Press Room

2019/04/02

The WesBank GFV Vehicle Finance Option

Posted in category: Consumer Education

When it comes to buying a new or used vehicle, consumers are often confused by the different payment options available to them. Often, as a result of the elevated excitement, consumers don’t ask enough questions during the purchasing process. Buyers tend to just want to get the keys to the car and enjoy the new experience. With consumer budgets becoming even more stretched, it’s important that consumers understand all the vehicle finance options available to them in order to opt for the deal best suited to their affordability.

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2019/04/01

Pressure builds in compressed vehicle market

Posted in category: New Vehicle Sale Commentary

New vehicle sales continued their consistent slide downward as the first quarter drew to a close. While March 2018 sales were relatively robust last year, March 2019 industry sales ended on 47,718 units, 3.1% down year-on-year according to the National Automobile Association of South Africa (Naamsa).

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2019/03/13

Statement

Posted in category: General

WesBank is aware of the discrimination and incorrect calculations allegations being made by Mr Emerald van Zyl and an alleged ex-employee about the Bank’s vehicle finance applications processes.

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2019/03/01

Load Shedding Sheds Vehicle Sales

Posted in category: New Vehicle Sale Commentary

As load shedding rocked consumer and business confidence in February, new vehicle sales continued to shed volume. Industry sales declined 3,016 units compared to February 2018 according to the National Automobile Association of South Africa (Naamsa). New vehicle sales ended the month on 43,251 units, 6.5% down on the same month last year.

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2019/02/21

Does load shedding switch off your company's productivity?

Posted in category: General

Business owners know all about feeling powerless in the face of an unreliable electricity supply and its effect on productivity, security, perishable goods storage or delicate electronics.

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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