Thabo Manaka is the new Chief Executive Officer of Toyota Financial Services South Africa (TFSSA).
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.
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.
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.
As the dawn of Transport Month shifts South Africa’s focus onto the role of transport in the country’s development, the National Automobile Dealers’ Association (NADA) is urging South African car buyers to leverage the expertise of the Finance and Insurance (F&I) Business Manager at dealerships.
Advertisement
Advertisement
I have bad reflexes. I was once run over by a car being pushed by two guys
Woody Allen
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.
September 30, 2025 will be remembered as a landmark day for both the South African automotive sector and for Foton globally, says the Chinese manufacturer after its first pre-production Completely Knocked Down (CKD) Foton bakkie rolled off the assembly line at its local plant.
