Nationwide providers of products, services and solutions to industrial

and commercial users through various outlets.

OUR STORY

Our company has a long, robust history, which began in the 1970’s as part of a diversified group known as Mashonaland Holdings. With the unbundling of Mashonaland Holdings in 1997, Powerspeed was formed with the integration of the private company Industrial Electric Holdings and all the electrical divisions of Mashonaland Holdings. Over the years we have developed our core business activity into a hardware retail chain commonly known as Electrosales Hardware. Powerspeed completes its unification by also supplying bulk traders through Industrial Electric. However this name is about to change and will be known as Electrosales Trade Centre. Although the nature of our company has changed, we’ve always retained our foundation of strength, innovation and perseverance.

A GLANCE AT POWERSPEED

Powerspeed Electrical is a public company listed on the Zimbabwe Stock Exchange (ZSE). Our Board of Directors comprises two executive directors and three non-executive directors.

The daily operations of the organisation are managed by an executive committee comprised of three executive directors and two senior executive managers.

The group employs over 430 people in the fields of engineering, procurement, manufacturing, retail and wholesale throughout Zimbabwe.

OUR MISSION

Our mission as a company is to create long-term value for our shareholders, customers, and employees through a commitment to excellence and a disciplined management process, which together help us drive sustainability and a competitive advantage in the market. 

OUR VISION

Our vision is to be the profitable market leader in hardware, offering building and home improvement solutions to retail, contracting and industrial customers in Zimbabwe.

Powerspeed-Business

 

WE STRIVE FOR

Focused passion to win through…

Raising the bar

Engaging curiosity

Taking initiative

Working together

Developing Deep Core Competence

OUR STRUCTURE

A solid foundation, built on reliability, value and service to our customers.

Powerspeed Annual Report 2015

POWERSPEED FINANCIAL HIGHLIGHTS

Powerspeed Annual Report 2015

Business Units

 

OUR BUSINESS UNITS

Main Business Activity – Hardware Retail Chain

Electrosales is the pre-eminent hardware provider and operates 16 stores countrywide.

It is our belief that the breadth of our product offering, along with our commitment to service, is what sets us apart from the competition.  We strive to bring significant value to the customer, whether they be a shop owner, contractor, architect, designer or new and old home owner.   

Our products range & industries served include Painting, Plumbing, Electrical, Building, Hand & Power Tools, Outdoor, Gardening, Automotive & many more.

 

POWERSPEED ENGINEERING

Main Business Activity – Electric Motor rewinding, fan manufacturing and electrical systems manufacturing.

Formally as known as Airflow, Relmo and ELS, these companies have been condensed to become Powerspeed engineering responsible for:-

  • The manufacturing and installing all sizes of fans and ducting for commercial and industrial applications. Fabrication of non-standard steel products and structures.
  • The repairs & modification of all makes and sizes of electric motors to suit the customer’s specific applications.
  • The manufacture and assembly of commercial and industrial light fittings, heating elements, distribution boards as well as the manufacture of domestic irons.

Our Directors

Our Board of Directors meet on a quarterly basis and are responsible for directing and supervising Powerspeeds affairs. Our Board members set the strategy for the business, ensure that the correct financial and human resources are in place for the company to meet its objectives, and review management performance.

The Board comprises three executive directors and six non-executive directors.

Dr Simba Makoni

Dr Simba Makoni

Chairman (Non Executive)
Hilton Macklin

Hilton Macklin

Managing Director (Executive)
Martin Gurira

Martin Gurira

Operations Director & Group Secretary
Cyprian Tambo

Cyprian Tambo

Non Executive Director
Mike Kretsman

Mike Kretsman

Non Executive Director
Norman Kretzmer

Norman Kretzmer

Non Executive Director

Powerspeed is fully committed to effective corporate governance and the need for integrity and high ethical standards in the conduct of its business.

We fully support the King reports on corporate governance (originated in South Africa) and endorses the need to conduct its business in accordance with the highest standards of corporate practice.

ANNUAL REPORT

 

 Click here to download the 2015 Powerspeed Annual Report.

Powerspeed Annual Report – 2015 

Contact Us

 

 

Please fill in the below form for any queries or questions you may have and we will get back to you shortly.

Name
Number
Message

—INDUSTRIAL ELECTRIC
Address: Graniteside Kelvin Road North/Cripps Road, Graniteside, Harare
Telephone: (+263) 4 771097-8
Fax: (+263) 4 771088
Email: iewkelvin@powerspeed.co.zw

—RELMO
Address: Graniteside Kelvin Road North/Cripps Road, Graniteside, Harare
Telephone: (+263) 4 771101-4
Fax: (+263) 4 750455
Email: masimba@powerspeed.co.zw

—AIFLO
Address: Graniteside Kelvin Road North/Cripps Road, Graniteside, Harare
Telephone: (+263) 4 771101-4
Fax: (+263) 4 750455
Email: airflosales@powerspeed.co.zw

WST
Address: Graniteside Kelvin Road North/Cripps Road, Graniteside, Harare
Telephone: (+263) 4 771101-4
Fax: (+263) 4 750455
Email: wst@powerspeed.co.zw

—ELECTROCABLES
Address: Graniteside Kelvin Road North/Cripps Road, Graniteside, Harare
Telephone: (+263) 4 771101-4
Fax: (+263) 4 773423
Email: mcables@powerspeed.co.zw