WesBank and MG Motor SA join forces to launch MG Finance

In a move set to revolutionise the vehicle financing landscape in South Africa, WesBank, a leading vehicle and asset finance provider, has announced a strategic alliance with MG Motor South Africa, giving birth to MG Finance.

This partnership aims to simplify the vehicle purchasing process and expand access to mobility solutions for consumers in the country.

MG Finance, a product of WesBank, will offer a comprehensive range of vehicle financing options directly through MG Motor dealerships.

This one-stop financing solution aims to streamline the buying journey for customers, providing them with convenient and tailored financial assistance.

WesBank CEO Ghana Msibi, expressed enthusiasm about the collaboration, stating, “The introduction of new value-for-money automotive brands has significantly revitalized the local automotive 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.

 MG Motor South Africa Senior Advisor Ian Nicholls echoed these sentiments, emphasising the importance of comprehensive finance solutions in enhancing the accessibility of MG vehicles to customers.

“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,” Nicholls remarked

Since its launch in January 2025, MG Motor South Africa has introduced two SUVs – the ZS and HS – as well as the all-electric Cyberster roadster.

The company plans to expand its local lineup with a focus on the growing B segment, featuring internal combustion engine (ICE) and hybrid variants, as well as an affordable battery electric vehicle (BEV) powertrain in the pipeline.

To celebrate the partnership and support new customers, MG Motor South Africa has launched a finance assistance campaign, running until the end of April 2025.

Customers who finance their new MG vehicle through MG Finance during this period will have the chance to win R200,000 towards their vehicle finance