WesBank, the vehicle and asset finance house of listed FirstRand, has established an alliance with Volvo Financial Services to launch a private label finance offering that supports Volvo Group finance activities in South Africa, focusing on commercial vehicles.
The local Volvo Group companies, Volvo Southern Africa, Nissan Diesel and Renault Trucks, are all premium brands in the commercial vehicle industry.
Chris de Kock, the executive head of sales and marketing at WesBank, said yesterday the alliance with Volvo Financial Services complemented WesBank's partnership model and was a unique growth opportunity for both businesses. - Roy Cokayne