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.