Powerspeed contends with informal sector

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POWERSPEED says it is banking on high-quality merchandise to give it a competitive edge in an environment that is skewed in favour of informal business.
As Zimbabwe’s economy continues to deteriorate, industry has rapidly degenerated, giving rise to a burgeoning informal trade.
“Our ability to procure products from the best global sources enables us to deliver excellent quality and price to our customers,” chairman Simba Makoni said in the company’s 2022 annual report.