Bulls n Bears Investors Notebook : 02 September 2024

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Bulls n Bears Investors Notebook :  02 September  2024

 

	
 


 <mailto:info at bulls.co.zw> 

 


 

 


Bulls ‘n Bears Investors Diary: Today’s Events

 


 

 

 

 

 


 

 

 

 

 


 

 

	
 

ZiG acceptance rate reaches 91pc — RBZ

Zimbabwe’s local currency, ZiG, has gained significant public confidence, with a survey indicating a 91 percent acceptance rate, up from 61 percent at its launch in April this year, Reserve … <https://bullszimbabwe.com/zig-acceptance-rate-reaches-91pc-rbz/> Read more »

 


 

                                                                                                                                                                 

 


 

Pick n Pay IPO could raise US$450m

Pick n Pay IPO could raise US$450m A deterioration in the performance of the group’s core Pick n Pay supermarket business resulted in a substantial trading loss in the Pick …  <https://bullszimbabwe.com/pick-n-pay-ipo-could-raise-us450m/> Read more »

 


 

 

‘Banks have capacity to withstand shock’

The Reserve Bank of Zimbabwe (RBZ) has reaffirmed the strength of the banking sector, highlighting its ample capital and liquidity reserves to weather economic shocks. The bank also noted that …  <https://bullszimbabwe.com/banks-have-capacity-to-withstand-shock/> Read more »

 

 


 

	 


 

First Capital Bank sees drop in non- performing loans

FIRST Capital Bank (FCB) says its non-performing loans ratio has improved from eight percent to three percent over the six-month period ending on June 30. Customer loans increased by 11,2 …  <https://bullszimbabwe.com/first-capital-bank-sees-drop-in-non-performing-loans/> Read more »

 


 

 
Bridging the financial literacy gap for Zimbabwe’s Farmers, Old Mutual’s “On the Money” Programme at the Agricultural Show.
AS the Zimbabwe Agricultural Show kicks off under the theme “Cultivating Prosperity. Growing Business. Innovation for Change. Nurturing our Future,” a critical component of this year’s event is the financial …  <https://bullszimbabwe.com/bridging-the-financial-literacy-gap-for-zimbabwes-farmers-old-mutuals-on-the-money-programme-at-the-agricultural-show/> Read more »

 


 

 

 


 

120MW solar power for productive farms

ZIMBABWE Electricity Supply Authority (Zesa) Holdings has announced plans to secure funding for the installation of approximately 120 megawatts of solar power at productive farms across the country. This comes … <https://bullszimbabwe.com/120mw-solar-power-for-productive-farms/> Read more »

 


 

	 

	
Government reviews EPOs for coal-bed methane explorations

Government has started reviewing Exclusive Prospecting Orders (EPOs) granted to investors three years ago for coal-bed methane to assess the investors’ commitment to these projects, an official has said. In …  <https://bullszimbabwe.com/government-reviews-epos-for-coal-bed-methane-explorations/> Read more »

 


 

	 


 

Softening demand erodes OK Zimbabwe volumes

LISTED giant retail group OK Zimbabwe Limited says its sales volumes dropped by about 29,2 percent due to softening consumer demand during the period to 30 June 2024. In its …  <https://bullszimbabwe.com/softening-demand-erodes-ok-zimbabwe-volumes/> Read more »

 


 

	 


 

 

Cimas launches mobile clinic

CIMAS Health Group, the largest private medical aid society in the country, has launched a mobile clinic model as it embraces innovative approaches to improve healthcare service delivery. In a …  <https://bullszimbabwe.com/cimas-launches-mobile-clinic/> Read more »

 


 

	 


 

 

Scale of new investments impress mine workers union

ZIMBABWE Diamond and Allied Minerals Workers Union (ZDAMWU) has applauded new mining investments in the country and the revival of old mines saying this has increased job opportunities for locals. …  <https://bullszimbabwe.com/scale-of-new-investments-impress-mine-workers-union/> Read more »

 


 

                                                                                                                                                                 

 


 

CBZ Bank appoints Simwaka as MD

A seasoned banker, Simwaka replaces Lawrence Nyazema who was elevated to the group chief executive officer’s position in April this year.CBZ Holdings has appointed Gift Simwaka as the managing director … <https://bullszimbabwe.com/cbz-bank-appoints-simwaka-as-md/> Read more »

 


 

 

ICAZ on high alert as global audit firms fail quality tests

In the past months, audit firms, including Grant Thornton, BDO, Forvis Mazars, Ernst & Young and PwC, failed to pass quality audit tests in the UK, coupled with some facing … <https://bullszimbabwe.com/icaz-on-high-alert-as-global-audit-firms-fail-quality-tests/> Read more »

 


 

 

 

Zimbabwean firms shine in Maputo

ZIMBABWEAN firms have left a lasting impression at the Maputo International Trade Fair (FACIM) after attracting strong interest from potential buyers willing to import their products into Mozambique. The month-long … <https://bullszimbabwe.com/zimbabwean-firms-shine-in-maputo/> Read more »

 


 

Tanganda excites Mozambican market

One of the most popular exhibition stands at the ongoing Maputo International Trade Fair (FACIM) has been Tanganda Tea Company’s, where Zimbabwean firm is showcasing its range of leading tea, …  <https://bullszimbabwe.com/tanganda-excites-mozambican-market/> Read more »

 


 

 
Zim forex earnings rise, driven by exports and remittances

Zimbabwe’s foreign currency receipts saw a significant increase in the first half of 2024, driven by a surge in export earnings and diaspora remittances, according to the Reserve Bank of … <https://bullszimbabwe.com/zim-forex-earnings-rise-driven-by-exports-and-remittances/> Read more »

 


 

 

 

Bulawayo milling firm seeks wider national market

WITH barely seven months into milling business, Bulawayo-based Imela Milling has widened its market reach to Harare where it is introducing a new product, Whole Grain Fusion, at the ongoing …  <https://bullszimbabwe.com/bulawayo-milling-firm-seeks-wider-national-market/> Read more »

 

 

	
 

	
 


 

INVESTORS DIARY 2024

 


Company

Event

Venue

Date & Time

 


 

 


 

 

 

 

 


 

 

 

 

 


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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