Wesbank responds to vehicle repossession claims

Recently, several Twitter users tweeted that Wesbank was planning to repossess around 45 000 vehicles from its customers. The finance house has responded to the claims surrounding these concerning reports. Lebogang Gaoaketse, Wesbank’s Head of Marketing and Communication has stated that these claims are false and unfounded.

“Repossessions are always the very last resort for Wesbank. The bank would rather consult with its customers to make new arrangements for payment than repossess a vehicle. During these challenging times, it remains a priority of ours to assist our customers where possible. As such, a payment relief option has been made available to those negatively affected by the COVID-19 pandemic,” says Gaoaketse.

“To date, we have received over 100 000 applications and have offered relief to over 53% of customers that have applied and have qualified for assistance. These numbers are a clear indication of where our focus is at the moment, so such allegations are irresponsible at a time where customers are vulnerable and need solutions,” adds Gaoaketse.

Customers who need assistance are encouraged to apply on Wesbank’s website.