Bulls n Bears Investors Notebook : 24 May 2024

Fri May 24 08:57:19 CAT 2024

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Bulls n Bears Investors Notebook : 24 May 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Govt earmarks US$175m for pre-2009 pension losses

THE Government has earmarked US$175 million to compensate pensioners for
pre-2009 losses, Finance, Economic Development, and Investment Promotion
Minister Professor Mthuli Ncube has said. During the hyperinflationary
period to February .
<https://bullszimbabwe.com/govt-earmarks-us175m-for-pre-2009-pension-losses/
> Read more >

Local entities to get preference in public procurement: PRAZ

LOCAL entities will receive preference in the awarding of public procurement
contracts and tenders to give them the edge in the face of increased
competition they will likely face under .
<https://bullszimbabwe.com/local-entities-to-get-preference-in-public-procur
ement-praz/> Read more >

'Sell locally produced raw materials in ZiG'

THE adoption of the Zimbabwe Gold (ZiG) currency brings hope to local
businesses, especially manufacturing industries who are desperate for lower
costs of production using the local unit as it .
<https://bullszimbabwe.com/sell-locally-produced-raw-materials-in-zig/> Read
more >

Bakers Association applauds Innscor's Bulawayo investments
THE Bakers Association of Zimbabwe (BAZ) has applauded the commissioning of
the US$30 million bakery investment by the listed Innscor Africa Limited
group saying the expansion of the sector and .
<https://bullszimbabwe.com/bakers-association-applauds-innscors-bulawayo-inv
estments/> Read more >

Fidelity investment gets US$60m prescribed asset status

LISTED insurance firm, Fidelity Life Assurance Group, says its recently
launched Eagle Real Estate Investment Trust (REIT) has been granted
prescribed asset status of US$60 million. This development, according to .
<https://bullszimbabwe.com/fidelity-investment-gets-us60m-prescribed-asset-s
tatus/> Read more >

Government insurance benefits cushion vulnerable citizens

GOVERNMENT will channel its insurance benefits from the African Risk
Capacity (ARC) to support more than 349 vulnerable households in 18
districts across the country that have been severely impacted .
<https://bullszimbabwe.com/government-insurance-benefits-cushion-vulnerable-
citizens/> Read more >

Kuvimba Mining House scouts for platinum investment partner

ZIMBABWE's largest resource firm Kuvimba Mining House (KMH) is courting
potential investment partners to establish platinum mining operations at its
Great Dyke Investments (GDI) unit despite prices of the precious .
<https://bullszimbabwe.com/kuvimba-mining-house-scouts-for-platinum-investme
nt-partner/> Read more >

NBS set to launch new subsidiary, Lenderspark Finance

Through its solid capital base and support structure, NBS is poised to be
the market leader in the provision and facilitation for affordable housing
developments.STATE-OWNED mortgage lender National Building Society .
<https://bullszimbabwe.com/nbs-set-to-launch-new-subsidiary-lenderspark-fina
nce/> Read more >

SMEs propose turnover-based tax system

THE WTS Tax Matrix 8th annual tax conference began on Wednesday in Victoria
Falls and is running under the theme Navigating the Complexities of Modern
Taxation.FARAI Mutambanengwe, a leading voice .
<https://bullszimbabwe.com/smes-propose-turnover-based-tax-system/> Read
more >

PAAB chair given 48hrs to retract 'false' statements

Makuvire and Matema, representing the yet-to-be-registered audit firm
Makuvire and Matema Advisory, approached the Zimbabwe Anti-Corruption
Commission (Zacc) last month, accusing PAAB secretary Admire Ndurunduru and
acting deputy secretary Donald .
<https://bullszimbabwe.com/paab-chair-given-48hrs-to-retract-false-statement
s/> Read more >

First Capital Bank's revenue up 40%

The bank's capital increased by 25% during the quarter, with the capital
adequacy ratio at 35%, well above the regulatory threshold of 12%.TOTAL
income at the Victoria Falls Stock Exchange-listed .
<https://bullszimbabwe.com/first-capital-banks-revenue-up-40/> Read more >

Businessman Mutanda embroiled in properties storm

The Zimbabwe People's Revolutionary Army (ZIPRA), a former military wing of
the Zimbabwe African People's Union (ZAPU), has raised claims against
businessman - Fred Mutanda - whom it accuses of .
<https://bullszimbabwe.com/businessman-mutanda-embroiled-in-properties-storm
/> Read more >

Cash-rich but, credit-shy: Zim banks hold back on loans

Zimbabwean banks are holding onto nearly US$3 billion in deposits, but only
half of this amount is being loaned out due to factors such as the nature of
deposits, the .
<https://bullszimbabwe.com/cash-rich-but-credit-shy-zim-banks-hold-back-on-l
oans/> Read more >

Local companies driving investment, need Govt support

In an economic landscape characterised by adversity and uncertainty, local
companies have emerged as beacons of resilience and optimism. Spearheading
this commendable investment drive are key players in the consumer .
<https://bullszimbabwe.com/local-companies-driving-investment-need-govt-supp
ort/> Read more >

Mutapa input into NRZ finance critical

Among the large portfolio that the new Mutapa Investment Fund is holding is
the National Railways of Zimbabwe, almost certainly the oldest entity in the
portfolio and the biggest, with .
<https://bullszimbabwe.com/mutapa-input-into-nrz-finance-critical/> Read
more >

Requirements of Deed of Donation

It is common for one person to donate assets to another. For example, an
individual may donate an immovable property such as a house to a family
trust for purposes .
<https://bullszimbabwe.com/requirements-of-deed-of-donation/> Read more >

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

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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