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
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