Powerspeed Electrical 2020 Annual Report
In the Chairman's Statement, Dr. S.H. Makoni discusses the significant impact of the COVID-19 pandemic on Zimbabwe's economy, highlighting challenges like hyperinflation and legislative changes. Despite these hurdles, Electrosales experienced strong growth, capturing market share from competitors. The operational outlook remains positive with the opening of a new branch and the launch of a 24-hour call center. The company announced a dividend for shareholders and remains committed to a robust growth strategy and value creation, even after delisting from the Zimbabwe Stock Exchange.