A programme to help Uber drivers obtain vehicles has proven exorbitantly expensive — and drivers still won’t own their cars in the end
Mzukisi Ndara says as a result of fraud by Wesbank and a Nissan dealership, he lost his job and had to let go of two houses
No image available
/ 15 February 2012
Wesbank has released its mobility study, which compares the operating costs of a typical passenger vehicle in different regions around the world.
The popularity of balloon payments — an inflated final payment of a loan, paid in full at the end of the loan agreement — is on the wane.
Look closely at your fuel costs, monthly instalments, monthly running costs and insurance.
Affordability looks good, but beware long finance contract periods — try to buy a vehicle you can pay off quickly.
No image available
/ 2 February 2011
A landmark legal judgement means consumers and debt counsellors have won a battle against some major credit providers.
High levels of indebtedness and continued global volatility have stifled consumers’ appetites for buying big ticket items such as cars.
No image available
/ 4 February 2009
Confidence in the vehicle sales market has fallen further, Wesbank said on Wednesday. Levels for the first quarter of 2009 dipped to 4,4.
South African new-car sales for June were the lowest since 1999. Ray Leathern looks at an automotive industry struggling to stay buoyant.
The asset finance industry is experiencing rising levels of arrears and bad debt as consumers begin to feel the pinch.
The Japanese philosophy kaizen (improvement) epitomises Wesbank’s decision to reduce consumption and promote efficiency in the workplace.
South Africa’s FirstRand said on Tuesday that first-half diluted normalised headline earnings per share rose 12% to 105,6 cents, at the lower end of its forecasts, despite tough market conditions. The group said it was unlikely to meet its long-term targeted growth in earnings of 10% above inflation in the current financial year.
No image available
/ 23 January 2008
The number of black buyers of vehicles has doubled in the past five years, making up 34% of South Africa’s largest vehicle lender Wesbank’s book from 17% in 2003, it said on Wednesday. However, Wesbank painted a grim picture for the vehicle market in the next 12 months.
The new Toyota Corolla appeals at a more primal level than pure logic dictates. It’s better looking by far than its predecessor, having lost that chunky styling, and it’s fun to drive. The car feels like a quality European offering, and even the base model is pretty well specced. Gavin Foster reports.