Investor Relations

OTC Trading Update




0.00 / 0.00 (Bid / Ask)

305,143 (Volume)

Best Bid & Ask.
Last trade: Wednesday, November 16, 2022
Trades are in ZWL cents

Performance Highlights

HY 2022


There was significant growth in shareholder equity, which rose from $2.2b to $3.3b. In real terms, the growth in equity value was approximately 5.1% per share during the six months under review.

Powerspeed, HY2022 Revenue: +95%
Powerspeed, HY2022 Profit Before Taxation: +474%
Powerspeed, HY2022 Diluted EPS: +493%

Having disposed of our Engineering Division on 30 September 2021, we only have one operating division, our core business, Electrosales Hardware.

M. S. Gurira, Group Company Secretary

Powerspeed Electricals Investor Relations

Powerspeed Electrical Limited

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 operational.

Company Information

Registered Name Powerspeed Electrical Limited (
Ticker Code
Sector Retail
Stock Exchange Zimbabwe OTC
Chairman Dr Simba Makoni
Managing Director Hilton Macklin
Company Secretary Martin Gurira
Transfer Secretary First Transfer Secretaries (Pvt) Ltd (zw)
Year End September
Year Founded 2000
Year Listed 2021

3 Reasons to Consider Investing in Powerspeed Electrical Limited

Brand Leader

A leading brand for the retail and wholesale supply of all types of hardware and home improvement products through Electrosales Hardware

Market Footprint

Through exploiting identified opportunities, we are poised for increasing our footprint in the market, thereby improving our market share

Delivering Value

With a long history which began in the 1970’s, Powerspeed Electrical understands the market so well, delivering real value to shareholders

Our Share Price in Action