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 Writer POWERSPEED 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…

Subscribe to read full article. Subscribe today

Related posts

TSL’s revenue surges to US$45,6 million

Gold companies to sustain momentum

Delta wants fiscal support levelled

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More