Powerspeed Electrical is a leading supplier of electrical, hardware, building and home improvement products and services; trading through its own chain of hardware retail outlets known as Electrosales Hardware. The company supplies electrical products and solutions to the painting, plumbing, electrical, building, hand and power tools, outdoor and gardening, and automotive industries in Zimbabwe. Powerspeed Engineering is a subsidiary company involved in rewinding electric motors, supplying industrial fans and ducting for commercial and industrial applications, fabrication of non-standard steel products and structures, and commercial and industrial light fittings, heating elements, distribution boards and domestic irons. The engineering division is the amalgamation of three leading industrial engineering companies; Airflo, Relmo and ELS.
POWERSPEED ELECTRICAL DE-LISTED FROM THE ZIMBABWE STOCK EXCHANGE ON 18 DECEMBER 2020. WITH EFFECT FROM 11 JANUARY 2021, OUR SHARES ARE TRADED OVER-THE-COUNTER (OTC). SHAREHOLDERS ARE NOTIFIED OF A COMPANY SHARE BUYBACK SCHEME AND OTC SHARE TRADING GUIDELINES, WHICH ARE UNDER IMPLEMENTATION.