Zimbabwe's trading environment has become increasingly challenging due to the economic impact of COVID-19 and fluctuating regulations. Despite a slight recovery in volume throughput and increased revenue, profitability remains difficult to gauge amid rising inflation and currency devaluation. The company is focused on maintaining customer service while navigating these uncertainties. Looking ahead, the Group emphasizes growth in shareholder value while preparing for potential disruptions, reflecting resilience in a volatile market.

In the first half of 2020, Powerspeed Electrical experienced strong revenue growth, increasing from $505 million to $718 million, alongside a substantial rise in profit after tax from $21 million to $167 million. Despite these gains, the effects of the COVID-19 pandemic, inflation, and economic uncertainty hindered clarity in financial interpretations. Operations were disrupted in April due to lockdowns, but the company has since recovered and expects to grow market share. The Board has opted not to declare a dividend for this period, though optimism remains for future payouts.

In the face of ongoing economic contraction, Zimbabweans are experiencing declining disposable incomes, which adversely affects businesses. The trading environment remains challenging, with increased competition from informal traders benefiting from less regulation. While overall product volumes have decreased, growth in solar products and building materials offers some offset. Profitability is uncertain due to rising costs and volatile market conditions, yet the company remains focused on balance sheet growth amid this unpredictability.