Johannesburg – WesBank and Great Wall Motors (GWM) announced on 10 July 2025 an updated joint venture aimed at lowering the cost of buying GWM vehicles in South Africa. The new deal allows both companies to jointly manage financial risk, reducing prices and monthly payments without extending loan terms.
The partnership, which began in 2013, already helps customers through WesBank’s financial services and floorplan financing that supports GWM dealers in stocking vehicles. This update is expected to make vehicle ownership more affordable and strengthen GWM’s position among South Africa’s leading car brands.
WesBank CEO Ghana Msibi described the agreement as a breakthrough that will liberalise vehicle finance and improve affordability for buyers. Kevin Li, GWM South Africa’s Managing Director, said the move will build on the brand’s recent successes, including winning a Gold Award at the NADA Dealer Satisfaction Index.
Efforts to determine if similar financing deals will be introduced in Eswatini have so far yielded no immediate answers. An FNB official contacted about possible partnerships with local auto manufacturers requested formal questions before providing a response.
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