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Consumer indebtedness and economic uncertainty affecting vehicle sales

Vehicle sales continue to decline, as seen in the National Association of Automobile Manufacturers’ (Naamsa) sales data for June. Total sales in June were down 4.8%, year-on-year, with 50 251 new vehicles sold. Year-to-date, the market was down 1,9%. Passenger car sales for June were down 6.6% compared to the same month last year. This is…

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Wesbank and FNB join forces to enhance fleet offering

From 1 July 2015, WesBank’s Fleet Division will report into sister bank FNB’s Credit Card Division. This will afford WesBank’s Fleet customers improved exposure to the FirstRand Group strategy of aligning expertise in the respective channels of Merchant services, Transactional Banking and Vehicle Asset Finance. This move will see both parties bringing the best of…

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Young drivers need to focus on building a safe driving history

  Alexander Forbes Insurance has recommended that parents arrange for their children to have their own insurance cover as soon as they acquire their first vehicle. Even though this can cost more to start, the benefits are that the child will build his own safe driving history sooner and accidents would not be on the…

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What are the Six key issues keeping fleet managers awake at night?

“Fleet Managers grapple with a wide range of issues that lead to sleepless nights. Not only are their diverse operations exposed to outside risk, but they often have to juggle the needs of machines as well as humans in a dynamic, changing environment,” says Dr David Molapo, Head of Fleet Management at Standard Bank. “We spoke…

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Wesbank and Hollard team up for a new venture

WesBank, a division of FirstRand Bank Limited, and The Hollard Insurance Company announced today that they will formalise their long-standing relationship through the formation of a new holding company, which will offer both WesBank and Hollard value-added motor products. WesBank will be the majority shareholder. Part of the transaction is that an agreement has been…

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What are some of the key aspects to consider when planning to open a truck stop?

Question: I would like information about how to open a truck stop in my area…Please forward me any information Answer: You need to perform research to determine among other aspects the following: how many trucks pass through the area how many trucks will stop what the destinations for these trucks are what the drivers require…

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Who knows what the ‘C-D’ stands for in the sign name below?

Question: Can you or one of your experts tell me what the ‘C-D’ stands for in the sign name below? I see that abbreviation is used in several direction signs. Answer: C-D in SARTSM stands for collector-distributor and is a road classification. A collector-distributor road is normally found at a systems interchange (where two freeways…

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Alexander Forbes Insurance will honour vehicle claims irrespective of e-toll licencing decisons

Following recent announcements regarding e-tolls and the various debates surrounding insurance cover that those South Africans with outstanding e-toll accounts will not be able to renew their vehicle licence disc, questions arise on whether or not your motor insurer will settle a claim based on the status of your vehicle licence disc. Alexander Forbes Insurance…

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