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Payday lender Wonga South Africa hires new CEO

As well what’s been previously stated, van Aswegen worked as a managing director at AFB, a consumer finance firm at which he lead his own team of 500 people who brought the first credit card retail operation to Kenya. He was also an operations director at HomeChoice for three months.


Van Aswegan also stood as chairperson of the Credit Providers Association at the time when the National Credit Act was introduced to South Africa and everything seems very up-in-the-air. However, he played a crucial part in the process and “helped guide the credit industry through the transformation required with the introduction of the Act”.

He could gain much praise if thing go well for him at his new job, but that’s far from a certainty with the payday loan market under intense scrutiny. However, if he keeps up his track record of impressive reform he may well turn Wonga into a highly regarded business within the next few years. For some tips on doing business properly in South Africa, check out this piece of writing.

Originally posted 2015-09-02 14:44:03. Republished by Blog Post Promoter