Published: 24 July 2013

The six months ended 31 March 2013 continued to be very difficult mostly as a result of a depressed market.

The effect was most pronounced in our formal sector commercial clients, where we are finding that almost all of our customers are struggling to fund their operations and have no funds for anything beyond necessities.

This situation of tight liquidity seems to have spilled over into the retail sector, which is also slower than anticipated.

Although the group remains profitable, planned throughput targets are not being reached.

Power Speed

- Powerspeed

You might also want to read this

• Motlanthe commission: Too little, too late
• Motlanthe's rushed report raises eyebrows
• Mystery surrounds killing report
• Motlanthe commission yet to finalise report
• Powerspeed expansion drive paying off
• Powerspeed revenue up
• Powerspeed records 9% growth
• Powerspeed's turnover up 9%
• Powerspeed confident of the future
• CFI Holdings | 2013 interim report