Botswana
Botswana
In an exciting development for South Africa's automotive industry, WesBank, the nation’s leading vehicle and asset finance provider, has teamed up with GAC Motor South Africa in a strategic partnership aimed at revolutionizing vehicle financing and accessibility. The collaboration marks a significant milestone as GAC Motor gears up to make its mark on the local market, with WesBank playing a key role in driving their go-to-market strategy. At the core of this alliance is the creation of GAC Motor Finance, an exclusive product designed by WesBank to streamline vehicle financing for GAC Motor customers. This partnership positions WesBank as the first lender to empower GAC Motor dealers to offer clients an all-inclusive suite of financing solutions, covering both new and used vehicles. Beyond retail financing, the collaboration also extends to floorplan finance, enabling GAC Motor dealers to efficiently stock their showrooms with the latest models. WesBank CEO Ghana Msibi emphasized the significance of the partnership, stating: "Our commitment to enhancing mobility for all South Africans aligns perfectly with GAC Motor’s entry into the market. This partnership will provide buyers with access to an impressive range of vehicles that blend quality, innovation, and sleek design—all at an affordable price point. Together, we’re poised to transform the car buying experience for South Africans, and we’re thrilled to be a part of this journey with GAC Motor." GAC Motor South Africa, along with their import partner Salvador Caetano SA, is optimistic about the future. Managing Director Leslie Ramsoomar highlighted the trust that WesBank has placed in their brand: "It’s truly an honor to partner with WesBank, a leader in vehicle finance, as we introduce GAC Motor to South Africa. Our 30-year relationship with Salvador Caetano has been built on mutual trust, and WesBank’s belief in our vision for GAC Motor is a testament to their commitment to innovation." The timing of this partnership couldn’t be better, launching during Transport Month in October, a period that underscores the importance of mobility solutions in South Africa. WesBank’s extensive network and marketing support will play a pivotal role in the introduction of GAC Motor's exciting new models to local consumers, including the EMKOO and EMZOOM SUVs. Further down the line, South African motorists can look forward to the arrival of the Aion Y, a fully electric crossover designed to alleviate the concerns of range anxiety. Offering a potential range of up to 490 km on a single charge, the Aion Y aims to make electric mobility more practical and appealing to a wider audience as the country inches towards a more sustainable future. With WesBank’s backing, GAC Motor is set to be a game-changer in South Africa's automotive scene, providing customers with not only advanced vehicle options but also a seamless and supportive financing process.