South African brothers earning R2.4 million a month selling second-hand cars
The founders of South Africa’s leading used-vehicle retailer, WeBuyCars, earned a combined R28.7 million in the 2025 financial year.
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Chinese entrants compel WeBuyCars to take ‘a bit of margin squeeze’
‘There’s a great appetite in the second-hand market for these vehicles; they sell quickly – people love buying them new, and they love buying them in the second-hand space’: CEO Faan van der Walt.
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WeBuyCars responds to share price drop
‘We will never make a decision to gain in the short term but pay a price in the long term’ – CEO Faan van der Walt.