New car sales down by 20.6% year-on-year

We experienced a major drop in new-car loan applications.

Simphiwe Nghona, WesBank

We decline between 50% and 60% of applications.

Simphiwe Nghona, WesBank

We foresee this deterioration to continue in 2017.

Simphiwe Nghona, WesBank

New cars sales plunged by 20.6% year-on-year in July.

The Money Show’s Bruce Whitfield interviewed Simphiwe Nghona, CEO of Motor Division at WesBank.

Listen to the audio below for more detail

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the six most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Shoprite increases market share to 33.2% (an all-time high)

Shoprite increases market share to 33.2% (an all-time high)

The Money Show’s Bruce Whitfield interviews Shoprite CEO Pieter Engelbrecht.

Sasol reports 15% drop in headline earnings per share

Sasol reports 15% drop in headline earnings per share

Bruce Whitfield interviews Bongani Nqwababa, joint CEO of the world’s largest maker of motor fuel from coal.

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

The Money Show's Bruce Whitfield interviews Rain Director Michael Jordaan about his money beliefs and history.

50 inventions that created the modern economy

50 inventions that created the modern economy

Economist Tim Harford discusses his book “50 Things That Made the Modern Economy”.

3 best investments on the JSE right now

3 best investments on the JSE right now

Stock picks of the week, by Mergence Investment Managers Portfolio Manager Peter Takaendesa.

Blind Spots: How they come about and how they affect your business

Blind Spots: How they come about and how they affect your business

As a small business owner, nobody expects you to be perfect. Because you cannot see them, blind spots could be a real nuisance.

Popular articles
Getting to know MP, Dr Makhosi Khoza

Getting to know MP, Dr Makhosi Khoza

Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.

10 sexting tips on how to keep things spicy (and safe)

10 sexting tips on how to keep things spicy (and safe)

Interested in sexting but worried about the risks? Dr Eve has created a guideline to help you 'sext' in a fun and responsible way.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?