Faan van der Walt on Webuycars' 21% growth, R40M listing costs, and future ambitions
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In a recent interview on BizNews, Alec Hogg spoke with Faan van der Walt, CEO and co-founder of Webuycars, about the company’s impressive growth, challenges of going public, and its future outlook. Webuycars, now listed on the JSE, has experienced strong top-line growth of over 20%, though it faced a dip in headline earnings per share due to non-recurring costs associated with the listing. Faan discussed how major institutional investors, including Coronation and Aylett & Co., have backed the company, and he expressed optimism about reaching the ambitious goal of selling 25,000 vehicles per month in the near future.
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