Bulls n Bears Investors Notebook : 10 May 2024

Fri May 10 09:48:42 CAT 2024

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Bulls n Bears Investors Notebook : 10 May 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

ZiG brought more misery for consumers: CCZ

THE Consumer Council of Zimbabwe (CCZ) says the Zimbabwe Gold (ZiG) currency
has brought more "challenges" for consumers than those they faced prior to
its introduction, because people are failing .
<https://bullszimbabwe.com/zig-brought-more-misery-for-consumers-ccz/> Read
more >

Zimplats nominates new external auditor

ZIMPLATS Holdings' board of directors have nominated Axcentium as the
company's external auditor, effective October 31, 2024, subject to
shareholder approval. The nomination follows Deloitte Africa (Deloitte)'s
announcement of a .
<https://bullszimbabwe.com/zimplats-nominates-new-external-auditor/> Read
more >

Dairy industry under threat

RISING costs, which are accounting for 70% of total expenses, are
threatening the sustainability of Zimbabwe's dairy industry, NewsDay
Business has learnt. The cost of feed stock largely accounts for .
<https://bullszimbabwe.com/dairy-industry-under-threat/> Read more >

UN to raise US$429m for drought relief in Zim

The United Nations has launched a global appeal to raise US$429 million for
the provision of humanitarian assistance to more than 3,1 million people in
Zimbabwe who urgently require help .
<https://bullszimbabwe.com/un-to-raise-us429m-for-drought-relief-in-zim/>
Read more >

Building Zim knowledge, innovation, start-up communities

The previous article was about "Building Zimbabwe Knowledge and Innovation
Start-Up Communities in Business and Commerce," where skills in Accounting
and Taxation, Management and Administration, Marketing and Advertising,
Logistics and .
<https://bullszimbabwe.com/building-zim-knowledge-innovation-start-up-commun
ities-2/> Read more >

Market skeptical of ZiG despite Govt push for adoption

The Zimbabwean government and monetary authorities are doubling down on
efforts to bolster confidence and usage of the new national currency, the
ZiG. However, the market remains unconvinced due to .
<https://bullszimbabwe.com/market-skeptical-of-zig-despite-govt-push-for-ado
ption/> Read more >

Improve your customer experience

I want you to picture this scenario;you walk into a crowded and noisy
restaurant then you also see dirty tables with uncleared plates,as you try
to find your way, you .
<https://bullszimbabwe.com/improve-your-customer-experience/> Read more >

Severe drought to challenge Treasury, RBZ monetary resolve

Zimbabwe, grappling with the most severe drought in four decades, faces a
daunting challenge as it forecast to harvest a mere fraction of its maize
production target and experts say .
<https://bullszimbabwe.com/severe-drought-to-challenge-treasury-rbz-monetary
-resolve/> Read more >

RBZ urged to embrace market mechanisms on ZiG exchange rate

The launch of the ZiG currency could have benefited from a more refined
strategy. Enforcing the official ZiG rate through the FIU might have created
unintended consequences. Exploring alternative approaches .
<https://bullszimbabwe.com/rbz-urged-to-embrace-market-mechanisms-on-zig-exc
hange-rate/> Read more >

CZI proposes alternatives to NCCDS for faster business recovery

Businesses will face severe working capital challenges if the central bank
insists on converting outstanding auction allotments into a two year ZiG
denominated non-negotiable certificates of deposit (NNCDs). According to .
<https://bullszimbabwe.com/czi-proposes-alternatives-to-nccds-for-faster-bus
iness-recovery/> Read more >

10pc trading margin scrapped, outcry over impact

The decision by Government to scrap the 10 percent markup allowed on goods
priced in foreign currency has been met with mixed reactions with some
believing it will penalise businesses .
<https://bullszimbabwe.com/10pc-trading-margin-scrapped-outcry-over-impact/>
Read more >

Businesses struggle to get forex for inputs

Businesses are struggling to obtain foreign currency from banks to fund
procurement of inputs they require for production, a scenario analysts fear
creates fertile grounds for total rejection of the .
<https://bullszimbabwe.com/businesses-struggle-to-get-forex-for-inputs/>
Read more >

Fast export growth will anchor ZiG and buy food

The figures showing a dramatic rise in exports in the first two months of
this year by 37 percent to US$1,18 billion is very good news considering the
sort of .
<https://bullszimbabwe.com/fast-export-growth-will-anchor-zig-and-buy-food/>
Read more >

USD IMMT tax upward adjustment bitter pill for business

The Zimbabwean business community is in a state of shock following the
Ministry of Finance, Economic Development and Investment Promotion's
announcement of a significant hike in transactional taxes. This new .
<https://bullszimbabwe.com/usd-immt-tax-upward-adjustment-bitter-pill-for-bu
siness/> Read more >

Industry minister engages businesses over ZiG

INDUSTRY and Commerce minster Mangaliso Ndlovu says he will be establishing
very "close communication" channels with industry over the next two weeks to
find areas of co-operation. This is a . <https://bullszimbabwe.com/> Read
more >

Vumbachikwe Mine faces corporate rescue.

SOME Vumbachikwe Mine creditors are advocating that the company be placed
under corporate rescue, claiming the firm was heading towards insolvency,
NewsDay Business can reveal. Vumbachikwe Mine, situated in Gwanda .
<https://bullszimbabwe.com/> Read more >

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

NMB

AGM

Head Office 19207 Liberation Legacy Way

15 May 2024 | 3pm

Old Mutual Zimbabwe

AGM

22 May 2024 | 3pm

Nampak

EGM (to approve the change of auditors to Axcentium)

Virtual

23 May 2024 | 9am

Africa Day

25 May 2024

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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