27 February 2025 – In a move set to redefine the South African automotive financing landscape, WesBank, a leading vehicle and asset finance provider, has announced a strategic alliance with MG Motor South Africa to establish MG Finance. This collaboration aims to simplify vehicle financing and enhance access to mobility solutions for South African consumers.
MG Finance, powered by WesBank, is designed to offer a seamless and integrated financing experience directly through MG Motor dealerships. By providing a comprehensive suite of vehicle financing products under one roof, this initiative streamlines the purchasing process, ensuring customers enjoy a hassle-free and convenient journey to vehicle ownership. Additionally, the partnership extends to floorplan financing, enabling MG Motor dealers to efficiently stock both new and pre-owned vehicles, further strengthening the brand’s footprint in South Africa.
Ghana Msibi, CEO of WesBank, highlighted the significance of this partnership in the context of South Africa’s evolving automotive market. “The introduction of new value-for-money automotive brands has significantly revitalized the local industry, particularly in the passenger car segment. This growth is encouraging, and we are thrilled to partner with MG Motor South Africa to further expand vehicle options for South African car buyers. This collaboration reinforces our commitment to making mobility accessible to more people.”
Echoing these sentiments, Ian Nicholls, Senior Advisor at MG Motor South Africa, emphasized the broader impact of MG Finance on both customers and dealers. “The launch of MG Finance, in partnership with WesBank, marks a significant milestone for MG Motor South Africa. Providing comprehensive finance solutions is essential to making MG vehicles more accessible to our customers while ensuring a seamless and competitive ownership experience. Through this strategic alliance, we are not only empowering our customers with flexible and tailored financing options but also strengthening our dealer network with robust floorplan financing support. This collaboration underscores our commitment to growth, customer-centricity, and a long-term vision for MG’s success in South Africa.”
MG Motor South Africa entered the market in January 2025, introducing two SUVs – the ZS and HS – alongside the all-electric Cyberster roadster. With ambitious expansion plans in place, the company aims to bolster its local line-up with models catering to the growing B-segment, offering internal combustion engine (ICE), hybrid, and affordable battery electric vehicle (BEV) options.
To commemorate the launch of MG Finance and support new customers, MG Motor South Africa has unveiled an exclusive finance assistance campaign running until the end of April 2025. During this period, customers who finance their new MG vehicle through MG Finance stand a chance to win R200,000 towards their vehicle finance deal—an initiative that further underscores MG’s commitment to making vehicle ownership more accessible and rewarding.
For more information or to locate your nearest MG Motor dealership, visit www.mgmotor.co.za.
