NATIONAL Tyre Services (NTS) anticipates resuming direct procurement of budget tyre brands from China and implementing strategic cost reductions to restore the company’s profitability by the end of next year. Last year, the group announced it had restarted sourcing budget tyres from China in response to increasing competition from informal players, which was eroding its…
NTS plots return to profitability
NTS operations have been adversely impacted by the rapid growth of the informal sector eating into its market share.