As automotive consumers in South Africa contend with affordability pressures, Chinese vehicle brands gain prominence and the shift to new-energy vehicles (NEVs) and future mobility solutions unfolds, leasing asset-based finance provider WesBank is responding by adapting its offering to both accommodate and shape this evolving landscape.
This was outlined by the company at a media roundtable: 'The future of mobility in South Africa: Balancing growth, access and transformation', held at its offices, in Johannesburg, on June 11.
WesBank CEO Robert Gwerengwe highlighted that the company’s approach was to be involved in the entire value chain, compared to its traditional model of providing financing options.
“We need to take the angst out for customers, and we have the ability. Through our original equipment manufacturer (OEM) relationships we should be, and we will be, going deeper into charging stations, across the board, building the infrastructure, being part of that – that’s work that’s happening already,” he acclaimed.
WesBank is also exploring rolling out different incentives, such as value proposition for customers to charge at certain stations for free for a certain period of time, and charging as a service.
