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
Real house prices are falling (and the declines are gathering pace)

Real house prices are falling (and the declines are gathering pace)

November was the seventh consecutive month of slowing price growth. And there is no end in sight, according to FNB.

How to raise funding (at each stage of your business’ growth)

How to raise funding (at each stage of your business’ growth)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

How to best invest a lump sum

How to best invest a lump sum

Got some money in the bank, earning peanuts in interest? Here’s how to make it work harder for you in the most tax efficient way…

Judge Dennis Davis on why Pravin Gordhan ordered him to probe Sars

Judge Dennis Davis on why Pravin Gordhan ordered him to probe Sars

Gordhan doesn’t trust Sars' information “because of a lack of accountability and cooperation from the Sars top management”.

The story of Wellness Warehouse (and how it won the niche health market)

The story of Wellness Warehouse (and how it won the niche health market)

The Money Show’s Bruce Whitfield interviews Wellness Warehouse cofounder Dr Sean Gomes.

Mineral and Petroleum Resources Development Amendment Bill 101

Mineral and Petroleum Resources Development Amendment Bill 101

Oil and gas could revolutionise the South African economy. 5 important things to know about the MPRD Amendment Bill.