Uber, Wesbank strike deal


Gauteng MEC for Roads and Transport Ismail Vadi said Uber drivers should apply for licenses as soon as possible.

JOHANNESBURG - First Rand’s vehicle finance wing Wesbank thinks Uber is a bankable business.

The company has struck a partnership with the smart phone taxi app.

The R200-million deal will allow driver partners to rent cars from Wesbank as part of a three-year maintenance lease programme.

Wesbank said this will help driver-partners establish their own business and contribute to 15,000 work opportunities.

Those selected will be chosen on their established earnings and quality record.

FirstRand’s enterprise development fund Vumela has pledged R20-million to the first thousand vehicles.

Uber said this opportunity is also open to drivers outside its business with a good track record.

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