Bulls n Bears Investors Notebook : 08 May 2024

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Bulls n Bears Investors Notebook : 08 May 2024

 

	
 


 <mailto:info at bulls.co.zw> 

 


 

 


Bulls 'n Bears Investors Diary: Today's Events

 


 

 

 

 

 


 

 

 

 

 


 

 

	
 

Econet says it wants to make all remittances into Zimbabwe free

Econet Wireless Zimbabwe, the country's largest telecommunications and
technology company, says its decision to make remittances from United
Kingdom and South Africa free has been well received and should remain .
<https://bullszimbabwe.com/econet-says-it-wants-to-make-all-remittances-into
-zimbabwe-free/> Read more >

 

 


 

 


 


 

 

Vendors eager to use new currency

INFORMAL traders in Bulawayo have urged the Government to issue more new ZiG
notes and coins to financial institutions to improve transacting convenience
and enhance business operations. The new currency, .
<https://bullszimbabwe.com/endors-eager-to-use-new-currency/> Read more >

 

 

 	

 

 

BNC woes continue: VFEX suspends trading of company's shares

BINDURA Nickel Corporation (BNC) has voluntarily suspended trading of its
shares at the Victoria Falls Stock Exchange Limited following the placement
of its main operating subsidiary, Trojan Nickel Mine Limited, .
<https://bullszimbabwe.com/bnc-woes-continue-vfex-suspends-trading-of-compan
ys-shares/> Read more >

 


 

	 


 

Multicurrency extension ensures policy clarity:CBZ

Financial services group CBZ Holdings says the extension of the
multi-currency system to 2030 has provided much-needed policy clarity and
consistency, enabling the group to underwrite long-term products. The group
.
<https://bullszimbabwe.com/multicurrency-extension-ensures-policy-claritycbz
/> Read more >

 


 

 
Zim exports jump 37pc in two months

Zimbabwe recorded a 37 percent jump in exports in the first two months of
this year to US$1,18 billion compared to the same period last year, on the
back of . <https://bullszimbabwe.com/zim-exports-jump-37pc-in-two-months/>
Read more >

 


 

 

 


 

FIU, small traders agree on ZiG payments

SMALL traders and wholesalers have agreed to start accepting payments in
Zimbabwe Gold (ZiG) following a meeting yesterday between the Financial
Intelligence Unit (FIU) and the Confederation of Zimbabwe Retailers .
<https://bullszimbabwe.com/fiu-small-traders-agree-on-zig-payments/> Read
more >

 


 

	 

	
NMB Bank's digital push and diversification drive revenue surge

A financial services firm, IH Securities, believes that NMB Bank's efforts
to broaden its income sources will be beneficial. The bank is looking into
new areas like technology solutions, microloans, .
<https://bullszimbabwe.com/nmb-banks-digital-push-and-diversification-drive-
revenue-surge/> Read more >

 

 


 

	 


 

ZECO Holdings posts wider loss despite strategic shift to property
development

ZECO Holdings, a company owned by flamboyant businessman Philip Chiyangwa,
reported a wider loss for the year ending December 31, 2023, despite a
significant shift in its strategic focus. The .
<https://bullszimbabwe.com/zeco-holdings-posts-wider-loss-despite-strategic-
shift-to-property-development/> Read more >

 


 

	 


 

 

Zimbabwe's ZiG weakens to lowest level since launch

Zimbabwe's gold-backed ZiG currency has weakened to its lowest level against
the US dollar since it was launched a month ago. The currency is trading at
13.67 to the dollar, .
<https://bullszimbabwe.com/zimbabwes-zig-weakens-to-lowest-level-since-launc
h/> Read more >

 


 

	 


 

ZSE receives qualified audit opinion due to valuation issues

The Zimbabwe Stock Exchange (ZSE) received a qualified opinion from its
auditor, Grant Thornton, for its 2023 annual financial statements. A
qualified opinion indicates the auditor believes the financials are .
<https://bullszimbabwe.com/zse-receives-qualified-audit-opinion-due-to-valua
tion-issues/> Read more >

 


 

	 


 

	 


 

FIU seeks ZiG acceptance by small traders

THE Financial Intelligence Unit (FIU), an autonomous arm of the Reserve Bank
of Zimbabwe (RBZ), will today meet small and medium-sized retailers and
wholesalers to discuss compliance issues relating to .
<https://bullszimbabwe.com/fiu-seeks-zig-acceptance-by-small-traders/> Read
more >

 


 

	 


 

 

Treasury standardises IMTT for ZiG, US dollar

TREASURY has standardised the intermediated money transfer (IMTT) tax rates
on Zimbabwe Gold (ZiG) and US dollar transactions at 2 percent for values up
to US$100 or the local currency .
<https://bullszimbabwe.com/treasury-standardises-imtt-for-zig-us-dollar/>
Read more >

 

 


 

	 


 

ZIDA unveils major infrastructure projects

ZIMBABWE Investment and Development Agency (ZIDA) has outlined numerous
multi-million-dollar infrastructural development projects in the
Matabeleland region earmarked for this year spanning across transport,
tourism, mining, and housing and are .
<https://bullszimbabwe.com/zida-unveils-major-infrastructure-projects/> Read
more >

 

 


 

	 


 

Govt introduces fresh tax to keep forex inland

For years, the formal financial institutions' foreign currency supply has
been dwindling despite central bank estimating that there was potentially
US$2,5 billion unbanked in the economy.FINANCE minister Mthuli Ncube says .
<https://bullszimbabwe.com/govt-introduces-fresh-tax-to-keep-forex-inland/>
Read more >

 

 

 


 

 

 


 

 

We'll soar like an eagle: Zimre

The group's key businesses include reinsurance and reassurance, short term
insurance, life and pensions, real estate and wealth management.PROFIT at
the diversified investment firm Zimre Holdings grew by 321% to .
<https://bullszimbabwe.com/well-soar-like-an-eagle-zimre/> Read more >

 

 

 


 

CBZ Holdings to closely monitor global commodity price movements

Financial services group - CBZ Holdings Limited (CBZ) - has indicated that
it will closely monitor global commodity price movements, especially for
base metals and platinum group metals (PGMs) to .
<https://bullszimbabwe.com/cbz-holdings-to-closely-monitor-global-commodity-
price-movements/> Read more >

 

 

	
 

	
 


 

INVESTORS DIARY 2024

 


Company

Event

Venue

Date & Time

 


 

 


 

 

 

 

 


 

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

Twitter (X):        @bullsbears2010

LinkedIn:           Bulls n Bears Zimbabwe

Facebook:          www.facebook.com/BullsBearsZimbabwe

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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