South Africa’s vehicle buying and selling service, WeBuyCars, has announced that its co‑founders and co‑CEOs, Faan and Dirk van der Walt, have sold approximately $54.3 millions worth of shares in the company. The sale, aimed at personal investment diversification and estate planning, marks the first time the founders have sold shares since WeBuyCars listed on the JSE on April 11, 2024.


Founded in 2001, the company now operates around 18 vehicle supermarkets and more than 100 buying pods, and reportedly trades over 15 000 cars a month across South Africa.
Thami Ngubeni spoke to Viv Govender, a Portfolio Manager at Rand Swiss.

South Africa&rsquo;s vehicle buying and selling service, WeBuyCars, has announced that its co‑founders and co‑CEOs, Faan and Dirk van der Walt, have sold approximately $54.3 millions worth of shares in the company. The sale, aimed at personal investment diversification and estate planning, marks the first time the founders have sold shares since WeBuyCars listed on the JSE on April 11, 2024.
 Founded in 2001, the company now operates around 18 vehicle supermarkets and more than 100 buying pods, and reportedly trades over 15 000 cars a month across South Africa. Thami Ngubeni spoke to Viv Govender, a Portfolio Manager at Rand Swiss.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

WeBuyCars co‑founders have sold approximately $54.3 million worth of shares in the company

The 2026 World Governments Summit, held alongside the World Laureates Summit, is underway in Dubai in the United Arab Emirates (UAE). Hosted under the theme “Shaping Future Governments,” the summit brings together governments, international organisations, thought leaders and private‑sector executives from around the world to advance international cooperation.


Speaking during one of the sessions, Patrick J. McGinnis, author of Fear of Missing Out, posed a pointed question: Are governments leading with a clear strategy, or are they merely reacting to FOMO, the fear of missing out, and FOBO, the fear of a better option, in an increasingly fast‑changing world?
Thami Ngubeni spoke to Patrick J. McGinnis, Venture Capitalist and Author of Fear of Missing Out.

The 2026 World Governments Summit, held alongside the World Laureates Summit, is underway in Dubai in the United Arab Emirates (UAE). Hosted under the theme &ldquo;Shaping Future Governments,&rdquo; the summit brings together governments, international organisations, thought leaders and private‑sector executives from around the world to advance international cooperation.
 Speaking during one of the sessions, Patrick J. McGinnis, author of Fear of Missing Out, posed a pointed question: Are governments leading with a clear strategy, or are they merely reacting to FOMO, the fear of missing out, and FOBO, the fear of a better option, in an increasingly fast‑changing world? Thami Ngubeni spoke to Patrick J. McGinnis, Venture Capitalist and Author of Fear of Missing Out.

Patrick J. McGinnis, author of Fear of Missing Out, questions whether governments lead with a clear strategy or merely react to FOMO

Day two of the IBT Presidential Summit has shifted the focus from policy vision to practical implementation, with discussions centred on how Innovative Building Technologies can be supported and funded at scale. Financial institutions, development financiers and government entities are engaging on the risks, opportunities and funding models required to move IBTs beyond pilot phases and into mainstream delivery.

Our Reporter Lebogang Mabange has more.

Day two of the IBT Presidential Summit has shifted the focus from policy vision to practical implementation, with discussions centred on how Innovative Building Technologies can be supported and funded at scale. Financial institutions, development financiers and government entities are engaging on the risks, opportunities and funding models required to move IBTs beyond pilot phases and into mainstream delivery.
Our Reporter Lebogang Mabange has more.

IBT Presidential Summit shifts the focus from policy vision to practical implementation

Ethiopian Prime Minister Abiy Ahmed has pushed back against claims by United States (US) President Donald Trump that Ethiopia’s massive new hydroelectric dam was funded by the US. The $4 billion Grand Ethiopian Renaissance Dam, built on a tributary of the Nile River, is expected to generate more than 5 000 megawatts of electricity, making it the largest power‑producing dam in Africa.


However, the project remains highly contentious. Egypt, a close US ally that relies on the Nile for nearly all of its water supply, has repeatedly warned that the dam poses an existential threat.
Channel Africa’s Economics Reporter, Innocent Semosa, has more.

Ethiopian Prime Minister Abiy Ahmed has pushed back against claims by United States (US) President Donald Trump that Ethiopia&rsquo;s massive new hydroelectric dam was funded by the US. The $4 billion Grand Ethiopian Renaissance Dam, built on a tributary of the Nile River, is expected to generate more than 5 000 megawatts of electricity, making it the largest power‑producing dam in Africa.
 However, the project remains highly contentious. Egypt, a close US ally that relies on the Nile for nearly all of its water supply, has repeatedly warned that the dam poses an existential threat. Channel Africa&rsquo;s Economics Reporter, Innocent Semosa, has more.

WeBuyCars co‑founders have sold approximately $54.3 million worth of shares in the company

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