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NTS says policy measures bearing fruit, sales volumes up 14%

NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love. ....

Rutenhero Moyo , Alois Vinga , Tyre Services , Spread This , Dutch Auction System ,

NTS Credits Economic Stability For 34% Growth

NTS Credits Economic Stability For 34% Growth
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Rutenhero Moyo , Alois Vinga , National Tyre Services , Spread This , Reserve Bank , Tyre Services , தேசிய சக்கரம் சேவைகள் , பரவுதல் இது , இருப்பு வங்கி , சக்கரம் சேவைகள் ,

NTS Credits Economic Stability For 34% Growth - The Zimbabwe Mail

NTS Credits Economic Stability For 34% Growth - The Zimbabwe Mail
thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.

Rutenhero Moyo , National Tyre Services , Reserve Bank , Tyre Services , தேசிய சக்கரம் சேவைகள் , இருப்பு வங்கி , சக்கரம் சேவைகள் ,

Listed Tyre Company Gives Credit To RBZ Auction For 17% Sales Growth


By Alois Vinga
THE National Tyre Services (NTS) has given credit to the improved foreign currency availability in the country to the Reserve Bank of Zimbabwe’s (RBZ) auction system, which has seen a boost in the company’s sales volumes by 17%.
Presenting the entity’s financial performance last week, the NTS chairperson Rutenhero Moyo, said despite the challenges faced, some key changes in economic fundamentals have improved the company’s fortunes.
“In particular, we had increased cost-effective production uptime due to more frequent availability of electricity and fuel over the first half of the financial year,” he said.
“The company’s access to foreign currency through the Reserve Bank of Zimbabwe auction system which was introduced in June 2020 also improved and resulted in stable prices.” ....

Rutenhero Moyo , Alois Vinga , National Tyre Services , Spread This , Tyre Services , Reserve Bank , தேசிய சக்கரம் சேவைகள் , பரவுதல் இது , சக்கரம் சேவைகள் , இருப்பு வங்கி ,