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WesBank

WesBank is a South African financial services provider specialising in vehicle and asset finance. The company is a division of FirstRand Bank, one of South Africa's largest financial institutions, and operates as part of the FirstRand Group. WesBank offers a range of financing solutions for new and used vehicles, including passenger cars, light commercial vehicles and motorcycles, serving both retail and corporate customers. The bank also provides fleet management services, insurance products and related financial services to the automotive sector. WesBank is a major player in South Africa's vehicle finance market, with a significant market share in new vehicle sales financing. The company works closely with motor dealerships and manufacturers across the country, providing point-of-sale finance and leasing options. WesBank regularly publishes market data and analysis on vehicle sales trends, making it a key source of industry intelligence. The bank has been a prominent financier in the South African automotive industry for several decades, contributing to vehicle affordability and market accessibility.

WesBank Updates


New-vehicle sales continue to soar in May; new energy vehicle sales see big jump
New-vehicle sales continue to soar in May; new energy vehicle sales see big jump
2nd June 2026 By: Irma Venter

South Africa’s new-vehicle market continued its positive run as sales increased by 12.8% in May compared with the same month last year. The 51 071 new vehicles that found new owners last month... 


Andrew Bahlmann, joint CE of Deal Leaders International
Andrew Bahlmann
29th May 2026 By: Creamer Media Reporter

This week we profile Andrew Bahlmann, joint CE of Deal Leaders International, a sell-side merger and acquisition (M&A) advisory service provider 


New-vehicle sales soar as exports fall for third straight month
22nd May 2026 By: Irma Venter

South Africa’s new-vehicle market delivered its strongest April performance in 13 years, with domestic sales rising 13% year-on-year, to 47 979 units. According to data from naamsa | The Automotive... 


Boost local auto industry’s competitiveness instead of shielding it from rivals – WesBank
22nd May 2026 By: Irma Venter

The growing presence of Chinese competition in the South African auto industry is not a concern, as competition in itself is not a problem, says WesBank senior economist Thanda Sithole. “Increased... 


Thanda Sithole
Improve the local auto industry’s ability to compete, rather than insulating it from competition – WesBank
7th May 2026 By: Irma Venter

The growing arrival of Chinese competition in the South African auto industry is not a concern, as competition in itself is not a problem, says WesBank senior economist Thanda Sithole. “Increased... 


New-vehicle sales continue to soar, but exports in third monthly decline
New-vehicle sales continue to soar, but exports in third monthly decline
5th May 2026 By: Irma Venter

South Africa’s new-vehicle market delivered its strongest April performance in 13 years, with domestic sales rising 13% year-on-year, to 47 979 units. According to data from naamsa | The Automotive... 


New-vehicle sales up 17.3% in March, but April introduces new pressure, warns WesBank
24th April 2026 By: Irma Venter

South Africa’s new-vehicle market delivered its strongest March since 2007, with domestic sales reaching 58 060 units. According to naamsa | the Automotive Business Council, this represents a 17.3%... 


New-vehicle sales up 17.3% in March, but April introduces new pressure, warns WesBank
New-vehicle sales up 17.3% in March, but April introduces new pressure, warns WesBank
2nd April 2026 By: Irma Venter

South Africa’s new-vehicle market delivered its strongest March since 2007, with domestic sales reaching 58 060 units. According to naamsa | the Automotive Business Council, this represents a 17.3%... 


Rising electricity costs drive solar demand, but affordability and trust remain barriers, says FNB
Rising electricity costs drive solar demand, but affordability and trust remain barriers, says FNB
27th March 2026

South Africa’s energy landscape is shifting. While power cuts have eased, rising electricity costs are driving increased demand for alternative energy solutions.  FNB reports growing interest in... 


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