Thabo Manaka is the new Chief Executive Officer of Toyota Financial Services South Africa (TFSSA).
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Thabo is a long-serving member of the TFSSA team and is currently the Director and Senior Vice President of Corporate Administration at TFSSA. He joined the financial services company in 2007 and rose through the ranks to his new position.
Prior to joining TFSSA, Thabo held positions in which he was responsible for compliance, IT, legal and risk management.
Thabo is succeeding Marius Burger who is retiring at the end of the year, after seven years at the helm. He will start in his position on 1 January.
Thabo Manaka is the new CEO of Toyota Financial Services SA.
Says Thabo: "The COVID-19 pandemic has an impact on all people, not only locally, but the entire globe. At TFSSA, we recognise the importance of adapting to these changing times. As the world evolves, so will the financial and mobility solutions, and we can assure you that we are ready to put the smiles back on our customers’ faces.”
Andrew Kirby, President and CEO of Toyota South Africa Motors and Chairman of TFSSA, says: “TSA can rely on Thabo and his continued support at TFSSA. He demonstrated his range of management skills, along with experience and curiosity that could not be more relevant to transform TFS into a mobility-savvy organisation in the years ahead.”
“I thank the Board and the Shareholders for the confidence they have in me to lead Toyota Financial Services,” Thabo concluded.
South Africa’s automotive industry is entering new territory. Under pressure to localise, modernise and transition to a more sustainable and globally competitive future, the focus is shifting towards partnerships as the engine of growth and resilience.
The Supreme Court of Appeal (SCA) has dismissed the National Credit Regulator’s (NCR) appeal in a high-profile dispute with the finance arms of BMW, Mercedes-Benz and Volkswagen over the treatment of so-called “on-the-road” (OTR) fees in vehicle finance agreements.
South Africa’s automotive sector arrived at the recent South African Auto Week 2025 in Gqeberha with a renewed sense of optimism, backed by clear signs of recovery, reports Ecofin Agency.
South Africa’s automotive industry is entering new territory. Under pressure to localise, modernise and transition to a more sustainable and globally competitive future, the focus is shifting towards partnerships as the engine of growth and resilience.
The Supreme Court of Appeal (SCA) has dismissed the National Credit Regulator’s (NCR) appeal in a high-profile dispute with the finance arms of BMW, Mercedes-Benz and Volkswagen over the treatment of so-called “on-the-road” (OTR) fees in vehicle finance agreements.
South Africa’s automotive sector arrived at the recent South African Auto Week 2025 in Gqeberha with a renewed sense of optimism, backed by clear signs of recovery, reports Ecofin Agency.