Guiding consumers since 2009

Uber-Wesbank deal

By Alina Hardcastle

According to the reports, last Thursday Alon Lits, regional general manager for Uber in Sub-Saharan Africa, announced at the FNB Franchise Summit that over 600 vehicles have been leased to Uber since the signing of the vehicle financing deal with Wesbank at the end of last year.

The leasing programme which is valued at over R200 million, is a collaboration amongst the internet ride sharing service, Webank and First Rand’s Enterprise Development Fund, Vumela.

Launched in November of last year, the programme offers driver partners access to a specially designed full time maintained lease programme.

Lits stated: “Anyone who has been driving using the Uber app for a reasonable time and has a good earnings and quality record now has the opportunity to acquire a brand new car and start their own business full time.”

He added: “And because the programme developed with WesBank offers rates that are significantly more competitive than these drivers would otherwise have been able to obtain, their business ventures have a far better chance of succeeding in the long term.”

Note that the programme is not based on credit ratings, but rather eligibility which is determined by WesBank based on the drivers established earnings and quality record with Uber. Feedback and five star rating will be taken into consideration for the driver’s quality record.

The goal of this programme is to enable 15,000 new work opportunities for driver partners across South Africa within the next two year.

“Our partnership with WesBank and Vumela is helping us ensure everyone in the transport industry has the opportunity to become an entrepreneur and enjoy the flexibility and enhanced earnings potential, and better quality of life, of being their own boss,” said Lits.

Handy tip: Do you need vehicle finance? You can apply for financing on Justmoney. 

Recent Articles

Featured Financial conflict can lead to divorce – here’s how to prevent it

Talking about money is an intimate matter, and it may be uncomfortable for couples who’ve managed to avoid this discussion. However, it will become necessary at some point or other. Do you think you’re ready to talk to your partner about money?

This is how much you should spend on accommodation

As your salary changes over time, your expenses will change too. But what if you’re spending an exceedingly large percentage of your income on accommodation? Is it feasible or even recommended in our current stressful financial climate?

How to be “future greedy” with passive income

Setting up numerous streams of income is a safe way to protect yourself from the loss of your main stream of income. Better yet, setting up passive streams of income will ensure you always have money coming in, without costing you additional working hours. So, what is “passive income”, and how can you earn this?

Can your debt be cancelled?

It sometimes happens that you struggle so much to pay your debt that you think of asking your creditor to write it off. But debt doesn’t just get written off. There are conditions that must be met and procedures that must be followed before the creditor cancels your debt.

 

Deals

FNB senior customers can earn up to 30% back in eBucks at Clicks

Price: Available on request
When: From 5 August 2020
Where: Nationwide

Bakwena Spa Women’s Day Special

Price: R549 per person
When: Until 31 August 2020
Where: Centurion, Hartbeespoort, Kuils River

Dis-Chem Pap Test Special

Price: R180
When: From 3 August to 11 September 2020
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions