Scarce capital thwarts Powerspeed growth

The group faces exposure to foreign currency risk related to transactions conducted in currencies other than the ZiG.

Elton ManguwoStaff WriterPOWERSPEED Electrical Limited (Powerspeed) says the shortage of capital on the domestic market has put its expansion plans under serious threat as currency uncertainty continues to deter borrowers from long-term funding.The electrical and hardware supplier said the development was also impeding it from implementing its innovative idea and diversification of its product offering.Most…

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