{"id":26443,"date":"2020-08-13T19:54:30","date_gmt":"2020-08-13T17:54:30","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=26443"},"modified":"2020-08-13T19:54:30","modified_gmt":"2020-08-13T17:54:30","slug":"zim-future-uncertain-powerspeed","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed","title":{"rendered":"Zim future uncertain: Powerspeed"},"content":{"rendered":"

LISTED supplier of electrical products and service provider, Powerspeed has expressed concern over Zimbabwe\u2019s economic prospects, describing it as \u201cuncertain like never before\u201d.
\nThe country is experiencing multifaceted economic problems punctuated by runaway inflation, eroded earnings, currency volatility and policy inconsistences which it said were an albatross on business.<\/p>\n

\u201cZimbabwe has been through periods of extreme uncertainty in the past. However, we are possibly facing even greater uncertainties than ever before, which makes it extremely difficult to predict the future performance of the Group,\u201d said Powerspeed company secretary Martin Gurira in a statement accompanying the firm\u2019s trading update for the quarter to June, 2020 \u201cHaving said that, we will continue to focus on growth of shareholder value, with the confidence that we have the resources to survive short term business disruptions such as those that we had in April of this year.\u201d<\/p>\n

The firm said the economic difficulties facing Zimbabwe had been exacerbated by the COVID-19 pandemic, but now a shrinking economy which was already expected would now be even greater than anticipated.<\/p>\n

This will have a negative impact on almost all businesses in Zimbabwe as consumer spending declines<\/p>\n","protected":false},"excerpt":{"rendered":"

LISTED supplier of electrical products and service provider, Powerspeed has expressed concern over Zimbabwe\u2019s economic prospects, describing it as \u201cuncertain like never before\u201d. The country is experiencing multifaceted economic problems punctuated by runaway inflation, eroded earnings, currency volatility and policy inconsistences which it said were an albatross on business. \u201cZimbabwe has been through periods of […]<\/p>\n","protected":false},"author":84,"featured_media":25146,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1361,7],"tags":[1388],"class_list":["post-26443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-coronavirus-in-zimbabwe","category-files","tag-covid-19"],"yoast_head":"\nZim future uncertain: Powerspeed - zimbabwe<\/title>\n<meta name=\"description\" content=\"LISTED supplier of electrical products and service provider, Powerspeed has expressed concern over Zimbabwe\u2019s economic prospects, describing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zim future uncertain: Powerspeed\" \/>\n<meta property=\"og:description\" content=\"LISTED supplier of electrical products and service provider, Powerspeed has expressed concern over Zimbabwe\u2019s economic prospects, describing\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-13T17:54:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2020\/07\/Coronavirus-768x432-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zim future uncertain: Powerspeed\",\"datePublished\":\"2020-08-13T17:54:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed\"},\"wordCount\":194,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2020\/07\/Coronavirus-768x432-1.jpg\",\"keywords\":[\"COVID-19\"],\"articleSection\":[\"all news\",\"Coronavirus in Zimbabwe\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zim-future-uncertain-powerspeed\",\"name\":\"Zim future uncertain: Powerspeed - 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