Wesbank News

Uber signs $14M car rental deal with South Africa's WesBank

Uber signs $14M car rental deal with South Africa's WesBank

Online taxi-hailing service Uber has agreed a 200 million rand ($14 million) deal with South African vehicle finance provider WesBank to rent cars to drivers who can’t afford to buy them, the companies said on Tuesday.

Chris de Kock, CEO of FirstRand's WesBank unit

South Africa's FirstRand to offer vehicle finance in Nigeria

FirstRand Ltd. (FSR), Africa’s largest bank by market value, is to offer vehicle finance in Nigeria as the Johannesburg-based lender targets growth in the continent’s biggest economy.

Sizwe Nxasana, CEO, FirstRand

African Bank not a proxy for South Africa's banking industry: Sizwe Nxasana, CEO, FirstRand

FirstRand Ltd. (FSR), Africa’s biggest bank by market value, said unsecured lending was the least of its issues and criticized ratings companies for seeing failed African Bank Investment Ltd. as a proxy for the industry.