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Powerspeed bemoans shrinking market base

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POWERSPEED Electrical Limited (Powerspeed) says inflationary pressures have eroded most households’ disposable income, as consumers have resorted to cutting expenditure in electricals, affecting the group’s margins. In a trading update for the third quarter ending June 30, 2022 this week, the firm, which manufactures and trades in electrical products such as generators, inverters, batteries, solar…

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