Wesbank
latest news & developments
Uber drivers lament ‘exploitative’ WesBank deal
A programme to help Uber drivers obtain vehicles has proven exorbitantly expensive — and drivers still won’t own their cars in the end
Court judgment reignites 14-year battle between gov spokesperson, Wesbank
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
Study reveals the actual cost of your car
Wesbank has released its mobility study, which compares the operating costs of a typical passenger vehicle in different regions around the world.
Getting wise to the dangers of balloon payments
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.
How to reduce your monthly car expenses
Look closely at your fuel costs, monthly instalments, monthly running costs and insurance.
New vehicle sales robust, buyers opting for fixed rates
Affordability looks good, but beware long finance contract periods — try to buy a vehicle you can pay off quickly.
High court rules against debt review termination
A landmark legal judgement means consumers and debt counsellors have won a battle against some major credit providers.
No drive for new cars, says WesBank
High levels of indebtedness and continued global volatility have stifled consumers’ appetites for buying big ticket items such as cars.
Confidence in vehicle sales market falls
Confidence in the vehicle sales market has fallen further, Wesbank said on Wednesday. Levels for the first quarter of 2009 dipped to 4,4.
Car repossessions up by 75%
South African new-car sales for June were the lowest since 1999. Ray Leathern looks at an automotive industry struggling to stay buoyant.
Consumers feeling the pinch
The asset finance industry is experiencing rising levels of arrears and bad debt as consumers begin to feel the pinch.
Footprints worth following
The Japanese philosophy kaizen (improvement) epitomises Wesbank’s decision to reduce consumption and promote efficiency in the workplace.
FirstRand half-year earnings rise, warns on full year
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…
Black buyers ‘prop up’ auto sales market
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…
Toyota’s new Corolla
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…