https://newsletter.en.creamermedia.com
Africa|Road
Africa|Road
africa|road

WeBuyCars lists on the JSE

11th April 2024

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

Preowned-vehicle sales specialist WeBuyCars on Thursday listed on the main board of the JSE under the share code WBC.

The listing follows WeBuyCars’ unbundling from Transaction Capital, which also owns the struggling SA Taxi.

Transaction Capital announced earlier this year “that the separate listing was driven by WeBuyCars’ unique market positioning”.

Established in 2001, WeBuyCars has 2 800 employees across South Africa.

It buys and sells vehicles from 15 of its own ‘supermarkets', and has 74 buying pods nationwide.

Shares of the vehicle reseller opened at R20 a share.

“It has been an amazing journey that has culminated in a listing on the JSE,” says WeBuyCars CEO Faan van der Walt.

“We are excited about the road ahead as the listing opens up many opportunities, such as enhancing our brand, creating liquidity for shareholders and attracting staff.”

WeBuyCars marks the second listing on the JSE this year, bringing the total number of companies listed to 283, with a market cap of R18.4-trillion.

The JSE has suffered a raft of delistings in the last few years – more than 20 in 2023 alone – with local investors opting to take their money abroad.

 

 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (12/12/2025)
12th December 2025 By: Martin Creamer

Showroom

Aluminium Federation of South Africa
Aluminium Federation of South Africa

The Aluminium Federation of South Africa (AFSA), is the voice of the South African aluminium industry.

VISIT SHOWROOM 
Columbus Stainless
Columbus Stainless

Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 December 2025
Magazine round up | 12 December 2025
12th December 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.113 0.489s - 196pq - 2rq
Subscribe Now