Bulls n Bears Investors Notebook : 17 May 2024

Fri May 17 09:52:28 CAT 2024

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Bulls n Bears Investors Notebook : 17 May 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

TIMB pushes for tobacco value-addition

Vice-President Constantino Chiwenga last year revealed that Zimbabwe exports
98% of its tobacco in raw form, thus realising a paltry US$1 billion out of
a possible US$15 billion that the .
<https://bullszimbabwe.com/timb-pushes-for-tobacco-value-addition/> Read
more >

FCB secures US$15m AfDB facility

FIRST Capital Bank (FCB) has secured a US$15 million trade finance facility
from the African Development Bank (AfDB) for lending to small to medium
enterprises (SMEs). The facility will help .
<https://bullszimbabwe.com/fcb-secures-us15m-afdb-facility/> Read more >

ZAPF conference kicks-off in Vic Falls

THE 49th annual conference of the Zimbabwe Association of Pension Funds
(ZAPF) kicked off in Victoria Falls yesterday as industry gurus gathered to
introspect how they can come up with .
<https://bullszimbabwe.com/zapf-conference-kicks-off-in-vic-falls/> Read
more >

Sweet sour sugar as Delta to pay US$46 in new tax
The sugar tax, which has piled costs on beverages manufacturers, came into
effect this year in line with proposals made in the 2024 National Budget
statement presented last November by .
<https://bullszimbabwe.com/sweet-sour-sugar-as-delta-to-pay-us46-in-new-tax/
> Read more >

Delta navigates complexities, delivers solid underlying performance

Delta Corporation Limited (Delta) painted a picture of contrasting realities
in its recent financial results for the period ended March 31, 2024. While
headline figures reported strong growth, management commentary .
<https://bullszimbabwe.com/delta-navigates-complexities-delivers-solid-under
lying-performance/> Read more >

Forensic accounting in mergers, acquisitions

In the fast-paced world of mergers and acquisitions (M&A), companies are
constantly seeking opportunities to expand their market presence, acquire
new technologies, or gain a competitive edge. While M&A deals .
<https://bullszimbabwe.com/forensic-accounting-in-mergers-acquisitions/>
Read more >

Smaller ZiG denomination shortage impacts smooth transactions

The shortage of smaller ZiG denominations in the market is compromising the
convenience of the transacting public and businesses, posing an adverse
effect on cash premiums. Since the introduction of .
<https://bullszimbabwe.com/smaller-zig-denomination-shortage-impacts-smooth-
transactions/> Read more >

SME series: Protect your intellectual property

"Please call me back" Sounds familiar? It does for many people and at one
point in time was rampantly abused in Zimbabwe.Mr Kenneth Nkosana Makate is
a former employee of .
<https://bullszimbabwe.com/sme-series-protect-your-intellectual-property/>
Read more >

Hyatt Regency Harare The Meikles to procure from local small holder farmers

Recently launched international hospitality brand, Hyatt Regency Harare The
Meikles, says it is engaging local small holder farmers for produce supply
to the hotel in a move aimed at empowering .
<https://bullszimbabwe.com/hyatt-regency-harare-the-meikles-to-procure-from-
local-small-holder-farmers/> Read more >

Banks under fire for digressing from traditional banking ethos

LOCAL banks have come under fire for digressing from traditional banking
ethos of generating bulk of their revenues from interest income on loans and
investments and concentrating on fees and .
<https://bullszimbabwe.com/banks-under-fire-for-digressing-from-traditional-
banking-ethos/> Read more >

Unlocking new frontiers for sustainable industrialisation, climate-smart
business growth

The Zimbabwe National Chamber of Commerce (ZNCC) is gearing up for its
annual congress, set to take place from the June 26 to 28, 2024 at the
Elephant Hills Resort .
<https://bullszimbabwe.com/unlocking-new-frontiers-for-sustainable-industria
lisation-climate-smart-business-growth/> Read more >

Structural inefficacies, confidence deficit may continue driving Zim's
inflation

Zimbabwe has been struggling to bottle inflation for the past two decades
now, and despite the introduction of a new currency backed by gold and other
precious natural reserves, citizens .
<https://bullszimbabwe.com/structural-inefficacies-confidence-deficit-may-co
ntinue-driving-zims-inflation/> Read more >

Govt fails to pay for wheat deliveries

Government's failure to pay US$20 million owed to wheat farmers for
deliveries made in the last marketing season, has seen some farmers failing
to prepare and participate in the ongoing .
<https://bullszimbabwe.com/govt-fails-to-pay-for-wheat-deliveries/> Read
more >

No mercy for violating exchange rate - Treasury

TREASURY insists businesses caught pricing their products or services using
an exchange rate higher than the official rate risk severe penalties, as
there is no longer any "basis" for doing .
<https://bullszimbabwe.com/no-mercy-for-violating-exchange-rate-treasury/>
Read more >

Make sure the money taps stay turned off

The admission last week that the Reserve Bank of Zimbabwe was until last
year creating out of nothing the Zimbabwe dollars needed to buy the 25
percent of export earnings .
<https://bullszimbabwe.com/make-sure-the-money-taps-stay-turned-off/> Read
more >

Padenga sees strong jump in gold output

Padenga Holdings Limited says investments in its gold mining units Eureka
and Pickstone Peerless drove strong gold production in the quarter to March
31, 2024, as well as positioning it .
<https://bullszimbabwe.com/padenga-sees-strong-jump-in-gold-output/> Read
more >

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

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

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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