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Watch how WesBank's asset-based solutions go way beyond banking but are founded on a deep understanding of and experience in, the sectors we service - From SMEs to large enterprises. All towards building our economy together. Learn more: https://lnkd.in/eMjubkH3

According to data released by naamsa | The Automotive Business Council, October was the best performing month so far this year in terms of new vehicle sales. The result provides a strong start to the final quarter and aligns with expectations for an improved second-half performance from the market. ? “We expect further relief in interest rates during November, which should continue to bolster consumer sentiment and business confidence,” says Lebogang Gaoaketse Gaoaketse, Head of Marketing and Communication at WesBank. “While the market will continue to remain under pressure, all the indicators are in place for the slow recovery of the market to continue.” ? Watch the video to find out more about what happened in the motor industry in October. ?

Brotherhood Group: Supporting Men’s Health, Together The WesBank Brotherhood Group was formed in 2018 at WeBank to provide a safe, judgment-free space where men can connect, share, and support one another on their journeys. Recognising the unique challenges men face, the group offers monthly sessions focused on mental, physical and financial well-being among other topics, featuring professional insights from partners like Lyra Health. These sessions are also open to women who are raising boys, broadening the circle of support. In addition to these monthly gatherings, the Brotherhood Group holds exclusive Friday sessions to create deeper mental wellness connections among members. Over time, this initiative has grown to include other departments within the FirstRand Group, even extending online to FirstRand teams in other African countries. Brotherhood members build bonds, share success stories, and empower one another to rise above life’s challenges. This Movember, we’re proudly strengthening these connections even more and raising awareness for men’s health. #Movember #Brotherhood #MentalHealthMatters #MensHealthAwarenessMonth #WesBankCares Mzwandile Mazive

We’re honoured to have been recognised as the winner in the Credit Provider: Vehicle Finance category at the 11th Annual Debt Review Awards. Joining industry leaders in Cape Town, Patrick Nendouvhada, WesBank's Debt Review Operations Lead, received this award on behalf of the bank. Being acknowledged for our commitment to supporting the debt review process and our treatment of customers is truly rewarding. A heartfelt thank you to all our customers and partners for your continued trust and support. #WeMoveWithYou

The naamsa | The Automotive Business Council Accelerator Awards, powered by WesBank, celebrated the automotive pioneers shaping the future of mobility. For the third year in a row, trailblazers driving transformative change in the industry were recognised and honoured. WesBank CEO Ghana Msibi underscored the importance of investing in what's relevant for future customers, highlighting the role of data, technology, and diversifying product offerings to meet evolving needs. Congratulations to all the nominees and winners! Swipe through to see some of the memorable moments from this prestigious event. #SAAutoWeek2024 #WeMoveWithYou #100YearsOfMobility #WeArenaamsa #WesBank #WesBankCarLove

naamsa | The Automotive Business Council has unveiled the finalists for the naamsa Accelerator Awards, powered by WesBank. This competition stands as South Africa's premier, objective, and fact-based recognition within the automotive sector. These awards will honour excellence in the automotive industry, highlighting the remarkable achievements of individuals and organisations that have pushed boundaries, fostered innovation, and made significant contributions to the sector's growth and sustainability. Mikel Mabasa, CEO of naamsa, announced that his organization will utilize its esteemed, trusted, and independently audited datasets to recognize and honour the top-performing brands across various segments and categories within the entire automotive value chain. Our selection of finalists and winners is based on objective, reliable data that has been independently audited by a respected firm in the country. As we commemorate a century of automotive history, we shine a spotlight on the key partners who have propelled the automotive industry in South Africa since 1924. The following brand finalists are announced [in alphabetical order] for the Battery Electric Models - BMW South Africa iX; iX1; iX3; Volvo Car South Africa EX30; and XC40. In the lead up to South Africa Automotive Week in Cape Town, the BMW iX and Volvo XC40 were amongst the fleet of battery electric vehicles in the new energy vehicle road trip that travelled 2,225 km's across South Africa. #SAAutoWeek #SAAutoWeek2024 #NEVroadtrip #100YearsOfMobility #WeArenaamsa #AutomotiveAwards #WesBank #FNBSustainability #WeMoveWithYou #WesBankCarLove #mobilityMATTERS #TheElectricMission on #emissions #ElectricMISSION with #eMobility #ElectricMobility #ElectricVehicles BMW Group #BMWiX #BMWiX1 #BMWiX3 | Volvo Group Volvo Cars #VolvoEX30 #VolvoXC40

The future of mobility is electric, and it’s already transforming the way we drive… This was one of the key insights shared by Greg Cress, Automotive and e-Mobility Lead at Accenture in South Africa, at SA Auto Week in Cape Town.?Watch video for more insights. #SAAutoWeek #EscapingTheNoise #100YearsofMobility #WeMoveWithYou #ElectricCars naamsa | The Automotive Business Council

WesBank is proud to sponsor the Accelerator Awards at SA Auto Week, brought to you by naamsa | The Automotive Business Council, for the third year running. These awards celebrate the innovators driving the future of mobility. Their work is reshaping the automotive landscape and defining the road ahead. We’re honoured to help recognise these trailblazers and their contributions to the next era of mobility. #SAAutoWeek2024 #WeMoveWithYou #100YearsOfMobility #SAAutoWeek #WeArenaamsa #WesBank #WesBankCarLove

Memorable moments at #SAAutoWeek as President Cyril Ramaphosa delivered a keynote address on the future of the automotive industry, including South Africa’s transition to electric vehicles. He also engaged with industry leaders during a walkabout at the event. #100YearsofMobility #WeMoveWithYou #WeArenaamsa #WesBankCarLove #mobilityMATTERS naamsa | The Automotive Business Council

Speaking at the ongoing SA Auto Week, President Cyril Ramaphosa emphasised that South Africa is positioning itself as a global hub for electric vehicles. He underscored the country’s commitment not only to importing EVs but also to becoming a key player in their production, as well as in the manufacturing of EV batteries. Declan Jones (CA)SA, WesBank Head of nav? Marketplace & Ecosystems, highlighted the importance of this vision: "The key takeaway from the President’s speech is that South Africa is open for business when it comes to electric vehicles—not just in terms of imports, but with a focus on becoming a key player in the production of EVs and batteries. Local beneficiation of raw materials is critical so that we don’t have to ship them elsewhere and then import them back at inflated prices. This approach will help grow our economy." This commitment to localising the EV industry is not just about sustainability but also about unlocking new opportunities for economic growth, job creation, and strengthening South Africa’s competitive edge in the global automotive market. #SAAutoWeek #EscapingTheNoise #100YearsofMobility #WeMoveWithYou naamsa | The Automotive Business Council