entrepreneurs turn baobab fruit into drinks

BULAWAYO entrepreneurs are taking advantage of the abundance of baobab trees
in the surrounding region, to value-add to the fruit and produce an
assortment of baobab drinks. Several traders told 

<https://bullszimbabwe.com/entrepreneurs-turn-baobab-fruit-into-drinks/>
Read more »

Invictus eyes regional markets

AUSTRALIA Stock Exchange (ASX) listed and Zimbabwe-focused oil and gas
exploration company, Invictus Energy, is already casting its eyes on the
regional market, to take advantage of the significant power 

<https://bullszimbabwe.com/invictus-eyes-regional-markets/> Read more »

Zimbabwe National Chamber of Commerce boss wins continental award

ZIMBABWE National Chamber of Commerce (ZNCC) president, Mr Mike Kamungeremu,
has been recognised for his leadership role in steering the lobby group to
play a pivotal role in championing business 

<https://bullszimbabwe.com/zimbabwe-national-chamber-of-commerce-boss-wins-c
ontinental-award/> Read more »

Thirsty in Kariba as water for power generation drops

The stored usable water at Lake Kariba continues to decline due to El Niño
conditions, raising concerns about reduced hydropower generation for
Zimbabwe and Zambia, according to the latest figures 

<https://bullszimbabwe.com/thirsty-in-kariba-as-water-for-power-generation-d
rops/> Read more »

Caledonia makes new board appointment

Victoria Falls Stock Exchange (VFEX) listed resources group, Caledonia
Mining Corporation Plc, has appointed Tariro Gadzikwa as an independent
non-executive director with effect from March 15, 2024. Gadzikwa is a 

<https://bullszimbabwe.com/caledonia-makes-new-board-appointment/> Read more
»

Low PGM prices take toll on Zimplats, forced to retrench. . . Price slump
may go beyond 2027

Zimplats, a subsidiary of Impala Platinum of South Africa, has taken a major
knock from low metal prices on the global market, forcing the giant PGM
producer to widen a 

<https://bullszimbabwe.com/low-pgm-prices-take-toll-on-zimplats-forced-to-re
trench-price-slump-may-go-beyond-2027/> Read more »

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

Good Friday

march 29

Easter Monday

1 April

Independence Day

April 18

Workers day

1 May

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.

 Invest Cellphone:            +263 71 944 1674 | +27 79 993 5557 

Email:               bulls at bullszimbabwe.com

Website:            www.bullszimbabwe.com 

Blog:                 www.bullszimbabwe.com/blog

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Skype:         Bulls.Bears 

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.

 (c) 2024 Web: www.bullszimbabwe.com Email: bulls at bullszimbabwe.com Tel: +27
79 993 5557 | +263 71 944 1674

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