Press Room

2019/08/16

The thrill of the first-time car buying journey

Posted in category: Consumer Education

Buying your first car is a major step toward personal freedom, but it is important to not get caught up in the excitement of being mobile and end up tripping on some common pitfalls. In assisting consumers who might be in the first-time buying market, or even those seeking to upgrade their current car, WesBank has outlined some useful tips to consider along the purchasing journey.

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2019/08/05

The Festival of Motoring is fast approaching - have you got your ticket yet?

Posted in category: General

The annual South African motoring extravaganza is back and bigger than ever before. Considered the largest national, industry-supported auto show on the continent, the Festival of Motoring is filled with various activities that appeal to all motoring enthusiasts.

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2019/08/01

Interest up, but sales down

Posted in category: New Vehicle Sale Commentary

While consumers may have enjoyed some reprieve from the interest rate cut in July, the motor industry didn’t. New vehicle sales continued their downward trend according to results released by the National Association of Automobile Manufacturers of South Africa (Naamsa).

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2019/07/30

Steady increase in the cost of motoring

Posted in category: Consumer Education

The interest rate cut and drop in petrol price during July is good news for consumers, however, the cost of motoring continues to rise steadily. The monthly mobility basket, which comprises of vehicle instalments, fuel, insurance and maintenance fees, has risen to R7 851.39. This is 3% higher than last year, and 28% higher than five years ago when monthly costs amounted to R6 144.22.

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2019/07/19

Choose a vehicle finance plan appropriate for you

Posted in category: Consumer Education

The annual Festival of Motoring takes place from 22 to 25 August at Kyalami Grand Prix Circuit. Promising to be an all-round, exhilarating experience for the whole family, it is also a place where consumers who are in the market to buy a car are sure to experience it there. If consumers happen to find their dream car, WesBank, a proud sponsor of the festival, is available to assist through its Online Application with finance and help navigate the car buying journey with ease.

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Spokespeople profiles

WesBank - CEO
Chris de Kock

WesBank - CEO

Chris de Kock took over as CEO of WesBank on 01 October, 2013 after occupying the Head of Sales and Marketing role for five years. He joined WesBank in 1987 as a New Business clerk in the Motor division and spent time working in the Corporate, Marketing, Fleet and Insurance divisions. Chris has a Bachelor of Commerce degree from UNISA and completed the Advanced Executive Program at Harvard in 2005.

WesBank - CEO of Corporate
Gerald Burton

WesBank - CEO of Corporate

Gerald Burton was appointed CEO of the Corporate Division in September 2016 after filling the position of General Manager of Corporate Division since 2009. His role requires him to focus constantly on building and delivering Instalment Sales, Leasing, Rental and Fleet Management solutions for the South African corporate market. Gerald joined WesBank in 1991 in a sales role and has over the years, contributed extensively to both the Retail and Corporate divisions at the bank.

WesBank - CEO of Corporate
Ghana Msibi

WesBank - Executive Head of Motor Division

Ghana Msibi was appointed Executive Head of the Motor Division in February 2019, after spending time as the Executive Head of Sales and Marketing. He joined WesBank in 2015, and his solid experience in finance, insurance, governance, risk, and compliance has since been felt across the division.

Ghana started his career as an administrative clerk at an insurance company. He progressed to a Fund Accountant role, before bedding down that for a substantial stint at a Big Four rival company where he worked within Risk, Corporate and Business Banking, and Insurance.

Ghana holds a Masters in Business Administration degree from Milpark Business School, a National Diploma in Cost and Accounting Management, and a multitude of post-graduate certificates.

For more information, contact us

Telephone: (011) 632 6000

Email: pr@wesbank.co.za