Bulls n Bears Investors Notebook : 13 May 2024

Mon May 13 08:16:14 CAT 2024

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Bulls n Bears Investors Notebook : 13 May 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Zimre targets wealth management

DIVERSIFIED listed group, Zimre Holdings Limited (ZHL), says its strategy
remains anchored on delivering a strong cash wallet with wealth management
being a future area. This was revealed by ZHL .
<https://bullszimbabwe.com/zimre-targets-wealth-management/> Read more >

Cheap imports leave local industries on the blink

Cheap imports are forcing local businesses to close down and the government
is making frantic efforts to protect the industrial sector, Special Advisor
to the President, Joram Gumbo has said. .
<https://bullszimbabwe.com/cheap-imports-leave-local-industries-on-the-blink
/> Read more >

Zim deposit protection laws can't address evolving risks: Parly

THE existing deposit protection laws in Zimbabwe are insufficient to address
the evolving risks and challenges facing the financial sector, a lawmaker
said last week, amid fears the gap leaves .
<https://bullszimbabwe.com/zim-deposit-protection-laws-cant-address-evolving
-risks-parly/> Read more >

World Tobacco Africa comes to Zimbabwe

QUARTZ Business Events, the owner of the world's largest network of
tobacco-related trade shows in the world, will host the World Tobacco Africa
(WTA) in Harare this week, NewsDay Business .
<https://bullszimbabwe.com/world-tobacco-africa-comes-to-zimbabwe/> Read
more >

Kamativi lithium processing plant almost complete

KAMATIVI Mining Company (KMC) plans to finish construction on its lithium
processing plant in June this year as it seeks to increase production
capacity to about 2,3 million tonnes of .
<https://bullszimbabwe.com/kamativi-lithium-processing-plant-almost-complete
/> Read more >

Trading in Bindura shares halted on VFEX

TRADING in the shares of nickel producer, Bindura Nickel Corporation (BNC)
has been halted on the Victoria Falls Stock Exchange (VFEX) after its major
asset, Trojan Mine, was placed under .
<https://bullszimbabwe.com/trading-in-bindura-shares-halted-on-vfex/> Read
more >

Govt targets 350 000ha under irrigation by 2025

THE Government is targeting to increase irrigable land from 217 000 hectares
to 350 000 ha by 2025 to accelerate its climate-proof agriculture
programmes. In the latest Second Round of .
<https://bullszimbabwe.com/govt-targets-350-000ha-under-irrigation-by-2025/>
Read more >

'Zimre strategy still anchored on creating strong cash wallet'

Zimre Holdings (ZHL) says its strategy remains anchored on delivering a
strong cash wallet by driving a cost-effective insurance float and
increasing the contribution from regional investments. ZHL is a .
<https://bullszimbabwe.com/zimre-strategy-still-anchored-on-creating-strong-
cash-wallet/> Read more >

Govt to ease forex exchange challenges through agents

People should soon be able to access bureaux de change for small foreign
exchange transactions at the official exchange rate and the Government plans
to allow the return of mobile .
<https://bullszimbabwe.com/govt-to-ease-forex-exchange-challenges-through-ag
ents/> Read more >

Zimbabwe smallholder farmers need technologies access to spur production

THERE is a need to assist smallholder farmers in Zimbabwe to access
technologies that will enable them to increase farm yields, achieve
resilience, better nutrition to address poverty and food .
<https://bullszimbabwe.com/zimbabwe-smallholder-farmers-need-technologies-ac
cess-to-spur-production/> Read more >

VFEX launches CFDs

THE Contract for Differences (CFDs) launched by Finance, Economic
Development and Investment Promotion Minister Professor Mthuli Ncube here on
Friday marks the operationalisation of the Offshore Financial Services
Centre, which .  <https://bullszimbabwe.com/vfex-launches-cfds/> Read more >

CZI makes ZiG conversion proposals

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 the
. <https://bullszimbabwe.com/czi-makes-zig-conversion-proposals/> Read more
>

Matabeleland South trims winter wheat hectarage

DECLINING water levels in major dams in Matabeleland South province has
forced farmers to reduce the land area to be planted under the 2024 winter
wheat to 3 700 hectares .
<https://bullszimbabwe.com/matabeleland-south-trims-winter-wheat-hectarage/>
Read more >

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 >

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.

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

Email:               bulls at bullszimbabwe.com

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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.

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

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