National Tyre Services Limited | Executive and Board Announcement

May 18th, 2020|

National Tyre Services Limited is pleased to announce the appointment of Mr. Benson Philip Hlungupi Samudzimu as the company’s Managing Director with effect from 01 January 2020, having been in charge in an acting capacity since June 2019. Prior to this, Mr. Samudzimu was already a non-Executive Director of the company. Benson has served on [...]

National Tyre Services| Retreading Volumes for the quarter increased by 11%

February 20th, 2020|

Nature of Business The Company remained focused on its core business of retailing and retreading of tyres, wheel alignment, wheel balancing and related services from its fourteen branches.</li Trading Environment Power outages continued to affect operations although the impact varied depending on location. Shortage of foreign currency persisted whilst fuel supplies remained constrained. The economic [...]

National Tyre Services: Revenue down 15%

January 31st, 2020|

National Tyre Services Limited (NTS.zw) HY2020 Interim Report We have extracted the Chairman's Statement from the 2019 abridged report for National Tyre Services Limited (NTS.zw), listed on the Zimbabwe Stock Exchange: EXECUTIVE SUMMARY The company had a challenging first half, mainly due to a shortage of foreign currency and extensive electricity load shedding. [...]

National Tyre Services delay of publication of HY2020 results

January 3rd, 2020|

National Tyre Services Limited (the "Company") hereby notifies its shareholders and other stakeholders that it has delayed the publication of the unaudited financial statements for the half year ended 30 September 2019. These were supposed to be published by 31 December 2019. The Company will present inflation-adjusted financial statements as its primary financial statements and [...]

National Tyre Services appoints Mr Sherpard Shonhiwa to its board of Directors

November 22nd, 2019|

National Tyre Services Limited is pleased to announce the appointment of Mr. Shepherd Shonhiwa to its Board of Directors with effect from 25 September 2019, as an Independent Non-Executive Director. He is a Chartered Director (SA) and holds an MBA degree from the University of Zimbabwe. He held senior executive positions in Zimbabwe before going [...]

National Tyre Services 2020 Q1 Trading Update: Volume of tyres sold 51% lower than previous 2018 Q1

November 21st, 2019|

National Tyre Services Limited (NTS.zw) Q12020 Interim Report We have extracted the Company's Secretary's Statement from the 2020 first quarter trading update for National Tyres Services (NTS.zw), listed on the Zimbabwe Stock Exchange: Nature of Business The Company continued with its business of retailing and retreading of tyres, wheel alignment, wheel balancing and [...]

National Tyre Services: Trading update for the 1st quarter ended 30 June 2019

September 6th, 2019|

Nature of Business The Company continued with its business of retailing and retreading of tyres, wheel alignment, wheel balancing and related services from its thirteen branches. Trading Environment The trading environment was characterised by continued shortages of foreign currency, steep increases in year-on-year inflation and reduced aggregate demand as businesses and consumers adjusted to the [...]

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