The rapid growth of Chinese brands in the automotive sector has been highly beneficial for some local vehicle and asset financiers.
This is thanks to these companies’ securing partnerships with these Chinese brands and benefiting from their strong sales.
Two of the largest examples of this are WesBank and Nedbank MFC, which have seen considerable returns after shifting their perspective of Chinese brands from a potential threat to a possible opportunity.
A key consideration is that vehicle lending, particularly for…
Soccer: Soccer is the most played sport in South Africa, with the national team,
Bafana Bafana, representing the country in international competitions.
Spitfire
Van der Merwe is approached by SANRAL one day who want to build a new highway through his donkey farm. Van is really concerned with how his donkeys can get from one side of the farm to the other without having to cross the highway and risk being injured or killed. He is promised that they will build bridges the highway so that his donkeys can cross under the highway. Van agrees and gives them the go-ahead.
The highway is built and a year later the same rep goes to the farm to go see how Van and his donkeys are. He eventually finds Van under one of these bridges chipping away at the roof of the tunnel with a hammer and chisel.
\”Mnr Van de Merwe, what are you doing damaging the highway bridge?\”
Miss Lucky
Fun South African Fact: It’s believed that Cape Town’s iconic Table Mountain is one of the oldest mountains in the world. Table mountain is approximately 260 million years old; it’s also home to thousands of species of plant life, including species unique to the Cape Floral Region. The glorious mountain is one of the world’s 7 New Natural Wonders. It is also apparently one of 12 main energy centres on the planet emitting spiritual, magnetic, and electric energies. It’s an idyllic and very popular hiking destination with hundreds of routes to explore.