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.
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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 panels and solar geysers, however, said business proceeded steadily during the period under
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