WesBank, has announced a strategic partnership with GAC Motor South Africa as part of the automaker’s entry into the local market with the creation of GAC Motor Finance, a financing solution provided by WesBank.
The agreement also includes floorplan financing, assisting GAC Motor dealers in sourcing both new and used vehicles for sale, making it easier for them to stock their showrooms.
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Ghana Msibi from WesBank (left) and Leslie Ramsoomaar (GAC)
WesBank CEO Ghana Msibi commented: “As a bank dedicated to helping South Africans from all walks of life achieve their mobility goals, our partnership with GAC Motor South Africa is a natural fit. This will offer South African buyers access to vehicles from GAC Motor that blend quality, innovation, and forward-thinking design — delivering premium features at affordable prices. Our shared commitment to innovation will help expand mobility options for car buyers in South Africa, and we’re excited to be a part of this journey.”
Leslie Ramsoomar, Managing Director of GAC Motor South Africa, added: “Partnering with WesBank is an exciting milestone for us as we launch the GAC Motor brand in South Africa. Salvador Caetano SA, our import partner, has enjoyed a relationship with WesBank for more than 30 years. It’s one thing to join an established business, but WesBank’s commitment to supporting a new venture like ours is something we truly value.”
The agreement will bolster the introduction of key models such as the EMKOO and EMZOOM, with more to follow.
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One anticipated release is the Aion Y, a five-seater electric crossover boasting a range of up to 490 km. This vehicle is expected to alleviate concerns around electric vehicle range anxiety, making it an attractive option for South Africans looking to embrace the shift to electric mobility.
Colin Windell for Coli-on-Cars in association with
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